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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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…
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JD Vance Urges Bitcoin Community to Deepen Political Involvement for Geopolitical Advantage
Recently at the Bitcoin 2025 conference in Las Vegas, Vice President JD Vance delivered a keynote address encouraging the Bitcoin community to immerse themselves deeper into politics. Vance emphasized the strategic and geopolitical importance of Bitcoin and called on the US to maintain its leadership in the crypto industry to remain competitive in digital finance.…
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ASIC Takes Legal Action Against Former Blockchain Global Director for Alleged Misconduct
The Australian Securities and Investments Commission (ASIC) has initiated civil proceedings against Liang “Allan” Guo, a former director of Blockchain Global, concerning alleged breaches of his directors’ duties. ASIC accuses Guo of misconduct regarding ACX exchange customer funds, issuing false statements, and failure to maintain appropriate books and records. The ill-fated Blockchain Global managed the…
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Exploring the Prospect of US Government’s Budget-Neutral Expansion in Bitcoin Investment
White House AI and crypto czar David Sacks recently sparked interest amongst cryptocurrency enthusiasts by suggesting that the United States could purchase more Bitcoin, but only if it could be funded in a “budget-neutral” way. The government’s Bitcoin involvement wouldn’t pressure taxpayers or contribute to the national debt. During a May 27th fireside chat with…
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Metaplanet Raising $50 Million Through Zero-Interest Bonds to Boost Bitcoin Portfolio
Metaplanet, a Japanese investment company known for its strategic Bitcoin acquisitions, once again made headlines as it announced raising $50 million through a private placement of zero-interest bonds. The goal of this tactic, as revealed in their May 28 announcement, is to increase the firm’s Bitcoin portfolio further. Each bond is issued in $1.25 million…
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Cetus Decentralized Exchange’s Recovery Plan for $162 Million Lost in Security Breach
Cetus, a decentralized exchange built on the Sui network, is looking to recover funds, amounting to $162 million, that were lost in a recent security breach. The exchange was exploited for over $220 million, primarily in digital assets. However, it managed to freeze $162 million of the stolen funds, pending a community governance vote. The…
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Bitcoin Whales Buying More: Potential Support at $94,000 in Market Correction Scenario
The bitcoin market continues to display interesting trends as Bitcoin whales, or high-volume traders, are buying more of the cryptocurrency while the price is still below all-time highs. Analysts suggest that if a new market correction surfaces, the potential bounce zone may be located in the mid-$90,000 price range. Bitcoin prices have been observed to…