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Crypto News
SEC Files False Customer Fraud Case Against Bitcoin Miner Geosyn
According to the SEC, cryptocurrency miner Geosyn produced "bogus documents" that included "fabricated mining rates and earnings" and boasted about buying an increased amount of mining…
Stripe to Launch Global Stablecoin Payment Service This Summer
This summer, Stripe will add support for stablecoin transactions on a worldwide scale. There is currently a waitlist for this forthcoming feature on the company's website.
After…
Democrat Maxine Waters wants changes to be made to stablecoin and cannabis banking
Stablecoin regulation might make strides, which would boost adoption and investor confidence.
Maxine Waters, a Democrat from California, has highlighted the recent successes in…
HBAR falls 32% as BlackRock denies any business ties to Hedera
A representative from BlackRock has stated that the company had no hand in the decision of Archax and Ownera to tokenize shares of BlackRock's ICS Treasury Fund on Hedera.
According to…
A new bill could cause an upsurge of investment in stablecoins from banks, says S&P global
In a recent Senate bill, S&P Global Ratings cites the Lummis-Gillibrand Payment Stablecoin Act as a possible catalyst for large financial institutions to enter the stablecoin industry.
…
China’s crypto ban might be eased by US threats to block Chinese banks worldwide
The US administration is considering sanctioning certain Chinese institutions in response to intensifying geopolitical tensions.
The goal of these actions is to cut these institutions…
Coca-Cola and Microsoft fund generative AI venture with $1.1 billion
The Coca-Cola Company and its global network of independent bottlers will benefit from Microsoft's AI innovation efforts via Azure OpenAI Service and Copilot for Microsoft 365.
Microsoft…
U.S. official demands three years in prison for Binance CEO CZ
U.S. Department of Justice officials have recommended that Binance founder Changpeng Zhao (CZ) serve 36 months in prison for violations of the Bank Secrecy Act.
The guy behind Binance,…
IRS Takes Major Steps Towards Taxing Crypto
The IRS has introduced Form 1099-DA specifically for cryptocurrency, which will increase openness.Brokers are required to file Form 1099-DA beginning in January 2025.
The introduction of…
El Salvador Claims Cybercriminals Leaked Bitcoin Wallet Code
The hacker collective CiberInteligenciaSV began distributing the wallet's source code after leaking the whole Chivo user database in early April.
Hackers are releasing more sensitive…
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