Crypto Trader Claims MEXC Demanded an In-Person Visit to Malaysia to Unfreeze $3.1M
A high-profile crypto trader, who goes by the alias White Whale, has accused global exchange MEXC of making an unusual and controversial demand: fly to Malaysia in person to retrieve $3.1 million in frozen funds. The trader revealed that, despite already completing extensive digital Know Your Customer (KYC) verification steps such as biometric checks, phone […]
ETF Issuers Must Be Selective as Most Crypto Remains Sketchy, Says REX CEO
The debate over cryptocurrency exchange-traded funds (ETFs) intensifies as more issuers seek approval to expand beyond Bitcoin and Ethereum. However, according to REX Financial CEO Greg King, issuers must exercise extreme caution when selecting assets for these products, warning that most cryptocurrencies outside the top tier are pretty sketchy. King argued that the crypto market […]
Sequans to Raise $200M for Bitcoin Treasury Expansion
Paris-based semiconductor company Sequans Communications S.A. is making headlines again with an ambitious plan to strengthen its Bitcoin holdings. The Internet of Things (IoT) chipmaker announced that it will raise up to $200 million through an at-the-market equity program, with the funds directed primarily toward purchasing more Bitcoin. The company’s filing allows it to issue […]
SBI Group Partners with Chainlink to Drive Crypto Innovation in Asia’s Finance
SBI Group, one of Japan’s largest financial conglomerates, has announced a strategic partnership with Chainlink, the leading blockchain oracle network, to accelerate the adoption of digital asset infrastructure across Asia. The collaboration will initially focus on Japan, with plans to expand throughout the broader Asia-Pacific region. The partnership is set to roll out several blockchain-based […]
US Treasury’s DeFi ID Plan Sparks Privacy Concerns
The US Treasury Department’s recent proposal to integrate digital identity verification into decentralized finance (DeFi) platforms has ignited a heated debate over privacy and the future of blockchain technology. The plan aims to combat illegal financial activities such as money laundering and terrorist financing by embedding identity checks directly into DeFi smart contracts. Under the […]