General News

NAB Halts Stablecoin Project, Team Joins Ubiquity Initiative

The National Australia Bank (NAB) recently decided to abandon its stablecoin project, underscoring the challenges traditional banks face in rapidly innovating compared to fintech...

Utah Residents Indicted for Illegal Cryptocurrency Transactions

Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency. The U.S. Department of Justice (DOJ)...

Bitcoin Exchange Reserve Hits 3-Year Low

The Bitcoin exchange reserve, which measures the total amount of Bitcoin available on exchanges, has hit a three-year low as of June 19, 2024....

German Government Agency Moves $425 Million in Bitcoin

A German government agency has transferred $425 million worth of bitcoin (BTC) to a different wallet address. Data from Arkham Intelligence shows the transactions,...

Martin Shkreli Admits Creating DJT Token with Barron Trump

The crypto community on X (formerly Twitter) buzzed with excitement this week over the DJT token, rumored to be the “official” Donald Trump token....

NAB Ventures Invests in Zodia Custody’s Australia Expansion

NAB Ventures, the venture arm of National Australia Bank, has made an undisclosed investment in Zodia Custody, a platform for institution-grade cryptocurrency and digital...

Transak Lists PayPal’s Stablecoin PYUSD

Transak, a Web3 payments infrastructure provider, has announced the listing of PayPal’s stablecoin, PayPal USD (PYUSD), on its platform. This integration allows users to...

Brazil’s Tax Authority to Seek Information from Foreign Crypto Exchanges

Brazil’s Federal Revenue Service, Receita Federal do Brasil (RFB), is set to issue an ordinance this week to request information from foreign cryptocurrency exchanges....

Arkham’s $150K Bounty: the Mystery Behind the DJT Token

Arkham Intelligence has announced a $150,000 bounty for anyone who can definitively identify the creator of the Solana-based token DJT. The token surged by...

SEC Closes Investigation into Ethereum: Consensys

The U.S. Securities and Exchange Commission (SEC) is closing its investigation into whether Ether (ETH) is a security, according to Ethereum developer Consensys. SEC Halts...

Ethiopia Takes First Step Toward CBDC Amid Economic Reforms

Ethiopia has initiated steps to introduce a central bank digital currency (CBDC) as part of a broader economic reform plan. The National Bank of...

Crypto PAC’s $2M Attack Ad Campaign Challenges NY Rep. Bowman

Democratic Representative Jamaal Bowman, representing New York’s 16th Congressional District, recently voted against three pro-crypto bills. In response, the Fairshake political action committee (PAC),...