Hong Kong’s financial sector has taken another step to deepen its blockchain integration with the launch of the city’s first retail tokenized money market fund. China Asset Management (Hong Kong) (ChinaAMC HK), a subsidiary of one of China’s...
The hacker responsible for the $1.4 billion Bybit exploit has successfully laundered over 50% of the stolen Ethereum, primarily converting it into Bitcoin through THORChain, according to blockchain analytics firm Spot On Chain. The firm reported that the...
A Montana man has been convicted of conspiring to launder over $2.4 million through cryptocurrency, according to a statement from the U.S. Department of Justice on February 27. Randall V. Rule, 73, formerly of Kalispell, Montana, was found...
The U.S. Securities and Exchange Commission (SEC) has clarified its stance on memecoins, stating that these digital assets do not exactly fall under federal securities laws. In a statement released on February 27, the SEC’s Division of Corporation...
Nvidia Corp (NVDA) has surpassed Wall Street forecasts again, reporting a staggering 78% year-over-year revenue increase, fueled by soaring demand for artificial intelligence-focused microchips. The chip-making giant announced its fourth-quarter earnings for the 2025 fiscal year, ending on...
A key U.S. House of Representatives committee has proposed a resolution to repeal the controversial “DeFi broker rule,” which would impose new tax reporting requirements on decentralized finance (DeFi) platforms. The House Ways and Means Committee voted 26-16...
The Bank of Russia has postponed the mass rollout of its central bank digital currency (CBDC), the digital ruble, as authorities work to refine the pilot program and ensure a robust economic framework for banks and their customers....
Matt Hougan, Chief Investment Officer at Bitwise, is skeptical about traditional financial institutions successfully entering the stablecoin market. He expressed concerns on X about major banks' ability to capture significant market share in this sector. His remarks come...
Bybit is advancing toward securing a full operational license in the United Arab Emirates (UAE) following recent regulatory approval despite facing one of the largest crypto hacks in history. On February 27, Bybit announced that it had received...
Blockchain forensic experts are raising alarms over the rapid laundering of funds from the recent Bybit hack, with evidence suggesting North Korea may have expanded its illicit financial operations. According to a February 27 report from TRM Labs,...
