The South Korean Financial Services Commission (FSC) has denied reports claiming it is about to let companies buy crypto using their balance sheets. Per Hanguk Kyungjae, the FSC told media representatives the reports were “not true.” Reports circulated at the…
Nokia, the Finnish telecommunications giant, has taken a significant step into digital asset security. The company has filed a patent for a “device, method, and computer program” designed to encrypt digital assets. China’s National Intellectual Property Administration (CNIPA), the country’s…
Two California men, Gabriel Hay and Gavin Mayo, have been indicted for reportedly defrauding investors in several NFT rug pull schemes that saw $22 million drained from victims, December 20 Los Angeles court documents reveal. According to a Friday press…
Bullish, the parent company of leading cryptocurrency publication CoinDesk, has abruptly dismissed three senior editors, including Editor-in-Chief Kevin Reynolds, amid growing controversy over editorial independence. Fortune reported on Friday that the layoffs also affected Deputy Editors-in-Chief Nick Baker and Marc…
The crypto industry witnessed losses totaling $1.49 billion in 2024 due to hacks and fraud, marking a 17% decrease from 2023. According to a report by blockchain security platform Immunefi, hacks were overwhelmingly the primary cause, accounting for $1.47 billion…
In a surprising twist of debate, Elon Musk has commented on the ongoing speculation surrounding the fate of Sam Bankman-Fried (SBF), the disgraced founder of FTX, on getting a pardon. In response to an X post about Bankman-Fried’s past as…
Billionaire blockchain visionary and Cardano co-founder Charles Hoskinson is planning to meet Democratic Senators to push for bipartisan crypto agenda. In a post on X, Hoskinson noted that he will have talks with Senators, including Pennsylvania’s John Fetterman, to make…
Securitize, the brokerage behind the tokenized BlackRock US Dollar Institutional Digital Liquidity Fund (BUIDL), has proposed adding BUIDL as collateral for the Frax USD stablecoin. The proposal, submitted as a Frax Improvement Proposal (FIP), highlights the advantages of leveraging BUIDL,…
President-elect Donald Trump has nominated Stephen Miran, a former Treasury official from his first administration, to lead the Council of Economic Advisers. By selecting Miran, Trump is bringing experienced leadership back to Washington to help shape economic policy. “Steve will…
US President-elect Donald Trump has appointed Bo Hines, a former North Carolina State and Yale football player, to spearhead the new Crypto Council. Announced Sunday, Bo Hines will onboard as executive director of the Presidential Council of Advisers for Digital…