Cryptocurrency News

31 March

Kalshi Sues Nevada & New Jersey Over Sports Contract Ban

Prediction market platform Kalshi has filed a lawsuit against the states of Nevada and New Jersey, challenging their bans on sports-related contracts. The legal action comes after regulatory pushback against Kalshi’s efforts to offer markets on political and sports outcomes. Kalshi, which operates under approval from the Commodity Futures Trading Commission (CFTC), argues that the bans unfairly restrict its ability …

31 March

Binance’s CZ Pledges 500 BNB to Thailand & Myanmar After Quake

Binance founder and former CEO Changpeng Zhao (CZ) has announced a donation of 500 BNB each to Thailand and Myanmar in response to the recent earthquake that struck the region. The pledge aims to provide immediate support to affected communities as they recover from the disaster. The earthquake, which caused significant damage in parts of both countries, has left many …

31 March

FTX to Start Creditor Repayments on May 30 After 27-Month Battle

FTX is set to begin repaying its creditors on May 30, marking a significant step in resolving its lengthy bankruptcy process. The repayments come after 27 months of legal proceedings following the exchange’s dramatic collapse in November 2022. According to court filings, the distribution will prioritize customers and creditors based on an approved restructuring plan. While the exact payout amounts …

31 March

Sonic Labs Swaps Dollar-Pegged Stablecoin for UAE Dirham Version

Sonic Labs has announced a shift from its dollar-pegged algorithmic stablecoin to a version backed by the UAE dirham (AED), signaling a strategic move in response to evolving market conditions and regional demand. The decision comes amid growing interest in non-USD stablecoins, particularly in emerging markets where local currency-backed digital assets can enhance financial accessibility and reduce reliance on the …

31 March

Metaplanet Issues $13M in Zero-Interest Bonds to Buy More Bitcoin

Metaplanet, a Japan-based investment firm, has issued $13 million worth of zero-interest bonds to expand its Bitcoin holdings. The move highlights the company’s aggressive strategy to increase its exposure to the digital asset while leveraging innovative financing methods. The zero-interest bonds, which do not carry traditional interest payments, provide Metaplanet with capital at minimal cost. This allows the firm to …

31 March

South Korean Court Sentences Three in Crypto Scam Case

A South Korean court has sentenced three individuals for their involvement in a large-scale cryptocurrency scam, highlighting the country’s crackdown on fraudulent digital asset schemes. The convicted members were found guilty of defrauding investors through deceptive crypto investment promises. According to court documents, the scam involved luring victims with the promise of high returns on cryptocurrency investments. The perpetrators used …

31 March

MARA Plans $2B Stock Sale to Boost Bitcoin Reserves, Expand Servers

Bitcoin mining firm Marathon Digital Holdings (MARA) has announced plans to raise up to $2 billion through a stock sale, aiming to increase its Bitcoin holdings and invest in new mining infrastructure. The move underscores the company’s commitment to scaling operations amid growing competition in the industry. According to filings with the U.S. Securities and Exchange Commission (SEC), MARA intends …

31 March

Gazprom Unveils Blockchain-Powered Digital Assets Initiative

Russian energy giant Gazprom has launched a blockchain-powered digital assets initiative, marking a significant step in its adoption of decentralized technology. The move is aimed at enhancing transparency, efficiency, and security in the company’s operations while exploring new financial instruments. Gazprom’s digital assets platform is designed to tokenize various forms of value, including energy-related assets, financial contracts, and supply chain …

31 March

Japan to Classify Crypto as Financial Products, Crack Down on Insider Trading

Japan is set to reclassify cryptocurrencies as financial products, a move that will subject digital assets to stricter regulations, including insider trading restrictions. The decision aims to enhance investor protection and align crypto markets with traditional financial instruments. According to reports, Japan’s Financial Services Agency (FSA) is working on regulatory changes that will bring cryptocurrencies under the same legal framework …

31 March

New ‘Crocodilus’ Malware Targets Crypto Wallets on Android: Report

Cybersecurity researchers have identified a new Android malware, dubbed “Crocodilus,” that is designed to steal sensitive cryptocurrency wallet credentials. The malware poses a significant threat to crypto investors by targeting login details, private keys, and other security information stored on mobile devices. According to the research, Crocodilus spreads through malicious apps disguised as legitimate crypto-related tools, such as wallet managers …