President-elect Donald Trump's pick for Treasury Secretary Scott Bessent says he sees "no reason" for the U.S. to have a central bank digital currency.During his nomination hearing on Thursday before the Senate Finance Committee, the hedge fund manag

Bankrupt cryptocurrency exchange FTX clarified today (Thursday) that Backpack's "purported" acquisition of its Cyprus division has not been approved by the court, nor has Backpack been authorised to distribute funds to FTX customers.Further, the pres

Ahmad Shadid, founder of Io.net, has invested $130 million of his personal funds to develop a Decentralized AI Managed Organization (DeAIO) through O.XYZ, according to a Dec. 7 statement shared with Crypto Briefing. The project aims to create a self-

Remember FTX? The European branch of the once-popular cryptocurrency exchange that became the center of a major scandal in 2022 has just been acquired. Backpack has become the new owner of FTX EU.Although Backpack currently ranks only 200th in CoinMa

A U.S. Securities and Exchange Commission (SEC) commissioner has urged the U.S. to adopt a more proactive approach to crypto regulation, pointing to the leadership of Indo-Pacific nations like Japan, Singapore, and Hong Kong. He emphasized that these