Lula Proposes South America’s Integration Revival and a Shift Away from the US Dollar Dominance

Lula, the President of Brazil, has put forth a proposal aimed at revitalizing the Union of South American Nations (USAN) and emphasizing the importance of shifting away from the dominance of the U.S. dollar in the region. Speaking at a summit attended by 11 South American presidents, Lula highlighted the necessity of reestablishing strong integration … Read more

Trust Reserve Stablecoin Team Detained in China: Uncertainty Surrounds Future of Prominent Stablecoin Provider

Trust Reserve Stablecoin Team Detained in China In a surprising turn of events, the Trust Reserve stablecoin team was detained by Chinese authorities on May 29. Reports indicate that the team members were taken away by the police and subsequently detained, with notifications being sent to their respective family members. The office of Trust Reserve … Read more

IRS Launches Global Initiative to Combat Cybercrime and Crypto-Related Financial Crimes

The US Internal Revenue Service (IRS) is taking a proactive stance in combating cybercrime, particularly in the realm of tax and financial crimes involving cryptocurrency. To achieve this goal, the IRS has announced a pilot program that will deploy a team of experts, referred to as “cyber attachés,” to four continents next month. The selected … Read more

South Korea’s Ruling Party Pushes for Swift Implementation of Crypto Disclosure Laws Amidst Government Scandal

South Korea’s ruling party is pushing for the implementation of early cryptocurrency disclosure laws, as a response to a recent scandal involving government official Kim Nam-kuk. The proposed bill, which is expected to take effect within the next two months, aims to require South Korean lawmakers and high-ranking government officials to declare their cryptocurrency holdings. … Read more

The Ripple Effect: How the SEC Lawsuit and Reduced XRP Exchanges Could Shape the Future of the Token

XRP has faced significant challenges in the wake of the SEC’s lawsuit against Ripple Labs. Since the lawsuit was filed in 2020, the number of XRP exchanges has decreased, with several high-profile exchanges like Coinbase, Crypto com, and OKCoin suspending trading of the token on their platforms. This delisting has had a negative impact on … Read more

Canon to Launch Ethereum NFT Marketplace Cadabra for Curated Photography Collections

Canon USA, the American division of the global camera and imaging company Canon, has announced its plan to launch an Ethereum-based non-fungible token (NFT) marketplace dedicated to photography. The marketplace, called Cadabra, is a curated platform that will allow users to purchase tokenized photographs across various categories, including wildlife, sports, lifestyle, and landscapes, among others. … Read more

Bitrue suffers another hack, losing millions in cryptocurrency assets

Bitrue, a centralized cryptocurrency exchange founded in Singapore in 2018, has suffered another hack, losing around $23 million in various crypto assets due to a hot wallet flaw. In response, Bitrue has temporarily suspended all withdrawals until April 18th, when the exchange hopes to reopen withdrawals after implementing additional security measures. The hot wallet exploit … Read more

World Metaverse Council to Partner with Metaverse Discovery Event in Riyadh

The World Metaverse Council has announced that it will be a strategic partner for the upcoming Metaverse Discovery event in Riyadh, Saudi Arabia. This groundbreaking gathering will take participants on an immersive journey into the Metaverse, an online universe that blends virtual reality, augmented reality, and other digital experiences. The Metaverse Discovery event will be … Read more

Coinone Employees Arrested for Allegedly Accepting Bribes for Listing Cryptocurrencies

Several employees of South Korean cryptocurrency exchange Coinone have been arrested on charges of exchanging money in exchange for listing certain crypto assets, according to a report by CoinDesk Korea. The arrests were made after a warrant was issued by Seoul Southern District Court Chief Judge Kim Ji-Sook, who expressed concerns that the accused individuals … Read more