News

The Hong Kong Monetary Authority (HKMA) has unveiled the “Supervisory Incubator for Distributed Ledger Technology” (DLT) to help banks safely adopt blockchain-based solutions and unlock their potential. The initiative, announced on January 8, is aimed to assist banks in adopting…

U.S.-based entities now control 65% more Bitcoin reserves than their non-U.S. counterparts, according to data from CryptoQuant. CryptoQuant CEO Ki Young Ju shared on X that this ratio measures Bitcoin holdings of prominent U.S. entities, such as MicroStrategy, exchange-traded funds…

Crypto exchange platform OKX has issued a warning about a fake OKX Wallet browser extension that recently appeared on the Firefox browser plugin store. The warning note posted on X stressed that OKX has not released any Firefox plugins. Further,…

Outgoing SEC Chair Gary Gensler has reiterated his criticism of the crypto industry, saying he has never encountered a sector driven more by sentiment than by fundamentals. During a Bloomberg Television interview on Wednesday, Gensler said he believes that many…

Sberbank wants the Russian Central Bank to push its digital ruble rollout back to 2026, with the banking giant calling for a more “realistic” CBDC launch date. The Central Bank has previously announced its intention to launch its digital fiat…

South Korean regulators say they will “review a plan” to “gradually allow corporations” to buy, sell, and hold cryptoassets like Bitcoin (BTC). Per Busan Ilbo and Asia Kyungjae, the Financial Services Commission (FSC) said it would release more details after…

Tens of thousands of residents evacuated parts of Los Angeles after wildfires, fueled by intense winds, erupted on Tuesday, January 7, 2025. The fires have claimed two lives so far, with thousands more struggling to leave the affected areas as…

Federal prosecutors revealed that they anticipate a substantial amount of data from Terraform Labs founder Do Kwon’s communications as part of the evidence in his upcoming trial, according to new legal documents. This extensive review includes an analysis of Kwon’s…

Bullish Group revealed on Wednesday that its German subsidiary, Bullish DE Custody GmbH, had secured key regulatory approvals from Germany’s Federal Financial Supervisory Authority (BaFin) to advance its operations in Europe. Bullish Secures BaFin Licenses to Drive Expansion in Europe…

Chromia has announced its priorities in Q1 2025 on Wednesday, emphasizing the development of blockchain-enabled AI tools to support decentralized AI applications. — Chromia | Power to the Public (@Chromia) January 8, 2025 According to a recent blog by…