David Geffen has filed a countersuit against crypto entrepreneur Justin Sun over a $78.4 million sculpture. The dispute surrounds Alberto Giacometti’s Le Nez, which Sun acquired at a Sotheby’s auction in 2021. Geffen’s countersuit, filed on April 16, alleges that Sun’s original claim of theft is fabricated. The countersuit accuses
Hashkey Capital, a digital asset and blockchain leader, announced the introduction of the Hashkey XRP Tracker Fund on April 18. This tracker fund is said to be the first ever investment fund in Asia to track the performance of XRP. The blockchain leader publicized the information through its recent X
Arizona’s Strategic Digital Assets Reserve Bill SB 137, has moved closer to becoming law after clearing the House Committee of the Whole on April 17. The bill now heads for a final House reading and floor vote. If approved, it will be forwarded to Governor Katie Hobbs for official review.
Crypto exchange eXch will stop offering its products and services starting from May 1 this year due to allegations of money laundering. The firm was accused of being involved in laundering the funds stolen from the recent $1.4B Bybit hack. As per its latest notice released on April 17, the
President Sadyr Zhaparov made Kyrgyzstan one step closer to becoming part of the few countries operating central bank digital currencies (CBDCs). He signed on constitutional amendments, which introduced the legal framework for the digital som. This legislation outlines the future CBDC launch framework. Meanwhile, the National Bank of the Kyrgyz
The Federal Reserve is the central bank of the US. It sets interest rates and makes decisions to maintain the stability of the economy. The Fed is supposed to be independent. This means it should not be controlled by the president or politicians. Jerome Powell is currently the Federal Reserve
United States is accelerating the process of creating a clear regulatory framework under Trump’s Presidency. The Securities and Exchanges Commission is hosting a series of roundtables to discuss on a wide variety of topics focusing on crypto regulation. Its latest announcement revealed the agenda, date, time, and primary focus of
Bhutan, a country strategically located between China and India, is becoming a leader in sustainable crypto mining. It is leveraging its natural resources for a unique economic future. According to data from Arkram Intelligence, Bhutan has mined over $600 million in Bitcoin (BTC), which was powered by entirely clean hydropower.
The US federal judge paused the ongoing lawsuit against the SEC as there is a new leadership in place after Trump’s re-election. Attorneys from 18 US states filed this case in 2024 to fight the harsh stance of the SEC towards crypto firms in the country. Since the SEC is
Coinbase’s Layer 2 network Base inadvertentlyunintentionally sparked a cryptocurrency trading frenzy yesterday. Its social media post automatically converted into a tradable token through Zora’s on-chain social protocol. The “Base is for Everyone” token, launched from Base’s official X account, made headlines by skyrocketing to a remarkable $13 million in valuation.
