The Federal Reserve is signaling to U.S. banks that it’s okay to engage with the crypto industry. This represents a significant shift from earlier positions, with Federal Reserve Chair Michelle Bowman openly urging banks to participate. She shared at the Wyoming Blockchain Symposium on August 19 that she believes that if banks stay on the…
A number of developments have led to speculations that the established 4-year Bitcoin cycle that has often predicted when the bull and bear market starts and end has ended. If this is the case, it would mean that price action will not go as expected. Just as it seems there was a premature start to…
[PRESS RELEASE – Hong Kong, PRC, August 20th, 2025] MultiBank Group, one of the world’s largest financial derivatives institutions, has announced a strategic buyback and burn program for its $MBG Utility Token. Backed by strong H1 2025 results, with $209 million in revenue (up 20% year-on-year) and $170 million in profit, the measure is designed…
Ethereum rally this month has given traders strong opportunities, by helping them boost portfolio values and unlock profitable exits. The subsequent downtrend, however, has proven equally damaging. A trader once celebrated for turning a modest $125,000 deposit into tens of millions of dollars through aggressive Ethereum longs has seen their fortunes unravel dramatically. ETH Trader’s…
China is reportedly considering allowing the use of yuan-backed stablecoins for the first time. The yuan stablecoin roadmap is expected to be discussed at the Shanghai Cooperation Organisation (SCO) Summit in Tianjin later this month. At the summit, China will promote the wider use of its currency in trade settlements. China is Considering Yuan-Backed Stablecoin…
Undeads Games, is excited to announce the launch of its innovative Wheel of Fortune, now available on both the web and the Telegram app, offering players thrilling opportunities to win substantial rewards. Players can spin to win up to 1 BTC on the web version or up to 25,000 TON on the Telegram app, seamlessly…
Ripple’s XRP has shed roughly 10% of its value in the past week as sell-offs intensify across the broader crypto market. While the token’s rally to an all-time high of $3.66 during July’s market boom left many holders in profit, rising volatility is beginning to test investor sentiment. What does this mean for token holders?…
The U.S. District Court docket for the Southern District of New York granted summary judgment, awarding the Commodity Futures Buying and selling Fee (CFTC) $228.6 million in restitution in opposition to Eddy Alexandre and his firm, EminiFX, for working a large crypto Ponzi scheme. Alexandre, who exploited his place inside his church and the Haitian…
Three affiliated AMTD Group companies listed on the New York Stock Exchange have announced a program that would allow crypto holders to swap digital assets for newly issued shares. Key Takeaways: AMTD firms proposed a crypto-for-stock swap letting investors exchange Bitcoin, Ethereum, USDT, BNB, and USDC for newly issued shares. The program is pitched as…
The crypto market faced a sharp jolt this week as nearly $1 billion flowed out of U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs), coinciding with a steep decline in Bitcoin’s price to $112,000. The massive withdrawals, recorded on Tuesday, marked the second-largest daily outflows for both Bitcoin and Ethereum ETFs this month, underscoring growing…