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…
In a major regulatory push, the Bank of France has called for reinforcing the European Union’s crypto regulatory framework, specifically around stablecoin payments, as questions grow over whether existing rules are sufficient to manage the risks posed by these digital…
The US Commodity Futures Trading Commission (CFTC) has named the founding members of its new Innovation Task Force, a group assembled to help the agency develop regulatory frameworks across digital assets, artificial intelligence (AI) and prediction markets. The task force…
Global investing for Indians is rapidly evolving, with platforms taking very different approaches to US market access. CoinDCX is focusing on speed and flexibility through USD stock futures, enabling INR-based trading without cross-border friction. In contrast, Zerodha is building a…
Key Takeaways In a major development, the Securities and Exchange Commission (SEC) has tapped David Woodcock to lead its division of enforcement, a month after its predecessor resigned. Woodcock takes over on May 4, with Sam Waldon continuing as acting…
Rwanda’s National Bank moved swiftly to remind the public that cryptocurrency transactions involving the Rwandan franc remain illegal, days after crypto exchange Bybit quietly added franc support to its peer-to-peer trading platform. The matter came to light after Bybit announced…
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