Tag Archives: News

Raiffeisen Bank International (RBI), one of Austria’s largest financial institutions, has made a significant multi-million euro investment in a local crypto tax software provider. This move highlights the growing intersection between traditional banking and the cryptocurrency sector, as regulatory compliance becomes a top priority for financial institutions and digital asset investors. Strengthening Crypto Tax Compliance As the global regulatory landscape …

Bithumb, one of South Korea’s largest cryptocurrency exchanges, has cleared a major legal hurdle, paving the way for its long-anticipated initial public offering (IPO). The exchange, which has faced regulatory scrutiny and legal challenges in recent years, is now intensifying its efforts to go public, potentially becoming the first South Korean crypto exchange to achieve this milestone. Legal Victory Strengthens …

Paul Grewal, Chief Legal Officer of Coinbase, has criticized the U.S. Treasury Department for allegedly disregarding a court ruling related to the delisting of Tornado Cash. The controversy centers around the Treasury’s continued enforcement actions against the crypto mixing service despite a legal challenge questioning the legitimacy of its sanctions. The Legal Battle Over Tornado Cash Tornado Cash, a decentralized …

Crossmint, a leading provider of blockchain infrastructure for digital assets and payments, has secured $23.6 million in a funding round led by Ribbit Capital. The investment aims to accelerate the company’s expansion into AI-powered commerce, leveraging its blockchain expertise to enhance digital transactions and streamline payment solutions. Driving Innovation at the Intersection of AI and Blockchain Crossmint has built a …

Sberbank, Russia’s largest bank, has introduced a blockchain-powered Cocoa Index Token on the Moscow Exchange, marking a significant step in the tokenization of commodities. This initiative aims to provide investors with a more efficient and transparent way to gain exposure to cocoa prices, leveraging blockchain technology to enhance security, traceability, and market accessibility. Transforming Commodity Trading with Blockchain Commodity markets …

The United States is exploring ways to acquire Bitcoin without burdening taxpayers, according to Republican congressional candidate Bo Hines. The potential move reflects growing interest in digital assets at the federal level, as policymakers seek strategies to integrate Bitcoin into national reserves without direct government spending. Exploring Alternative Bitcoin Acquisition Strategies Hines has suggested that the US could accumulate Bitcoin …

North Korea has reportedly surpassed El Salvador in Bitcoin holdings following a major cyberattack on the cryptocurrency exchange Bybit. The attack, which resulted in the theft of a significant amount of digital assets, is believed to be linked to North Korean state-backed hackers, further solidifying the regime’s reliance on crypto theft to fund its operations. The Bybit Hack and Its …

The Bank of Russia is set to begin testing smart contract functionalities for the digital ruble in Tatarstan, marking a significant step toward the country’s broader adoption of central bank digital currency (CBDC). This initiative aims to assess the potential of programmable payments and automated transactions in real-world business settings. Smart Contracts in the Digital Ruble Ecosystem Smart contracts are …

Cryptocurrency exchange Gemini has appointed a new Chief Financial Officer (CFO) as it positions itself for a potential initial public offering (IPO). The leadership change comes at a pivotal time for the company, which is navigating a rapidly evolving regulatory landscape while expanding its global presence. A Strategic Leadership Move Gemini, founded by Cameron and Tyler Winklevoss, has been steadily …

Solana has removed a recently released advertisement following intense criticism from the crypto community. The ad, which was intended to promote the blockchain’s growing ecosystem, was widely panned for being “offensive” and “cringe,” sparking a wave of negative reactions on social media. Community Outrage Over the Ad Shortly after its release, the ad faced immediate backlash, with many users calling …