Tech

18 March

Canary Capital Seeks Green Light for Sui-Based Crypto ETF

Canary Capital Group has officially filed for regulatory approval to launch an exchange-traded fund (ETF) based on Sui, a rapidly growing blockchain network. If approved, the ETF would provide investors with regulated exposure to the Sui ecosystem, marking a significant milestone for the blockchain’s adoption in traditional finance. Bringing Sui to Institutional Investors Sui, a Layer 1 blockchain developed by …

18 March

Cumberland Subsidiary Secures MAS Approval for Singapore MPI License

Cumberland, a leading cryptocurrency trading firm, has announced that its Singapore-based subsidiary has received approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This regulatory milestone strengthens Cumberland’s presence in the Asia-Pacific region and reinforces Singapore’s status as a global hub for digital asset innovation. What the MPI License Means The MPI license allows …

18 March

Spanish Police Bust $32.6M Bitcoin-Themed Crypto Pyramid Scheme

Spanish authorities have dismantled a massive cryptocurrency pyramid scheme that defrauded investors of approximately $32.6 million. The scam, which used Bitcoin branding to lure victims, promised high returns through crypto investments but operated as a fraudulent multi-level marketing scheme. How the Scam Operated According to Spain’s National Police, the operation ran under the guise of a legitimate crypto investment firm, …

18 March

Bitcoin Bull Run Ends? CryptoQuant CEO Predicts 6-12 Month Bear Cycle

According to CryptoQuant CEO Ki Young Ju, Bitcoin’s bull cycle has likely come to an end, with the market entering a potential 6 to 12-month bearish phase. His analysis, based on on-chain data and market trends, suggests that investors should brace for a prolonged correction before the next major rally. Why CryptoQuant Predicts a Bearish Trend Ki Young Ju’s outlook …

17 March

Russian Crypto Miners Pivot to Dogecoin: A New Frontier?

As the cryptocurrency landscape continues to evolve, Russian crypto miners are shifting their focus toward an unexpected player—Dogecoin (DOGE). Known originally as a meme coin, Dogecoin has grown into a serious asset, attracting miners looking for new profit avenues amid tightening regulations and market shifts. Why Dogecoin? Dogecoin, which operates on a proof-of-work (PoW) system similar to Bitcoin but with …

17 March

Debiex Fined $2.5M: CFTC Uncovers Shocking Crypto Romance Scam

The Commodity Futures Trading Commission (CFTC) has ordered crypto platform Debiex to pay $2.5 million in penalties after uncovering its alleged involvement in a romance scam operation. The enforcement action highlights the growing threat of fraud in the digital asset space and the increasing scrutiny from regulators. The Allegations Against Debiex According to the CFTC, Debiex lured unsuspecting victims—many of …

17 March

OKX Suspends DEX Aggregator as EU Probes Bybit Hack Laundering Claims

In a dramatic move, leading crypto exchange OKX has halted its decentralized exchange (DEX) aggregator amid growing scrutiny from European regulators. The suspension comes as authorities investigate allegations that funds from the Bybit hack were laundered through decentralized platforms. Regulatory Scrutiny and the Bybit Hack Connection The Bybit hack, which resulted in the theft of millions in digital assets, has …

17 March

Kevin O’Leary Predicts Crypto’s Future: ‘It Will Infiltrate Every Sector’

Renowned investor and Shark Tank star Kevin O’Leary has once again voiced his strong support for cryptocurrency, predicting that digital assets will eventually become a fundamental part of every industry. In a recent interview, O’Leary emphasized that blockchain technology and crypto adoption are inevitable, despite regulatory hurdles and market volatility. Crypto’s Expanding Influence According to O’Leary, also known as “Mr. …

17 March

Capital.com Offloads Currency.com to CXNEST-Led Investors in Landmark Deal

In a major shake-up in the fintech space, Capital.com has finalized the sale of its crypto trading platform Currency.com to a group of investors led by CXNEST. The deal, which took 18 months to complete, marks a strategic shift for both parties as they look to refine their market focus. A Strategic Move for Capital.com Capital.com, a leading global trading …

17 March

South Korea’s Central Bank Dismisses Bitcoin Reserve Plans Amid Skepticism

The Bank of Korea (BOK) has dismissed the idea of establishing a strategic Bitcoin reserve, signaling its cautious stance on integrating cryptocurrencies into the country’s financial system. The central bank’s negative outlook comes amid a growing global debate on whether nations should hold Bitcoin as a reserve asset, similar to gold. Why Is South Korea Rejecting a Bitcoin Reserve? Despite …