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Policy
US Secret Service Takes Lead in Combating Crypto Crime Amid Rising Digital Fraud
The US Secret Service has transformed into a key player in the fight against cryptocurrency-related crimes, as reported by Bloomberg on a Saturday. Through its Global Investigative Operations Center, the agency has confiscated approximately $400 million in digital assets over the past decade, with a substantial portion stored in a highly valuable cold wallet. As digital fraud dominates internet c…
July 7, 2025, 8:29 a.m.
Policy
UAE Officials Dismiss Claims of Obtaining Golden Visa Through Toncoin Investment
The United Arab Emirates authorities have categorically denied reports that individuals can secure a Golden Visa by investing in Toncoin. In a joint statement, the Federal Authority for Identity, Citizenship, Customs and Port Security, the Securities and Commodities Authority, and Dubai's Virtual Assets Regulatory Authority clarified that there is no such arrangement in place. The authorities emp…
July 7, 2025, 4:23 a.m.
Policy
Elon Musk Announces America Party's Intention to Adopt Bitcoin, Citing Fiat Currency Shortcomings
According to Elon Musk, his newly proposed 'America Party' will support bitcoin. The party, which is still in its formative stages, is a centrist, pro-technology organization that Musk plans to establish following his public split from President Donald Trump. Musk expressed his intention to adopt bitcoin on the X platform. As a long-time advocate for cryptocurrencies, Musk's companies, including …
July 7, 2025, 2:35 a.m.
Policy
Singapore Imposes Fines in $2.2 Billion Money Laundering Case Involving Crypto and Properties
The Monetary Authority of Singapore has levied fines totaling $21.5 million on nine financial institutions, including UBS and Citigroup, following a thorough investigation into the country's largest money laundering case. The probe, which resulted in the seizure of assets such as luxury properties and cryptocurrency, led to the conviction of ten individuals and the charging of two former bankers.…
July 5, 2025, 5:51 p.m.
Policy
Chinese Firms Seek Yuan-Backed Stablecoins to Rival US Dollar Dominance
Chinese tech giants, JD.com and Ant Group, are urging the central bank to allow the creation of stablecoins pegged to the yuan, in an effort to counter the growing influence of US dollar-linked digital currencies, according to a Reuters report. The companies plan to launch stablecoins backed by the offshore yuan in Hong Kong, with the goal of increasing the yuan's global presence. Both companies …
July 4, 2025, 10:29 a.m.
Policy
Standalone Crypto Tax Legislation Introduced in US Senate
A proposed crypto tax reform, which was initially excluded from President Donald Trump's budget bill, has been reintroduced as a separate piece of legislation in the US Senate. Led by Senator Cynthia Lummis, the bill seeks to address key taxation issues affecting the digital assets sector. The proposed legislation would exempt crypto transactions below $300 from capital gains calculations, with a…
July 3, 2025, 4:04 p.m.
Policy
South Korean Court Rules in Favor of Crypto Exchange Coinone in Bitcoin Withdrawal Dispute
A South Korean court has upheld an appeal by Coinone, a cryptocurrency exchange, to retrieve approximately $85,371.89 in bitcoin from five customers who had exploited a technical issue in 2018 to make duplicate withdrawals. The Seoul Western District Court's ruling stated that the traders had benefited from 'unjust enrichment' because the initial withdrawal had already been processed on the block…
July 3, 2025, 1:20 p.m.
Policy
Pakistan's Bid to Offer Cheap Electricity for Bitcoin Mining Rejected by IMF
According to recent reports, the International Monetary Fund has turned down Pakistan's proposal to provide subsidized power to bitcoin mining operations and other energy-intensive industries. This decision was disclosed by Secretary of Power Dr. Fakhray Alam Irfan during a session with the Senate Standing Committee on Power. The Pakistani government had initially planned to allocate 2,000 megawa…
July 3, 2025, 10:31 a.m.
Policy
US Bankruptcy Court Grants Celsius Permission to Proceed with $4.3 Billion Lawsuit Against Tether
A US bankruptcy court has allowed Celsius to move forward with the majority of its $4 billion lawsuit against Tether, a stablecoin issuer, as per a recent court filing. The bankrupt cryptocurrency lender had filed a lawsuit against Tether, claiming that it had improperly liquidated nearly 40,000 bitcoins, valued at over $4.3 billion, which were being held as collateral for a loan in June 2022. Ce…
July 2, 2025, 9:25 p.m.
Policy
US Securities Regulator Puts Grayscale Large Cap Fund Conversion on Hold for Review
In a sudden turn of events, the US Securities and Exchange Commission has put Grayscale's plans to convert its Digital Large Cap Fund into an exchange-traded fund on hold, pending a review by the agency's top officials. This development comes just a day after the SEC's staff had given the green light for the conversion. The fund in question, which holds over $755 million in assets including bitco…
July 2, 2025, 7:50 p.m.