Turkey is preparing to impose stricter regulations on crypto transactions to combat money laundering and financial crime, according to information obtained by the state-run Anadolu Agency (AA). Under the proposed measures, crypto platforms will be required to collect detailed information on the origin and purpose of every transfer. Users will need to provide a transaction…
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Europe is pulling ahead in the global crypto race under its Markets in Crypto-Assets (MiCA) framework, outpacing even President Donald Trump’s crypto-friendly America. According to Konstantins Vasilenko, co-founder and chief business development officer at Paybis, trading volumes from EU customers jumped 70% quarter-on-quarter in Q1 2025, right after the MiCA regulation took effect. During the…
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Texas Governor Greg Abbott has signed Senate Bill 21 (SB21), officially authorizing the creation of the Texas Strategic Bitcoin Reserve, a state-managed fund that will hold Bitcoin as part of the state’s long-term financial assets. The newly established reserve operates independently of Texas’ general treasury system and aims to strengthen the state’s financial resilience while…
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A Florida investor says he was scammed out of $860,000 by a Denver-based trading “school” and a fake crypto exchange that promised him life-changing profits. In a lawsuit filed last week in federal court, Brian Firestone alleges that the Alpha Stock Investment Training Center (ASITC), which operated out of downtown Denver, partnered with a fraudulent…
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The UK’s unclear regulatory stance on digital assets is drawing sharp criticism from market participants, with some citing “policy procrastination” as a key reason the country is falling behind both the European Union and the US in the race to define digital finance. In a Friday blog post, John Orchard, chairman, and Lewis McLellan, editor…
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Blockchain sleuth ZachXBT has accused Garden Finance, which brands itself as “the fastest Bitcoin bridge,” of facilitating the laundering of funds linked to major crypto thefts, including the Bybit hack. In a June 21 post on X, ZachXBT claimed that over 80% of Garden’s recent fee revenue stemmed from illicit transactions allegedly tied to the…
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Bitcoin holding company Nakamoto Holdings, founded by US President Donald Trump’s crypto adviser, David Bailey, has secured $51.5 million in fresh capital through a private placement in public equity (PIPE) deal, according to a statement from merger partner KindlyMD. Bailey said that the new funds were raised in less than 72 hours, reflecting growing investor…
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Mehdi Farooq, an investment partner at crypto venture capital firm Hypersphere, revealed on Thursday that he lost a significant portion of his life savings in a targeted phishing attack orchestrated through a fake Zoom call. In a post on X, Farooq explained that the attack began with a message on Telegram from Alex Lin, someone…
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Binance founder and former CEO Changpeng “CZ” Zhao asked crypto platforms to adopt a “will function” to enable users to distribute their digital assets in the event of their death. “This is a topic people avoid, but the fact is, humans cannot live forever,” CZ wrote on X. “Every platform should have a ‘will function’…
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Paris-listed technology firm The Blockchain Group has expanded its Bitcoin reserves with the purchase of 182 BTC for approximately $19.6 million, bringing its total holdings to 1,653 BTC. At current market prices, the company’s stash is valued at over $170 million. The latest acquisition by Europe’s first Bitcoin treasury company, finalized on June 17, was…
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