Business

March, 2025

• 26 March

  Crypto Influencer BitBoy Arrested in Florida, Listed as Fugitive

  

  Ben Armstrong, widely known as “BitBoy” in the cryptocurrency community, has been arrested in Florida and listed as a fugitive from justice. The arrest marks a dramatic turn for the influencer, who has been a controversial figure in the crypto space, often making bold claims and facing legal disputes. Background on BitBoy’s Legal Issues Armstrong has been embroiled in multiple …
• 26 March

  SEC Closes Crypto Probe: Web3 Firm Immutable Cleared

  

  The U.S. Securities and Exchange Commission (SEC) has officially ended its investigation into Web3 firm Immutable, signaling a positive development for the blockchain industry. This decision removes potential legal uncertainty for the company, which specializes in blockchain gaming and non-fungible token (NFT) infrastructure. Background of the Investigation Immutable, known for its Ethereum-based layer-2 scaling solution Immutable X, was under SEC …
• 26 March

  Russian Ministry Warns: Crypto Miners Hijacking Smart Home Devices

  

  The Russian Ministry of Digital Development has issued a warning about cybercriminals exploiting smart home devices to mine cryptocurrency without owners’ knowledge. As the demand for digital assets grows, hackers are finding new ways to leverage everyday technology for illicit mining operations, raising serious security and privacy concerns. How Crypto Miners Exploit Smart Devices Smart home devices—such as Wi-Fi routers, …
• 26 March

  BlackRock Expands BUIDL Fund, Adding Solana (SOL) to Its Crypto Portfolio

  

  BlackRock, the world’s largest asset manager, has expanded its BUIDL Fund to include Solana (SOL), signaling growing institutional interest in the blockchain ecosystem beyond Bitcoin and Ethereum. This development reinforces Solana’s position as a leading blockchain network while highlighting the increasing role of digital assets in traditional finance. Why Solana? Solana has emerged as one of the most efficient and …
• 26 March

  The Digital Chamber Unveils Blockchain Policy Framework to Shape Industry Future

  

  The Chamber of Digital Commerce has launched a comprehensive Blockchain Policy Framework, aiming to provide policymakers and industry leaders with structured guidance on regulating and fostering blockchain innovation. This initiative reflects the growing need for a balanced regulatory approach that encourages innovation while ensuring compliance and security. Why a Blockchain Policy Framework Matters As blockchain technology continues to gain traction …
• 26 March

  CME Group & Google Cloud Pioneer Next-Gen Asset Tokenization

  

  CME Group, a global leader in derivatives markets, has partnered with Google Cloud to pilot asset tokenization solutions, marking a significant step in the evolution of financial markets. This collaboration aims to explore the potential of blockchain and distributed ledger technology (DLT) in enhancing the efficiency, security, and accessibility of traditional asset classes. What is Asset Tokenization? Asset tokenization involves …
• 26 March

  Celo Completes Transition to Ethereum Layer 2 for Enhanced Scalability

  

  Celo, a blockchain platform focused on mobile-first decentralized applications, has successfully completed its migration to an Ethereum Layer 2 network. This transition is designed to improve scalability, reduce transaction costs, and enhance interoperability within the Ethereum ecosystem. Why Move to Layer 2? By shifting to Ethereum’s Layer 2 infrastructure, Celo benefits from increased transaction efficiency while maintaining the security and …
• 26 March

  Coincheck Unveils Corporate Crypto Custody Service in Japan

  

  Japanese cryptocurrency exchange Coincheck has launched a new corporate crypto custody service, aiming to provide secure storage solutions for institutional investors. The move reflects the growing demand for robust custody infrastructure as businesses increasingly explore digital asset investments. Why Crypto Custody Matters for Institutions Unlike retail investors, corporations and institutional firms require higher security measures and regulatory compliance when managing …
• 26 March

  Ripple Settles With SEC for $50M as Legal Battle Nears End

  

  Ripple has reached a settlement with the U.S. Securities and Exchange Commission (SEC), agreeing to pay $50 million to resolve the long-running lawsuit over its XRP token. The settlement marks a significant step toward concluding one of the most closely watched legal battles in the cryptocurrency industry. Background of the Case The SEC filed a lawsuit against Ripple in 2020, …
• 26 March

  Xapo Bank Executive on Institutional Crypto Adoption: ‘Crypto is Here to Stay’

  

  As the cryptocurrency industry matures, institutional adoption continues to expand. In a recent discussion, a senior executive at Xapo Bank emphasized the long-term viability of digital assets, stating that “crypto is here to stay.” This statement underscores the increasing role of cryptocurrencies in global finance, particularly among banks and institutional investors. Why Institutions Are Embracing Crypto The shift toward digital …