CryptoNews

Lido Ends Staking on Polygon; Refocuses on Ethereum

December 18, 2024
The Lido community has voted to end staking services on Polygon, due to significant challenges that has limited adoption. Lido Shuts Down Polygon Staking Lido Finance has announced it will be effectively discontinuing its staking service on Polygon. According to a Dec. 16 blogpost, the decision was reached after an extensive decentralized autonomous organization (DAO) forum discussion and a…
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Ripple's Legal Chief Exposes US Regulators’ Hidden War on Crypto

December 11, 2024
Ripple’s legal chief warns that U.S. regulators’ crypto guidance signals, “Don’t even think about it,” alleging a veiled campaign to deter banks from serving the industry. In recent years, the crypto industry has faced significant challenges due to what many call “Operation Chokepoint 2.0,” a coordinated effort by U.S. regulators to restrict banking services for crypto-related…
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Ripple Unveils First Tokenized Money Market Fund on XRP Ledger

November 26, 2024
Ripple advances tokenized finance with the first money market fund on XRP Ledger, redefining efficiency in real-world asset tokenization and institutional Defi. Ripple Unlocks New Era of Tokenized Funds on XRP Ledger Ripple announced Monday that Archax, a Financial Conduct…
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UK Urged to Consider Bitcoin Reserve as Trump Leads Crypto Revolution

November 26, 2024
The UK government is urged to create a bitcoin reserve as Trump’s pro-crypto policies drive global competition in the race for digital economic dominance. Bitcoin Reserve in UK Sparks Debate as Trump Drives Global Crypto Shift Nigel Green, CEO of Devere Group, an independent wealth management and financial advisory organization, has called on the UK government to develop a national bitcoin…
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Solana ETF Momentum Grows Amid Reports of SEC Engagement

November 22, 2024
The SEC’s reported progress on Solana ETF filings and potential leadership changes have sparked optimism, signaling a possible shift in cryptocurrency market investment regulations. Solana ETF Filings Spark New Hope Discussions about a solana (SOL) spot exchange-traded…
CryptoNews

Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

November 22, 2024
A federal grand jury in Miami has charged nine individuals with laundering U.S. drug proceeds into cryptocurrency for Mexican and Colombian cartels, utilizing “a network of black market cryptocurrency launderers and unlicensed money transmitters,” according to the U.S. Department of Justice. From 2020 to 2023, defendants allegedly coordinated cash pickups from U.S. drug sales, converting funds…
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