Crypto firm LevelField secures Illinois approval to buy Chicago bank

Crypto firm LevelField secures Illinois approval to buy Chicago bank

LevelField could become the first crypto-friendly FDIC-insured bank to offer crypto services after receiving approval from the Illinois financial regulator to acquire Burling Bank. Digital asset-focused fintech firm LevelField Financial said it has secured conditional regulatory approval to acquire Chicago-based Burling Bank, marking one of the most notable crypto-banking acquisitions in recent months. The move…

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Here’s what happened in crypto today

Here’s what happened in crypto today

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, CoinShares reported Monday that crypto investment products saw their largest outflow of funds since February amid an ongoing period of market panic, Bitcoin briefly…

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Here’s what happened in crypto today

Here’s what happened in crypto today

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, Solari Capital, led by AJ Scaramucci, has put more than $100 million into American Bitcoin, a crypto executive weighs in on investor outlook beyond…

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Japan’s FSA plans to classify crypto as financial products, eyes 20% tax rate: Report

Japan’s FSA plans to classify crypto as financial products, eyes 20% tax rate: Report

Japan’s FSA plans to reclassify crypto as financial products, enforce new disclosure and insider trading rules, and cut the crypto tax rate from 55% to a flat 20%. Japan’s Financial Services Agency (FSA) is preparing an overhaul of the country’s crypto regulatory framework, moving to classify digital assets as “financial products” under the Financial Instruments…

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Here’s what happened in crypto today

Here’s what happened in crypto today

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, US spot Bitcoin exchange-traded funds (ETFs) saw $866 million in outflows as the US government shutdown ended, pushing BTC to a six-month low and…

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Chainalysis says pig-butchering is becoming a national security threat

Chainalysis says pig-butchering is becoming a national security threat

Pig-butchering scams are expanding into a transnational crime model, blending trafficking and crypto laundering on a massive scale. The multibillion-dollar scam known as “pig-butchering,” once treated as a consumer-fraud issue, has crossed a new threshold, prompting concerns over national security.  In a podcast, Chainalysis head of national security intelligence, Andrew Fierman and former prosecutor Erin…

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