Ripple has added two new partners in the United Arab Emirates as the crypto firm continues to expand its presence in the region’s financial sector. The company announced on Monday that Zand Bank and fintech firm Mamo will integrate Ripple Payments, its blockchain-powered cross-border payments platform. The announcement follows Ripple’s approval earlier this year by […]
Ripple Expands in UAE With Two New Payment Partners Read More »
New Central Bank crypto regulations could effectively outlaw Tether (USDT) trading in Russia, experts have explained. However, they say that the new rules would not preclude Russian firms from using USDT or other stablecoins as payment or settlement tools in cross-border trade deals. USDT Trading in Russia: Under Threat? The media outlet RBC reported that
New Central Bank Crypto Rules ‘Will Ban USDT Trading in Russia’ Read More »
Twelve people have been arrested in Hong Kong and mainland China for their alleged roles in a cross-border money laundering operation that moved HK$118 million ($15 million) through cryptocurrency and hundreds of fraudulent bank accounts, local media reported on May 17. According to Hong Kong Commercial Daily, the criminal syndicate used over 500 so-called stooge
Hong Kong Police Bust $15M Crypto Money Laundering Ring, Arrest 12 Read More »
Key Notes Active addresses on Avalanche reached a new all-time high of 1.95 million. MMORPG game MapleStory Universe likely brought a boost to the L1. BlackRock’s sBUIDL comes to the Euler protocol on Avalanche. Avalanche (AVAX) is gaining bullish momentum again, but with major catalysts from BlackRock and MapleStory this time. According to Wu Blockchain,
AVAX Still Below 23 dollars – Here’s How It’s Preparing for the Bull Run Read More »
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to a new technical analysis by DD Trading On X (former Twitter), Dogecoin (DOGE) has just moved into a key demand zone after experiencing a steep 10% drop from former highs. The analyst suggests that the meme coin is poised for
Dogecoin Moves Into Demand Zone After 10% Fallout, Is A Bounce Coming? Read More »
A partner at one of Silicon Valley’s most prominent venture firms has reportedly been caught in the fallout of Coinbase’s recent data breach, raising concerns that other high-profile investors may also be at risk. According to a May 16 report from Bloomberg, Roelof Botha, Managing Partner at Sequoia Capital, was among the victims whose personal
Sequoia Partner Caught in Coinbase Data Breach, More VCs May Be Affected Read More »
Paraguayan authorities have disrupted an attempted theft at a crypto mining facility near the Itaipu hydroelectric dam, resulting in one arrest and the deportation of three foreign nationals. On May 15, prosecutor Irene Rolón confirmed that four individuals were intercepted after breaking into a restricted section of Teratech SA’s mining site in Coronel Bogado. The
Paraguay Foils Crypto Mining Theft Near Itaipu Dam, 3 Deported, 1 Arrested Read More »
ripple sec settlement rejected 125m penalty stands The long-standing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has taken another significant turn. Recently, a federal judge rejected a joint settlement proposal submitted by both parties, which aimed to reduce Ripple’s $125 million civil penalty to $50 million and lift a
Judge Rejects Ripple-SEC Settlement, Upholds $125M Penalty Against XRP Read More »
Democratic lawmakers have launched a new probe into former President Donald Trump’s growing involvement in the crypto industry, requesting detailed financial reports from the U.S. Treasury related to his digital ventures. In a letter dated May 14, Representatives Gerald Connolly, Joseph Morelle, and Jamie Raskin asked Treasury Secretary Scott Bessent to release all suspicious activity
Democrats Demand Treasury Records on Trump-Linked Crypto Projects Read More »
European authorities have dismantled a sprawling money laundering network dubbed the “mafia crypto bank,” arresting 17 individuals accused of laundering over €21 million ($23.5 million) in cryptocurrency for criminal groups linked to China and the Middle East. According to Europol’s statement on May 14, the criminal network facilitated money laundering for organizations involved in migrant
Europol Busts ‘Mafia Crypto Bank’ Tied to $23M Laundering Scheme Read More »
