In a groundbreaking move signaling heightened federal interest in cryptocurrency regulation, the U.S. Senate has reportedly formed a dedicated subcommittee to oversee the fast-evolving digital asset sector. Spearheading this initiative is Senator Cynthia Lummis (R-WY), a prominent advocate for blockchain technology and cryptocurrencies. The formation of this subcommittee reflects a bipartisan acknowledgment of the need for a structured and comprehensive …

Kenya is on the cusp of a transformative move as it prepares to legalize cryptocurrencies, signaling a potential shift in the financial landscape of Africa. According to recent reports, Kenyan lawmakers are drafting legislation to regulate digital assets, aiming to harness the benefits of blockchain technology while addressing the risks associated with unregulated markets. Embracing the Digital Economy The proposed …

The Bitcoin network is witnessing a significant surge in its hashrate, a metric that measures the computational power dedicated to mining and securing the blockchain. This uptick is being interpreted as a strong signal of growing confidence in Bitcoin’s long-term value and resilience. What is Hashrate, and Why Does it Matter? Hashrate refers to the total computing power used by …

In a significant development for India’s cryptocurrency market, Bybit, a prominent global cryptocurrency exchange, has announced the suspension of its trading services in the country. The decision comes amid evolving regulatory changes that have created uncertainty for crypto businesses operating in India. Why is Bybit Suspending Services? Bybit cited India’s increasingly stringent regulatory environment as the primary reason for its …

Welcome to your daily roundup of the latest happenings in the world of cryptocurrency, blockchain, and digital assets. Stay informed with the biggest stories shaping the crypto ecosystem today. Bitcoin Hits Key Resistance Levels Bitcoin (BTC) is back in the spotlight as it approaches a critical resistance level of $30,000. After weeks of sideways trading, the flagship cryptocurrency is showing …

In a stunning turn of events, the co-founder of a well-known cryptocurrency firm has pleaded guilty to orchestrating a $9 million wire fraud scheme that defrauded investors and customers. The confession comes after a lengthy investigation into the company’s financial practices, which has sent shockwaves through the crypto industry. The co-founder, who has not been named pending sentencing, admitted to …

In an exciting development for the cryptocurrency world, New Hampshire and North Dakota have emerged as the latest U.S. states to propose holding Bitcoin as part of their state reserves. This bold move signals a growing trend among state governments to embrace digital currencies, acknowledging Bitcoin’s potential as a hedge against inflation and a store of value in an increasingly …

In a recent move that has shaken the crypto community, South Korea’s Upbit Exchange has announced the suspension of trading for the SOLVE token, citing concerns over the project’s transparency. The suspension follows growing scrutiny from both investors and regulators who have raised alarms about the token’s unclear operational structure and its future viability. SOLVE, a blockchain-based project aimed at …

In a bold move toward enhancing the global financial ecosystem, a consortium of leading Philippine banks has unveiled the PHPX Stablecoin, a revolutionary new digital currency designed to streamline cross-border payments. This collaboration marks a significant step forward in the country’s growing adoption of blockchain technology and digital finance, promising faster, more cost-efficient transactions for businesses and individuals alike. The …

In a shocking turn of events, the CEO of Cube Entertainment, one of the leading entertainment companies in South Korea, is facing serious allegations of fraud related to misleading cryptocurrency investments. The accusation comes as Cube Entertainment has been embroiled in a legal dispute after several investors claimed that they were misled into investing in cryptocurrency schemes under false pretenses. …