The active chasing of assets for the FTX Estate crypto exchange has taken yet another aggressive step toward pursuing claim recovery for creditors. The newly assembled fiduciary estate now seeks reimbursement for asset fractures from purported digital asset issuers NFT Stars Limited and Kurosemi Inc., accusing the two of not returning underlying cryptocurrency tokens that…
XenDex‘s presale has almost reached its soft cap, indicating overwhelming support and interest from the crypto community. This is coming from the XRP Ledger’s decentralized exchange that has electrified the cryptocurrency space. Within the first week mark, more than thirty percent of the $XDX token presale has been claimed. This sets the stage for a…
COLUMBUS, Ohio — Ohio recently gained national attention when they announced plans to explore the possibility of enabling residents to pay state fees along with taxes using cryptocurrency such as Bitcoin. While the proposal introduces the potential of innovation in the state, critics have pointed out that doing so raises unnecessary risks to state finances.…
Cryptocurrency has become a multi-trillion-dollar industry, with major institutions investing billions in crypto assets and Bitcoin ETFs accumulating nearly forty billion dollars in the U.S. market since January 2024. However, taxation policies remain outdated, with most countries classifying digital assets as cryptocurrency since 2014. This means that misuse of cryptocurrency for spending or investing is…
The Australian Transaction Reports and Analysis Center (AUSTRAC) is contacting digital currency exchange operators (DCEs) suspected of shutting down trading for Gamble Act compliance notification. AUSTRAC aims to encourage them to defer registration or promote cancellations. CEO Brendan Thomas warns that these businesses can be exploited for money laundering, scams, and money mule activities. AUSTRAC…
The United Kingdom makes strides on the international level by attempting to oversee and regulate cryptocurrency activities within its territory. On Tuesday, the government released a draft proposal to regulate and legislate the existence of digital assets by creating laws for the operation of crypto exchanges and issuing stable coins. The release is set to…
LONDON: International crypto exchange-traded products (ETPs) witnessed inflows of $3.4 billion during the period spanning April 21–25, marking the third greatest inflow week on record. The astounding figure was released in a report from digital asset investment entity CoinShares dated April 28, detailing the inflow of cryptocurrency investment products. Such inflows mark strong institutional and…
LONDON—The crypto market witnessed another surge on Monday as Bitcoin (BTC) soared past $94,000 while other market indices also turned green. However, the day’s most dramatic action involved privacy coin Monero (XMR), which saw an unbelievable price spike, as XRP dominated the major digital asset gains. Earlier on Monday, the CoinDesk 20 index, which reflects…
Global financial markets were taken by a wave of panic during April 2025, with cryptocurrencies bearing the brunt of the market’s bearish sentiment. Even as tokens across the board continue facing significant downtrends and investor sentiment naturally lags under the weight, one project seems to be fighting back against the overall bearish trend. Lightchain AI…
XRP experienced a price increase of over 3% on Monday, with the digital asset trading at approximately 2.33 USD. The positive movement seems to result from a mix of factors, including important changes in the market regulatory center concerning XRP-linked investment products, sentiment from technical market analysis, and a recovery throughout the cryptocurrency market. SEC Allows…
