Day: 15 May 2025

Hong Kong’s Cyber Security and Technology Crime Bureau (CSTCB) unveiled its new cryptocurrency tracing tool, CryptoTrace, on Wednesday, marking a major step in the city’s efforts to combat the growing threat of digital asset-related crime. Developed in partnership with the University of Hong Kong and first introduced at the Blockchain ...

Dominick Cicale, a former mafia capo turned entrepreneur, has launched a new digital asset venture, Official Crypto Nostra ($OCN), to establish a utility-driven blockchain ecosystem that delivers real-world value to users. Announced on May 15, the platform integrates non-fungible tokens (NFTs), gamified earning, and lifestyle commerce under a single digital ...

As Bitcoin adoption continues to grow, new data from Santiment reveals an increasing concentration of ownership in large wallets while the share held by retail investors steadily declines. As of May 13, wallets holding 10 BTC or more, roughly equivalent to $1 million, now control 82% of the total mined ...

In a bold move to deepen its foothold in blockchain infrastructure, publicly traded firm BTCS has inked a $57.8 million financing deal led by investment firm ATW Partners. The Maryland-based company revealed the agreement on May 14, outlining plans to significantly ramp up its Ethereum validator node operations and generate ...

The Singapore High Court has approved Sonic Labs’ request to wind up the Multichain Foundation, marking a major legal step toward recovering funds lost in a massive 2023 cross-chain protocol hack. Sonic Labs CEO Michael Kong explained in a May 14 statement on X that the legal action was necessary ...

The United States Senate is poised to pass a landmark bipartisan stablecoin bill, the GENIUS Act, as early as next week, following a key revision that removed controversial language targeting former President Donald Trump’s crypto ventures. Senator Cynthia Lummis, a Republican from Wyoming, announced during a Coinbase-hosted event on May ...

Coinbase CEO Brian Armstrong says the crypto exchange giant is actively exploring more mergers and acquisitions after its recent $2.9 billion acquisition of crypto derivatives platform Deribit. Speaking on Bloomberg Television on May 14, Armstrong highlighted the company’s financial strength, noting that Coinbase ended Q1 with $9.9 billion in U.S. ...

In a major crackdown on crypto-enabled crime, European authorities have dismantled a sophisticated money laundering ring dubbed a “mafia crypto bank” that allegedly funnelled over €21 million ($23.5 million) in illicit funds for criminal groups in China and the Middle East. The operation, led by Spanish law enforcement and coordinated ...

Bitfarms announced its Q1 2025 financial results, reporting revenue of $67 million, a 33% increase compared to last year's quarter. However, despite this growth, the company’s gross mining margin dropped sharply to 43%, down from 63% in Q1 2024, reflecting a 20-point decline driven by rising production costs. The total ...

Franklin Templeton has recently received regulatory approval from the Monetary Authority of Singapore to launch its first tokenized fund in the country. According to a report by Tech in Asia, this fund will be accessible to retail investors with a minimum investment of just $20, marking a significant milestone as ...