General News

FTX Reaches $200M Settlement with IRS on Tax Bill

Bankrupt crypto exchange FTX has reached a tentative agreement with its largest creditor, the United States Internal Revenue Service (IRS), to settle a $24...

Tether’s Strategic Investment and Launch of XAU1 Stablecoin

Tether, the company behind the USDT stablecoin, has announced a strategic investment of $18.75 million in XREX Group and the launch of a new...

Regulatory Changes Could Unlock $20 Trillion for Crypto: Bitwise

The head of investments at Bitwise, Matt Hougan, believes that regulatory clarity in the United States could unlock the $20 trillion financial advisory industry...

SEC to Close Salt Lake Office Following DEBT Box Case Dismissal

The U.S. Securities and Exchange Commission (SEC) will shut down one of its eleven regional offices following a federal judge's order to pay approximately...

Biden Urged to Act on Binance Exec’s Detention in Nigeria

Several U.S. politicians have urged President Joe Biden to intervene in the case of Tigran Gambaryan, a Binance compliance officer detained in Nigeria for...

Thailand SEC Approves First Bitcoin ETF, Targeting Wealthy Investors

Thailand’s Securities and Exchange Commission (SEC) has approved the country’s first Bitcoin exchange-traded fund (ETF), marking a significant milestone in the region’s financial landscape....

Court Orders ASIC to Pay Costs in Block Earner Legal Dispute

Block Earner, a crypto-based startup, will not face penalties for its yield-bearing product, “Earner,” due to its honest efforts to engage with the government...

Wisconsin Pension Plan Poised to Expand Bitcoin ETF Investments

David Krause, a finance professor at Marquette University, believes that the State of Wisconsin Investment Board’s (SWIB) initial investment in Bitcoin exchange-traded funds (ETFs)...

Bitpanda Partners with Deutsche Bank for Fiat Transactions in Germany

Crypto broker Bitpanda has partnered with Deutsche Bank to manage fiat deposits and withdrawals for its German users. This is Bitpanda’s second significant collaboration...

Qatar Central Bank Launches First Phase of CBDC Project

The Qatar Central Bank (QCB) has completed the infrastructure for its central bank digital currency (CBDC) project and has initiated the first phase of...

Dapper Labs Settles NFT Securities Lawsuit for $4 Million

Dapper Labs has reached a tentative settlement with investors who accused the non-fungible token (NFT) company and its co-founder and CEO, Roham Gharegozlou, of...

Halving Impact: Bitfarms’ Crypto Mining Revenue Drops 42%

Bitfarms, a prominent Bitcoin mining company, experienced a significant revenue decline in May, the first full month after the Bitcoin halving event in April....