The U.S. Treasury Department is targeting the Cambodia-based Huione Group over allegations of laundering billions in illicit cryptocurrency, including funds connected to North Korea's Lazarus Group. They propose cutting the firm off from the American financial system. Announced on May 1 by the Treasury’s Financial Crimes Enforcement Network (FinCEN), the ...
According to reports citing Senate Majority Leader John Thune, the U.S. Senate is preparing to take up stablecoin legislation before the Memorial Day recess on May 26. In an April 29 politico report during a closed-door session with Republican senators, Thune reportedly confirmed that the chamber would prioritize discussions on ...
Legendary hedge fund manager Ray Dalio has raised fresh concerns over the future of the global financial system, warning that the current monetary order is teetering on collapse, accelerated by escalating US trade tariffs. In a post shared on X on April 28, the Bridgewater Associates founder said rising trade ...
As the sentencing date for Alex Mashinsky approaches, U.S. federal prosecutors have submitted a trove of emotional victim testimonies that lay bare the human toll of the Celsius Network collapse — potentially influencing the court’s final decision. In a letter dated April 23, interim U.S. Attorney for the Southern District ...
United States Treasury Secretary Scott Bessent has called for a major strategic shift within the International Monetary Fund (IMF) and World Bank, signalling potential changes to the global financial system amid mounting economic pressure and currency volatility. Speaking at the Institute of International Finance (IIF) on April 23, Bessent urged ...
In response to recent sanctions and wallet freezes linked to the crypto exchange Garantex, Russian finance officials are considering the development of a national stablecoin to safeguard the country’s financial infrastructure from foreign interference. According to reports on by Reuters and Russian state news outlet TASS, Osman Kabaloev, deputy director ...
The United States is actively exploring unconventional, budget-neutral strategies to grow its national Bitcoin reserve—without dipping into taxpayer funds—according to Bo Hines, executive director of the Trump administration’s crypto advisory council. In a recent interview with Anthony Pompliano, Hines, the CEO of Professional Capital Management, discussed the administration's consideration of ...
Singapore-based artificial intelligence firm Genius Group has been temporarily barred from expanding its Bitcoin treasury after a U.S. court issued a preliminary injunction (PI) and temporary restraining order (TRO), preventing the company from selling shares, raising funds, or using investor capital to acquire more Bitcoin. The injunction, handed down by ...
A well-known XRP community member, Arthur, has urged members of the ecosystem to remain patient amid the token's continuous decline over the past seven days. XRP, currently trading at $2.11, has lost over 10% of its value during this period, including a 4% drop in the last 24 hours. Arthur ...
According to Real Vision crypto analyst Jamie Coutts, a weakening US dollar is fueling a bullish narrative for Bitcoin, but key financial metrics suggest potential short-term risks. In a March 9 post on X, Coutts noted that while the US Dollar Index (DXY) has plunged to a four-month low of ...
