Coinbase-Backed Yellow Card Seeks Nigerian License After South African Regulatory Win
Yellow Card, an African stablecoin platform, is taking steps to secure a license from Nigeria’s Securities and Exchange Commission (SEC) after obtaining a Crypto Asset Service Provider (CASP) license in South Africa. The CASP license has enabled Yellow Card to operate within South Africa’s regulatory framework, marking a significant milestone in its expansion across Africa. […]
Bolivian Attorneys Spearhead USDT Index Proposal to Energize a Dollar-Starved Economy
Bolivian attorneys Iver von Borries and Javier Romero Mendizabal proposed introducing Tether’s USDT, the largest stablecoin in the cryptocurrency market, as an index asset for commercial and civil contracts. The submission aims to link USDT’s value in global markets to the national fiat currency, allowing for more flexibility in pricing certain obligations. Bolivia has maintained […]
Phantom Wallet Gets a Boost, Adds Support for Sui
Phantom Wallet, one of the most popular cryptocurrency wallets in the market, has recently announced that it will add support for Sui, an agile blockchain platform offering users fast processing times and low transaction fees. The wallet, which boasts a monthly active user base of over 7 million, will now add Sui to the four […]
FBI Cracks $8.3M Crypto Fraud: Launderer Sentenced to Prison and $2.3M Repayment
A Maryland Heights man, Richard Charles Appelbaum III, has been sentenced to three years in prison and ordered to repay $2.3 million for his role in laundering millions through cryptocurrency. Appelbaum, 40, conspired with others to funnel proceeds from Business Email Compromise (BEC) and romance fraud schemes into cryptocurrency via Coins2trade. Recruited by “E.S.,” allegedly […]
Putin Confirms Digital Ruble Integration in Russia’s Federal Budget
Russia is set to integrate its central bank digital currency (CBDC), the digital ruble, into its federal budget system starting next year, with nationwide adoption targeted by July 1, 2025, President Vladimir Putin announced at the 15th VTB Russia Calling! Investment Forum. Highlighting ongoing efforts to enhance business efficiency, Putin emphasized the development of infrastructure […]
Trump Appoints David Sacks as AI and Crypto Czar
President-elect Donald Trump has announced via Truth Social the appointment of entrepreneur and investor David O. Sacks as the “White House A.I. & Crypto Czar.” In this newly created role, Sacks will lead policy initiatives in artificial intelligence and cryptocurrency, areas Trump describes as “critical to the future of American competitiveness.” A prominent figure in […]
$1.2B TVL Milestone: Fluid Superapp Makes Waves in Decentralized Finance
Fluid, a decentralized finance (defi) superapp, has attracted $1.2 billion in total value locked (TVL) through its innovative money market and decentralized exchange (dex). The platform delivers groundbreaking features such as smart debt and collateral management. As part of its evolution, Fluid is transitioning its governance token from INST to FLUID, a move aimed at […]
BIT Mining Acquires Ethiopian Data Centers and Mining Machines
BIT Mining (NYSE: BTCM) has agreed to acquire 51-megawatt crypto mining data centers and 17,869 bitcoin mining machines in Ethiopia for $14.28 million. The consideration comprises a cash payment of $2.265 million and the issuance of Class A ordinary shares of the Company with a par value of $0.00005 per share, amounting to an aggregate […]
Crypto Scam Collapses: Icomtech Founders Sentenced for Ponzi Scheme Fraud
David Brend and Gustavo Rodriguez, key figures in the cryptocurrency Ponzi scheme Icomtech, have been sentenced to 10 and eight years in prison, respectively, for defrauding thousands of investors. Icomtech falsely marketed itself as a crypto trading and mining company, promising guaranteed daily returns. Victims, lured by flashy events and promises of wealth, invested through […]
China Stands Firm With BRICS Amid US Tariff Threats
China has strongly defended the BRICS coalition against the U.S. President-elect Donald Trump’s tariff threats, emphasizing its principles of openness and inclusiveness. Responding diplomatically, Chinese Foreign Ministry spokesperson Lin Jian reiterated that BRICS does not target third parties and aims to foster global economic stability and shared prosperity. Lin noted that emerging markets, including BRICS […]