News
Stay up to date with the latest news in fintech, crypto, and digital finance. Our News section delivers concise, insightful coverage of market developments, funding rounds, regulatory updates, and innovations shaping the financial technology landscape.
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Binance’s Legal Victory: SEC Drops Civil Enforcement Case Against Cryptocurrency Exchange
In a surprise move, the U.S Securities and Exchange Commission (SEC) has called off its civil enforcement case against popular cryptocurrency exchange Binance. This marks a significant legal victory for the digital asset platform. The case initially lodged by the SEC, sought to challenge Binance’s operations on the grounds of regulatory compliance. The action involved…
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Understanding the SEC’s Stance on Proof-of-Stake Blockchain Staking as Non-Security
Recent comments from the United States Securities and Exchange Commission (SEC) staff suggest that staking on proof-of-stake (PoS) blockchains is not a security. The announcement provides much-needed clarity for cryptocurrency investors looking to generate passive income through validating transactions and earning block rewards. Also in on the discussion was Hester Peirce, an SEC Commissioner. She…
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Bitcoin’s Role in Revolutionising Marine Services: A Look at the Panama Canal Proposal
In an unusual pitch for Bitcoin automation and global adoption, Mayer Mizrachi, the Mayor of Panama City, has suggested that ships might be allowed to experience quicker access through Panama Canal if they pay in Bitcoin. Mizrachi’s endorsement of Bitcoin over traditional payment methods stands as a testament to Bitcoin’s increasing global prominence and influence.…
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Understanding the Recent Outflow in US Bitcoin ETFs and BlackRock’s Exceptional Performance
US Bitcoin ETFs saw their first joint net outflow in two weeks, ending a 10-trading-day inflow streak on May 29. The Bitcoin ETF industry had a net outflow of $347 million, implying many investors are cashing out their digital assets. Interestingly, amid this wider industry trend, the Bitcoin ETF run by BlackRock was the only…
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Growing Acceptance of Decentralized AI: A Look at the DCG Harris Poll Results
A recent Harris poll, commissioned by the Digital Currency Group (DCG), revealed that a significant 77% of Americans recognize the potential societal benefits of decentralized Artificial Intelligence (AI). This surprising statistic suggests a positive shift towards blockchain integration across diverse sectors. According to the survey, the majority view decentralized AI as a solution to increasing…
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Bitcoin’s ‘Healthy Pause’ at $106k: A Crucial Moment for Cryptocurrency Investors
Bitcoin’s recent price increase has put a spotlight on the cryptocurrency market, but experts believe a “healthy pause” might be on the horizon. Notably, Derive founder Nick Forster has predicted that Bitcoin will take a break around the $106k mark, giving the market time to digest recent gains before embarking on a new upward trend.…
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The Resilience of Cryptocurrencies: A Stable Investment Option in Today’s Volatile Financial Markets
In the unpredictable world of finance, cryptocurrencies continue to stand strong against disruptions. While traditional markets react with volatility to global shocks and policy changes, digital assets show an enviable resistance. Their stability is built upon an inherent optimism ingrained within their structure. This optimism isn’t manufactured or blown out of proportion – it forms…
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Telegram’s Successful $1.7 Billion Fundraising: The Power of Convertible Bonds in Fintech
Messaging giant Telegram recently completed a successful $1.7 billion fundraising round via a convertible bond offering. The platform reinforced its leading edge within the fintech industry, showcasing how traditional financial constructs can be effectively utilised in a digital environment. This latest fundraising success comes at a time when Telegram is looking to enhance its platform…
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Understanding Bitcoin’s Prolonged Coinbase Premium: An Indicator of Strong US Investor Demand and Potential Price Boost
Even amid a turbulent market as sellers push Bitcoin (BTC) price lower, the Coinbase premium, an indicator of strong institutional demand, has remained on a 20-day streak. This constant demand from US-based investors has led to an optimistic forecast for BTC price. Bitcoin’s Coinbase premium can be seen as an indication of the positive stance…
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US Lawmakers Introduce Bipartisan Regulatory Framework for Cryptocurrencies: A New Breakthrough for Digital Assets
There is a new breakthrough in the cryptocurrency space as US lawmakers introduced a bipartisan regulatory framework for digital assets. The proposal, backed by lawmakers from both major political parties, outlines comprehensive rules for digital asset management. It also clearly defines how different regulatory agencies will enforce these rules and oversee cryptocurrency operations. The introduction…
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DeepSeek’s Upgraded AI Model R1-0528: A Major Milestone in Fintech Revolution
Fintech startup DeepSeek, renowned for its cutting-edge AI technology, recently made headlines with its upgraded AI model, the R1-0528. They boldly proclaimed that it possesses enhanced reasoning abilities, matching Google’s Gemini and OpenAI’s ChatGPT. According to DeepSeek, the R1-0528 offers unparallel cognitive capabilities and a minimal hallucination rate, positioning it at par with both ChatGPT…
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Elon Musk’s Departure from DOGE: An Uphill Battle for Government Efficiency and a Boost for SpaceX and Tesla
SpaceX CEO and Tesla Inc. co-founder Elon Musk confirmed that he is stepping down from his role as the special government employee leading the Department of Government Efficiency (DOGE). Musk cites the task as an ‘uphill battle’ and thanked current US President Donald Trump for the opportunity to play his role in reducing wasteful spending.…
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Predicting Bitcoin’s Future: The Potential for Consolidation and the Role of Market Performance
Recent comments made by renowned market analyst Willy Woo suggest that Bitcoin might be entering a period of consolidation. According to Woo, this week’s market performance will play an instrumental role in determining whether consolidation will occur. These opinions were shared on his Twitter, which attracts attention from many major players in the world of…
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How US Federal Court Ruling Could Fuel an Epic Bitcoin Rally Towards $120,000
Bitcoin’s bull run may be poised for take-off as a recent US federal court ruling blocks a majority of President Donald Trump’s proposed tariffs. Swyftx lead analyst Pav Hundal suggests this development could fuel an “epic mic drop” rally towards $120,000. With the US Court of International Trade curtailing Trump’s authority on May 28, Bitcoin’s…
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Mayor Eric Adams’ Push for Bitcoin Bond and Crypto Regulation Reforms: A New Era for NYC’s Cryptocurrency Ecosystem
Amid the growing adoption of cryptocurrency worldwide, Eric Adams, the Mayor of New York City, recently announced his backing for a Bitcoin bond in the city as he doubled down on his crypto-friendly stance at the Bitcoin 2025 conference. Adams, a vocal proponent of cryptocurrencies, has emphasized the need for New York City to stay…
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Crypto Lobby Group’s Call for Less Regulation on DAOs: A Look at the Future of Decentralized Finance
In a recent move, crypto lobby group, the DeFi Education Fund and the Uniswap Foundation have urged the Securities and Exchange Commission (SEC) to refrain from regulating most decentralized autonomous organizations (DAOs). The groups sent a letter on May 27 to Hester Peirce, the lead of SEC’s Crypto Task Force, asserting that DAOs should not…
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Decentralized Finance: An In-depth Look at the $12 Million Cork Protocol Hack
The world of decentralized finance (DeFi) has been rattled yet again with a major hack. Cork Protocol, a key player in the DeFi arena, was breached in a smart contract exploit on May 28. According to cybersecurity firm Cyvers, the perpetrator managed to purloin a chilling amount of $12 million in digital assets. The attacker,…
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Understanding the Coinbase Data Breach: Lessons in Cybersecurity and Protecting Digital Assets
News about data breaches have unfortunately become all too familiar and the latest company to reveal an incident is Coinbase. The largest cryptocurrency exchange in the US, they recently announced that they were hit by a data breach in May 2025, which saw sensitive customer information stolen. But how did such a breach occur at…
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Investor Interest Rising in Fintech: Exploring BlackRock and Ark Investment’s Stake in Circle’s IPO
Global investment giant, BlackRock, is reportedly preparing a significant stake acquisition of Circle’s upcoming initial public offering (IPO), indicating increasing interest in fintech from major market players. According to a report from Bloomberg, BlackRock is considering purchasing approximately 10% of the offering of Circle, known for being a premier issuer of the USDC stablecoin. Circle…
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Conduit Secures $36 Million Funding to Boost Cross-Border Payments with Stablecoins
Conduit, a Boston-based fintech specializing in cross-border payments, recently secured a substantial funding of $36 million. Led by Dragonfly and Altos Ventures, the Series A funding round will enable the company to scale its innovative payment system. It also aims to increase its currency offerings, spanning both fiat and stablecoins. This move underlines the fintech…