Business News
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Bithumb Sets Sights on Becoming the First Crypto Exchange to Go Public in South Korea
In a historic move for the crypto industry, South Korea’s Bithumb, the country’s second-largest cryptocurrency exchange by trading volume, is…
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BlackRock’s Ethereum ETF Plans Propel ETH Value Over $2,100
Global asset management leader, BlackRock, has intensified its plans to release an exchange-traded fund (ETF) for Ethereum, according to a…
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ARK Invest Acquires $9.5M Worth of Robinhood Shares After European Expansion Announcement
ARK Invest, the investment firm headed by Bitcoin advocate Cathie Wood, has been steadily acquiring shares of Robinhood, a crypto-friendly…
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Ripple Expands Global Payment Services, Announces New Partnership with Onafriq
Ripple, a prominent cryptocurrency firm, has announced at its Ripple Swell event in Dubai the launch two major initiatives to…
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Investment Firm Proof Group Throws Hat into the Ring for FTX Relaunch
Proof Group, a notable player in the crypto sector, has emerged as one of the potential bidders aiming to revive…
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Blockpit Acquires Accointing in Multi-Million Dollar Deal
Blockpit, a leading Austrian crypto tax software company, has recently made a significant stride in expanding its market reach by…
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Kraken Eyes Layer 2 Blockchain Network In Pursuit of Coinbase’s Footsteps
Kraken is reportedly considering launching its own Layer 2 network, mirroring the strategic move made by Coinbase earlier in the…
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Germany’s DZ Bank Launches Pioneering Digital Asset Custody Platform
Germany’s DZ Bank, ranking third in asset size, has pioneered the integration of blockchain into conventional banking with its digital…
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FTX Bankruptcy Seeks Court Approval to Liquidate $744 Million in Grayscale and Bitwise Trust Assets
Bankrupt cryptocurrency exchange FTX, aims to sell its Trust assets worth $744 million, as per a court filing dated Nov.…
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Hong Kong Eyes Enabling Retail Access to Spot Crypto ETFs
The Securities and Futures Commission (SFC) of Hong Kong is reassessing its approach to retail investments in spot crypto Exchange…
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Coinbase Slashes Q3 Loss, Outperforms Amid Market Challenges
In a cryptocurrency market witnessing shrinking trading volumes and reduced volatility, Coinbase has delivered a notable financial performance. The exchange…
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SEC Pushes for Summary Judgment in High-Profile Terraform Case
The Securities and Exchange Commission (SEC) has sharpened its legal strategy against Terraform Labs and its CEO Do Kwon by…
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Block’s Earnings Soar with CashApp Drive, Bitcoin Revenue Jumps 37.5%
In a compelling financial turnaround, Block, founded by Jack Dorsey, reported a 37.5% surge in Bitcoin revenue, hitting $2.42 billion…
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XRP Gains Ground with Official Endorsement from Dubai’s Financial Authority
In a notable advance for Ripple’s XRP, the Dubai Financial Services Authority (DFSA) has officially approved the cryptocurrency for use…
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PayPal’s Stablecoin Is Under SEC Scrutiny
PayPal has entered a critical phase in its digital currency venture with the SEC scrutinizing its PYUSD stablecoin, according to…
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Premier Swiss Bank Enters the Cryptocurrency Sphere with SEBA Partnership
In a landmark initiative indicative of digital currencies’ growing legitimacy in finance, St. Galler Kantonalbank (SGKB), with roots stretching back…
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Rayn, Formerly Akt.io: Ushering in a Bold New Financial Era
Rayn is making a splash in the FinTech scene, breathing new life into personal financial management. Previously known as Akt.io,…
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Adidas x Bugatti: Exclusive Football Boots Hit Web3 Auction
Adidas and Bugatti have joined forces to introduce the Adidas X Crazyfast Bugatti, a pair of football boots limited to…
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BitGo Enhances European Presence with German Cryptocurrency Custody License
U.S.-regulated cryptocurrency custody giant BitGo has marked a significant milestone in its European expansion, obtaining a cryptocurrency custody license from…
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Turkey Propels Its Crypto Reform to Exit FATF’s Grey List
In a crucial move to strengthen its financial system, Turkey is on the cusp of bringing forward new cryptocurrency legislation…
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Circle Shuts Down Consumer Accounts
Circle, the issuer of stablecoins like USDC and EURC, is ending support for legacy consumer Circle Mint accounts as of…
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Backpack Takes a Bold Step with New Dubai-Licensed Exchange
Backpack, known for its Web3 digital wallet, is set to reshape Dubai’s cryptocurrency landscape with the introduction of its newly…
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Unibot Falls Victim to Token Exploit: A Swift Response Ensures User Security
In an unfortunate turn of events, Unibot, a widely used Telegram trading bot, has encountered a severe security breach known…
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Kasikorn Bank Takes a Giant Leap into Crypto with Satang Acquisition
In a transformative move, Kasikorn Bank (K-Bank), one of Thailand’s leading banks, has decisively entered the digital asset space through…
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Ripple CEO Criticizes Former SEC Chair for Hypocrisy and Abuses of Power
Brad Garlinghouse, Ripple’s CEO, has openly criticized Jay Clayton, the former SEC Chairman, accusing him of hypocrisy and power abuses.…
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Mastercard and MoonPay Forge Ahead in Web3 and Experiential Marketing Innovation
Global payment leader Mastercard has embarked on a novel collaboration with the crypto payment platform, MoonPay, to explore the vast…
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JPMorgan’s JPM Coin Hits $1 Billion Daily Transactions, Explores Retail Horizon
In a remarkable development, Takis Georgakopoulos, JPMorgan’s global head of payments, unveiled that the bank’s digital token, JPM Coin, is…
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FTX Transfers Over $10M in Assets Amidst Possible Relaunch
FTX, the once-prominent crypto exchange that is now defunct, has transferred more than $10 million in digital assets to major…
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Banco de España Supports the Introduction of the Digital Euro
Spain’s central bank, Banco de España, has joined the collaborative efforts of European central banks in embracing the digital euro,…
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Ledger Launches “Recover”, Offering Cloud-Based Private Key Recovery For Crypto Wallet
French cryptocurrency hardware wallet manufacturer, Ledger, has officially launched its controversial new service named “Recover.” This backup option for users’…
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