Binance, the world’s leading cryptocurrency exchange, recently assisted the Royal Thai Police to dismantle an extensive criminal network, leading to the recovery of over $270 million, which marks one of the largest victories against cryptocurrency-related crime. … [Read more...] about Binance and Royal Thai Police unite to dismantle crypto scam and recover over $270 million
MetaMask bridges the crypto-fiat gap with new cash-out feature
In a defining move, MetaMask, the renowned Ethereum-based crypto wallet, has rolled out a feature allowing users to seamlessly convert their cryptocurrency into fiat currency and transfer it directly to their bank accounts or PayPal. This move comes as the digital currency realm witnesses a massive surge in mainstream adoption. … [Read more...] about MetaMask bridges the crypto-fiat gap with new cash-out feature
Grayscale gains momentum: court decision paves way for first spot bitcoin ETF
A significant legal milestone has been achieved that could soon lead to the debut of the first spot Bitcoin ETF. Grayscale, a leading cryptocurrency asset management company, has secured a pivotal court ruling in its favor against the U.S. Securities and Exchange Commission (SEC). … [Read more...] about Grayscale gains momentum: court decision paves way for first spot bitcoin ETF
PayPal introduces PYUSD, its own US dollar-backed stablecoin
In a bold move into the burgeoning world of digital assets, global payment giant PayPal has announced the launch of PYUSD, its own U.S. dollar-backed stablecoin, according to an official press release. The PYUSD stablecoin is positioned as an essential building block in PayPal’s broader strategic push into the cryptocurrency sector. … [Read more...] about PayPal introduces PYUSD, its own US dollar-backed stablecoin
Tether announces soaring Q2 profits amid US treasuries exposure
Tether, a trailblazing stablecoin issuer, has recently reported an impressive profit of $850 million for the second quarter of the year. This announcement comes amid Tether's significant exposure to US Treasuries, with the company revealing a staggering $72 billion holding in these government bonds. … [Read more...] about Tether announces soaring Q2 profits amid US treasuries exposure
Crypto.com gains foothold in the Netherlands with regulatory nod
Crypto.com, a globally recognized cryptocurrency platform, has attained a significant milestone in its quest for global expansion. Recently, the company secured registration approval to offer its services in the Netherlands. … [Read more...] about Crypto.com gains foothold in the Netherlands with regulatory nod
RFK Jr. advocates for bitcoin-backed dollar and tax abolition
In a recent groundbreaking announcement, Robert F. Kennedy Jr. (RFK Jr.) has suggested a revolutionary approach to modern financial systems – the backing of the US dollar with Bitcoin. This unprecedented move, as reported by TheStreet, would not only give a new foundation to the world's most used currency but also align it with the digital age's most prominent cryptocurrency. … [Read more...] about RFK Jr. advocates for bitcoin-backed dollar and tax abolition
US court rules XRP is not a security
In a landmark judgment that has sent ripples across the cryptocurrency world, a U.S. court has ruled that XRP, the digital token associated with Ripple Labs, is not a security. This determination concludes a lengthy lawsuit pursued by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs. … [Read more...] about US court rules XRP is not a security