Cryptocurrency exchange Garantex Europe, which was sanctioned on Thursday, may already have a contingency plan allowing it to skirt the impact of the US actions, blockchain intelligence firm TRM Labs said. On Thursday, the US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Garantex a second time, along with its successor, Grinex. However, TRM Labs…
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The banking arm of South Korean IT giant Kakao Corporation is reportedly ramping up plans to offer stablecoin services amid a regulatory shift in the country after the election of pro-crypto president Lee Jae-myung. KakaoBanks’ chief financial officer Kwon Tae-hoon said during the company’s first-half 2025 earnings call that the company is “reviewing various methods…
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Crypto investors are likely underestimating the extent of the US securities regulator’s new stance on crypto, meaning that crypto prices could still have room to grow, according to the chief investment officer of Bitwise. US Securities and Exchange Commission chair Paul Atkins published a speech he gave on July 31 at the America First Policy…
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US Securities and Exchange Commission (SEC) Commissioner Hester Peirce told an audience of blockchain researchers and practitioners on Monday that lawmakers and regulators need to protect people’s right to transact privately. Her comments come as Roman Storm’s Tornado Cash trial heads toward a verdict. Peirce said in a speech at the Science of Blockchain Conference…
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David Bailey, entrepreneur and Bitcoin adviser to US President Donald Trump, is seeking to raise $200 million for a political action committee to advance Bitcoin’s interests in the US. Bailey, a serial entrepreneur and founder of Bitcoin Magazine and BTC Inc., served as an adviser during Trump’s presidential campaign and is credited with being a…
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While many Bitcoin whales “woke up” in the last month to sell their BTC at big profits as it rallied over $122,000, analysts say it is a good sign of a maturing market and doesn’t hurt the value of Bitcoin. In an X post on Wednesday, Bitcoin financial services company Swan Bitcoin said the largest…
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South Korea’s central bank will reportedly launch a virtual asset committee to monitor the crypto market and has refocused and renamed its central bank digital currency (CBDC) team to actively explore digital currency. A Bank of Korea official said its Virtual Asset Team will also be responsible for responding to “discussions related to stablecoins and…
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A major player in a crypto Ponzi scheme that duped victims out of $13 million with claims of using artificial intelligence-powered crypto trading bots and a fake government agency has pleaded guilty. The US Department of Justice said on Monday that Vincent Anthony Mazzotta Jr admitted to his role in defrauding investors by promising high…
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The United States has filed a civil complaint seeking the forfeiture of $2.4 million in Bitcoin seized by the Dallas FBI, bolstering the proposed US Strategic Bitcoin Reserve. The civil complaint filed in the Northern District of Texas on Thursday calls for the forfeiture of 20.2 Bitcoin (BTC) seized from an address allegedly associated with…
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The US Securities and Exchange Commission approved and then immediately paused the conversion of Bitwise’s crypto index fund into an exchange-traded fund, leaving it in limbo pending a review. The SEC’s division of trading and markets granted an “accelerated approval” of the Bitwise 10 Crypto Index conversion into an ETF on Tuesday, which means Bitwise…
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