The Financial Intelligence Unit (FIU) of South Korea, which falls under the Financial Services Commission (FSC), has initiated enforcement action against several cryptocurrency exchanges, including KuCoin and BitMex, for operating in the country without registering as a Virtual Asset Services Provider (VASPs) under South Korea’s Specific Financial Information Act. According to local media reports published…
Unlike the previous trading week, which saw fireworks in the face of massive price crashes to multi-month (and year) lows, this one started a lot calmer and went through fewer fluctuations even though it was just as eventful, if not more. The weekend was expectedly dull as BTC spent it sitting around $84,000 aside from…
The U.S. Department of the Treasury has lifted sanctions against Tornado Cash, a decentralized cryptocurrency mixer, effectively legalizing its use for American citizens. This move reverses the August 2022 sanctions imposed by the Office of Foreign Assets Control, which had accused the platform of facilitating money laundering activities, including transactions linked to North Korea’s Lazarus…
Key Takeaways Strategy plans to raise approximately $711 million for Bitcoin acquisitions and working capital. The released preferred stock offers a 10.00% dividend rate and redemption rights under certain conditions. Share this article Strategy, the business intelligence firm helmed by Michael Saylor, announced Friday it is expecting to raise approximately $711 million in net proceeds…
The argument is that if a USD-backed token were absent, crypto as a whole would be worth far less than the $2.8 trillion it is currently valued at. Without a fluid, highly liquid, multi-chain stablecoin like USDT (Tether), trading and holding crypto would be extremely difficult. No one would be willing to risk holding an…
Yesterday, XRP’s price surged after news broke that the SEC is finally ending its years-long legal battle with Ripple. Meanwhile, amid all the excitement, the new Layer-2 project Solaxy is growing rapidly – its ICO fundraising has now passed the $27 million mark. SEC Drops Appeal Against Ripple as XRP Price Rallies The SEC officially…
Decentralized protocol Zoth was hit by a hack through a compromised contract, and the attacker made off with more than $8 million, quickly turning it into DAI. Zoth, a restaking protocol backed by Borderless and Blockchain Founders Fund, has reportedly suffered a security breach that led to the draining of $8.4 million in assets. According…
Key Takeaways TRON and pump.fun have launched PumpSwap to enhance cross-chain liquidity and accessibility. PumpSwap uses LayerZero and Wormhole protocols for seamless cross-chain interoperability. Share this article Geneva, Switzerland, March 20 2025 – TRON DAO, the community-governed DAO dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps), is thrilled…
A recent report from Swiss blockchain analytics firm Global Ledger revealed that the sanctioned Russian crypto exchange Garantex has resurfaced under the name Grinex. “After the Garantex website was taken down and its wallets were frozen, the sanctioned exchange provides access to crypto services through an alternative platform, Grinex,” said Global Ledger. By mid-March, Grinex…
TL;DR Ethereum remained one of the altcoins that failed to chart a new all-time high during the most recent bull cycle and now stands 50% away from its local peak. However, ETH holders have continuously removed the number of tokens sitting on exchanges, which could suggest that a price rally could finally be around the…
