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In a major crackdown on cybercrime, California resident Kunal Mehta pleaded guilty to a RICO conspiracy and crypto laundering of at least $25 million. As part of a group that stole $263 million in cryptocurrency through hacking and social engineering, Mehta used pseudonyms like Shrek to launder funds for luxury spending. Kunal Mehta, 45, admitted […]
Hong Kong is advancing its tokenization strategy by integrating blockchain technology into finance, aiming to enhance efficiency in shipping, leasing, and fund management. This includes issuing the world’s largest digital green bonds worth HK$10 billion and preparing stablecoin regulations for 2025 launch. Hong Kong’s Financial Services and Treasury Bureau is guiding fintech from virtual to […]
Electric vehicles in Uruguay have surged to 25% of new car sales through October, driven by tax incentives, high fuel prices, and affordable Chinese models like BYD. This rapid adoption outpaces neighboring countries, transforming the market in a nation of just 3.5 million people. Tax cuts and high gasoline costs at $7.40 per gallon are […]
Onfolio Holdings has secured up to $300 million in financing via a convertible note facility with a US-based institutional investor, enabling investments in Bitcoin, Ethereum, and Solana. This move diversifies its digital asset treasury, supports staking for yield generation, and funds operational growth across its online businesses, strengthening long-term strategy. Onfolio receives $6 million initially […]
Paxos Labs has launched USDG0, an omnichain extension of its regulated USDG stablecoin, enabling fully backed dollar liquidity on Hyperliquid, Plume, and Aptos via LayerZero’s OFT standard. This innovation maintains a single regulated supply across networks, enhancing DeFi composability without wrapped versions. USDG0 extends USDG’s 1:1 dollar backing to new blockchains, preserving regulatory oversight from […]
Bitcoin’s potential rebound hinges on key support levels at $89,400 and $82,400, amid heightened market fear with the Fear & Greed Index at 15. Spot retail investors have accumulated $1.119 billion since Monday, including a record $668 million single-day buy, signaling underlying bullish activity despite the decline to around $89,000. On-chain metrics pinpoint $89,400 (True […]
Revolut’s partnership with Polygon enables seamless crypto remittances and stablecoin payments for over 65 million users, processing more than $690 million in trading volumes since December. This integration supports fast, low-cost transfers in USDC, USDT, and POL across the UK and EEA. Revolut users can now send crypto remittances in stablecoins like USDC and USDT […]
The Intuit OpenAI partnership is a multi-year deal worth over $100 million that integrates generative AI into TurboTax, QuickBooks, and other tools to enhance personal finance management, tax preparation, and small business operations through conversational interfaces and real-time insights. Intuit invests heavily in OpenAI’s models to automate financial tasks like tax refunds and cash flow […]
The WhiteBIT Saudi Arabia partnership marks a strategic alliance between European crypto exchange WhiteBIT and Durrah AlFodah Holding to expand blockchain and digital finance in the Kingdom. Facilitated by Seaside Arabia, it supports Vision 2030 by enabling crypto trading, tokenization, and CBDC infrastructure development. Strategic entry: WhiteBIT will launch as a licensed crypto exchange in […]