In a landmark move that could reshape how companies account for digital assets, the U.S. Securities and Exchange Commission (SEC) has issued interim guidance permitting certain U.S. dollar-backed stablecoins to be treated as cash equivalents on corporate balance sheets....
In a major step toward comprehensive federal oversight of digital assets, the U.S. Commodity Futures Trading Commission (CFTC) has announced that spot cryptocurrency contracts can now be traded on federally registered exchanges. In an announcement on August 4 via...
Shin Jinwook, the CEO of defunct South Korean crypto exchange Bitsonic, has received an extension to his existing seven-year prison sentence after being found guilty of additional fraud amounting to at least 100 million won (approximately $72,000) as reported...
David Bailey, a key Bitcoin adviser to the U.S. President Donald Trump and founder of Bitcoin Magazine, is seeking to raise between $100 million and $200 million for a political action committee (PAC) focused on promoting Bitcoin-friendly policies in...
North Korean threat actors are ramping up a sophisticated campaign of cyber theft targeting the cryptocurrency industry, using fake identities and remote job scams to infiltrate firms and siphon off millions of dollars in digital assets. Cybersecurity researchers at...
The European Central Bank (ECB) has confirmed that physical cash will continue to play an essential role alongside the growing use of digital payments in Europe. Despite the rapid increase in electronic payment methods, the ECB reassures the public...
In a significant move towards embracing digital innovation, Qatar is calling for a global initiative to promote the tokenization of assets, offering a transformative vision for international financial markets. This appeal was made during the recent Global Blockchain Forum...
South Korean banks are rapidly developing their crypto business strategies in anticipation of a new regulatory era. With the upcoming enforcement of the Virtual Asset User Protection Act in July 2024, traditional financial institutions are eager to capture opportunities...
Metaplanet Inc. has strengthened its Bitcoin Treasury Operations with the purchase of an additional 463 BTC for approximately ¥7.995 billion, at an average price of ¥17,268,320 per Bitcoin. This acquisition increases the company’s total Bitcoin holdings to 17,595 BTC,...
Former UK Chancellor George Osborne has warned that Britain risks becoming irrelevant in the global crypto economy unless it urgently reforms its regulatory approach. In an op-ed for the Financial Times, Osborne criticized the Labour government and the Bank...
