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Bitcoin Soars to $116K After Powell Hints at September Rate Cut

Bitcoin surged to $116,000 after the U.S. Federal Reserve signaled a possible interest rate cut. Fed Chair Jerome Powell made comments at the Jackson Hole...

INTERPOL Cracks Down on Cybercrime: 1,209 Arrested in Africa Sweep

Authorities arrested 1,209 cybercriminals across 18 African countries during an INTERPOL operation. The crackdown recovered $97.4 million and took down over 11,400 malicious online infrastructures. 25...

Philippines Proposes Strategic Bitcoin Reserve for National Security

The Philippines has proposed a bill to establish a national Bitcoin reserve. The initiative allows the Bangko Sentral ng Pilipinas to buy 2,000 Bitcoin each...

GENIUS Act Clears Path for US Banks to Issue Consortium-Backed Stablecoins

The GENIUS Act establishes clear rules for American banks to issue stablecoins backed one-to-one by high-quality assets.Banking consortiums, like Zelle, serve as effective models...

EU Accelerates Digital Euro Plans as US Stablecoin Law Looms

European Union officials are considering accelerating plans for a digital euro in response to new U.S. stablecoin regulations.The U.S. Congress passed the GENIUS Act,...

XRP Spot Price Holds at $2.87, Down 1% Amid Tight Trading Range

The XRP spot price is at $2.87, reflecting a 1.0% decline in the past 24 hours.XRP is trading within a tight range of $2.83...

Ripple and SBI to Launch RLUSD Stablecoin in Japan in 2025

Japan’s revised Payment Services Act requires licenses for issuing and distributing fiat-backed stablecoins. Ripple and SBI Holdings will launch the RLUSD stablecoin in Japan by...

ASIC Expands Crackdown After 14,000 Online Scams Taken Down

ASIC has taken down 14,000 online scams since July 2023, with over 3,000 involving cryptocurrency.The regulator is expanding its enforcement to include social media...

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$650M In Shorts Liquidated Amid Bitcoin Surge

Over $800 million in crypto positions were liquidated in 24 hours as Bitcoin surged near $78,000.Short sellers suffered the...

Tether-backed firms Northern Data and Rumble begin merger

Tether-owned companies Northern Data and Rumble have commenced their merger, giving Rumble access to data centers and GPU servers.Shareholders...

Bitcoin Hits 10-Week High as Trader Targets $88K Rally

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Bitcoin Recovers From Lows, Still Down 2% After Fed’s Hawkish Stance

Bitcoin recovered some earlier losses, trading at about $111,200,...