Day: 27 March 2025

Indian authorities have arrested five individuals accused of orchestrating a cryptocurrency scam that defrauded a businessman of nearly $700,000 through a fraudulent trading platform. According to local reports, the suspects, including one woman, were apprehended following an investigation by the cybercrime division of Odisha’s Crime Branch. The scam revolved around ...

Harpie, an on-chain firewall provider backed by Coinbase Ventures and OpenSea, has ceased operations after failing to establish a sustainable business model. The company aimed to protect crypto users from hacks, scams, and wallet theft and announced its shutdown in an X thread on March 27. Despite its efforts to ...

Cosmos has achieved a significant milestone in blockchain interoperability by successfully executing the first direct Inter-Blockchain Communication (IBC) transaction between Cosmos Hub and Ethereum. On March 26, Cosmos Hub co-CEO Maghnus Mareneck announced the breakthrough, marking a significant step in the ongoing development of the IBC protocol. This test is ...

In a major step toward financial innovation, the Wyoming Stable Token Commission has partnered with LayerZero to develop and distribute the state’s official stablecoin.  Announced on March 26 at the DC Blockchain Summit, Wyoming Governor Mark Gordon and Commission Executive Director Anthony Apollo confirmed that the Wyoming Stable Token (WYST) ...

The U.S. Senate has voted to repeal a controversial IRS rule targeting decentralized finance (DeFi) platforms, bringing the measure closer to becoming law. The lawmakers passed the resolution with a 70-28 vote, overturning a regulation that sought to impose tax reporting requirements on DeFi businesses.  The decision comes after a ...

A report from Munhwa on March 27 revealed that the Government Public Ethics Committee in South Korea disclosed the personal assets of public officials. It found that 20% of public officials, or 411 out of 2,047, either directly hold or have invested in cryptocurrency. Among the officials with crypto holdings ...

Grayscale’s latest Research Insight report, published on March 26, highlights key projects driving growth in DeFi, data monetization, and on-chain intellectual property management. Despite a broad decline in crypto valuations during Q1 2025 mirroring trends in tech stocks and other high-risk assets, specific sectors continued to see strong development and ...

Public confidence in Argentine President Javier Milei has taken a hit following his alleged involvement in the $4.6 billion Libra cryptocurrency scandal, with nearly 58% of Argentinians expressing distrust, according to a recent poll by Zuban Córdoba. The survey, conducted between March 12 and March 14 with 1,600 respondents, asked: ...

A coalition of 34 crypto firms and advocacy groups has called on Congress to push back against the Department of Justice's broad interpretation of laws used to prosecute Tornado Cash developers. In a letter dated March 26, they warned that the DOJ's stance regarding unlicensed money transmission could criminalize many ...

As Canada approaches its federal election, its position in the global crypto industry faces uncertainty. Coinbase’s Canadian country director, Lucas Matheson, has warned that while Canada has historically been a leader in digital assets, it risks falling behind and becoming less integrated into the global digital economy without swift regulatory ...