Bitcoin miners have reported a rising hashrate, a development that reflects growing confidence in BTC’s future value despite ongoing market uncertainties. The term “hashrate” refers to the computational power used to secure the Bitcoin network by solving complex mathematical problems.…
Upbit, South Korea’s leading cryptocurrency exchange, has suspended deposits for Solve.Care (SOLVE), citing a lack of transparency and potential risks to investors. The decision, communicated via an official announcement, highlights concerns over SOLVE’s business practices, including deficiencies in its distribution…
A group of Philippine banks is joining forces to launch a peso-backed stablecoin, PHPX, to enhance cross-border payments and promote financial inclusion. The PHPX token is set to debut between May and July, leveraging decentralized ledger technology (DLT) via the…
Global cryptocurrency exchange Bybit has announced a temporary halt to its trading services in India, citing evolving regulatory developments. The suspension will take effect on January 12 at 8:00 am UTC, affecting several services, including cryptocurrency trading, account openings, and…
FV Bank said it has integrated PayPal USD (PYUSD) for direct deposits and outbound payments, with instant conversion to USD. FV Bank is a fully licensed and regulated US digital bank. It offers a vertically integrated suite of traditional and…
Cube Entertainment, a powerhouse in South Korea’s music industry known for managing globally recognized K-pop artists like Pentagon, finds itself at the center of a scandal as co-CEO Kang Seung-gon faces accusations of misleading investors about the prospects of a…
Tech-savvy scammers have stolen $2.2 million worth of cryptos from New Yorkers in a new job scam. The perpetrators sent text messages claiming to help find remote jobs, asking job-seekers to deposit dollars into crypto accounts. According to New York…
President-elect Donald Trump’s administration intends to appoint around 24 CEOs and founders to his proposed crypto advisory council, according to Bloomberg. The council will likely provide guidance on digital asset policy and work with Congress to draft crypto legislation. It…
The Winklevoss twins-run crypto exchange Gemini is planning to expand in Europe, starting with several key senior hires. Former Kraken CEO Mark Jennings will head the exchange’s European unit, the company said in a press release on Thursday. Heading rival…
Block Inc., a financial services and digital payments company, could become the first S&P 500-listed firm with an explicit Bitcoin strategy, according to Matthew Sigel, VanEck’s head of digital assets research. Sigel shared his analysis on January 9, noting that…