Circle, the issuer of the USDC stablecoin, has announced a strategic partnership with Coins.ph, a major cryptocurrency exchange and digital wallet provider in the Philippines. The aim of the partnership is to increase awareness of USDC payments and provide Filipinos with a more affordable and efficient way to make cross-border money transfers. Currently, the average […]
A Brazilian congressional committee has released a report recommending indictments against Binance CEO Changpeng Zhao (CZ) and other executives for unauthorized financial activities. The report accuses them of offering unauthorized securities training and improper management practices. The committee, led by congressional deputy Ricardo Silva, also calls for further investigation into Binance’s affairs, focusing on the […]
The BRICS Bank, also known as the New Development Bank (NDB), has announced a three-year plan to move away from the US dollar and adopt a common currency for trade among member countries. This initiative aims to reduce the demand for the USD by lending loans in local currencies. Iraq has recently joined the de-dollarization […]
The Central Bank of Nigeria (CBN) has addressed concerns that its central bank digital currency (CBDC), the eNaira, poses a threat to the country’s financial stability. The CBN released a press statement in response to media reports suggesting that the eNaira could have negative implications. These reports referenced a CBN report called “Economics of Digital […]
The regulatory landscape for cryptocurrencies varies across different regions. In the United States, various regulatory bodies, such as the SEC, CFTC, and OCC, are vying for jurisdiction over the sector. The SEC has faced criticism for its enforcement approach and has lost several significant court cases. The US Congress has introduced and discussed multiple cryptocurrency-related […]
A bipartisan parliamentary committee in the UK has called on the government to protect creators from copyright infringement related to nonfungible tokens (NFTs) and address potential risks associated with sporting groups issuing digital assets. The committee highlighted the ease and speed at which NFTs can be minted, compared to the slow process for artists to […]
Former Alameda Research CEO Caroline Ellison testified in court, admitting to committing fraud alongside her ex-boyfriend, Sam Bankman-Fried. Ellison claimed that at Bankman-Fried’s direction, Alameda used over $10 billion of FTX customer funds to pay off its loans. She stated that Alameda received between $10 billion and $20 billion of FTX money in its bank […]
Bitcoin’s potential for real-world use cases and increased adoption and utility lies in its connection to the Ethereum Virtual Machine (EVM), according to Willem Schroé, the founder of cross-chain infrastructure firm Botanix Labs. Schroé argues that Bitcoin needs to enter the EVM world to bridge the gap between mainstream adoption and the broader financial system. […]
A Brazilian congressional committee has recommended the indictment of Binance CEO Changpeng Zhao and three other executives for fraud and securities violations. The decision to press charges now rests with the Brazilian police. The committee alleges that Zhao and the executives engaged in fraudulent management, unauthorized trading of securities, and operating a financial institution without […]
Israeli law enforcement, in collaboration with Binance, the world’s largest cryptocurrency exchange, has launched an operation to freeze crypto addresses associated with the terrorist group Hamas. The operation was led by the Israeli Police Department and the National Counterterrorism Headquarters, with support from Binance. The investigation revealed that Hamas had raised funds through crypto donations […]
