Source: Midjourney

Brazil’s Méliuz Allocates $28M to Bitcoin Treasury as Shares Climb 116%

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. On May 15, Brazilian fintech Méliuz (CASH3.SA) acquired 274.52 Bitcoin at an average price of $103,604, costing the firm $28.4 million. The May 15 purchase, approved during an extraordinary shareholders’ meeting, formally established… Continue reading Brazil’s Méliuz Allocates $28M to Bitcoin Treasury as Shares Climb 116%

Source: Midjourney

European Police Arrest 17 in €21M ‘Mafia Crypto Bank’ Tied to China and Middle East

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Europol and Spanish police took down a massive “mafia crypto bank” on May 14. The criminal network laundered over €21 million ($23.5 million) in cryptocurrency. Chinese and Middle Eastern crime groups used their… Continue reading European Police Arrest 17 in €21M ‘Mafia Crypto Bank’ Tied to China and Middle East

Source: Unsplash

Xinbi Exposed: How a Colorado-Registered Firm Laundered $8.4B in Crypto for Criminals

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. On May 13, blockchain analytics firm Elliptic exposed Xinbi Guarantee, a Chinese-language Telegram marketplace, for laundering at least $8.4 billion in stablecoins and other crypto assets. Registered legally as Xinbi Co. Ltd in… Continue reading Xinbi Exposed: How a Colorado-Registered Firm Laundered $8.4B in Crypto for Criminals

Dubai Enters Agreement with Crypto.com to Power Government Crypto Payment Channel

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. On May 12, Dubai’s Department of Finance signed a Memorandum of Understanding (MoU) with Crypto.com to process all government service fees in cryptocurrency. This agreement was formalized at the Dubai Fintech Summit. Residents… Continue reading Dubai Enters Agreement with Crypto.com to Power Government Crypto Payment Channel

Source: Unsplash

Meta Eyes Stablecoin Integration for Payouts Through Crypto Collaborations

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Facebook’s parent company Meta is in talks with cryptocurrency firms to integrate stablecoin payments into its platforms. According to an exclusive report by Fortune, three sources disclosed that Meta reached out to several… Continue reading Meta Eyes Stablecoin Integration for Payouts Through Crypto Collaborations