Ex-Bank of England economist blasts digital pound as costly, useless project
A former Bank of England economist says there is “no customer demand” for the digital pound, calling it a costly project with unclear benefits. Ex-Bank of England economist appears to be highly critical of the digital pound initiative, saying it…
Trump’s crypto czar David Sacks confirms selling all Bitcoin, Ether, and Solana before administration began
Key Takeaways David Sacks sold his entire portfolio of Bitcoin, Ether, and Solana before joining the Trump administration. The White House aims to position the US as a global crypto leader through its inaugural Crypto Summit chaired by Sacks. Share…
SEC Says Memecoins Are Not Subject To Oversight, But Fraudulent Schemes Will Face Action
On 27 February 2025, the US Securities and Exchange Commission (SEC) declared that memecoins—digital assets inspired by internet memes, trends, or cultural phenomena—do not qualify as securities under federal law. According to the SEC statement, memecoins are classified as “collectibles”…
Bitcoin Miner Riot Platforms Achieves $109.4M Profit, Reversing 2023 Loss
Popular Bitcoin mining and digital infrastructure company Riot Platforms announced record-breaking financial results for the year 2024, as a result of a significant increase in mining revenue and strategic acquisitions. The company, listed on Nasdaq, reported $376.7 million in total…
Bitcoin Strategic Reserve Is the Best Choice
Coinbase CEO Brian Armstrong has weighed in on President Trump’s Crypto Strategic Reserve, suggesting that Bitcoin alone would be the best option. Responding to White House AI and Crypto Czar David Sacks on X, Armstrong outlined two potential strategies for…
El Salvador’s president Nayib Bukele meets with a16z founders to discuss AI and tech investments
Key Takeaways El Salvador is positioning itself as a tech hub with new policies and zero tax rates for tech industries. President Nayib Bukele discussed AI development and regional tech investment opportunities with a16z co-founders. Share this article El Salvador…
This Week In Crypto Asia: Bybit Enters UAE With In-Principle Approval
Despite being caught in the middle of a massive controversy, post the $1.4 billion hack, Bybit has announced securing an In-Principle Approval (IPA) in the UAE. The Securities and Commodities Authority (SCA) of the UAE gave Bybit the green light…
Chinese Man Murdered in South Korean Luxury Hotel
A violent crime in Jeju City, South Korea, has highlighted the dangers of cryptocurrency transactions conducted in unregulated settings. A Chinese man in his 30s was found dead in a luxury hotel room on February 24 after suffering multiple stab…
Meme coin circus rolls on
In 2024, meme coins became one of the most traded and discussed aspects of the cryptocurrency sector. Critics argue they give the industry a bad image. Others enjoy the gambling thrills and, at times, mind-boggling returns. If and when the…
President Trump to include XRP, SOL, and ADA in US crypto reserve
Key Takeaways Trump has proposed a US Crypto Reserve to strengthen the digital asset sector. XRP, SOL, and ADA are highlighted by Trump as key assets for the proposed reserve. Share this article President Donald Trump said Sunday that XRP,…
