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The UK is a step closer to launching a central bank digital currency
Business

The UK is a step closer to launching a central bank digital currency

The Bank of England thinks crypto stablecoins and a central-bank-issued "digital pound" might coexist.

Ishan Wahi pleads guilty to two counts of conspiracy to commit wire fraud
Business

Ishan Wahi pleads guilty to two counts of conspiracy to commit wire fraud

After pleading guilty to two charges of conspiracy to conduct wire fraud, former Coinbase product manager Ishan Wahi will spend at least three years.

Hut 8 Mining Company to Merge with US Bitcoin
Business

Hut 8 Mining Company to Merge with US Bitcoin

Hut 8 Mining and U.S. Bitcoin will consolidate under New Hut, pending court clearance.

VARA Issues New Guidelines for Virtual Asset Service Providers in Dubai
Business

VARA Issues New Guidelines for Virtual Asset Service Providers in Dubai

VARA's "Full Market Product Regulations" comprise four mandatory and activity-specific rulebooks for running VASPs.

CEO Sues Board Members for Seizing Control of Crypto Miner
Business

CEO Sues Board Members for Seizing Control of Crypto Miner

Layer1 Technologies CEO John Harney sued two board members for profiting from mining activities.

The creator of the nonfungible token collection Bored Ape Yacht Club
Business

The creator of the nonfungible token collection Bored Ape Yacht Club

Yuga Labs agreed with the maker of a copycat collection of the blue-chip Bored Ape Yacht Club NFTs.

Webaverse Co-Founder Reveals $4 Million Crypto Hack
Business

Webaverse Co-Founder Reveals $4 Million Crypto Hack

Webaverse co-founder Ahad Shams sent a public statement about being hacked for $4 million in a hotel lobby.

UK Watchdog Proposes Tougher Advertising Rules
Business

UK Watchdog Proposes Tougher Advertising Rules

If the UK Government approves the FCA's plan, crypto businesses from abroad may have to meet additional conditions to advertise to UK clients.

Sam Bankman-Fried's Lawyers Reach Agreement with Federal Prosecutors
Business

Sam Bankman-Fried's Lawyers Reach Agreement with Federal Prosecutors

Sam Bankman-Fried may still use non-encrypted texting and phone services, save WhatsApp, which he can use under supervision.

Genesis creditor reveals new proposed restructuring plan that will see creditors getting back
Business

Genesis creditor reveals new proposed restructuring plan that will see creditors getting back

DCG is giving its ownership investment in a Genesis trading firm to the insolvent crypto lender's worldwide parent company.

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