Category: crypto

Robinhood has reintroduced support for SOL and ADA, along with XRP and PEPE, for US investors after being delisted due to regulatory concerns over a year ago. This move expands the platform’s offerings for users interested in investing in these cryptocurrencies.

Hashkey Group CEO Xiao Feng believes a pro-crypto Trump administration could influence China to relax its stance on Bitcoin and other digital assets. Feng suggests that clear US regulations could push China to reconsider its approach. He also sees potential for China to open up to regulated stablecoins for cross-border trade.

Binance has experienced a billion-dollar inflow following the recent US elections, with $7 billion in inflows since the election. This surge has led to a rise in assets held on the platform, reaching $140 billion. Binance’s reserve percentage has also increased, with potential to challenge Coinbase for the top spot in exchange reserves. CEO Richard…

US President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to lead a new initiative called the Department of Government Efficiency (DOGE) to reduce government inefficiencies and streamline spending. The department aims to significantly reduce waste in the government’s budget and will operate independently but collaborate with the White House. Musk and Ramaswamy, both…

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South Korean police arrested 12 suspects, including a popular YouTuber, for a $231 million crypto fraud affecting 15,000 investors. The YouTuber orchestrated the scheme, luring investors with promises of high returns. Only six of the 28 virtual assets sold were created by the group, with the rest having low value. Police are pursuing asset recovery.

The US Department of Justice filed a civil forfeiture complaint to seize $16 million in assets from a Binance account linked to an FTX bribery case. Former FTX CEO Sam Bankman-Fried allegedly approved a $40 million bribe to Chinese officials to unfreeze accounts. Recovery efforts for over $3 billion in assets have been initiated.

VanEck has launched a new ETN tied to the SUI token from the Sui blockchain network, available on Euronext Amsterdam and Euronext Paris. The ETN tracks the MarketVector Sui Network VWAP Close Index and is fully backed by SUI tokens held with Liechtenstein’s Bank Frick. SUI’s high performance and user-friendly design led VanEck to select…

The Cardano Foundation released its first Financial Insights Report, revealing $478.24 million in assets as of Dec. 31, 2023. Majority of assets are in ADA and Bitcoin. The report highlights expenses in operational resilience, education, and adoption, with earnings primarily from staking rewards. The Foundation emphasizes transparency and plans to release an Activity Report in…

Federal Reserve Governor Christopher Waller expressed skepticism about the need for a central bank digital currency (CBDC) in the US payment system during a speech in November. He questioned the necessity of CBDCs and advocated for market-driven solutions. US lawmakers, including Patrick McHenry, have also opposed CBDCs due to privacy and surveillance concerns. Louisiana and…