Category: Crypto Currency

The Office of the Comptroller of the Currency (OCC) has allowed banks in the US to offer services like crypto custody and management to their customers. The move adds to the list of steps that US President Donald Trump’s government has taken recently to replace the crypto-related policies introduced by the previous administration. Acting Comptroller…

Bhutan will soon allow the use of cryptocurrencies in the tourism sector. The country has announced the launch of a crypto payment system that lets users make crypto payments using Binance Pay. The aim is to incentivise tourists with cheaper alternatives to dodge currency exchange rates and limitations in the acceptability of international cards. Tourism…

The crypto market rallied over the last few hours, after US President Donald Trump announced a US-UK trade deal. Bitcoin’s price shot up to $102,722 (roughly Rs. 88.1 lakh) on Friday, as the value of the digital asset rose by 3.9 percent on international exchanges. This is the first time in over two months that…

Alex Mashinsky, the founder and former chief executive of bankruptcy cryptocurrency lender Celsius Network, was sentenced on Thursday to 12 years in prison after pleading guilty in December to securities fraud and commodities fraud. Mashinsky’s sentence was imposed by US District Judge John Koeltl in Manhattan, and is among the longest in a criminal case…

Meta is exploring the use of stablecoins to manage payouts for international creators, according to a report. Meta CEO Mark Zuckerberg’s firm is said to be in discussions with crypto firms as part of the company’s plans to begin using stablecoins in partnership with a number of crypto firms. For now, these discussions are said…

The integration of blockchain technology with the automotive ecosystem is projected to expand significantly over the next five years. A report by Allied Market Research (AMR) has estimated that the global automotive blockchain market is on the track to hit the $5.6 billion (roughly Rs. 47,801 crore) mark by 2030. Its compound annual growth rate…

Bitcoin on Monday, May 12, reflected a miniscule loss of 0.15 percent to trade at $103,890 (roughly Rs. 88 lakh) on international exchanges. Over the weekend, US President Donald Trump announced a “total reset” in US-China trade relations following high-level talks in Geneva. The crypto market reacted to the development with optimism. Bitcoin maintained its…

Meta has reportedly been exploring the use of stablecoins for international payouts, but the firm may face regulatory challenges in the US. Over the weekend, US Senator Elizabeth Warren snubbed the idea of letting Big Tech companies dive too deep into the stablecoin sector. In an interview with CoinDesk, Warren said that Big Tech’s introduction…

Illegal crypto mining operations in Malaysia spiked by 300 percent between 2018 and 2024, Malaysian publication The Star reported Monday, citing the country’s largest electricity utility company, Tenaga Nasional Berhad (TNB). In 2018, a total of 610 illegal mining cases were reportedly identified in Malaysia and the number spiked to 2,397 last year. Law enforcement…

Coinbase is set to enter the S&P 500 index in the US next week. The index, maintained by the New York-headquartered financial intelligence firm Standard & Poor’s (S&P) Global, lists the 500 leading publicly traded firms in the US. Coinbase’s entry into this elite group makes for a significant moment in Web3 history, as the…