General News Archives

Saudi Arabia Says Open to Trade in Other Currencies, a Sign of a Move Away From the Dollar

General NewsJanuary 20, 2023

On Tuesday, Saudi Arabia's Finance Minister, Mohammed Al-Jadaan, spoke to Bloomberg TV from Davos, Switzerland, the 2023 World Economic Forum venue. Al-Jadaan surprised reporters...

Dr. Doom, an NYU Professor, Claims That 99% of Cryptocurrency Is a Scam

General NewsJanuary 20, 2023

Dr. Doom believes "99.99% of crypto is a hoax, a criminal operation, a whole real-bubble pyramid scheme that will bust. Nouriel Roubini, also known...

Nexo Settled for $45 Million With the SEC for Offering an Earn-Interest Product

General NewsJanuary 20, 2023

Nexo, a cryptocurrency lender, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and a number of state regulators....

The National Australia Bank Will Launch a Stablecoin Backed by Australian Dollars

BlockchainJanuary 19, 2023

A stablecoin called AUDN has been developed by the National Australia Bank (NAB), and it will be released in the middle of 2023. The...

Russia and Iran Collaborated to Develop a Stablecoin Backed by Gold

General NewsJanuary 18, 2023

According to the Russian news source Vedomosti, the Iranian central bank has apparently collaborated with the Russian government to develop a new cryptocurrency called...

Digital Currency Group Suspends Paying Dividends to Keep Cash on Hand

General NewsJanuary 18, 2023

Due to financial difficulties at one company, Digital Currency Group (DCG), a private equity firm with stakes in more than 200 cryptocurrency projects, has...

Bithumb Must Compensate Investors for Monetary Losses: South Korean Court

1 Minute ReadJanuary 16, 2023

The Bithumb must pay more than 100 users who filed legal claims for monetary losses as a result of the exchange's service interruption, according...

Cryptocurrency Is a Form of Gambling: RBI Governor Shaktikanta Das

General NewsJanuary 15, 2023

Shaktikanta Das, governor of the Reserve Bank of India, while speaking at an India Today event, referred to cryptocurrencies as "nothing but gambling." He...

BitConnect Victims to Receive Millions of US Dollars as Repayment

General NewsJanuary 14, 2023

According to a court decision in the United States, victims of the BitConnect pyramid scam will get over $17 million in reparations. A group of...

Voyager Defends Binance Acquisition, Calls FTX Opposition Hypocritical

1 Minute ReadJanuary 10, 2023

Voyager Digital, a bankrupt crypto lender, defends its $1 billion deal with Binance. They say that criticism and opposition to this deal by FTX...

Sam Bankman-Fried’s $470 million Robinhood stake seized by US authorities

1 Minute ReadJanuary 6, 2023

The Justice Department made the announcement on Wednesday that it will be seizing millions of Robinhood shares. Robinhood is a popular app for trading...

Coinbase Agrees to a $100 Million Settlement with New York Regulators

ExchangeJanuary 5, 2023

Financial watchdogs found that Coinbase broke laws against money laundering by letting people open accounts without doing enough background checks; it must therefore pay...