Actor Ben McKenzie says crypto is like a ‘Ponzi scheme’
McKenzie says cryptocurrencies resemble an MLM scheme. He calls for the need to better regulate and license this market. Bitcoin is currently up a whopping 80% versus the start of…
Ripple Dives Deeper Into Metaverse With $54 Million Investment In Futureverse
Futureverse, a metaverse infrastructure and content company, has received a $54 million investment round from Ripple and other investors to create an open, scalable, and interoperable infrastructure within the metaverse…
Silvergate Who? Meet The Pennsylvania Bank That’s Taking Crypto By Storm
According to a Bloomberg report, a small Pennsylvania-based bank has emerged as a top choice for crypto businesses, following the collapse of two other crypto-friendly lenders, Silvergate Capital Corp. and…
Shinhan Bank, SCB TechX pilot cross-border stablecoin payments on the Hedera
Shinhan Bank and Siam Commercial Bank’s SCB TechX recorded real-time, low-cost remittances. The pilot on the Hedera network involved cross-border stablecoin payments using South Korean won (KRW), the Thai Baht…
United States SEC officially accepts Valkyrie Spot Bitcoin ETF application
The US SEC has been receiving Bitcoin ETF resubmissions after it rejected previous applications for inadequacy. Valkyrie Bitcoin Fund was the last company to submit a Bitcoin ETF application to…
Celsius Reaches $25 Million Settlement with Series B Holders for GK8 Sale Proceeds Allocation
The Israel-based GK8 was initially acquired by Celsius for $115 million in 2021.
Thodex CEO Sentenced To Prison For Tax Evasion
Farouk Fatih Özer, the former CEO of the now-defunct crypto exchange Thodex, has been sentenced to seven months in jail. The executive was convicted for failing to submit the required…
XRP Makes Its Way To Injective Ecosystem As IIP-238 Passes
In a momentous decision, the Injective community has voted in favor of IIP-238, a proposal that solidifies the integration of XRP into the expanding Injective ecosystem. This groundbreaking collaboration between…
Scarce Open Market Supply of Top Two Gold Tokens as Concentration Levels Run High Among Top Holders
Over the last six months, the value of an ounce of gold has witnessed a 3.8% surge in relation to the U.S. dollar. Within the realm of cryptocurrencies, there exist…
South Korea’s Oldest Bank Completes Stablecoin Trial On Hedera Network
Shinhan Bank, one of the oldest banks in South Korea, has announced the successful completion of a stablecoin remittance test on Hedera’s open-source public network. This trial was carried out…