South African investment firm Altvest Capital has announced plans to raise $10 million in its initiative to adopt Bitcoin (BTC) as its primary treasury reserve asset. Altvest would become the first publicly listed company in Africa to integrate...
Bybit co-founder and CEO Ben Zhou has publicly accused Pi Network of being a scam, citing a 2023 Chinese police report that warned against fraudulent schemes allegedly associated with the project. Zhou made these claims in a post...
Mask Network has announced a strategic restructuring of its MaskDAO ecosystem, spinning off Next.ID, Web3.Bio, and Firefly into independent entities. Revealed in a February 21 blog post, the move is expected to enhance innovation, scaling potential, and independent...
Thomas Smith, the former Chief Technology Officer of the now-defunct cryptocurrency firm SafeMoon, has pleaded guilty to charges of securities fraud conspiracy and wire fraud conspiracy in connection with a multimillion-dollar scheme that allegedly defrauded investors out of...
Canary Capital’s proposed spot Litecoin ETF has been listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker LTCC, marking a significant step toward its potential launch. The listing, which appeared on the DTCC late Thursday,...
Utah is on the verge of making history as the first U.S. state to hold Bitcoin as a reserve asset. The state’s proposed “Blockchain and Digital Innovation Amendments” (HB230) bill successfully passed the Senate Revenue and Taxation Committee...
Ho Kai Xin, a former payroll manager at Bybit, has been reportedly sentenced to nine years and 11 months in prison for embezzling approximately $4.2 million from the exchange’s coffers. According to The Straits Times, the 32-year-old Singaporean...
Ethereum co-founder Vitalik Buterin has expressed concerns over what he describes as a “moral reversal” within the cryptocurrency industry, particularly in response to criticism of Ethereum’s stance on blockchain-based gambling. During a February 20 Ask Me Anything (AMA)...
The U.S. Securities and Exchange Commission (SEC) has withdrawn its appeal against a court ruling that blocked a proposed regulatory change aimed at decentralized finance (DeFi) protocols. On February 19, the SEC submitted a request to dismiss the...
Dubai-based fintech firm MANSA has closed a $10 million funding round, marking a significant milestone in its global mission to solve liquidity challenges for payment providers. According to a blog post on February 20, The investment, led by...
