News

MoonPay acquires Helio for $175M

January 15, 2025 1 min read

MoonPay has acquired Helio, a blockchain payment processor based on Solana, for $175 million, its largest acquisition to date. This deal aims to enhance MoonPay’s crypto payment services and broaden solutions for merchants and marketplaces. MoonPay supports over 30 fiat currencies and 110 cryptocurrencies across 160 countries, and this acquisition is seen as a vital step in strengthening its infrastructure. Initially, the acquisition was estimated at $150 million, but the

Cardano’s Charles Hoskinson confirms talks with Ripple to integrate RLUSD

January 14, 2025 1 min read

Charles Hoskinson, the founder of Cardano, has announced ongoing discussions to integrate Ripple’s new stablecoin, RLUSD, into the Cardano blockchain. Launched in December, RLUSD has gained traction as a regulatory-approved stablecoin with promising potential in the cryptocurrency market. Integrating RLUSD could enhance Cardano’s decentralized finance (DeFi) ecosystem, increasing its adoption and visibility. In a recent social media post, Hoskinson highlighted the need to strengthen Cardano’s stablecoin offerings, which already include

Sony unveils the Soneium Mainnet, advancing Web3 with 15M wallets

January 14, 2025 1 min read

Sony has launched the mainnet for its blockchain platform, Soneium, marking a significant step in its Web3 strategy. Developed by Sony Block Solutions Labs in partnership with Startale, Soneium aims to transform entertainment, gaming, and finance using blockchain technology. Following a successful testnet phase, Soneium now has 15 million active wallets and over 47 million transactions. The mainnet launch builds on the earlier testnet, Soneium Minato, which allowed users to

Indian Railways issues NFT-based train tickets

January 14, 2025 1 min read

Indian Railways is set to introduce NFT-based train tickets for the MahaKumbh Mela 2025, collaborating with Chaincode Consulting. These tickets, minted on the Polygon blockchain, enhance the travel experience for millions attending this significant Hindu pilgrimage. The MahaKumbh Mela occurs every 144 years in Prayagraj, Uttar Pradesh, and is recognized by UNESCO as a World Heritage of Humanity. The use of non-fungible tokens (NFTs) for ticketing combines tradition with modern

Tether is relocating its headquarters to El Salvador

January 14, 2025 1 min read

Tether, a major cryptocurrency firm known for its stablecoin USDT, is moving its headquarters to El Salvador. This decision supports El Salvador’s aim to become a cryptocurrency trading center, as stated by CEO Paolo Ardoino. Along with the headquarters, Ardoino and other co-founders will relocate to the country. El Salvador gained attention three years ago when President Nayib Bukele made Bitcoin legal tender alongside the U.S. dollar. Tether is taking

JPMorgan CEO Jamie Dimon criticizes Bitcoin as lacking value

January 14, 2025 1 min read

Jamie Dimon, the CEO of JPMorgan, has expressed his skepticism about Bitcoin, likening it to an unhealthy habit like smoking. In a CBS News interview on January 12, he criticized Bitcoin for lacking intrinsic value and being associated with illegal activities such as money laundering and sex trafficking. Although he sees potential in digital currencies, Dimon remains opposed to Bitcoin specifically. Dimon clarified that he is not against all cryptocurrencies

Leading NFT marketplace OpenSea data breach exposes over 7M email addresses

January 14, 2025 1 min read

In June 2022, OpenSea, a leading NFT marketplace, experienced a significant data breach. A Customer.io employee accidentally exposed over seven million email addresses of OpenSea users. Initially, OpenSea informed users about the breach, but the complete list of affected emails was released later. This leak poses a serious risk as scammers may target these users. The leaked emails include addresses from notable figures and organizations in the cryptocurrency sector, making

Blockchain-based prediction site Polymarket faces a ban in Singapore

January 14, 2025 1 min read

Polymarket, a blockchain-based prediction platform, has been banned in Singapore for being an unlicensed gambling site. This action is in line with Singapore’s strict gambling regulations, which only permit betting through state-approved operators. The ban adds to Polymarket’s regulatory issues in the United States and France. On January 12, Alex Zuo, Vice President of Investment and Custody at Cobo Global, announced on X (formerly Twitter) that Singapore had officially classified

Hacker hacks Litecoin’s X account to promote a fake Solana-based token

January 13, 2025 1 min read

Today, reports emerged that the official X account of Litecoin was hacked. The hacker used the account to promote a fake token based on Solana, which shared the same LTC ticker as the real Litecoin. This unauthorized post included a contract address for the fraudulent token, causing its market cap to briefly rise to $27,000 before dropping to $3,400, according to DEX Screener. The misleading tweet was later removed. Litecoin

Mango Markets shuts down operations

January 13, 2025 1 min read

Mango Markets, a decentralized exchange on the Solana blockchain, is shutting down due to legal issues, including a settlement with the US Securities and Exchange Commission (SEC). Launched in August 2021, Mango aimed to offer fast and affordable trading using its MNGO token. However, in September 2024, the SEC charged Mango DAO, the platform’s governing body, for selling unregistered MNGO tokens during a fundraising round that raised over $70 million.

Indian crypto Mudrex pauses crypto withdrawals until January 28

January 13, 2025 1 min read

Mudrex, an Indian cryptocurrency exchange, recently halted crypto withdrawals, causing confusion and frustration among users. The suspension, announced on January 11, will last until January 28. Mudrex stated that the pause is necessary to enhance the platform’s systems and prevent misuse by malicious actors. CEO Edul Patel emphasized the importance of ensuring security when handling crypto to avoid illegal activities. Despite being one of the few exchanges in India allowing

Shiba Inu announces the WHY Combinator initiative for the meme coin

January 13, 2025 1 min read

Shiba Inu’s lead developer, Shytoshi Kusama, has introduced the WHY Combinator, a decentralized initiative designed to promote growth in the meme coin space. This program aims to enhance the utility of the BONE token and support innovative projects. In a blog post dated January 11, Kusama shared the initiative’s objectives and recent advancements in the Shiba Inu ecosystem. He mentioned the development of over 30 technological tools, referred to as