Key Takeaways The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has issued an alert outlining how crypto are being used to launder proceeds from the trafficking of synthetic fentanyl and opioids. The alert aims to enhance awareness of…
Key Takeaways On January 23, newly-elected US President Donald Trump signed an executive order to establish an internal working group tasked with fostering crypto innovation and development in the U.S. The move, announced during a televised address from the Oval…
Key Takeaways The U.S. Securities and Exchange Commission (SEC) has repealed Staff Accounting Bulletin (SAB) 121, which required companies to record digital assets held in custody as both an asset and a liability on their balance sheets. SAB 121, treated…
Key Takeaways Leading decentralised cross-chain liquidity protocol, THORChain, has temporarily suspended its Bitcoin (BTC) and Ethereum (ETH) lending and savings programs. The decision, made by the protocol’s network node operators is part of an effort to avoid insolvency and restructure…
Key Takeaways Leading Singapore-based crypto exchange Phemex is currently investigating a hack that has led to one of its hot wallets being drained for around $29 million worth of crypto In response to the hack, the exchange has halted withdrawals.…
Key Takeaways In a significant development, US state Kansas State Senator Craig Bowser has put forth Senate Bill 34 which introduces Kansas Public Employees Retirement System (KPERS) to invest up to 10% of its funds in Bitcoin-related financial products. As…
Key Takeaways The Singapore High Court has approved a restructuring plan for WazirX, the Indian crypto exchange that suffered a $230 Million hack in July 2024. The plan, filed by WazirX’s parent company, aims to facilitate the recovery and return…
Key Takeaways North Dakota has put forth a new legislative proposal tackling crypto atm scams aimed at improving consumer protection. The House bill 1447, introduced by House Representative Steve Swiontek, seeks to impose stricter safeguards on crypto ATMs. Swiontek, the…
Key Takeaways Coinbase has petitioned the Second Circuit Court of Appeals to rule on whether crypto trading on its platform should fall under U.S. securities laws. In a filing on January 21, 2025, Coinbase’s legal team urged the court to…
Key Takeaways On Tuesday, Circle, announced the acquisition of Hashnote, a prominent issuer of tokenized real-world assets (RWAs). The deal was finalized the same day and unveiled at the World Economic Forum in Davos, Switzerland. Circle has not disclosed the…
