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Celsius Founder Alex Mashinsky Gets 12 Years Prison for Crypto Fraud
Celsius founder Alex Mashinsky was sentenced on Thursday to 12 years in prison after pleading guilty in December to securities fraud and commodities fraud. Federal prosecutors said Mashinsky, 59, misled customers about Celsius' safety, and artificially inflated the value of Celsius' proprietary token Cel.
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Trump-Backed USD1 Stablecoin Chosen to Back MGX’s $2 Billion Binance Stake Deal: Report
Eric Trump has reportedly announced that the USD1 stablecoin has been picked as the mode of payment for MGX’s purchase of a minority stake in Binance. The announcement was made at the ongoing Token2049 event in Dubai on Thursday, May 1.
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Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
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Crypto Advocate Paul Atkins Sworn in 34th US SEC Chair
Paul Atkins has been sworn in as the 34th chairperson of the US Securities and Exchange Commission (SEC). Atkins’ appointment as the SEC chair aligns with President Trump’s vision of transforming the US into the crypto capital of the planet.
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OM Token’s Sudden Plummet Stirs Rug Pull Fears, Mantra Blames ‘Sudden Liquidation’ Â
Mantra Blockchain’s OM token suffered a sharp price drop over the weekend, which the team attributed to reckless liquidations, dismissing speculation of a hack or rug pull. The token fell by 90 percent in value from $6 (roughly Rs. 515) to $0.70 (roughly Rs. 60.5), raising alarms across the crypto community.Â
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PayPal, Venmo Expand Crypto Offering with LINK, SOL Tokens Owing to User Feedback
PayPal and Venmo have expanded their crypto offering with two new tokens -- Chainlink (LINK) and Solana (SOL). On CoinMarketCap, Chainlink is the 13th largest crypto by market cap whereas Solana holds the 7th position.
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Sony Online Store Begins Accepting USDC via Crypto.com Pay in Singapore
Sony Electronics has teamed up with Crypto.com to accept USDC payments in Singapore. The development aligns with the tech giant’s efforts to keep up with Web3-focussed fintech advancements, its announcement said.
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Ghibli-Themed Tokens Spark Memecoin Frenzy Amid Surge in Anime AI Art Trend on Social Media
Since OpenAI’s Sam Altman unveiled an AI image feature for ChatGPT-4o, memecoins inspired by the Studio Ghibli anime AI art trend have swarmed the crypto market. Leading the charge is Ghiblification (GHIBLI), a Solana-based token that soared to prominence with a market valuation of $31.24 million (roughly Rs. 266 crore) as of Friday, March 28, ac...
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Understanding Crypto Airdrops: The Process, Pros and Problems
Developers often announce free airdrops of their native tokens through social media to advertise their upcoming projects among investors. While the tactic does have a community-building aspect to it, crypto airdrop has also emerged as a repeated technique used by scammers to steal from unsuspecting individuals. Â
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Binance’s ‘Vote to List’ Feature for Community Polling on Token Listing Goes LiveÂ
Binance users can now participate in selecting which new tokens should be listed for trading on the platform. The exchange, through this feature, expects to address the challenge of identifying legitimate crypto tokens from the flood of altcoins in the market, through community efforts.Â
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Ripple CEO Announces End of Four-Year SEC Battle as XRP Surges: Key Details
Ripple CEO Brad Garlinghouse announced that the SEC is dropping its case after four years, crediting the US's new pro-crypto administration for its innovative approach.
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Thailand Approves USDT and USDC for Crypto Trading and Banking Settlements
Thailand’s Securities and Exchange Commission (SEC) has added USDT and USDC to its approved token list. The Bank of Thailand will also explore their use in financial settlements.
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Donald Trump Establishes Strategic Bitcoin Reserve, Crypto Stockpile Utilising Seized Assets
US President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve and a separate crypto stockpile. These reserves will be funded exclusively with crypto assets seized during federal investigations, rather than using taxpayer money to acquire new tokens.
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USDC, EURC Stablecoins Secure ‘Token Recognition’ from Dubai Financial Services Authority Â
The Dubai Financial Services Authority (DFSA) has officially recognised USDC and EURC as approved crypto tokens within the Dubai International Financial Centre (DIFC). Firms operating in the DIFC are only permitted to use DFSA-approved tokens, ensuring compliance and mitigating financial risks and potential losses.
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Binance Square Adds New 'Trader Profiles' Feature for Experienced Traders to Share Market Insights, Earn Badges
Binance Square has introduced a new feature named ‘Trader Profiles’ to help experienced crypto traders share market insights with others. Traders who create their Profiles will get the option to share their portfolio overviews as well as the profit and loss percentages on their investments.
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Celsius Founder Alex Mashinsky Gets 12 Years Prison for Crypto Fraud
Celsius founder Alex Mashinsky was sentenced on Thursday to 12 years in prison after pleading guilty in December to securities fraud and commodities fraud. Federal prosecutors said Mashinsky, 59, misled customers about Celsius' safety, and artificially inflated the value of Celsius' proprietary token Cel.
-
Trump-Backed USD1 Stablecoin Chosen to Back MGX’s $2 Billion Binance Stake Deal: Report
Eric Trump has reportedly announced that the USD1 stablecoin has been picked as the mode of payment for MGX’s purchase of a minority stake in Binance. The announcement was made at the ongoing Token2049 event in Dubai on Thursday, May 1.
-
Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
-
Crypto Advocate Paul Atkins Sworn in 34th US SEC Chair
Paul Atkins has been sworn in as the 34th chairperson of the US Securities and Exchange Commission (SEC). Atkins’ appointment as the SEC chair aligns with President Trump’s vision of transforming the US into the crypto capital of the planet.
-
OM Token’s Sudden Plummet Stirs Rug Pull Fears, Mantra Blames ‘Sudden Liquidation’ Â
Mantra Blockchain’s OM token suffered a sharp price drop over the weekend, which the team attributed to reckless liquidations, dismissing speculation of a hack or rug pull. The token fell by 90 percent in value from $6 (roughly Rs. 515) to $0.70 (roughly Rs. 60.5), raising alarms across the crypto community.Â
-
PayPal, Venmo Expand Crypto Offering with LINK, SOL Tokens Owing to User Feedback
PayPal and Venmo have expanded their crypto offering with two new tokens -- Chainlink (LINK) and Solana (SOL). On CoinMarketCap, Chainlink is the 13th largest crypto by market cap whereas Solana holds the 7th position.
-
Sony Online Store Begins Accepting USDC via Crypto.com Pay in Singapore
Sony Electronics has teamed up with Crypto.com to accept USDC payments in Singapore. The development aligns with the tech giant’s efforts to keep up with Web3-focussed fintech advancements, its announcement said.
-
Ghibli-Themed Tokens Spark Memecoin Frenzy Amid Surge in Anime AI Art Trend on Social Media
Since OpenAI’s Sam Altman unveiled an AI image feature for ChatGPT-4o, memecoins inspired by the Studio Ghibli anime AI art trend have swarmed the crypto market. Leading the charge is Ghiblification (GHIBLI), a Solana-based token that soared to prominence with a market valuation of $31.24 million (roughly Rs. 266 crore) as of Friday, March 28, ac...
-
Understanding Crypto Airdrops: The Process, Pros and Problems
Developers often announce free airdrops of their native tokens through social media to advertise their upcoming projects among investors. While the tactic does have a community-building aspect to it, crypto airdrop has also emerged as a repeated technique used by scammers to steal from unsuspecting individuals. Â
-
Binance’s ‘Vote to List’ Feature for Community Polling on Token Listing Goes LiveÂ
Binance users can now participate in selecting which new tokens should be listed for trading on the platform. The exchange, through this feature, expects to address the challenge of identifying legitimate crypto tokens from the flood of altcoins in the market, through community efforts.Â
-
Ripple CEO Announces End of Four-Year SEC Battle as XRP Surges: Key Details
Ripple CEO Brad Garlinghouse announced that the SEC is dropping its case after four years, crediting the US's new pro-crypto administration for its innovative approach.
-
Thailand Approves USDT and USDC for Crypto Trading and Banking Settlements
Thailand’s Securities and Exchange Commission (SEC) has added USDT and USDC to its approved token list. The Bank of Thailand will also explore their use in financial settlements.
-
Donald Trump Establishes Strategic Bitcoin Reserve, Crypto Stockpile Utilising Seized Assets
US President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve and a separate crypto stockpile. These reserves will be funded exclusively with crypto assets seized during federal investigations, rather than using taxpayer money to acquire new tokens.
-
USDC, EURC Stablecoins Secure ‘Token Recognition’ from Dubai Financial Services Authority Â
The Dubai Financial Services Authority (DFSA) has officially recognised USDC and EURC as approved crypto tokens within the Dubai International Financial Centre (DIFC). Firms operating in the DIFC are only permitted to use DFSA-approved tokens, ensuring compliance and mitigating financial risks and potential losses.
-
Binance Square Adds New 'Trader Profiles' Feature for Experienced Traders to Share Market Insights, Earn Badges
Binance Square has introduced a new feature named ‘Trader Profiles’ to help experienced crypto traders share market insights with others. Traders who create their Profiles will get the option to share their portfolio overviews as well as the profit and loss percentages on their investments.
