Author: John Smith
XRP price continued to slide for the second straight day despite getting approval for the first spot ETF listing in Canada. According to recent reports, asset manager Purpose Investments has received final approval from Canadian regulators to launch the country’s first spot XRP ETF. Trading for the Purpose XRP ETF will begin on Wednesday, June 18, on the Toronto Stock Exchange under the ticker XRPP. Despite the approval giving Canadian investors an easy and regulated way to access XRP, it didn’t lift sentiment, and the token stayed under pressure. XRP (XRP) price dropped 3.4% in the past 24 hours to…
The Winklevoss twins-owned crypto exchange Gemini has filed a formal complaint against the Commodity Futures Trading Commission (CFTC), pushing back against a legal battle from 2022. In a recently submitted 13-page letter to CFTC Inspector General Christopher Skinner, Gemini accused the agency’s enforcement division of waging a years-long “lawfare” campaign driven by litigators’ personal ambition rather than public interest. The dispute stems from the 2022 lawsuit filed by the CFTC against Gemini. At the time, the agency claimed that the exchange made misleading statements back in 2017 about how its Bitcoin (BTC) auction prices could be manipulated, resulting in a…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The original purpose of crypto as a tool to bypass centralized finance and give people control back has evolved beyond its initial user base. According to one report, worldwide crypto ownership exceeds 824 million people, and another study shows millennials lead this adoption charge. As the use of crypto edges toward payrolls, point-of-sale terminals, and household budgets, the conversation has to shift from novelty to responsibility. Whether crypto becomes a dependable pillar of the global economy depends…
Iran’s largest crypto exchange, Nobitex, has confirmed a security breach that resulted in the loss of a significant amount of digital assets, as tensions between Iran and Israel spill over into cyberspace. On June 18, Nobitex posted a statement on X acknowledging the incident, stating that unauthorized access had been detected in its hot wallet and reporting infrastructure earlier that morning. The platform promised to use its insurance fund and internal reserves to fully compensate impacted clients and reassured users that cold-stored funds would remain safe. اطلاعیه در خصوص حادثه امنیتیصبح امروز ۲۸ خرداد، تیم فنی ما نشانههایی از دسترسی…
Key Takeaways Operators of crypto ATMs in Spokane have 60 days to dismantle and remove their machines or face civil infractions, including the potential revocation of business licenses. The ban, authored by Councilmember Paul Dillon, was triggered by concerns over a surge in crypto scams Spokane, Washington, has enacted a citywide ban on cryptocurrency ATMs, becoming the first jurisdiction in the state to do so. The decision follows a unanimous vote by the Spokane City Council on Monday, citing an alarming rise in fraud cases involving virtual currency kiosks. Effective immediately, operators of crypto ATMs in Spokane have 60 days…
Thailand has announced a five-year exemption on capital gains tax for crypto transactions, aiming to boost tax revenue and position the country as a global digital asset hub. Thailand’s Ministry of Finance has approved a new tax measure aimed at promoting the country as a global digital asset hub. Deputy Finance Minister Julapun Amornvivat announced on Jun. 17 that the measure will exempt personal income tax on capital gains from the sale of digital assets made through licensed digital asset businesses — including exchanges, brokers, and dealers — under the 2018 Royal Decree on Digital Asset Businesses. This exemption will…
Crypto ATM operators in Washington’s Spokane City have been ordered to remove their kiosks within 60 days following a citywide ban. The decision was enacted following a unanimous vote during the Spokane City Council’s legislative session on June 17, making it the first city in Washington to formally ban virtual currency kiosks in response to a rise in scams targeting residents. The ordinance, titled “Virtual Currency Kiosk Prohibition for a Safer Spokane,” was introduced by Council Member Paul Dillon in collaboration with Council President Betsy Wilkerson. Officials said the measure was introduced to curb fraudulent losses tied to crypto kiosks,…
Automation has become a cornerstone of efficiency in 2025, with AI-driven tools revolutionising how businesses and individuals streamline repetitive tasks. From small startups to large enterprises, AI automation tools save time, reduce errors, and unlock productivity. This article explores seven leading AI automation platforms—Zapier, Lindy, Make, n8n, SuperAGI, Bardeen, and Cassidy—highlighting their features, strengths, and ideal use cases to help you choose the right tool for your needs. What Makes a Great AI Automation Tool? Before diving into the tools, let’s define what makes an AI automation platform stand out: Ease of Use: No-code or low-code interfaces for accessibility. Integrations:…
Hong Kong-based e-commerce firm JD.com plans to issue its own stablecoin backed by the Hong Kong dollar by the end of 2025 and potentially support other stablecoins. In an interview with Bloomberg Businessweek, the e-CEO of JD CoinChain Technology Liu Peng that the e-commerce platform has registered itself for the government’s stablecoin issuer “sandbox,” becoming one of the three companies in the region to join the initiative. According to Peng, JD.com’s testing phase within the sandbox programme is progressing smoothly. He hinted that the platform may plan to launch stablecoins backed by the Hong Kong dollar and other currencies soon.…
JPMorgan is set to test a new digital deposit token, JPMD, on Coinbase’s Base blockchain, a move that expands the bank’s blockchain footprint beyond internal systems. As reported by Bloomberg on June 17, the pilot will see a fixed amount of JPMD, backed one-for-one by U.S. dollar deposits, transferred from JPMorgan’s wallet to Coinbase. The token will initially be available to institutional clients for transactions, with plans to broaden access and support other currencies pending regulatory approval. The launch marks a significant evolution in JPMorgan’s use of blockchain technology. The bank already operates Kinexys, its in-house platform for digital payments…