General News

Binance Founder CZ Begins Prison Term Amid Money Laundering Scandal

Changpeng Zhao, the founder of Binance, has started serving his four-month prison sentence at a low-security federal facility in Lompoc, California. His legal team...

Japanese Crypto Exchange DMM Bitcoin Loses $305M in Hack

Details of the Hack and Immediate Response Japanese cryptocurrency exchange DMM Bitcoin has reported a significant security breach resulting in the loss of 48 billion...

$26M Airdrop Fiasco by Bybit Restructures Executive Team

Crypto exchange Bybit has announced internal role changes for several executives following a flawed airdrop that led to a $26 million compensation payout to...

Ripple CEO Predicts XRP ETF as “Inevitable”

At Consensus 2024, Ripple CEO Brad Garlinghouse expressed confidence in the future of crypto exchange-traded funds (ETFs). He declared that the approval of an...

President Biden Vetoes Repeal of SEC Cryptocurrency Guidelines

President Joe Biden has vetoed a resolution aimed at overturning the U.S. Securities and Exchange Commission's (SEC) Staff Accounting Bulletin (SAB) No. 121. This...

Ethereum ETF Fee Disclosure by Franklin Templeton

Franklin Templeton has launched the first salvo in the spot Ethereum ETF "fee war" by disclosing its fees in an amended S-1 application. This...

Former Deutsche Bank Executive Sentenced to 41 Months for Fraud Schemes

On May 31, Rashawn Russell, a former Deutsche Bank executive, was sentenced to 41 months in prison by the Eastern District of New York...

TRUMP Token Bounces Back After Trump’s Guilty Verdict

Following the guilty verdict for former President Donald Trump on 34 felony counts of falsifying business records, the TRUMP meme coin linked to him...

Senators Push Drug Agencies to Tackle Crypto’s Role

Senators Elizabeth Warren and William Cassidy are pressing U.S. drug agencies for updates on their efforts to combat the use of cryptocurrency in the...

Bitcoin Firm and Texas University Launch $5M Endowment Fund

Unchained, a Bitcoin financial services company, and the University of Austin (UATX) have teamed up to establish a groundbreaking endowment fund. Announced on May...

McHenry Confident Crypto Legislation Will Pass Within a Year

“We will have crypto law within the next year, and I can say that with certainty,” declared McHenry, chairman of the House Financial Services...

BlackRock’s S-1 Fuels Optimism for June Ethereum ETF Launch

The launch of United States spot Ether exchange-traded funds (ETFs) by late June appears increasingly likely following BlackRock's update to a crucial filing. Analysts...