Two MIT-educated brothers have failed to get fraud charges dismissed in court in connection with a $25 million cryptocurrency theft from the …
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Finance
Western Union Eyes Stablecoins as Remittance Giants Face Outward Pressure
by shayaanby shayaanWestern Union has become the latest financial giant to signal interest in stablecoins, as competition heats up in the global remittance market …
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Mastercard’s Chief Product Officer Jorn Lambert says stablecoins are still far from becoming a mainstream payment option. This comes despite all the …
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Luxury has always been about prestige—Swiss watches, designer handbags, and rare sports cars. But now, digital assets are entering the game. NFTs …
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Finance
Ziglu users face $2.7M losses with British crypto fintech firm on the brink
by shayaanby shayaanBritish crypto fintech firm Ziglu has collapsed alongside a cumulative $2.7 million in losses in user funds. According to reports, the firm, …
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Crypto mining stocks posted sharply divergent results across daily, weekly, and year-to-date periods, with Bitmine emerging as the sector’s standout performer. Crypto …
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United Kingdom ministers have launched efforts to crack down on crypto traders who try to evade payment of taxes on their profits. …
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Officials in Poland have agreed to hand over the former chief executive of Wex, once Russia’s largest cryptocurrency exchange, to the United …
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The world of finance is rapidly evolving, and central banks are at the forefront of exploring new digital frontiers. A recent announcement …
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Regulation
UK crypto firms must report user data or face fines under new HMRC rules
by shayaanby shayaanDigital assets service providers in the UK may need to start reporting user data to His Majesty’s Revenue and Customs (HMRC) by …