Tag Archives: News

SafeMoon’s former Chief Technology Officer, Thomas Smith, has pleaded guilty to charges related to a multi-million dollar cryptocurrency fraud scheme. The shocking admission comes as SafeMoon, once a highly popular token, faces mounting legal scrutiny over allegations of deception, fund mismanagement, and investor losses. Smith’s guilty plea adds another layer to the controversy surrounding the project, raising questions about the …

South Korean authorities have re-arrested Jonbur Kim, also known as the ‘Coin King,’ for allegedly orchestrating a $47 million cryptocurrency fraud. Kim, who had previously secured bail, now faces renewed legal trouble as investigators uncover deeper layers of his alleged scheme. His arrest underscores the growing crackdown on crypto-related financial crimes in South Korea. The Rise & Fall of the …

Two major crypto exchanges, Kraken and Crypto.com, are reportedly gearing up to launch their own stablecoins in 2025. As competition in the digital asset space heats up, these new stablecoins could reshape the DeFi landscape, challenging dominant players like USDT and USDC. But what does this mean for traders, institutions, and the broader crypto ecosystem? Why Are Kraken & Crypto.com …

Sam Bankman-Fried (SBF), the disgraced founder of FTX, isn’t staying silent. In a new interview with The New York Sun, he claims that the court’s narrative about his role in FTX’s collapse was misleading. As he awaits sentencing, SBF is pushing back against accusations of fraud, arguing that key details were misrepresented in the trial. But will his defense hold …

Trump Coin, a cryptocurrency tied to the former president’s brand and political movement, is showing signs of significant weakness. With a sharp decline in price action, technical indicators flashing red, and growing fears of token dilution, investors are bracing for potential turmoil. Could a major price collapse be imminent? Bearish Technical Signals Raise Alarm Technical analysts are warning that Trump …

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 …

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, …

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 …

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, …

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 …