US Senate Hearing Set to Tackle Crypto Debanking: Key Witnesses and Allegations On February 5, 2025, the US Senate will confront the pressing issue of debanking, particularly within the cryptocurrency sector, during a hearing led by the Senate Banking Committee. This session will explore whether banks are cutting off accounts due to regulatory pressure or […]
Read Full Article
Messari Founder Urges Trump to Reevaluate Melania Project Amid Concerns of Expertise and Economic Risks Ryan Selkis, the founder of Messari, has advised former President Donald Trump to reconsider his involvement in the Melania Project, a blockchain venture led by Melania Trump, due to concerns about its leadership and potential economic risks. Selkis warns of […]
Read Full Article
IRS Crypto Rules Spark Pushback From Texas Senator Ted Cruz Senator Ted Cruz is gearing up for a showdown with the IRS over controversial crypto income reporting rules, signaling a major battle between government oversight and the burgeoning world of decentralized finance. Cruz challenges IRS rule on crypto income reporting using CRA. Rule expands ‘broker’ […]
Read Full Article
OCBC and Garanti BBVA: Pioneering Blockchain and Crypto in Traditional Banking Can traditional banks revolutionize finance with blockchain and crypto? OCBC and Garanti BBVA are betting they can. Singapore’s OCBC is diving headfirst into the blockchain pool with a new service for tokenizing corporate assets, while Turkey’s Garanti BBVA is making its own splash in […]
Read Full Article
The Rising Tide of Telegram Crypto Phishing Scams: A Wake-Up Call for Crypto Users In the last month alone, Telegram has seen a 50% surge in crypto phishing scams. These fraudulent schemes exploit the platform’s popularity among cryptocurrency enthusiasts, posing significant risks to user safety and the integrity of the crypto community. Surge in Telegram […]
Read Full Article
FTX Creditors Set to Receive $1.2 Billion: A Path to Recovery Amid Crypto Turmoil In a significant step towards recovery, FTX, the once-thriving cryptocurrency exchange now in bankruptcy, has announced a comprehensive $1.2 billion compensation plan for its creditors. This plan, set to take effect in early January 2025, aims to offer a financial lifeline […]
Read Full Article