In a major development, leading venture capital firm, Andreessen Horowitz (A16z), has entered the growing standoff between federal and state regulators over prediction markets, filing a comment letter on Thursday that supports the Commodity Futures Trading Commission (CFTC) and pushes…
In a major development, four Japanese government bodies have jointly flagged crypto assets as a high-risk payment method in real estate transactions, warning the property industry that the technology’s cross-border transfer capabilities make it particularly susceptible to money laundering. The…
Key Takeaways A latest report by Apex has revealed that Singapore and the United Arab Emirates (UAE) have emerged as the leading nations in global cryptocurrency adoption. Singapore ranked first with a composite score of 100. Ownership levels reached 24.4%…
Moscow’s push to bring its cryptocurrency market under control has entered a new phase with the Russian government submitting a legislation to the State Duma that would make operating outside state-sanctioned crypto infrastructure a criminal offense. Under the proposed law,…
Federal securities regulators have filed suit against Donald Basile, a crypto executive accused of raising roughly $16 million from hundreds of investors through a digital token scheme built almost entirely on false promises, officials said. The US Securities and Exchange…
Sanctioned Kyrgystan-registered cryptocurrency exchange Grinex has halted trading after attackers pulled over one billion Russian rubles from its wallets, with the platform attributing the breach to foreign state actors and calling it a deliberate assault on Russia’s financial system. Grinex…
In a significant development, the Ethereum Foundation has revealed details of a funded initiative that successfully identified around 100 individuals linked to North Korea who had quietly embedded themselves inside Web3 organizations using fabricated identities. The disclosure came through a…
A US federal judge has handed down a 23-year prison term to a Texas man whose years-long cryptocurrency fraud operation –Meta-1 Coin Trust– drained more than $20 million from hundreds of unsuspecting investors. U.S. District Judge LaShonda A. Hunt of…
Key Takeaways Two key US Senators Elizabeth Warren and Elissa Slotkin have called on federal inspectors general to launch an investigation into two senior White House officials, David Sacks and Steve Witkoff, over alleged conflicts of interest tied to the…
Key Takeaways In a major regulatory move, Australia’s Treasury has unveiled draft legislation that would require crypto exchanges and certain digital asset service providers to obtain Australian financial services licenses, marking a significant shift in the country’s regulatory framework. The…
