JPMorgan Teams Up with Coinbase to Enhance Crypto Access for 80 Million Customers
JPMorgan Embraces Crypto through Partnership with Coinbase JPMorgan Chase, known as the largest bank in the U.S. with assets exceeding $4 trillion, recently announced a partnership with Coinbase. This collaboration was revealed on July 30, aiming to offer a range of cryptocurrency services to over 80 million customers. It’s quite a significant step, really. So, […]
Bank of Korea to set up a committee for overseeing virtual assets in crypto
Bank of Korea Establishes Virtual Asset Committee The central bank of South Korea has created a virtual asset committee to keep a close eye on the crypto market. Along with that, they’ve rebranded their Digital Currency (CBDC) team to better focus on exploring digital currencies. Officials from the Bank of Korea mentioned that this virtual […]
Chinese Executive Sentenced for Washing $19.5 Million Using Crypto Mixers and Exchanges
Simply put Authorities recovered over 90 BTC, valued at around $11 million. Prosecutors stated that the funds were moved through eight offshore exchanges and obscured using coin mixing methods. This incident is part of a government report indicating a rise in cryptocurrency-related fraud within China’s tech industry. The Beijing Court handed a 14-year prison sentence […]
Arizona Man Admits Guilt in $13M Crypto Ponzi Scheme, Could Serve Up to 15 Years
Simply put Vincent Mazzotta admitted to money laundering and obstruction in connection with a $13 million cryptocurrency Ponzi scheme. The fraud involved fake AI trading bots and made-up entities called “federal cryptographic protected areas.” Initially duped through false crypto investments, victims were charged again to pay for a non-existent investigation into the scam. A man […]
Three US Crypto Stocks to Keep an Eye on in August: GLXY, CIFR, RIOT
As August approaches, uncertainty hangs over investors due to the volatile crypto market. This unease not only impacts the digital assets but also affects related stocks. Among the notable US-listed crypto stocks to observe in August are Glxy, CIFR, and Riot, as developments in these companies could influence their stock values. Galaxy Digital Inc (GLXY) […]
Trump Administration Explores Crypto for 401(k) and Mortgage Assets
The Trump administration is reportedly looking to incorporate digital assets into its 401(k) plans and mortgage offerings. President Donald Trump is anticipated to sign an executive order that would initiate a new 401(k) plan allowing for assets that may include cryptocurrency, as reported on Monday, July 28th. Recently, the Federal Housing Finance Agency’s plans were […]
Trump’s Truth Social Bitcoin ETF is one of several crypto funds postponed by the SEC.
SEC Delays Decision on True Social Bitcoin ETF The Securities and Exchange Commission (SEC) has decided to postpone its decision regarding the True Social Bitcoin Exchange Transaction Fund (ETF) until September 18, pushing back the original deadline of August 4. This fund, backed by the Trump Media and Technology Group, is seeking approval to list […]
$4 Trillion Bitcoin and Crypto Set for a Price Shift
Bitcoin has bounced back from last week’s decline, increasing following a significant earthquake that affected $9 billion. Last week, Bitcoin prices dropped to approximately $115,000 each but have since rebounded to around $120,000. This resurgence has pushed the total cryptocurrency market above $4 trillion. US President Donald Trump has also shared a substantial crypto forecast. […]
Crypto Lending Returns with Surge of Short-Term Loans
After a three-year period known as “Crypto Winter,” the digital asset lending market is beginning to make a comeback. A report from Financial Times referenced examples from San Francisco lenders, highlighting a company named Divine. It mentioned that Divine has facilitated around 30,000 short-term loans since it began operations in December, collaborating with OpenAI’s Iris-Scanning […]
Divine Research offers unsupported crypto loans using Sam Altman’s World ID
New Lender Embracing Crypto Short-Term Loans A San Francisco-based lender known as God’s study has introduced around 30,000 short-term loans in cryptocurrency since December, utilizing OpenAI CEO Sam Altman’s Iris-Scanning Platform, World ID, to verify borrowers. God’s study primarily provides loans under $1,000 using USDC (US Dollar Coin) stablecoin, focusing on borrowers outside the reach […]