Argentine President Javier Milei stirred the hornet's nest with a recent interview where he attempted to explain his role in the $Libra memecoin debacle.  President Milei, an economist, used his official X page to promote information about a memecoin known as $Libra. The memecoin dumped a few hours after launch, wiping out $4 billion in…

GungHo rejects shareholder demands to adjust CEO compensation, despite declining profits and financial performance issues.

Ripple USD (RLUSD) stablecoin reaches 120 million tokens, expanding its presence on XRP Ledger and supporting XRP’s price growth.

Italy’s central bank and securities regulators are in dialogue with top crypto service firms in the country to address cybersecurity challenges and crypto-associated risks.  The development was made public by the Bank of Italy’s Governor Fabio Panetta while speaking at the 31st Assiom Forex Congress on Feb. 15. The Bank Governor made a case for…

Standard Chartered Bank (Hong Kong) Limited, A nimoca Brands, and HKT entered a joint venture with the intention of applying for a license from the Hong Kong Monetary Authority.  The License is projected to be used to launch a Hong Kong Dollar Backed Stablecoin geared towards competing in the fledgling global stablecoin market.  The Three…

Binance Co-Founder He Yi dismissed rumors of the crypto exchange being up for sale.  The High-level Binance Executive alluded that the speculation was the work of competitors and Mischief makers.  He Yi took to her X page to dispatch growing rumors that Binance, the largest crypto exchange in the industry, is up for sale. The…

The U.S. Attorney’s Office for the Western District of Washington reported a record $1.5 billion in criminal recoveries for 2024, largely driven by Binance’s $1.5 billion settlement. The case marks a significant step in crypto regulation and enforcement. Binance Settlement Accounts for Majority of DOJ’s Record-Breaking Recoveries The U.S. Attorney’s Office for the Western District…

State Street and Citigroup are preparing to launch crypto custody services, signaling Wall Street’s deepening involvement in digital assets. Learn more about their plans. Wall Street Banks Deepen Crypto Engagement Several major Wall Street financial institutions are expanding their presence in the cryptocurrency market, with reports indicating that State Street and Citigroup are preparing to…