Crypto Trader Abducted by Fake Cops in Karachi, $340K Robbed

A crypto trader from Karachi in Pakistan was allegedly abducted in a “police van” by accused persons posing as cops, who then robbed him off $340,000 (90 Million Pakistani Rupee) by wire transfers. According to media reports, the victim has been identified as Arsalan, a resident of North Karachi, who is an active crypto investor. […]

Phantom Wallet Denies Rumors of Token Launch or Airdrop

The Phantom Wallet, a popular non-custodial wallet on Solana, recently put an end to rumors about a potential token launch. Many influencers had been speculating about an upcoming airdrop for users, but Phantom Wallet took to Crypto X to clarify that it has no plans to launch a token.  While acknowledging the excitement around the […]

Coinbase Plans Tokenized Stock Launch on Base for US User

Coinbase is exploring the possibility of offering tokenized shares of its stock to users in the United States via Base, its Ethereum layer-2 network, according to Base developer Jesse Pollak.  In a recent post on X, Pollak confirmed that non-US users already have access to tokenized Coinbase (COIN) shares through platforms like Backed, a tokenized […]

India Fights Crypto Scams with Google and Facebook’s Help

In an effort to combat pig butchering scams, India is working with tech behemoths Google and Facebook. The Indian Union Home Ministry’s 2024 annual report states that these scams specifically target vulnerable groups, taking advantage of their desire for rapid financial gains, including housewives, students, unemployed youths, and those in financial hardship. According to the […]

Crypto.com Starts Stocks and ETF trading for U.S. Users

Cryptocurrency platform Crypto.com is making a big splash by launching stock and ETF trading for users in select U.S. states. This marks a significant step beyond their core crypto offerings, allowing users to manage traditional investments alongside their crypto holdings within the same app. Initially available in Pennsylvania, Ohio, Washington, and Arizona, the service boasts […]

Coinbase gets their hands on unredacted FDIC OCP 2.0 letters

Coinbase’s Chief Legal Officer, Paul Grewal, has announced the acquisition of unredacted documents from the Federal Deposit Insurance Corporation (FDIC). The release of these documents, known as the ‘OCP 2.0 letters,’ followed a court order, shedding light on what Grewal describes as a coordinated governmental effort to restrict a wide array of cryptocurrency activities across […]

Tether and Bitfinex general counsel Stuart Hoegner leaves

Stuart Hoegner, who has served as the general counsel for both Tether and Bitfinex has parted ways from the crypto firms. This development is indicated by an update to his profile on X, now identifying him as the “Former GC @Bitfinex @Tether_to,” signaling the end of his decade-long association that began when he joined Bitfinex […]

Will Dogecoin Be Part of X Money’s Rumored 2025 Launch?

A leak of source code has led to guesses that Elon Musk’s X platform might soon launch its payment system, called X Money. As rumours fly, they grow, and here the optimistic speculation or, say, the big question from the community is, will there be dogecoin and Bitcoin integration or not in this? X CEO […]

Coinbase Acquires BUX’s Cyprus Unit for European Expansion

Coinbase, the largest US-based cryptocurrency exchange, has bought the Cyprus arm of BUX, a European trading platform. BUX Europe Limited, the MiFID-licensed entity that was renamed Coinbase Financial Services Europe, is involved in the deal. This marks a major step for Coinbase in the CFDs world of financial derivatives popular among professional traders. The acquisition […]

Bitcoin ETF Faces $332M Outflow Amid Market Volatility

BlackRock’s iShares Bitcoin Trust ETF (IBIT), the largest publicly traded fund tracking Bitcoin, has reported its largest outflow yet since its launch almost a year ago. On Thursday, investors took a massive $332 million out of the fund, breaking the earlier record $188 million extracted just weeks ago in December. IBIT, with over $53 billion […]