Kroo, a digital bank based in London, has announced its decision to prohibit customers from engaging in cryptocurrency transactions. This move is a response to the rising number of online fraud cases and scams linked to cryptocurrencies.

As per Kroo’s updated terms and conditions, the bank will impose restrictions on accounts involved in cryptocurrency activities. Specifically, if an account is used to purchase or trade cryptocurrencies, or if credits from cryptocurrency transactions are received, Kroo will block the payments. Persisting in such activities may lead to the closure of the account. Additionally, the bank reserves the right to freeze accounts if any suspicion of crypto-related use arises.

Effective from May 30, 2024, Kroo will no longer support bank transfers or card transactions associated with cryptocurrencies, as stated by the bank.

JPMorgan is skeptical about the United States Securities and Exchange Commission approving Solana and other crypto exchange-traded funds now that Ethereum ETFs have been approved.

"We doubt. The decision by the SEC to approve ETH ETFs is already stretched given the ambiguity about whether Ethereum should be classified as security or not. We don't think the SEC would go even further by approving Solana or other token ETFs given the SEC has stronger (relative to Ethereum) opinion that tokens outside bitcoin and Ethereum should be classified as securities," Panigirtzoglou said.

Last week, the SEC abruptly approved spot Ethereum ETFs, with several analysts saying it was a politically motivated decision as the SEC only re-engaged with stakeholders at the last minute, following months of stalled conversations.

A diminutive Japanese dog who became the face of Dogecoin has died.

Kabosu, who inspired the viral Doge meme and became the face of the satirical cryptocurrency championed by Elon Musk, passed away on Friday at the age of 18, her owner said.

The Shiba Inu had been seriously ill with liver disease and leukemia since 2022.

"To all of you who loved Kabosu — on the morning of the 24th of May, Kabosu crossed the rainbow bridge," Kabosu's owner, Atsuko Sato, wrote on Instagram.

At the start of the year, Bitcoin received the inaugural crypto-based ETF in the United States. Shortly after, all eyes were directed to what asset could receive the next approval. Now, that question seems to be answered, with the SEC likely to approve Ether’s iteration of the investment product.

The arrival of a Spot Ethereum ETF should have a profound impact on the market overall. Indeed, Bitcoin and Ethereum are both projected to reach all-time highs following the product’s arrival, according to Standard Chartered Bank.

The Venezuelan government has joined the list of countries that have frowned on crypto mining due to its hefty electricity demands.

According to a local news outlet, Venezuela’s Ministry of Electric Power has unveiled plans to disconnect cryptocurrency mining farms from the national grid. The move aims to regulate excessive energy consumption and guarantee a stable power supply for the population.

This move follows a recent crackdown involving the confiscation of 2,000 cryptocurrency mining devices in the city of Maracay as part of an anti-corruption initiative.