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…
Concerns over Hyperliquid’s centralization surfaced on Tuesday, as validators highlighted issues such as limited transparency, restricted participation, and API access limitations. X user @KamBenbrik criticized the validator structure in an X post, describing it as “restrictive and overly centralized, creating…
The Cardano (ADA) price has slumped back below $1.0 as cryptocurrency markets take a beating amid concerns about an ominous rise in long-term US government bond yields. US economic data on Thursday sparked concerns that a US labor market rebound…
A new study from the University of Pennsylvania reveals that 41% of Republicans own cryptocurrency, compared to 32% of Democrats. This trend highlights a growing connection between conservative values and the appeal of digital currencies like Bitcoin, USA Today reported,…
Bitcoin miner manufacturer Canaan has announced that it will integrate Bitcoin mining into everyday life by unveiling the Avalon Mini 3 and Avalon Nano 3S home miners at CES 2025 in Las Vegas. The two new rigs promise to mine…