HectorDAO Files for Chapter 15 Bankruptcy
HectorDAO, a decentralized autonomous organization, recently sought Chapter 15 bankruptcy protection in the United States after enduring significant financial setbacks caused by market crashes and...
Meta Fails to Escape Billionaire’s Crypto Scam Ad Lawsuit
A U.S. judge has turned down Meta Platform's request to dismiss a lawsuit brought by billionaire Australian mining mogul Andrew Forrest. The lawsuit accuses Meta...
Bitcoin: Not a ‘Silver Bullet’ for Money’s Ethical Issues
Fiat money and cryptocurrencies, particularly Bitcoin, share similar use cases but each has its own shortcomings that critics argue make them ethically questionable. Arguments against...
Founders Fund Invests $70M in Election Betting Platform
Peter Thiel's venture capital firm, Founders Fund, along with Ethereum co-founder Vitalik Buterin, have led a $70 million fundraising campaign for Polymarket, a platform that...
Mastercard Partners with US Banking Titans for Tokenized Settlement Trials
Mastercard, a payment processing and settlement firm, has partnered with major US banks including Citigroup, Visa, and JPMorgan to test the use of distributed ledger...
Bitcoin-backed Synthetic Dollar Launches with 25% Yield
Hermetica Labs has made an exciting announcement in the world of decentralized finance (DeFi). They are launching the first-ever Bitcoin-backed synthetic United States dollar with...
South Korea’s Updated Donation Laws Don’t Include Crypto
The newly amended donation legislation in South Korea has excluded digital currencies, which could have a negative impact on the country's charities and donation drives....
Compliance: USDC Surpasses USDT for Stablecoin Dominance
Tether, the first fiat-backed stablecoin, has long dominated the stablecoin market. In recent years, serious competitors have emerged that are giving Tether a run for...
Fintechs Clamp Down on Crypto, Users Face Account Blocks
Several fintech platforms in Nigeria have warned users about connecting their accounts to cryptocurrency transactions or face severe penalties as the country continues its efforts...
Bitfarms’ BTC Mining Earnings Plunge Amid Bitcoin Halving
Bitfarms, a mining company specializing in Bitcoin, has reported its lowest monthly earnings in over two years following the fourth Bitcoin halving. In April 2024,...