This content is provided by a sponsor. PRESS RELEASE. The crypto world is buzzing, and it’s not hard to see why. Lightchain AI (LCAI), a cutting-edge AI-powered blockchain token, is gearing up for a major milestone that has investors, AI enthusiasts, and tech-savvy users on the edge of their seats. Following growing excitement in the […] Source
A US judge is granting a motion to greatly expand the claim of the failed crypto hedge fund Three Arrows Capital (3AC) against the defunct crypto exchange FTX. According to new court filings, a judge is granting an expansion to 3AC’s claim against FTX, bringing its total up to a staggering $1.53 billion from just $120 million. The document says that FTX, which went bankrupt in 2022 under the leadership of chief executive Sam Bankman-Fried, liquidated $1.53 billion worth of 3AC’s assets on the platform just two weeks before 3AC…
A Solana (SOL) layer-2 scaling solution defied the wider crypto market slump and surged by more than 41% this week following a flurry of recent exchange listings. Solayer (LAYER) is a blockchain network designed for high throughput and near-zero latency. The network bills itself as “infinitely scalable” and is designed to handle 1 million transactions per second (TPS). Explains the project, “Solayer is a protocol for developers who want to enhance their decentralize application’s performance on Solana. It aims to increase the reliability of network access while reducing associated costs…
Brazil will push crypto initiatives, including a blockchain payment system, to expedite international trading as part of its presidency at BRICS this year. Local media stated this would be a priority for the South American giant’s plans for the organization. Brazil to Push Hard for Crypto Implementation in BRICS Trade The agenda of Brazil as […] Source
Former Binance CEO Changpeng Zhao is pushing back on a Wall Street Journal report that Donald Trump has held talks with Binance to buy a stake in Binance.US. Earlier today, the WSJ reported that the Binance founder “pushed” for the Trump administration to pardon him for his 2023 guilty plea for violating US anti-money laundering requirements. CZ was released from prison last October after serving a four-month sentence. After today’s report, Zhao took to the social media platform X to deny the journal’s claims. “Sorry to disappoint. The WSJ article…
Representatives of US President Donald Trump’s family have reportedly held talks with Binance about potentially acquiring a stake in the crypto exchange. Binance reached out to Trump’s family representatives in 2024, offering to strike a business deal as part of a plan to resume Binance.US operations in the country, The Wall Street Journal reported on March 13. Citing sources familiar with the matter, the report mentioned that Binance’s billionaire founder Changpeng Zhao — who served four months in prison in the US — has been pushing for the Trump administration…
Turkey is advancing its cryptocurrency regulations with new rules for crypto asset service providers (CASPs). On March 13, the Capital Markets Board (CMB) of Turkey published two regulatory documents related to the licensing and operations of CASPs, including crypto exchanges, custodians and wallet service providers. The framework grants the CMB full oversight of crypto platforms, ensuring compliance with national and international standards. An excerpt from the title page of the CASP regulation document by the CMB. Source: Official Gazette It also sets standards and requirements for establishing and providing crypto…
The Bank of Russia introduced a proposal to allow highly qualified investors to purchase and sell crypto under an experimental framework lasting three years. Nonetheless, peer-to-peer transactions and payments would still be banned under this sandbox. Central Bank of Russia Opens up to Crypto With Sandbox Regime Russia is on the verge of opening to […] Source
Bolivia has integrated a crypto-powered system to pay for fuel imports through its state-owned company YPFB, as it is facing a shortage of dollars and a reduction in its dollar-denominated foreign reserves. Bolivia Builds Crypto System to Pay for Fuel Imports Crypto is becoming relevant for the operation of the supply chain in several countries […] Source
Gemini crypto exchange, founded by Cameron and Tyler Winklevoss, is expanding its trading capabilities for institutional clients in Europe by introducing US dollar payment support Gemini has partnered with Liechtenstein-based Bank Frick to enable US dollar payment rails for institutional customers in the United Kingdom and Switzerland, the firm said in an announcement shared with Cointelegraph on March 12. “We plan to expand our rollout of USD rail support to our European Union institutional customers in the next few weeks,” said Gemini’s head of Europe, Mark Jennings. The new functionality…