The FDIC released documents revealing its cautious stance on banks’ involvement with crypto, advising caution but not banning services. This follows industry concerns about "debanking" practices and comes as a new U.S. administration is set to review crypto regulations.
WeatherlyA crypto mining scam in southern Vietnam defrauded over 200 victims of VND4 billion ($157,300) through a fake platform called BitMiner. Four people, including the alleged ringleader Tran Minh Quang, were arrested after police raided locations tied to the fraud.
AnaisMetaplanet aims to increase its Bitcoin holdings to 10,000 BTC by the end of 2025. The company grew its holdings from 225 to 1,761 BTC in 2024, using bond issuances for funding.
WeatherlyJeju Island, South Korea's popular tourist destination, will trial NFT-based tourist cards offering discounts and travel incentives to attract younger visitors and enhance their experience, positioning the island as a forward-thinking hub embracing blockchain technology.
CatherineHong Kong police arrested 31 people after dismantling a deepfake romance scam that swindled over HK$34 million from victims in Taiwan, Singapore, and Malaysia. The criminals used AI-generated profiles to trick people into investing in fake cryptocurrency platforms.
WeatherlyVitalik Buterin sold 28 meme coins, raising abround 984,000 USDC for his charity, Kanro. The move triggered extreme price swings, with some tokens dropping over 50% while others surged past 100%, underscoring meme coin volatility.
CatherineUS prosecutors estimate over one million victims in the $40 billion Terra collapse. Terraform Labs co-founder Do Kwon, in US custody, denies nine felony fraud charges. His 8 January pretrial conference marks a pivotal moment in crypto’s biggest fraud case.
KikyoGemini Trust settled with the CFTC for $5 million over misleading statements made while seeking approval for Bitcoin futures contracts. The settlement avoids a trial and highlights ongoing regulatory challenges facing crypto firms.
WeatherlyBinance CEO Richard Teng believes a globally distributed workforce is crucial for attracting top talent and improving customer service. While many companies are returning to the office, Binance maintains its commitment to remote work. Could this be key to its success?
CatherineSamsung will reveal its new Galaxy S25 series, including the slim S25 Ultra, at an event on January 22, 2025, showcasing advancements in mobile AI. The event will be livestreamed globally, with pre-order deals offering credits and a chance to win a $5,000 Samsung gift card.
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