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3 January

California Resident Sues Asian Banks for $1M Crypto Scam Loss

A California resident has filed a lawsuit against three Asia-based banks, claiming that they failed to prevent a crypto scam that resulted in a staggering $1 million loss. The lawsuit, filed in a U.S. district court, sheds light on the growing concern over the role financial institutions play in safeguarding their customers from fraudulent crypto activities and the responsibilities they …

3 January

South Korean Stock Exchange Considers Green Light for Crypto Spot ETFs

The South Korean Stock Exchange (KRX) is reportedly exploring the approval of cryptocurrency spot exchange-traded funds (ETFs), signaling a potential leap forward for digital asset integration into the country’s financial markets. This move could position South Korea as a regional leader in regulated crypto investment products, offering new opportunities for investors seeking exposure to digital assets. What Are Crypto Spot …

3 January

Crypto Takes Center Stage: ETF Issuers Gear Up for New Funds in 2025

The world of finance is set for another shake-up as major ETF issuers prepare to launch a wave of crypto-centric funds in 2025. According to a recent report, these funds aim to provide investors with innovative ways to gain exposure to the ever-evolving cryptocurrency market, signaling growing mainstream acceptance of digital assets. A New Era for ETFs Exchange-traded funds (ETFs) …

3 January

Do Kwon Pleads Not Guilty to U.S. Fraud Charges After Montenegro Extradition

Do Kwon, the co-founder of Terraform Labs and the architect behind the ill-fated Luna cryptocurrency, has pleaded not guilty to fraud charges in the United States following his extradition from Montenegro. This legal development marks a significant chapter in a long-running saga that has shaken the crypto world, especially in light of the collapse of TerraUSD (UST) and its associated …

3 January

BlackRock’s Bitcoin ETF Faces Unprecedented $330M Outflow on January 2

BlackRock’s Bitcoin ETF witnessed a record-breaking $330 million in outflows on January 2, marking a surprising shift in investor sentiment at the start of the year. The move comes amid growing uncertainty in the cryptocurrency market, leaving analysts speculating about the underlying factors driving this massive liquidation. The Largest Single-Day Outflow to Date The $330 million withdrawal represents the largest …

3 January

Telegram Unwraps NFT-Powered Collectible Gifts in New Update

Telegram has once again pushed the boundaries of digital communication by introducing NFT-enabled collectible gifts in its latest app update. This innovative feature seamlessly combines the power of blockchain technology with the platform’s signature focus on user interaction, making Telegram a forerunner in integrating Web3 solutions into messaging apps. What’s New? The update enables users to send and receive unique, …

2 January

Federal Bank Transforms Corporate Banking Landscape with FedOne™ powered by Nucleus Software’ FinnAxia

Federal Bank, one of India’s leading private sector banks has taken a step forward in its digital transformation journey with the successful launch of FedOne™. The bank has implemented Nucleus Software’s cutting-edge transaction banking platform FinnAxia®. This partnership signifies a transformative moment in modernizing Federal Bank’s corporate banking services, focusing on delivering exceptional value to corporate and SME customers. The implementation of this …

1 January

MicroStrategy Shares Drop 46% Since November Peak Amid Bitcoin Debt Strategy Concerns

MicroStrategy, the business intelligence giant that has become synonymous with its massive Bitcoin holdings, is facing a significant decline in its stock value, with shares falling by 46% since their peak in November 2024. This drop has raised concerns about the company’s controversial strategy of using debt to fund its Bitcoin acquisitions, particularly as Bitcoin’s volatility continues to impact the …

1 January

Binance Labs Set for 2025 Rebrand, CZ to Take More Active Role

Binance Labs, the venture capital arm of the world’s largest cryptocurrency exchange, is gearing up for a significant rebrand in 2025. The company, which has been a major player in funding blockchain projects and startups, will undergo a transformation aimed at refining its identity and strengthening its position within the evolving crypto ecosystem. Central to this rebranding effort is Binance …

1 January

Vitalik Buterin Donates $170K in ETH to Aid Tornado Cash Developers’ Legal Battle

Vitalik Buterin, the co-founder of Ethereum, has donated a significant sum of $170,000 in Ethereum (ETH) to support the legal defense of the Tornado Cash developers. The donation comes in response to the ongoing legal challenges faced by the creators of Tornado Cash, a decentralized privacy tool that has come under scrutiny by U.S. authorities. Buterin’s contribution highlights his commitment …