General News

US SEC Charges Terra CEO for Multibillion-Dollar Crypto Fraud

The US Securities and Exchange Commission (SEC) has filed charges against blockchain platform Terraform Labs and its founder, Do Kwon, for defrauding investors in...

Tornado Cash Developer to Remain Jailed for Money Laundering

Russian developer Alexey Pertsev, who created the crypto privacy tool Tornado Cash, will remain in jail on money laundering charges, according to a panel...

India Bans Crypto Ads and Sponsorships in Women’s Cricket League

The Board of Control for Cricket in India (BCCI) has banned cryptocurrency advertising and sponsorships in the Women’s Premier League, according to Planet Sport...

Coinbase CEO Defends Staking Services Against SEC Scrutiny

In the wake of a $30 million fine levied against rival cryptocurrency exchange Kraken, Coinbase CEO Brian Armstrong has taken a stand to defend...

Brazil’s Bank Offers Tax Payments in Crypto with Bitfy Partnership

Banco do Brasil, a major bank in Brazil, has joined forces with Brazilian-based crypto firm Bitfy to offer a new way for taxpayers to...

India’s CBDC Pilot Reaches 50,000 Users and 5,000 Merchants

Rabi Sankar, the Deputy Governor of the Reserve Bank of India, recently announced at a policy press conference that the central bank's digital currency...

PayPal’s Plans for Stablecoin Put on Hold

Payment giant PayPal has temporarily halted its plans for a stablecoin, following news that its partner, Paxos, is under investigation by the New York...

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...