Forcount crypto scheme promoters plead guilty to wire fraud conspiracy
On July 22, two of the five individuals who allegedly stole $8.4 million from investors between 2017 and 2021 by promoting Forcount pleaded guilty.
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Appetite for Blockchain Tech Builds Among Korean Banks, but Without Crypto
In recent weeks, major South Korean financial institutions have rolled out a number of services incorporating blockchain technology, especially in the areas of Know Your Customer (KYC) procedures and security. Fintech has become a buzzword for local banks trying to keep up with the change of the times.The banks, however, are not looking into an…

Ripple CEO Says US Regulators Must Embrace Crypto or Fall Behind China
Brad Garlinghouse, the CEO of Ripple, has taken to Twitter urging U.S. regulators to get on board with cryptocurrencies, or risk losing global financial dominance to China. 1791 Total views 38 Total shares Ripple CEO Brad Garlinghouse has urged United States regulators “to step up and lean into digital currencies” to avoid falling behind China…

Surge in ‘buy the dip’ mentions highlights traders’ bullish crypto outlook
The amount of “buy the dip” mentions on social media rose to the highest levels in 22 months, according to data from Santiment. The blockchain analytics firm said the number of social media mentions for the phrase rose to 323, the highest since March 25, 2022.A significant rise in “buy the dip” mentions across social platforms

Revolut debuts dedicated crypto exchange for UK users
Revolut announced its new Revolut X crypto trading platform for U.K. retail users, which it claims will offer fixed low fees and easy fiat-to-crypto conversion.

SBF’s lawyers terminate FTX representation due to conflicts of interest
Attorney Martin Flumenbaum believed that Sam Bankman-Fried's "incessant and disruptive tweeting" negatively impacted the reorganization efforts of the lawyers. 39 Total views 1 Total shares Paul, Weiss, the law firm backing FTX CEO Sam Bankman-Fried (SBF) amid bankruptcy, renounced representing the entrepreneur, citing a conflict of interest. The decision to withdraw from representation after SBF’s…

Major Players Use Blockchain to Streamline Agribusiness’ Creaking Supply Chain
Agriculture is proving to be one of the most promising sectors for the growth and implementation of blockchain technologies. The mammoth industry suffers from a number of endemic issues. Agricultural trade relies on complex relationships between farmers and retailers, as well as convoluted supply chain procedures which can complicate payments and product providence. As demand…

Gilded Automates Crypto Payments for CoinMarketCap
CoinMarketCap is now using an automated crypto payments system to raise invoices and receive funds. 1865 Total views 33 Total shares CoinMarketCap (CMC) has deployed a totally automated digital currency payments solution, from finance network Gilded. Gilded Chief Operations Officer (COO) Neal Roche told Cointelegraph the automated approach solved a lot of issues currently facing crypto…

MetaMask expands institutional offering by integrating new crypto custodians
MetaMask has formed a new strategic partnership with four major crypto custodians: Gnosis Safe, Hex Trust, GK8, and Parfin. 395 Total views 12 Total shares Decentralized finance (DeFi) wallet and browser extension MetaMask formed a new strategic partnership with four major crypto custodians; Gnosis Safe, Hex Trust, GK8 and Parfin.MetaMask Institutional (MMI), the institutional version…