Russia’s State Duma committee has approved a revised cryptocurrency regulation bill for its second reading, removing a proposed requirement to declare crypto wallet addresses while adding provisions for crypto-funded investments and new transfer controls. Summary Russia’s State Duma committee has approved a revised crypto bill for its key second reading after removing mandatory crypto wallet…
PI has plummeted by over 7% in the past day and has lost the $0.11 support. The Core Team behind the controversial project continues to improve the user experience, and the latest set of updates is focused on the Pi App Studio. However, it appears that the native token’s current situation cannot be positively…
Vanguard is hiring a head of digital assets as the asset manager builds a broader strategy for blockchain-based finance. Summary Vanguard’s new role covers tokenization, stablecoins, custody, settlement, blockchain infrastructure, and client-facing products. The hiring follows years of caution toward crypto ETFs and direct digital asset exposure. Tokenized funds are growing as BlackRock, Franklin Templeton,…
Bitcoin Suisse has secured full regulatory approval in Abu Dhabi, allowing the Swiss crypto firm to expand its regulated digital asset business across the United Arab Emirates. Summary Bitcoin Suisse has secured a full ADGM license, allowing it to offer regulated crypto services across the UAE. The approval follows the firm’s recent MiCA license in…
New industry data suggests that crypto ownership has expanded significantly across different demographic groups. Ripple’s Chief Legal Officer Stuart Alderoty has criticized Politico over its interpretation of a recent opinion poll, where the publication framed support for crypto legislation as “only 27%,” arguing that the figure actually represents 67 million American adults who already…
Kraken has secured a $22 million arbitration award against its former auditor Mazars USA, with co-CEO Arjun Sethi linking the dispute to what he described as Operation Chokepoint 2.0. Summary Kraken secured a $22 million arbitration award against former auditor Mazars over its withdrawn 2022 audit. Co-CEO Arjun Sethi linked the dispute to Operation Chokepoint…
In Bitcoin news today, the Bitcoin Strategic Reserve has not been canceled, but it has hit a wall. A jurisdictional dispute between the US Treasury and the Commerce Department over which agency controls oversight has frozen implementation of the Trump administration’s flagship digital asset initiative, with 328,372 Bitcoin worth approximately $25Bn sitting in limbo as…
BonkDAO says it has alerted law enforcement about the treasury drain and is coordinating with exchanges to manage the situation. An anonymous wallet spent $4.4 million buying BONK tokens over two days, then used that stash to push through a governance vote that allowed it to drain $21.2 million from the BonkDAO treasury. The…
Nigel Farage has resigned as a Member of Parliament after confirming he will seek re-election in a by-election while facing scrutiny over multimillion-dollar gifts from figures linked to the crypto industry. Summary Nigel Farage has resigned as MP and will contest a Clacton by-election while parliamentary investigations continue. Farage denies wrongdoing over multimillion-dollar gifts linked…
XRP Ripple has reclaimed the top spot on Upbit, South Korea’s largest cryptocurrency exchange, with $52.33M in 24-hour trading volume, outpacing Bitcoin at $42.14M and Ethereum at $24.30M on the same venue. Roughly 10% of Upbit’s entire $493.74M daily crypto exchange volume was in XRP while the two largest coins by global market cap finished…
