General News

Paxos Under Investigation by New York Department of Financial Services

The New York Department of Financial Services (NYDFS) is reportedly investigating stablecoin issuer Paxos. Although the exact scope of the investigation remains unclear, NYDFS's...

Beijing Warns of High-Risk NFT Investments

The Beijing Municipal Administration for Market Regulation has issued a warning to investors to stay alert for illegal fundraising activities related to NFTs, which...

DCG Offloads Holdings in Grayscale to Raise Funds Amid Bankruptcy

Digital Currency Group (DCG), a SoftBank-backed firm, has started to sell holdings in several investment vehicles run by its subsidiary Grayscale at a steep...

North Korea Sets Record in Stealing Cryptocurrency Assets in 2022

A new confidential report by the United Nations sanctions monitors reveals that North Korea targeted foreign aerospace and defense companies and stole more cryptocurrency...

India’s Crypto Fraud Crackdown: 5 Arrests, $11.3 Million Seized

The Enforcement Directorate of India has attached the proceeds of a crime worth INR 936 crore ($11.3 million) and arrested five people in a...

UK Plans for Digital Pound Introduction by 2030

The Bank of England and Treasury are expected to endorse the creation of a "digital pound" next week as they unveil a roadmap for...

Charlie Munger Urges US Government to Ban Cryptocurrencies

Berkshire Hathaway Vice Chairman, Charlie Munger, has called for the US government to ban cryptocurrencies, following the lead of China. In an op-ed published...

Bithumb Owner Kang Jong-hyun Arrested for Stock Manipulation and Embezzlement

South Korean authorities arrested Kang Jong-hyun, who is said to be the real owner of a local cryptocurrency exchange called Bithumb. He is accused...

German DekaBank Partners with Metaco for Bitcoin Services

One of the most well-known asset managers in Germany, DekaBank, has decided to work with a Swiss company called Metaco to offer its customers...

Tesla Reports $140 Million Net Loss from Crypto Trading

Tesla, the electric vehicle manufacturer, is backtracking on its bullish attitude towards cryptocurrencies. The automaker recently filed its 10-K (comprehensive annual financial report), which...

Lawsuit Filed Against Grayscale Investments by Osprey Funds

Investment management firm, Osprey Funds, has taken legal action against Grayscale Investments for allegedly lying to investors about the conversion of Grayscale Bitcoin Trust...

Montenegro and Ripple Partner on CBDC Pilot Project

Montenegro's Prime Minister, Dritan Abazovi, said on Twitter that his country is working with Ripple to create a digital currency. At Davos, Abazovi met...