Despite its ongoing legal imbroglio with the United States Securities and Exchange Commission (SEC), blockchain payments firm Ripple continues to expand its operations in Europe and Asia. Speaking at the Money 20/20 event in Amsterdam, Ripple’s managing director for Europe and the United Kingdom, Sendi Young, outlined the firm’s growth …

In the rapidly transforming landscape of digital finance, telecom giant Taiwan Mobile Co. is reportedly considering opportunities for collaboration with domestic cryptocurrency platforms. According to Bloomberg,  the company may be poised to venture into investing in this thriving sector. So far, the government-licensed wireless service provider is in preliminary discussions …

Amid the continuous regulatory scrutiny in crypto, there have been a diversified sentiment among different participant groups about the Bitcoin market. According to latest data from data provider Glassnode, long-term holders have remained resilient and unwavering in their commitment, displaying a calm sentiment amid the elevated market distress. Meanwhile, Bitcoin miners …

As the digital asset industry continues to evolve, so too do the regulations designed to govern it. In a recent development, the US House Financial Services Committee has unveiled a revised draft of a stablecoin bill, a product of bipartisan collaboration, and a potential harbinger of comprehensive US crypto regulation. …

In response to the evolving regulatory landscape in Hong Kong, cryptocurrency exchange and derivative trading platform BitMEX has announced the launch of a dedicated mobile app exclusively for its Hong Kong user base. The move aims to comply with the Securities and Futures Commission’s (SFC) efforts to establish appropriate standards …

In an unexpected turn of events, Tornado Cash, a prominent service enabling users to obfuscate cryptocurrency transactions, has fallen victim to a hostile takeover by hackers through a malicious governance proposal. Following the attack, Binance temporarily suspended the deposits of the protocol’s governance token, TORN. The attack, which allowed the …

Amid the continuous downtrend in the non-fungible token (NFT) market trading volume, bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC) has managed to turn its financial misfortune into a remarkable success story. According to a report published by Reuters earlier today, on Friday, Auction house Sotheby’s announced the sale of …

Amid the tussle between the bulls and bears in the crypto market over the past week, the circulating supply of both Bitcoin (BTC) and Ethereum (ETH) has reached record lows, triggering speculation about the potential impact on the cryptocurrency market. Data provided by Santiment reveals a significant decrease in the …

Ethereum gas consumption landscape is transforming significantly as Non-Fungible Token (NFT) marketplaces no longer dominate the network’s gas usage. According to a report by Nansen, a crypto analytics platform, NFTs have fallen behind in doing the most in Ethereum gas fees.  Notably, while Ethereum’s transition to proof-of-stake, in an event known …

The Internal Revenue Service’s (IRS) Criminal Investigation (CI) is taking a bold step in the battle against cybercrime by deploying cyber attachés across four continents. This update was disclosed on Thursday by the regulator. The latest plan focuses on combating tax and financial crimes involving crypto, decentralized finance, peer-to-peer payments, …

The Bitcoin and the altcoins market has since been on a rollercoaster ride over the last few months, with investors looking to make gains at every opportunity, especially with the current trend of the creation of meme coins such as PEPE, AIDOGE, TURBO, and so on. Now, with the Bitcoin …

On Monday, a local news outlet reported that South Korea’s Upbit and Bithumb crypto exchanges are under investigation by the Seoul Southern District Prosecutors Office over suspicions concerning lawmaker Kim Nam-kuk’s digital assets. Officials said they are currently investigating whether Kim used insider information to acquire his massive digital assets …