Business

US Targets Cambodian Pig Butchery, Takes $14 Billion in Bitcoin, Largest Seizure Ever

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U.S. authorities have launched sanctions against global company Prince Group as the operator of fraudulent global forced labor operations – including infamous pig butchery schemes – based in Cambodia, charging the company’s executive and imposing sanctions. Chen Zhi, a British and Cambodian national and founder and chairman of the Prince Group, was indicted Tuesday in […]

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Stripe’s Bridge seeks charter from National Bank Trust to expand its Stablecoin business

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Bridge, the stablecoin infrastructure company acquired by payments giant Stripe, has applied for a national banking trust charter with the US Office of the Comptroller of the Currency (OCC), its co-founder Zach Abrams said on Wednesday. The move would place the company under federal regulatory oversight if approved by the regulator. Through the bank, the

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PEPE slips 5% as whale selling and market turmoil weigh on Memecoin sector

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The popular memecoin PEPE is under renewed pressure, losing around 5% over the past 24 hours and almost a quarter of its value over the past week. With a current price of $0.0000075 and a market cap hovering around $3 billion, PEPE is facing increasing bearish signals that could extend the recent downturn, according to

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ARK Invests takes 11.5% stake in Nasdaq-listed Solana treasury company Solmate (SLMT)

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Solmate Infrastructure (Nasdaq: SLMT) revealed in a press release earlier today that it purchased $50 million of SOL directly from the Solana Foundation at a 15% discount to the market. The company said the tokens would be used to power naked validators in Abu Dhabi, United Arab Emirates, as part of the Foundation’s “Solana By

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Circle (CRCL) Called ‘Most Important’ Stablecoin Player by Investment Firm William Blair

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Circle (CRCL) is the most important player in the stablecoin ecosystem, according to investment bank William Blair, who initiated coverage on the company with an “Outperform” rating and a long-term bullish thesis. The company sees Circle as a central force in the transition from fiat to blockchain-based payments, particularly in cross-border B2B transactions, a market

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BNB slides 6.5% after hitting all-time high following $500 billion crypto rout

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After destroying $500 billion in value in the crypto market, BNB emerged as an outperformer with a rapid recovery to reach a new all-time high above $1,350. This period seems to be over, since it has plunged by almost 6.5% in the last 24 hours. In comparison, bitcoin is down 1.9% over the same period,

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