Russia is preparing new legislation aimed at streamlining the process of confiscating digital assets. The proposed bill intends to clarify and enhance the legal framework for seizing cryptocurrencies and other digital property in criminal cases. This move reflects the government’s growing focus on regulating the digital asset space amid rising ...
India’s Supreme Court has expressed serious concerns about the absence of a clear regulatory framework for cryptocurrencies, highlighting the risks posed by unregulated Bitcoin trading. During a recent bail hearing for Shailesh Babulal Bhatt, accused of illegal Bitcoin trading, the bench—comprising Justices Surya Kant and N Kotiswar Singh—questioned why the ...
The UK government will require all cryptocurrency firms within its jurisdiction to report comprehensive details on every customer transaction, effective January 1, 2026. This mandate is intended to improve tax compliance and strengthen regulatory oversight within the expanding cryptocurrency industry. Source: Britannica HM Revenue and Customs (HMRC) requires crypto platforms ...
South Korean actor Hwang Jung-eum admitted in court to embezzling about $3.1 million (₩4.34 billion) from her family-run agency to invest in cryptocurrency. This revelation, made during her testimony at the Jeju District Court, has led to significant backlash and professional consequences. Source : Wikimedia Commons Following the revelation, SBS ...
Anza, a company emerging from Solana Labs, has introduced Alpenglow, a new proof-of-stake consensus protocol. This upgrade is expected to significantly improve transaction finality speed and network responsiveness, marking the most substantial change to Solana’s core network since its launch. The goal is to enable blockchain applications to compete with ...
JPMorgan Chase has announced a notable policy update allowing its clients to purchase Bitcoin through the bank, marking a cautious but significant shift in its approach to cryptocurrencies. CEO Jamie Dimon confirmed this development during a recent statement, highlighting that clients can now buy Bitcoin, but the bank will not ...
Yala has officially launched its platform on the Solana blockchain, marking a significant step toward integrating Bitcoin liquidity into decentralized finance (DeFi) ecosystems. This move allows Bitcoin holders to leverage their BTC beyond its traditional role as a store of value, enabling seamless participation in DeFi applications on Solana’s high-performance ...
Binance has filed a motion to dismiss a $1.76 billion clawback lawsuit brought by FTX’s bankruptcy trustee. The lawsuit alleges that Binance improperly withdrew funds from FTX before its collapse in late 2022. Binance argues that the claims are “legally deficient” and should be thrown out. Binance Seeks Dismissal of ...
Heritage Distilling Company, Inc. (NASDAQ: CASK) is making a bold foray into the digital economy, becoming one of the first craft spirits producers to implement a formal Cryptocurrency Treasury Reserve Policy. Announced on May 15, the new strategy enables the Washington-based distiller to accept Bitcoin and Dogecoin as payment via ...
Addentax Group Corp. (Nasdaq: ATXG) announced on May 15 that it is currently in discussions to acquire up to $800 million worth of Bitcoin and other digital assets, including the Official Trump token, through the issuance of common stock. Although no binding agreements have been reached, the company has engaged ...
