SoftBank and Ark to Join in Tether’s $20B Funding Round.
Tether, the company behind the world’s largest stablecoin, is preparing for a fund raising round and SoftBank Group and Ark Investment Management are looking to join, but final commitments have…
Big Banks Join UK Finance to Test Tokenized Deposits Pilot.
UK Finance has launched a live pilot for tokenized sterling deposits (GBTD) as part of efforts to test digital forms of commercial bank money involving six of the country’s biggest…
Canada’s FINTRAC Fines KuCoin $14M for AML Violations.
Canada’s financial crime watchdog, FINTRAC, has hit crypto exchange KuCoin with a record 19.5 million Canadian dollars ($14 million) fine for failing to follow anti-money laundering (AML) rules. In an…
India’s IT Department Uncovers $19M Crypto Fraud Targeting Farmers.
The Income Tax (IT) Department has unwrapped a fraudulent crypto scheme in the southern states of Telangana and Andhra Pradesh. The scheme involved identity theft, where the fraudsters used the…
Whales Eye Plasma’s XPL Token A Day After Its Launch.
Whales are rushing into Plasma’s XPL token after launch, while profit-taking and uncertain trader sentiment raise chances of volatile price moves ahead. Whales are rushing to buy Plasma’s XPL token…
Crypto Worth $1.12B Liquidated as Market Goes Red.
The cryptocurrency market witnessed one of its sharpest corrections today, with over $1.12 billion worth of liquidations occurring across all major exchanges in the last 24 hours. The sell-off was…
Woman Wins $150K Lottery Using Chatgpt— And Plans To Donate It To Charity.
In a remarkable story of generosity and gratitude, a woman who recently won the lottery has announced that she plans to donate every penny to charity. Carrie Edwards, a resident…
Millions Liquidated after Ethereum Price Drops 4.2% in 24 Hrs.
Cryptocurrency, took a sharp hit on Wednesday, losing about 4.28% in a single day and trading near $4,003.05, after it crashed to $3,966. The broader crypto market also fell 1.35%,…
Australia’s ASIC Proposes Regulatory Framework for Crypto Platforms.
Australia’s Asic Proposes Regulatory Framework For Crypto PlatformsAustralia has proposed a regulatory framework to inculcate financial services laws for the crypto industry. The primary aim of this regulation is to…
Crypto Exchange Gate Unveils Its Own Layer 2
Gate, a leading cryptocurrency exchange, has unveiled its proprietary Layer 2 (L2) network dubbed Gate Layer. The launch of this L2 coincides with a significant upgrade to the tokenomics of…