BKEX Staff Convicted in China for Illegal Gambling via Crypto Contracts
A Chinese court has sentenced multiple employees of cryptocurrency exchange BKEX for facilitating illegal gambling through its contract trading platform. The People’s Court of Pingjiang County, Hunan Province, ruled on January 29 that BKEX’s futures trading functioned as online gambling, violating Chinese law. High-Leverage Trading Leads to Legal Trouble BKEX
Trump Media Dives into Crypto with Truth.Fi Expansion
Trump Media & Technology Group (TMTG), the parent company of Truth Social, has announced a bold expansion into financial services, including cryptocurrencies. The move, revealed in a brief statement on Wednesday, includes the launch of Truth.Fi, a financial technology brand that will oversee various investment products. The announcement sent TMTG
Fed Holds Rates Steady: What It Means for Crypto and Risk Assets
The Federal Reserve (Fed) is set to hold interest rates unchanged at its first meeting of 2025, with markets bracing for any signals on future monetary policy. While the decision to maintain the current target range of 4.25%-4.5% has been widely anticipated, Fed Chair Jerome Powell’s commentary on key economic
Trump’s Crypto Push: Opportunities or Ethical Risks?
Donald Trump’s presidency has brought cryptocurrency into the spotlight with promises to make the US the “crypto capital of the planet.” However, this pro-crypto stance has drawn criticism, raising questions about ethical governance, financial stability, and the potential for criminal abuse. Trump’s Crypto Ties Spark Debate Once a crypto skeptic,
Deepseek’s AI Revolution: A Catalyst for Crypto and Market Chaos
Deepseek, a Chinese AI startup founded in 2023 by Liang Wenfeng, has triggered upheaval in global markets with its advanced and cost-efficient AI models. Its latest innovation, the Deepseek V3, is causing ripples across the U.S. tech and cryptocurrency sectors, challenging industry giants and reshaping market dynamics. A Cost-Efficient AI
OKX Secures EU MiCA License as Bitcoin Dips Below $100K
OKX, a leading global crypto exchange, has achieved a significant milestone by obtaining the Markets in Crypto-Assets Regulation (MiCA) license, allowing it to offer regulated services across Europe. This development coincides with a market pullback as Bitcoin drops below $100,000, marking a notable shift in the crypto landscape. OKX Gains
Visa CFO Joins Blockchain Firm Amid Trump’s Crypto Push
The cryptocurrency landscape is witnessing pivotal changes with the entry of prominent figures from traditional finance and significant policy shifts under the Trump administration. Fireblocks, a digital asset platform, recently welcomed former Visa CFO Vasant Prabhu to its board, bolstering its efforts to build trust and credibility in the evolving
Trump’s Crypto Revolution: New Regulations and Stockpile Plans
U.S. President Donald Trump has made a bold move to reshape the nation’s cryptocurrency landscape by signing an executive order on Thursday. The order outlines a comprehensive strategy to regulate digital assets, support the crypto industry, and establish a national cryptocurrency stockpile, signaling a significant policy shift. New Regulations on
Crypto Industry Eyes Bright Future with Trump-Led Regulatory Push
The crypto industry is buzzing with optimism as the U.S. moves toward comprehensive federal regulations under a Trump-led administration. Key industry leaders, including the CEOs of Coinbase, Binance, and Circle, believe this year will mark significant progress for crypto regulation, paving the way for clarity and stability in the market.
XRP Hits New All-Time High: What’s Driving the Surge?
XRP recorded a massive 42% gain in the past week, hitting a new all-time high of $3.40. Trading at $3.26 as of now, the altcoin has outpaced Ethereum in 24-hour trade volumes and continues its bullish streak. The rally is driven by several factors, including a crypto-friendly regulatory outlook, RippleNet‘s
