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,...
Bitcoin’s latest price plunge has led to a staggering $2.16 billion in realized losses, with the bulk of the damage falling on recent investors, according to a new analysis by Glassnode. Between February 25 and February 27, the...
Leading figures in the cryptocurrency industry have strongly criticized the UK's Financial Conduct Authority (FCA) over its continued ban on crypto derivatives, arguing that the policy is doing more harm than good for retail investors. According to a...
The Ethereum Foundation (EF) has contributed $1.25 million to assist Tornado Cash developer Alexey Pertsev in his legal battle as he prepares to appeal his money laundering conviction in the Netherlands. Announcing the donation on February 26 via...
Singapore's iconic department store chain Metro will soon integrate stablecoin payments across its physical outlets and online marketplace, Metro Mall. According to a local news outlet, the move is part of a partnership with crypto payments firm DTCPAY,...
Block Inc. is in discussions with the New York State Department of Financial Services (NYDFS) to resolve regulatory concerns regarding its Bitcoin operations and anti-money laundering (AML) programs. According to its latest Form 10-K filing with the U.S....
