cryptocurrency
Pardoned Binance Founder Changpeng Zhao Faces New Lawsuit Alleging $415 Million Transfer to Terrorist Organizations
Nov 27, 2025 01:24 pm CST
Binance founder Changpeng Zhao, recently pardoned by President Trump, now faces a lawsuit from families of victims of the October 7 attack on Israel. The lawsuit alleges that Binance facilitated over $415 million in cryptocurrency transfers to terrorist organizations including Hamas and Hezbollah, with plaintiffs seeking treble damages under international terrorism compensation laws.
Engineering Students Arrested in Major Rs 90-Crore Cyber Fraud Operation in Puducherry
Nov 27, 2025 02:40 am CST
Puducherry's Cyber Crime Police have uncovered a sophisticated cyber-fraud network operated from an engineering college, involving students selling bank accounts to criminals who laundered Rs 90-crore through India before converting it to cryptocurrency via Dubai and China networks. Seven individuals have been arrested in this international money laundering operation that highlights the growing sophistication of cyber financial crimes.
Central Banks Remain Cautious on AI Adoption While Dollar Dominance Persists Despite Diversification Efforts
Nov 27, 2025 02:26 am CST
A survey of central banks managing $6.5 trillion reveals most haven't integrated AI into core operations, with 93% avoiding digital assets. Despite desires to diversify from the dollar, its unmatched liquidity maintains its dominance as the global reserve currency amid shifting toward a multipolar financial system.
Binance Faces $1 Billion Lawsuit from Hamas Attack Victims for Allegedly Facilitating Terrorist Financing
Nov 25, 2025 02:10 pm CST
Over 300 victims and family members of the October 7, 2023 Hamas attack have filed a lawsuit against cryptocurrency platform Binance, claiming it knowingly facilitated over $1 billion in transactions for terrorist organizations. The plaintiffs allege that Binance, its co-founder Changpeng Zhao, and executive Guangying Chen violated anti-terrorism laws by enabling financial transactions that supported Hamas and other designated terrorist groups.
World Economic Forum Chief Warns of Three Major Financial Bubbles: AI, Crypto, and Debt
Nov 06, 2025 12:26 am CST
The President of the World Economic Forum, Borge Brende, has issued a warning about three potential financial bubbles—cryptocurrency, artificial intelligence, and debt—amidst recent declines in global technology stocks. While offering caution against market volatility, Brende also highlighted AI's dual potential to enhance productivity while threatening white-collar jobs across major cities.
Delhi Police Dismantle International Cybercrime Network Operating Across 12 Indian States
Oct 31, 2025 08:36 pm CST
Delhi Police have arrested five individuals, including a bank official, who were part of a sophisticated cybercrime operation controlled from Dubai. The syndicate created fake companies and bank accounts to launder money from victims across India, eventually converting funds to cryptocurrency to avoid detection. Investigations revealed connections to 52 fraud cases spanning 12 states, with operations directed by an overseas handler identified as "Tom."
Ferrari Launches Exclusive Digital Token for Le Mans Car Auction: Embracing Cryptocurrency for Elite Clientele
Oct 27, 2025 03:01 pm CST
Ferrari is entering the cryptocurrency market with an exclusive digital token designed for its Hyperclub members. The 'Token Ferrari 499P' will allow Ferrari's most dedicated clients to participate in auctions for the Le Mans-winning Ferrari 499P endurance car, marking the luxury automaker's strategic expansion into blockchain technology to engage wealthy tech enthusiasts and strengthen customer loyalty.
Madras High Court Landmark Ruling: Cryptocurrency Recognized as Legal Property Under Indian Law
Oct 26, 2025 08:28 pm CST
In a groundbreaking decision, the Madras High Court has officially recognized cryptocurrency as property under Indian law. Justice N Anand Venkatesh ruled that digital currencies, while not tangible assets or conventional currency, qualify as property capable of being owned, transferred, and held in trust. This landmark judgment provides crucial legal clarity for digital asset holders in India and aligns with similar rulings in global jurisdictions.
Bitcoin Sets New All-Time High Above $125,000 Amid US Government Shutdown: Safe-Haven Asset Rally Continues
Oct 06, 2025 03:47 pm CST
Bitcoin reached a new record high of $125,689 amid the US government shutdown, highlighting its growing status as a safe-haven asset alongside gold. Analysts project potential resistance at $135,000 with $150,000 in sight if momentum continues, while warning about possible volatility due to increasing leverage in the market. Other major cryptocurrencies like Ether and XRP remain relatively stable in this bullish environment.
TOKEN2049 Singapore: Major Crypto Conference Draws 25,000 Attendees as Asia's Digital Asset Market Thrives
Oct 02, 2025 10:01 pm CST
Singapore's TOKEN2049 conference attracted 25,000 participants amid Asia's booming crypto market, featuring Donald Trump Jr. and optimistic predictions about trillion-dollar stablecoin markets. The event reinforced Singapore's position as an emerging global cryptocurrency hub while showcasing the industry's growing mainstream appeal through various entertainment activities and high-profile discussions.