Block to Pay $40 Million Fine for Weak Controls in Cash App
TL;DR Block must pay a $40 million fine for deficiencies in its anti-money laundering system and transaction monitoring in Cash App. The company accumulated over...
Binance Wallet and PancakeSwap Host an Event for the Launch of Mind Network’s FHE Token
by guido
TL;DR Binance Wallet and PancakeSwap organized a limited subscription to Mind Network’s FHE token, with a cap of 3 BNB per user and no vesting....
M^0 Lands on Solana with Customizable Stablecoins
by guido
TL;DR M^0 expanded its infrastructure to Solana, allowing the creation of custom stablecoins with shared liquidity access and on-chain minting. KAST will issue its own...
Arthur Hayes Warns the Fed Faces a Critical Dilemma Amid Market Turmoil
by guido
TL;DR Arthur Hayes warns that rising yields alongside falling stocks reflect a critical imbalance in the financial economy. The market anticipates rate cuts in May...
Bitcoin (BTC): Whales Accumulate While Small Investors Sell
by guido
TL;DR Bitcoin whales ramped up their accumulation in early April, while smaller holders reduced their positions amid uncertainty. Growing institutional interest in BTC is driven...
WazirX Moves Forward with Its Restructuring Plan After $230 Million Hack
by guido
TL;DR More than 93% of creditors supported the restructuring plan proposed by Zettai following the WazirX hack, allowing progress without judicial liquidation. The scheme includes...
Cap Raises $11 Million to Launch Its Yield-Bearing Stablecoin Engine
by guido
TL;DR Cap raised a total of $11 million, backed by Franklin Templeton and Triton Capital, to develop its yield-bearing stablecoin engine. Its model combines crypto-native...
SafePal Launches a Wallet on Telegram and Improves Security of Its Hardware Devices
by guido
TL;DR SafePal launched a Telegram-integrated wallet with banking support and a digital Mastercard, now available to over 950 million users. It upgraded its hardware wallets...
Codex to Launch a Specialized Blockchain for Stablecoins
by guido
TL;DR Codex raised $15.8 million to build a blockchain focused on stablecoins, backed by Dragonfly, Coinbase, and Circle. The network is built on Optimism and...
Bitcoin Holds Above $80,000 as Stock Market Plunges
by guido
TL;DR Bitcoin held above $80K despite the stock market crash; the Nasdaq and S&P 500 indices fell more than 8% in just two days. Analysts...