Category: News

Prosecutors have charged Jeremy Jordan-Jones, the self-styled founder of a now-defunct crypto startup called Amalgam, with fraud, alleging that he swindled investors in his “sham blockchain” of more than $1 million, using the money to fund a lavish lifestyle. According to prosecutors, Jordan-Jones painted Amalgam as a tech company that created blockchain-based point-of-sale payment systems, […]

Prosecutors in the case against Tornado Cash developer Roman Storm are attempting to to sidestep the possibility that a New York judge forces them to hand over additional evidence that could help Storm’s case. In a Wednesday letter to the court, prosecutors pushed back against Storm’s lawyers’ assertions that they’d failed to meet their so-called […]

The race to define the future of money is speeding up—and according to industry leaders, stablecoins are right at the center. “It’s clear that the most important item on our roadmap is understanding how quickly we can move, and it’s obvious that the next three years are the fastest we will ever see in the […]

Bitcoin BTC notched a new all-time high of $109,000 on Wednesday, but that’s small consolation for bitcoin miners, who last month were forced to cash in a record number of their BTC reserves, according to mining news outlet TheMinerMag. The firm’s latest research report reveals that public miners sold 115% of their bitcoin production in […]

Apex Group, a financial services provider with more than $3 trillion in assets under administration, said on Tuesday it had acquired a majority stake in Tokeny, a Luxembourg-based firm that helps institutions tokenize real-world assets (RWA) on public blockchains. According to the deal, Apex expects to take full ownership of Tokeny over the next three […]

“Sell in May and go away,” goes the Wall Street adage for equity markets every summer. For bitcoin BTC, though, some analysts say this season could mark a break from tradition. “As we get into the European summer months, the sense is it’s more likely a case of ‘buy in May and go away’ than […]

NEW YORK — The city of New York is launching a digital assets advisory council to bring fintech jobs into the Big Apple, Mayor Eric Adams announced Tuesday. New York City is “open for business, he said at the start of a summit hosted at the mayor’s official residence, Gracie Mansion. The council will be […]

A tokenized version of Apollo’s private credit fund, issued by Securitize, will arrive on Solana’s SOL decentralized finance (DeFi) ecosystem, bringing traditional financial instruments closer to the fast-growing network. The launch, orchestrated by lending platform Kamino Finance with support from tokenization specialist Securitize and DeFi risk advisor Steakhouse Financial, aims to make the Apollo Diversified […]

Crypto infrastructure company Validation Cloud announced Tuesday the debut of Hedera-based AI engine Mavrik-1 that lets users and developers get DeFi market insights by asking queries in plain English. Despite DeFi’s promise in revolutionizing finance, its complexity has long acted as barrier against widespread adoption. For DeFi users, the learning curve is steep, requiring knowledge […]

Crypto infrastructure provider StraitsX debuted its Singapore dollar-pegged stablecoin, XSGD, on the XRP Ledger (XRPL) to cater to growing demand for regulated multi-chain stablecoins supporting real-time cross-border payments. Digital asset developers, fintechs firms and financial institutions can use XSGD to conduct cross-border transactions, settle transactions on-chain and create programmable financial flows. XGSD is being powered […]

A key crypto bill has opened a rift among Senate Democrats as another big test approaches for the viability of legislation to regulate stablecoin issuers. Most expect the bill to clear a significant procedural vote on Monday night, but Democrats are split. The Senate’s most prominent crypto critic, Massachusetts Democrat Elizabeth Warren, is leading a […]