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U.S. regulators are increasing oversight on digital asset custodians to curb systemic risks, with Fortress Trust being the latest victim. Nevada regulators have ordered crypto custodian Fortress Trust to stop operating after uncovering signs of insolvency and unsafe business practices. …
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Coinbase CEO Brian Armstrong claimed that the crypto market structure bill has received strong bipartisan support in the Senate and could potentially pass in November. Shortly after his meeting with Senate Democrats in the crypto roundtable hosted on Oct. 22,…
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Top U.S. lawmakers are preparing to meet with major crypto industry figures this week in a private roundtable that could shape upcoming policy decisions. Pro-crypto Senate Democrats will meet with leading crypto executives on Oct. 22 to discuss stalled digital…
Opinion
If regulators step up, DAOs could evolve into the next layer of the global economy — open, borderless, and accountable by design.
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Illinois Governor J.B Pritzker criticized Trump for letting “crypto bros” write federal policy as he passes two new crypto-related bills in the Democratic stronghold state. In a recent press release, Illinois Governor Pritzker has enacted two new bills that would…
BTC
Bitcoin
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Changpeng “CZ” Zhao has asked a U.S. bankruptcy court to dismiss FTX’s $1.76 billion clawback lawsuit, claiming the court lacks jurisdiction over a foreign resident involved in offshore transactions. The request was filed on Aug 4 in the Delaware bankruptcy…
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The Hong Kong stablecoin bill officially takes effect. Financial authorities say they will start granting stablecoin issuer licenses early next year. Here’s everything we know about the bill. On August 1, the region’s first stablecoin bill in history, the Stablecoin…
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A judge denies two brothers’ plea to dismiss crypto fraud charges after allegedly stealing $25 million from the Ethereum blockchain using an MEV bot. Why was their bid dismissed? According to a U.S. court document, District Judge Jessica Clarke has…
ETH
Ethereum
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The U.S. House of Representatives is preparing to retry a key procedural vote on Wednesday, July 16, that would allow floor debate on a trio of major cryptocurrency bills, after GOP hardliners derailed the effort on Tuesday. As reported by…
BTC
Bitcoin
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Hacker Nicholas Truglia’s 18-month prison sentence has been upgraded to 12 years after he failed to pay $20 million in restitution for the victim of a SIM-swap he conducted back in 2018. According to a report by the Inner City…
BTC
Bitcoin
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South Korea’s startup ministry proposed a new law revision that would allow crypto firms to register as venture companies. This reclassification would grant them tax reductions and other benefits. According to a notice published on July 9, the country’s Ministry…
BTC
Bitcoin
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California lawmakers recently passed a bill that would allow the state to ‘seize’ cryptocurrency in traders’ exchange accounts that have remained idle for three years. The new law has sparked debate among worried traders. On June 4, the California House…
BTC
Bitcoin
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Coinbase CEO Brian Armstrong says congress needs to quickly advance its stablecoin and market structure bills amidst the FIT21 momentum, hoping to have both passed before August. In a recent post, the Coinbase CEO called for immediate action from congress…
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South Korea’s People Power Party announced seven major law changes to improve their virtual asset ecosystem. One of them is a plan to launch spot Bitcoin ETF within this year. According to a report by local media Edaily, the People’s…
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A newly introduced New York State Assembly bill aims to allow state agencies to accept cryptocurrency as a form of payment. Assembly Bill A7788, sponsored by Assemblymember Clyde Vanel, proposes that agencies may begin accepting Bitcoin (BTC), Ethereum (ETH), Litecoin…
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A New York assemblyman has filed a bill urging the State Board of Elections to study how blockchain technology could be utilized to protect voters’ data during U.S. elections. According to the official filing from New York State Assembly member…
