BLUI Token is Up 10,000% Overnight and Crypto Experts Say This Lesser Known Crypto is Next – Here’s Why

BluiCoin (BLUI) was one of the biggest crypto gainers yesterday, boasting an extraordinary surge of 10,016%. At one point the meme coin was up by 21,830% when it ascended to an intraday high of $0.000000003590 before profit-taking forced its price to retreat to a closing of $0.000000001864. BLUI’s journey continues to be tumultuous today, with … Read more

Thodex founder handed over 460 life sentences in prison for massive Turkish crypto scandal

Fatih Özer, the founder of the failed crypto exchange Thodex, has been sentenced to 11,196 years, equivalent to 466 life sentences, in Turkish prison, Bloomberg reported on Sept. 7. Özer was sentenced alongside his brother Güven Özer and sister Serap Özer for fraud, among other related crimes such as organizing and managing criminal organizations, laundering … Read more

Nomura’s Crypto Arm Might Take Longer Time to Turn Profitable After Market Rout: CEO

Source: Nomura Laser Digital, the digital asset subsidiary of the Japanese financial services giant Nomura, might take a longer time to turn profitable than expected, as the company is still grappling to recover from the sector’s turmoil. Laser Digital had previously forecasted to make profits by 2024. However, in an interview with Bloomberg, the company’s … Read more

Crypto Project TON Foundation Completes Transition, Registers as Swiss Non-Profit

Source: Adobe / manabanana The team overseeing The Open Network(TON) blockchain has completed its transition into a Swiss non-profit organization. Per a press release from the TON Foundation, this marks a “next chapter for the TONcoin community” given Switzerland’s regulatory clarity for the crypto industry and its history of technological progress. In a statement, TON … Read more

SEC Settles Charges Against Linus Financial Over Unregistered Retail Crypto Lending Product

Source: Getty Images The US Securities and Exchange Commission (SEC) announced Thursday that it will settle charges against Tennessee-based fintech firm Linus Financial over sales of an unregistered cryptocurrency lending product. The regulator declared that it will abstain from imposing civil penalties against Linus Financial due to the firm’s immediate cooperation and prompt remedial actions. … Read more

US Senator Says Lack of Regulatory Clarity is Driving Crypto Outside the US

Source: AdobeStock/rarrarorro Senator Bill Hagerty (R-Tenn.) has said that the lack of regulatory clarity in the United States is creating an unfavorable environment, driving crypto companies outside the country.  “It is a terrible environment. For those companies who are trying to invest and expand, it’s forcing them to look overseas to more favorable regulatory environments,” Hagerty said while … Read more

Key G20 Policy Paper Suggests Against Blanket Crypto Ban, Calls for Comprehensive Regulatory Oversight

Source: Pexels A joint synthesis paper from the International Monetary Fund (IMF) and the Financial Stability Board (FSB) on crypto regulations is set to be presented to G20 members during the leadership summit under India’s presidency on 9th and 10th September.   The key policy paper, released on Thursday, acknowledges the challenges of enforcing a blanket … Read more