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    Blockchain

    Top U.S. Hedge Funds Embrace Spot Bitcoin ETFs, 13 of 25 Invested: River Report 

    Out of the top 25 hedge funds in the United States, 13 have entered the market by investing in the ETFs during the first quarter.

    Detained Binance Executive Tigran Gambaryan Denied Bail By Nigerian Court

    Tigran Gambaryan, the Binance executive detained in Nigeria, was denied bail on his 40th birthday, according to a court hearing in Abuja on Friday.

    Institutions Will Require Data Management Tools For Digital Asset Adoption

    Institutional interest in digital assets is gaining traction. As of the end of Q1, more than 900 institutions based in the United States had disclosed spot Bitcoin exchange-traded fund (ETF) shareholdings exceeding $100 million, equating to $10.7 billion combined.

    Reddit Stock Price Jumps After OpenAI Data-Sharing Deal

    Social media firm Reddit’s stock rose 13.5% after a data-sharing deal with OpenAI, the creator of the artificial intelligence (AI) chatbot ChatGPT.

    DTCC and Chainlink Launch Pilot Program with US Banking Giants to Advance Tokenization in TradFi

    The Depository Trust and Clearing Corporation (DTCC), the largest settlement system in the world, has partnered with blockchain oracle Chainlink to conclude a pilot program involving several major banking firms in the United States.

    SWIFT China President Wen Yang on Overcoming Barriers in CBDC Systems

    The Society for Worldwide Interbank Financial Telecommunication (SWIFT) China President recently shared insights on the challenges and solutions for cross-border central bank digital currency (CBDC) interoperability.

    Is Donald Trump’s Recent Crypto-Friendly Stance Genuine Or Opportunistic? Experts Weigh In

    Presidential candidate Donald Trump recently expressed his backing for crypto, indicating that he would cease hostility towards crypto in the US if he were to be re-elected.

    Tether and TON Partner with Oobit for USDT-to-Fiat Transactions via Mobile App

    Tether Operations Limited, the largest entity in the digital asset ecosystem, announced a strategic partnership with Oobit, a mobile payment app, and the TON Foundation on May 16. 

    South Korean Police Arrest 34 in Swoop on Crypto-powered Drugs Smuggling Ring

    South Korean police have arrested 34 people in a raid on a suspected crypto-powered drugs smuggling ring, officers announced on May 16.

    Breaking: Senate Overwhelmingly Votes To Overturn The SEC’s SAB121

    The U.S. Senate voted on Thursday to formally disapprove the Securities and Exchange Commission’s (SEC) controversial staff accounting bulletin SAB121, which will now go to President Joe Biden’s desk.

    India’s SEBI Open to Crypto Oversight, RBI Seeks Stablecoin Ban

    The Securities and Exchange Board of India (SEBI) proposed a collaborative effort among regulators to oversee cryptocurrency trading on Thursday, while the Reserve Bank of India (RBI) seeks a stablecoin ban.

    Mastercard’s Start Path Welcomes Five Startups to Develop Blockchain Use Cases

    Mastercard announced the selection of five startups to participate in its Start Path blockchain and digital assets program on Wednesday to foster innovation in blockchain technology and digital asset utilization.

    MMO Combat Game MetalCore Joins $2.4 Billion Universal Gaming Ecosystem Portal

    MetalCore, a free-to-play massive multiplayer online (MMO) combat game led by former developers from Activision, Disney, Lucasfilm, and Midway, has announced a partnership with the universal gaming ecosystem Portal.

    ShibaSwap Upgrades to Shibarium Blockchain in Major Overhaul

    The Shiba Inu ecosystem’s decentralized exchange, ShibaSwap, has successfully transitioned to the Shibarium blockchain, introducing many new features and enhancements, including improved SHIB burns.

    China Police Uncover $2B USDT Underground Banking Operation

    China’s police have uncovered a $1.9 billion USDT underground banking operation going against Chinese crypto bans.

    South Korean Police Officers on Trial in ‘Crypto Fraud Bribes’ Case

    Two South Korean police officers are standing trial over alleged bribery in an increasingly high-profile crypto fraud case.

    Former House Speaker Paul Ryan Says Stablecoins Could Be Worth “Trillions” Once Regulated

    Paul Ryan – the 54th speaker of the United States House of Representatives – has emerged as a major proponent of stablecoins, with a bright outlook on what regulation could bring to the industry.