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A new OMFIF blog warns the UK is losing its early advantage in digital asset regulation, as the EU enforces MiCA and the US advances with the Genius Act. The UK’s unclear regulatory stance on digital assets is drawing sharp criticism from market participants, with some citing “policy procrastination” as a key reason the country…
ZachXBT claims over 80% of Garden Finance’s fees are tied to crypto laundering, challenging the project’s decentralization narrative. Blockchain sleuth ZachXBT has accused Garden Finance, which brands itself as “the fastest Bitcoin bridge,” of facilitating the laundering of funds linked to major crypto thefts, including the Bybit hack. In a June 21 post on X,…
The head of South Korea’s central bank reportedly said he isn’t against the issuance of a won-pegged stablecoin, but was wary of possible foreign exchange issues. The head of South Korea’s central bank has reportedly said he is not against the country issuing a won-based stablecoin, but is still concerned about managing the foreign exchange…
Blockchain sleuths ZachXBT and Taylor Monahan say crypto scammers have been emboldened with US regulators dropping crypto-related court cases and politicians endorsing memecoins. Memecoins promoted by political figures like Donald Trump, lax regulations, and crypto court cases abandoned by US regulators have kicked off a crypto “crime supercycle,” say a pair of blockchain crime investigators. …
The Arizona Senate has voted to revive House Bill 2324, a Bitcoin reserve bill that initially failed in the House. One of Arizona’s Bitcoin reserve bills has been revived after the state’s Senate passed a motion to reconsider the bill on Thursday. House Bill 2324 was initially voted down in the House during its third…
The platform launched the betting market for the GENIUS Act after the US Senate passed it on Tuesday. Cryptocurrency users are betting on the odds that US legislation to regulate payment stablecoins will move forward, following a crucial vote in the Senate and a public push from President Donald Trump to “get it to [his]…
The platform launched the betting market for the GENIUS Act after the US Senate passed it on Tuesday. Cryptocurrency users are betting on the odds that US legislation to regulate payment stablecoins will move forward, following a crucial vote in the Senate and a public push from President Donald Trump to “get it to [his]…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Elon Musk’s X platform is eyeing a 2025 launch for its financial services arm. In South Korea, the top financial regulator will probe fees…
Russia will continue taking measures to encourage crypto mining businesses to register with the tax authority, including imposing bigger penalties for violations. Russia’s cryptocurrency laws have not convinced most mining businesses to register with authorities, as only 30% of the miners have entered the Federal Tax Service Register since late 2024. The Russian government began…
Bitget picks Georgia for its next step in Eastern Europe, attracted by clear regulations, tax benefits, and a growing crypto user base. Bitget has obtained regulatory approval in Georgia to operate as a digital asset exchange and custodial wallet provider within the Tbilisi Free Zone (TFZ). This move expands Bitget’s licensing presence in Eastern Europe,…