The California Department of Financial Protection and Innovation (DFPI) has joined forces with the California Department of Justice (DOJ) to combat cryptocurrency scams, successfully shutting down more than 26 fraudulent websites and uncovering $4.6 million in consumer losses. ...
Meteora co-founder Ben Chow’s X account was reportedly hacked on March 11, leading to a now-deleted post that reignited controversy surrounding the launch of multiple memecoins, including Libra (LIBRA), Melania Meme (MELANIA), and Official Trump (TRUMP). This ongoing scandal...
A well-known XRP community member, Arthur, has urged members of the ecosystem to remain patient amid the token's continuous decline over the past seven days. XRP, currently trading at $2.11, has lost over 10% of its value during this...
An executive at NFT platform Yuga Labs has warned that Ethereum's price could fall to between $200 and $400 in an extreme bear market scenario if the cryptocurrency market enters a new downturn. Under the pseudonym "Quit," the executive...
South Korea is gearing up to launch a large-scale real-world test of its central bank digital currency (CBDC) this March, involving 100,000 consumers and seven major banks. According to local reports, the pilot will feature financial giants such as...
Defunct cryptocurrency exchange Mt. Gox has transferred nearly $1 billion in Bitcoin (BTC) during its second large-scale transaction within a week, coinciding with a significant drop in Bitcoin’s price to a four-month low on March 11. According to blockchain...
European Union finance officials are concerned that U.S. President Donald Trump’s favourable stance on cryptocurrencies, particularly dollar-backed stablecoins, could threaten Europe’s financial stability and monetary sovereignty. Pierre Gramegna, managing director of the European Stability Mechanism, raised concerns during a...
A Russian-linked hacking group, Dark Storm, has claimed responsibility for a massive cyberattack that disrupted X (formerly Twitter) on March 10, rendering the platform inaccessible to thousands of users before services were quickly restored. Cybersecurity firm SpyoSecure first reported...
Bitcoin has entered its seventh consecutive week of decline, currently trading around 78,000 naira, according to a March 11 report by market intelligence platform Santiment. The report noted that the downturn followed a profit-taking spree by major stakeholders on...
United States Senator Bill Hagerty introduced an updated version of the GENIUS Act before a Senate Banking Committee vote scheduled for March 13. The revised bill aims to strengthen regulatory standards for stablecoin issuers, enhancing consumer protections, reserve requirements,...
