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Trump positions himself as 'crypto president' at San Francisco fundraiser
Jun 10,2024
At a San Francisco fundraiser, Republican presidential candidate Donald Trump positioned himself as a strong supporter of cryptocurrency and criticised Democrats' regulatory efforts. The event, held at tech venture capitalist David Sacks' home, raise...
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New York files lawsuit over $1 billion crypto scams targeting immigrants
Jun 07,2024
New York Attorney General Letitia James has filed a lawsuit against NovaTech Ltd and AWS Mining Pty Ltd, accusing them of defrauding immigrant communities, particularly Haitians, out of over$1 billion. The suit alleges that these companies lured inve...
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Rwanda to adopt digital currency by 2026
Jun 06,2024
Rwanda aims to develop its own national Central Bank Digital Currency (CBDC) within the next two years. According to the National Bank of Rwanda (BNR), that initiative will offer Rwandans a secure, cost-free, and convenient alternative to physical ca...
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Binance faces
Jun 06,2024
Crypto exchange Binance has requested the dismissal of most of a
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Crypto advocacy group surpasses 1 million members in USA
Jun 06,2024
Stand with Crypto, an organisation advocating for cryptocurrency owners, celebrated a milestone as its membership exceeded 1 million. The group aims to wield political influence, urging policymakers to establish favourable regulations for the digital...
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US House of Representatives passes bill to regulate digital currencies
May 23,2024
The US House of Representatives passed a bill to establish a new legal framework for digital currencies. The Republican-sponsored Financial Innovation and Technology for the 21st Century Act was approved with a bipartisan vote of 279-136. Proponents ...
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Elon Musk deepfake crypto scam raises concerns in Hong Kong
May 17,2024
The Hong Kong Securities and Futures Commission (SFC) recently warned about a scam involving deepfake videos of Elon Musk promoting a cryptocurrency trading platform called 'Quantum AI.' The scam, which promises unrealistic returns, highlights the gr...
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United States Senate passes resolution urging SEC to repeal rule on cryptocurrency firm deals
May 17,2024
The United States Senate has passed a joint resolution calling on the Securities and Exchange Commission (SEC) to repeal a rule that affects financial institutions engaged in business with cryptocurrency firms. The resolution, known as H.J.Res. 109, ...
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North Korea's alleged $147.5 million crypto laundering revealed by UN
May 15,2024
According to confidential findings by UN sanctions monitors, North Korea utilised the virtual currency platform Tornado Cash to launder$147.5 million in March, following its theft from a cryptocurrency exchange last year. The monitors revealed to a U...
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Philippines approved stablecoin pilot program in regulatory sandbox framework
May 14,2024
The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has granted approval to digital currency exchange Coins.ph to conduct a pilot program for a stablecoin called PHPC. This Philippine Peso-backed stablecoin will operate under ...
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Rwanda to start the central bank digital currency (CBDC) pilot
May 10,2024
The Central bank of Rwanda call the public consultation on the future Central Bank Digital Currency (CBDC) pilot. The Central Bank call for the inputs of all stakeholders via online questionnaire available on their official website.  The launch ...
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Canada fines Binance $4.38 million for money laundering violations
May 10,2024
Canadian cryptocurrency exchange Binance has been fined nearly CAD 6 million ($4.38 million) by Canada's anti-money laundering agency, FINTRAC, for violating money laundering and terrorist financing laws. According to FINTRAC, despite several deadlin...
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