OpenFX Raises $94M to Speed Cross-Border FX Payments with Stablecoins
OpenFX, a fintech startup focused on foreign exchange and remittances, raised $94 million in a Series A funding round to expand its stablecoin-based payments network. The round included Accel, Atomico,…
Faster Settlement May Make For Poorer Markets
Opinion by: Chris Kim, CEO and co-founder at Axis. Shorter settlement cycles are now sweeping the globe. In 2024, the United States moved equities to T+1 settlement. Europe, the United…
CoinDCX Pledges $11M for Anti-Fraud Drive After Impersonation Case
CoinDCX has announced a 100 crore Indian rupees (around $11 million) Digital Suraksha Network as a response to brand impersonation and cyber fraud, days after a court said there was…
Bitcoin Slumps Toward Range Lows With US-Iran Press Briefing Due
Bitcoin trapped late buyers at $68,000 with oil still above $100 ahead of a press briefing by US War Secretary Pete Hegseth. Bitcoin (BTC) teased a fresh break below $66,000…
F2Pool Co-Founder’s 2,900 BTC Condo Sells for 7 BTC
Bitcoin mining pioneer Wang Chun said he sold a condominium in Pattaya, Thailand, for 7 Bitcoin, a fraction of the 2,900 BTC he paid for the property in 2015, highlighting…
KuCoin’s Parent Company Agrees to $500K Civil Penalty to Resolve Charges
KuCoin’s parent will pay $500,000 to settle CFTC charges following a separate $300 million penalty in a DOJ case over similar conduct. The parent company of KuCoin will pay a…
Lawmakers Press CFTC to Warn Federal Employees About Event Contracts
At least 42 Democratic lawmakers have written the US commodities regulator and the US Office of Government Ethics, demanding that it warn federal employees not to use inside knowledge to…
Google Says Quantum Computers Can Crack Crypto Faster
New research from Google shows that quantum computers could require far less power than previously thought to break the cryptography that secures cryptocurrency blockchains. Google’s new research, released on Monday,…
Labor Department Moves Closer to Allowing Crypto in 401(k)s
The US Department of Labor has proposed a rule change seeking to expand investment options in 401(k) retirement plans, including crypto, moving the country one step closer to implementing US…
US Senators Seek Answers from SEC Over Enforcement Chief’s Exit
Two Democratic senators are requesting answers from the US Securities and Exchange Commission over the resignation of its enforcement director, Margaret Ryan, in March, after a Reuters report claimed she…














