Latest News

21 February

ByBit Fraudster Ho Kai Xin Sentenced to Nearly a Decade for Multi-Million Dollar Scam

Ho Kai Xin, a former employee of crypto exchange ByBit, has been sentenced to nearly 10 years in prison for orchestrating a multi-million dollar fraud scheme. The conviction comes after authorities uncovered her embezzlement of millions in company funds, marking one of the most high-profile crypto-related fraud cases in recent years. The Fraud Scheme: How It Happened According to court …

21 February

ECB Eyes Blockchain for Faster, Secure Central Bank Settlements

The European Central Bank (ECB) is exploring a blockchain-based payment system aimed at enhancing the efficiency and security of central bank settlements. This initiative underscores the ECB’s commitment to modernizing financial infrastructure while ensuring faster and more transparent transactions within the Eurozone’s banking system. Why Blockchain for Central Bank Settlements? Traditional central bank settlement systems rely on legacy financial networks, …

21 February

BitFuFu Expands U.S. Footprint with Data Center Acquisition in Oklahoma

Leading cryptocurrency mining firm BitFuFu has announced the acquisition of a data center in Oklahoma, marking a major expansion of its operations in the United States. This move strengthens BitFuFu’s presence in North America and aligns with its strategy to secure reliable infrastructure for Bitcoin mining amid increasing global regulatory scrutiny. Why Oklahoma? Oklahoma has emerged as a strategic hub …

21 February

KuCoin Seeks EU Compliance, Files MiCA Application in Austria

Leading cryptocurrency exchange KuCoin is taking a significant step toward regulatory compliance in Europe by filing for a Markets in Crypto-Assets (MiCA) license in Austria. This move aligns with the European Union’s new crypto regulations, aimed at creating a standardized framework for digital asset platforms operating within the region. KuCoin’s Push for Regulatory Approval By applying for a MiCA license, …

21 February

Altvest Capital Dives into Bitcoin: South African Firm Joins Institutional Crypto Wave

In a landmark move for South Africa’s financial sector, Altvest Capital has made its first Bitcoin investment, signaling a growing shift among institutional investors toward cryptocurrency. The decision aligns Altvest with a broader global trend of traditional firms integrating Bitcoin into their portfolios as a hedge against inflation and a bet on digital assets’ long-term value. Why Altvest Capital Is …

21 February

”Javier Milei-Linked Libra Token Hit by $99M Team Wallet Exodus: Report”

A new controversy has erupted in the crypto space as reports suggest that $99 million worth of Libra Token, a cryptocurrency linked to Argentinian President Javier Milei, was withdrawn from team-controlled wallets. The sudden outflow has raised concerns about the project’s transparency, prompting speculation about insider activity and its potential impact on investors. What Happened? According to blockchain analytics reports, …

21 February

Ross Ulbricht Pushes for Clemency for ‘Bitcoin Jesus’ Roger Ver Amid Tax Evasion Case

Ross Ulbricht, the imprisoned founder of Silk Road, is advocating for clemency for Roger Ver, the early Bitcoin investor known as “Bitcoin Jesus.” Ver, who was recently detained in Spain over tax evasion charges, now faces extradition to the United States. Ulbricht’s public support adds a new twist to the high-profile case, drawing attention to issues of financial freedom and …

21 February

Franklin Templeton Launches ‘EZPZ’ ETF, Blending Bitcoin & Ethereum for Easy Crypto Exposure

Global asset management giant Franklin Templeton is making waves in the crypto space with the launch of its latest exchange-traded fund (ETF), ‘EZPZ’, designed to provide balanced exposure to Bitcoin (BTC) and Ethereum (ETH). The move underscores the growing institutional interest in digital assets and offers investors a simplified way to gain diversified crypto exposure. What Is the ‘EZPZ’ ETF? …

21 February

South Korea’s Tax Agency Probes Upbit and Altcoin Issuers in Crackdown

South Korea’s National Tax Service (NTS) has launched an investigation into Upbit, the country’s largest cryptocurrency exchange, along with several small-cap altcoin issuers. The probe is reportedly focused on tax compliance, potential illicit activities, and market manipulation concerns. This marks yet another regulatory push as South Korea tightens its oversight of the crypto industry. Why Is Upbit Under Investigation? According …

21 February

Canary’s Spot Litecoin ETF Hits DTCC List as SEC Decision Looms

In a major step toward potential approval, Canary’s Spot Litecoin ETF has been added to the Depository Trust & Clearing Corporation (DTCC) list, signaling growing anticipation for regulatory clearance from the U.S. Securities and Exchange Commission (SEC). The move suggests that market infrastructure is being prepared for the ETF’s possible launch, fueling speculation about broader institutional adoption of Litecoin (LTC). …