How FDIC Forces Banks to Stop Services to Crypto Clients
On Feb. 5, 2025, the Federal Deposit Insurance Corporation released 175 documents from the Biden-era FDIC correspondence ahead of the U.S. Senate Banking Committee GOP hearing on the debanking of crypto companies. New documents reveal new details of the so-called “Operation Choke Point 2.0.” Following Trump’s inauguration, a pro-crypto team took the FDIC over and […]
Russian man sentenced to 7 years in prison for sending crypto to Ukrainian armed forces
A Russian citizen from Yakutia has been sentenced to seven years of prison for funding the Ukrainian Armed Forces by sending cryptocurrencies to their account. According to Russian media outlet Izvestia, the man is currently being held in a high-security holding facility for providing financial assistance to the Armed Forces of Ukraine or AFU. This […]
io.net and Injective join forces to power DeFAI
io.net and Injective are joining forces to power the future of decentralized finance and artificial intelligence on the Injective network. Decentralized physical infrastructure network io.net (IO) will help bring this into reality with the expansion of its decentralized GPU compute network to Injective (INJ). The Injective team announced the development via a blog post on […]
Babylon Labs joins forces with Fiamma to unlock Bitcoin DeFi
Babylon Labs and Fiamma, a Lightspeed Faction-backed platform focused on unlocking real-world assets on Bitcoin, are teaming up to advance a BTC-secured decentralized world. Fiamma has secured a strategic investment from Babylon Labs to help bring this vision to market, according to a press release. As the two platforms look to boost a Bitcoin (BTC) […]
Binance Labs and THENA join forces to advance the BNB Chain ecosystem
THENA secures strategic investment from Binance Labs to drive DeFi innovation. THENA (THE), a decentralized exchange and liquidity mechanism on the BNB Chain, has secured investment from Binance Labs, the venture financing and incubator arm of Binance. Launched in Jan. 2023, THE adopts the innovative ve(3,3) tokenomics model, which is a blend of decentralized governance […]
Web3 smart ring developer CUDIS joins forces with Californian sports giant
Draper Associates-backed CUDIS has partnered with UCLA Athletics for a year-long collaboration to promote web3 smart rings among students and athletes. The web3 wellness company CUDIS has announced a one-year partnership with UCLA Athletics, a Californian collegiate sports program, to promote its AI-powered smart rings. According to a Thursday press release shared with crypto.news, the […]
