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Venezuela has officially terminated its Petro cryptocurrency after a tumultuous five-year period. Launched in 2018 by President Nicolas Maduro, the Petro was intended to bolster Venezuela’s national currency, the bolívar, amidst a severe economic crisis. The cryptocurrency was backed by the country’s substantial oil reserves. From the outset, the Petro faced skepticism and legal challenges. […]

Elevating Hong Kong to a Crypto Powerhouse HashKey Group, operating one of the two licensed cryptocurrency exchanges in Hong Kong, has recently made headlines with a significant funding achievement. Successfully raising nearly $100 million, they have remarkably increased their company’s valuation to over $1.2 billion. Today’s announcement highlights the crucial role of both new and […]

Tether, a major cryptocurrency platform known for its stablecoin, has been identified as a leading medium for money laundering and fraudulent activities in South-East Asia, according to a recent UN report. This stablecoin, also referred to as tether, is at the center of an increasing number of financial scams, including sophisticated “pig butchering” schemes that […]

Gulf Binance, a collaborative effort between the global cryptocurrency exchange Binance and Thailand’s Gulf Innova, has officially inaugurated its exchange services within Thailand. On January 16, Binance TH declared that its exchange is now accessible to all eligible users, featuring a dedicated order book for trading pairs involving the Thai baht. Furthermore, the platform seamlessly […]

In a bold move to expand its presence in the crypto-ready smartphone market, Solana Mobile is set to unveil its second smartphone model, according to insider sources. This new device comes as a follow-up to the company’s initial offering, the Saga smartphone, and aims to deliver enhanced features at a more accessible price point. Solana […]

In a bold move amidst regulatory challenges, Binance, a leading global cryptocurrency exchange, has announced the launch of two new URLs – binance.me and binance.info – specifically tailored for its Indian customer base. This initiative follows the Indian government’s recent measures to block foreign cryptocurrency exchanges, including Binance, due to non-compliance with anti-money laundering regulations. These […]

In 2023, crypto companies received 11 fines, a significant increase from an average of less than two per year in the prior five years. Crypto firms found themselves in the spotlight of regulatory scrutiny, collectively shouldering a hefty burden of nearly $6 billion in fines, primarily stemming from Anti-Money Laundering (AML) violations and shortcomings in […]

The inaugural trading day for spot Bitcoin exchange-traded funds (ETFs) saw remarkable activity, with billions of dollars in trading volume and hundreds of thousands of individual transactions. In total, there were 700,000 individual trades on January 12, involving the 11 recently approved spot Bitcoin ETFs, as reported by industry analyst Eric Balchunas. This robust trading […]

The approval by the US SEC of 11 spot bitcoin ETFs, including those offered by BlackRock, Vanguard, Franklin Templeton, Valkyre, Fidelity, and Invesco, on January 10, has significant implications. According to industry experts, the SEC’s approval of spot bitcoin exchange-traded funds (ETFs) in the United States has opened up a new avenue for Indian investors […]

In a startling revelation, the cryptocurrency tracing firm Chainalysis has uncovered a worrying trend in the illicit trade of child sexual abuse materials (CSAM). The sellers of these materials are increasingly employing advanced methods like “mixers” and “privacy coins” such as Monero, complicating efforts by law enforcement agencies to track and apprehend them. The […]

The Rise and Fall of Venezuela’s Petro Cryptocurrency

HashKey Group, Hong Kong’s Licensed Crypto Exchange, Secures $100M Funding Boosting Valuation to $1.2 Billion

UN Report Highlights Surge in Money Laundering via Tether Crypto Token in South-East Asia

Binance and Gulf Energy collaborate to introduce cryptocurrency exchange services in Thailand

Solana Mobile Gears Up to Launch Its Second Cryptocurrency Smartphone

Binance Launches New Domains for Indian Customers Amid Regulatory Challenges

Crypto Companies Fined Almost $6 Billion in 2023 for Breaking Anti-Money Laundering Rules

First Day Triumph: Bitcoin ETF Surpasses $4 Billion in Volume and Registers 700,000 Trades

Unveiling the Significance of US SEC’s Spot Bitcoin ETF Approval for Indian Crypto Investors

The Alarming Trend of Crypto in Concealing Child Abuse Crimes

Russia Proposes 15% Tax on Crypto and Mining Restrictions

WazirX Plans to Launch New Decentralized Exchange

Binance, Indian Police Bust Energy Scam, Recover $100K USDT

Indian Govt. Officials Probe Crypto Exchange WazirX's $234M Hack

Dubai's VARA Updates Marketing Regulations and Guidelines for VASPs

Germany Shuts Down 47 Crypto Exchanges for Illegal Activities

𝗬𝗼𝘂𝗿 𝗜𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝗖𝗿𝘆𝗽𝘁𝗼 𝗮𝗻𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗡𝗲𝘄𝘀 𝗔𝗹𝗹𝘆

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