Investor Group Buys CoinDesk For $125M
An investor syndicate is reportedly in the final stages of acquiring the prominent media company CoinDesk, with a staggering enterprise value of approximately $125 million....
FTX And Alameda Seek $71M Recovery
Defunct cryptocurrency exchange FTX and its sister company Alameda are now attempting to recover more than $71 million from FTX’s philanthropic arm and other life...
Myanmar’s First Crypto Bank: Spring Development Bank
Myanmar is set to witness the launch of its first-ever crypto-based banking institution, the Spring Development Bank, scheduled for a soft launch on July 22....
Kuwait Prohibits Virtual Assets As Payment Methods
In a bid to bolster its fight against money laundering and terrorist financing, the State of Kuwait has taken significant steps to regulate the use...
Congressman Torres Criticizes SEC’s Handling Of Crypto
The US Securities and Exchange Commission (SEC) has been under intense scrutiny for its strict stance on the cryptocurrency industry, with high-profile lawsuits filed against...
FORGE Obtains AMF License For Crypto
FORGE, the cryptocurrency division of Société Générale, one of France’s largest commercial banks, has achieved a significant milestone in the world of digital assets. On...
Binance’s 24th Quarterly BNB Burn Completed
The Binance Coin (BNB) ecosystem has reached another significant milestone as it successfully completed its 24th quarterly token burn, according to the BNB Auto-Burn procedure....
Hong Kong Banks Shun Cryptocurrency Transactions
At least two major global banks based in Hong Kong have recently turned down cryptocurrency-related transactions, citing concerns about potential money laundering risks associated with...
Chinese Police Seize $160M Crypto In Landmark Case
The Shayang County Public Security Bureau in Jingmen City, Hubei Province, revealed that the main suspect in a massive cross-border online gambling case, Qiu Moumou,...
Binance Terminates AFA Partnership Over Contract Breach
Binance has terminated its five-year partnership with the Argentine soccer association, AFA, after just one year, citing a breach of contract. The decision came as...