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1 year agoBrazil Pushes for IMF Quota Reform, Could Bitcoin Balance Global Inequality?
The Brazilian government is calling for a redistribution of IMF funding quotas to better represent the interests of developing countries. Brazil is pushing for this change during the upcoming IMF meeting, citing…
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1 year agoRipple Wins Big Awards for CBDC Innovation and Sustainable Fintech
Ripple, a prominent fintech company, recently earned two awards at the Future Digital Awards for Fintech & Payments 2023. The company was celebrated for its “Sustainability in Fintech Innovation of the Year” and…
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1 year agoVC Spectra (SPCT) Offers 82% Gains During Presale
XRP (XRP) and Dogecoin (DOGE) have recently seen bullish rallies, while VC Spectra (SPCT) has emerged as a promising beginner cryptocurrency, having raised $2.4 million in its private sale. XRP’s price could r…
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1 year agoProject Atlas: Central Banks Collaborate to Monitor Cryptocurrency Flows
The Bank of International Settlements (BIS) has announced a collaboration with major European central banks to launch Project Atlas, a groundbreaking tracking system for the burgeoning world of cryptocurrencies and…
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1 year agoWirex Launches Zero-Knowledge Proofs-Based Crypto Debit Card Service
Wirex, a crypto payment service provider, has launched W-Pay, a zero-knowledge proofs-based non-custodial crypto debit card service. W-Pay is built on Polygon’s Chain Development Kit (CDK) and promises increased s…
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1 year agoEmployees at FTX Discovered Backdoor Allowing Billions in Customer Funds to be Withdrawn
FTX, a crypto derivatives exchange, has been accused of allowing Alameda Research to withdraw billions in customer funds through a backdoor in the exchange. According to a Wall Street Journal report, some of…
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1 year agoTrial of FTX CEO Sam Bankman-Fried Unveils Alleged Deceit
The trial against Sam Bankman-Fried, the CEO of the FTX crypto exchange, is underway in Manhattan’s federal courthouse. Marc-Antoine Julliard, a London-based commodities trader, testified that he was lured in by F…
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1 year agoBitcoin Price Forecast: Bullish Momentum Could Push BTC to $30,000
Bitcoin (BTC) price has once again started to rise after crossing the moving average lines. The largest cryptocurrency is currently trading above the moving average lines or in the uptrend zone. The recent price…
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1 year agoProject Atlas: Exploring the Economic Implications of Cryptocurrency and DeFi
Project Atlas is a collaborative initiative between the Bank of International Settlements (BIS) and central banks within the Eurosystem, aimed at researching and developing crypto and blockchain technology. The…
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1 year agoFTX Drainer Moves 60,000 ETH in Fresh Wave of Money Transfers
A notorious FTX account drainer has caused significant disruption in the crypto community by transferring a total of 60,000 ETH from 4 wallet addresses since late September. Reports indicate that the wallets that…
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1 year agoXRP Leads Crypto Market Following Ripple's Court Victory, Raydium and Verosity Follow
XRP has become the top trending cryptocurrency following Ripple’s court victory against the SEC, with its price peaking at $0.55. Lesser-known cryptocurrencies Raydium (RAY) and Verosity (VRA) take the second and t…
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1 year agoSam Bankman-Fried Fraud Trial Begins in Manhattan Court
Sam Bankman-Fried, the former CEO of FTX, is currently facing a six-week trial with seven charges related to fraud and conspiracy to commit fraud. If convicted, he could face over 100 years in prison. On the first…
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1 year agoSEC Rejects Ripple's Plea for Interlocutory Appeal in $700 Million Case
The federal court, led by Judge Analisa Torres, recently rejected the SEC’s plea for an interlocutory appeal in their litigation against Ripple. This decision maintained that XRP is not a security, and Ripple is f…
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1 year agoSEC Delays BlackRock's Spot Bitcoin ETF, But Approval Could Come Within 3-6 Months
The world’s largest asset manager BlackRock created a stir in the crypto market when it filed for a spot Bitcoin ETF in June 2023. However, the U.S. Securities and Exchange Commission (SEC) recently delayed the a…
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1 year agoRipple Wins SEC Case, Unveils Fraud Prevention Feature, Shiba Inu Warns of Fake Airdrop
Ripple has had a successful couple of days, winning a second case against the United States Securities and Exchange Commission (SEC) and being featured in a prestigious Fintech 100 list. The court ruling from July…
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1 year agoLondon Cocoa Beans Trader Testifies Against FTX Founder SBF at Trial
Marc-Antoine Julliard, a London-based cocoa beans trader, was the first witness to testify against Sam Bankman-Fried (SBF), the founder and former CEO of the bankrupt cryptocurrency exchange FTX. Julliard had…
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1 year agoFour Friend.Tech Users Lose $385,000 in SIM-Swap Attacks
ZachXBT, a cryptocurrency news outlet, reported that four Friend.Tech users lost a total of $385,000 to SIM-swap attacks. SIM-swap attacks are a type of cybercrime in which a hacker takes control of a victim’s p…
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1 year agoEl Salvador Pioneers Renewable Bitcoin Mining Pool with Lavapool
El Salvador is pioneering a novel approach to Bitcoin mining with the launch of “Lavapool”, a mining pool powered by renewable energy. The ambitious project, spearheaded by Volcano Energy, seeks to establish a nat…
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1 year agoStellar Development Foundation Publishes Framework to Enhance Financial Inclusion
The Stellar Development Foundation has released a financial inclusion framework that provides insights into the role of blockchain technology in facilitating payments both locally and internationally. The framework…