Telcoin has received approval for its Digital Asset Depository Bank Charter in Nebraska This positions Telcoin as the first federally regulated digital asset depository bank in the USA With this charter, Telcoin can now issue stablecoins and hold deposits at a Federal Deposit Insurance Corporation. In a landmark decision, the Nebraska Department of Banking and Finance has given the green light to Telcoin, Inc., allowing it to become the first federally regulated digital asset depository bank in the United States under the Nebraska Financial Innovation Act (LB 1074, 2024). Source: Nebraska Department of Banking and Finance This approval, anticipated…
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On-chain investigator ZachXBT recently shared data revealing that Coinbase users lose more than $300 million annually due to social engineering scams.Over the past few months, numerous users have taken to social media to report sudden account restrictions, which ZachXBT attributed to the exchange’s aggressive risk models and a failure to mitigate ongoing scams.The investigation, conducted in collaboration with a researcher identified as Tanuki42, analyzed Coinbase withdrawals and direct messages from victims to estimate the extent of thefts across multiple blockchain networks. Their data suggested that bad actors stole at least $65 million from Coinbase users between December 2024 and January 2025.…
Kraken, a well-known cryptocurrency exchange, recently announced on its X post that the exchange has received certificate of Markets in Financial Instrument Directive (MiFID). This certificate will help Kraken to provide its offerings within the EU region. Kraken obtains MiFID certificate in EU Why MiFID? The MiFID certificate is said to be stringent and is known to ensure investor protection, market integrity and transparency. It is considered to be a benchmark for regulatory excellence and certifies that the receiver is promoting fair and efficient market to its users. The certificate is also very well-recognized and respected throughout the EU region.…
The post Why Bitcoin, Ethereum, and XRP Prices are Crashing? appeared first on Coinpedia Fintech News The cryptocurrency market has displayed a strong bearish action overnight. Reportedly, the crypto space has lost over 8% in valuation in 24 hours. Moreover, the Bitcoin price plunged below $95,000, whereas Ethereum and Ripple tokens broke their important support trendlines. With this, top investors and institutions are macro and micro-monitoring the price action of the top 3 cryptocurrencies. Moreover, are you one of many who are planning on investing in these tokens but are concerned about their weekly prediction? Read now to Find out…
The cryptocurrency market has faced a substantial correction. Bitcoin (BTC) has dipped to the $95,000 level. The global crypto market cap has fallen 9.5% in the last 24 hours to $3.23 trillion. Ripple’s XRP has also faced a major correction in the previous few days.Also Read: Cramer’s Bold Palantir (PLTR) Call: 362% Surge Prognosis Ahead of Today’s Earnings!Cryptocurrency Market In The Red ZoneSource: Indiatimes.comXRP is down 17.1% in the daily charts, 13.8% in the weekly charts, 26.3% in the 14-day charts, and 1.3% over the previous month. Despite the dip, the asset has increased by 373.1% since January 2024.Source: CoinGeckoAlso…
Popular web3 digital horse racing platform ZED RUN will officially close on February 28.After several years of offering players the opportunity to race, breed, and trade digital horses using NFTs, the platform will hold its final event, the Sunset Stakes, to mark the end of its operations.This event, taking place from February 24 to February 26, 2025, will offer a $100,000 ZED token prize pool in an Open Class 1 tournament, giving players one last chance to compete before the platform transitions to its successor, ZED Champions. Source: ZED ChampionsWhat is Sunset Stakes?The Sunset Stakes will be the last major…
Midnight Society, the studio behind the game Deadrop, has confirmed its closure after facing financial difficulties and internal turmoil.The announcement came just days after employees were given a two-day notice that the company was shutting down. This closure follows the high-profile departure of co-founder Dr. Disrespect (Guy Beahm) in mid-2024 after allegations of inappropriate conduct.Although the studio had initially expressed confidence about continuing development and releasing Deadrop in 2025, the lack of funding and staff cuts ultimately led to its closure. Source: Midnight SocietyWhy is Midnight Society closing down?Midnight Society’s closure is largely attributed to a lack of funding. The…
India is reportedly reassessing its stance on crypto, signaling a potential shift in policy as international attitudes toward digital assets become more favorable, according to a Reuters report.This review aligns with recent developments, especially in the United States, where pro-crypto policies have gained momentum, which has bolstered expectations for expanded adoption of financial products linked to digital assets.Ajay Seth, India’s Economic Affairs Secretary, acknowledged that several jurisdictions had adjusted their stance on crypto, prompting the Asian country’s government to revisit its regulatory approach. This move suggests a willingness to explore more adaptive policies that could allow the sector to thrive.Industry…
If you thought the meme coin rivalry was over, think again. DogevsPepe is set to redefine the meme coin space with a high-stakes competition where only one token will reign supreme. With an exclusive whitelist opportunity now open and a presale showdown that’s beginning to buzz, DogevsPepe is emerging as the most exciting crypto battle of the year. This could be your golden ticket to massive gains.Why the Whitelist Is Your Key to Victory?Imagine being part of Dogecoin or Shiba Inu before they exploded in value. That’s the kind of opportunity DogevsPepe offers with its exclusive whitelist registration. Here’s why securing…
Source: Depositphotos Web3 is often described as the third-generation of the internet, and it introduces the concept of decentralized infrastructure and permissionless systems that aim to cut out middlemen and break the monopoly of web giants like Google and Microsoft. It’s aiming to displace Web2, which is the second-generation of the web and what most people continue to interact with. However, the progress of Web3 development has been slow – agonizingly slow, in fact. While there are millions and millions of Web2 applications in use today, only a handful of Web3 apps get any kind of attention, but that may…
