The Royal Government of Bhutan transferred more than $100 million worth of Bitcoin this week, raising concerns about potential sell pressure in the market just as the US Federal Reserve delivered its first interest rate cut of 2025. The Bhutan government-labelled wallet moved 913 Bitcoin (BTC) worth about $107 million into two newly created cryptocurrency…
Read more
North Korean hackers are stepping up efforts to infiltrate cryptocurrency companies by posing as IT workers, raising fresh security concerns for the industry, according to Binance co-founder Changpeng “CZ” Zhao and a team of ethical hackers. CZ sounded the alarm Thursday on X about the growing threat of North Korean hackers seeking to infiltrate crypto…
Read more
The US Securities and Exchange Commission (SEC) approved the first multi-asset cryptocurrency exchange-traded product (ETP) in the United States, clearing Grayscale’s Digital Large Cap Fund (GLDC) for listing. The fund will offer exposure to five of the world’s largest cryptocurrencies: Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA). The approval, disclosed in…
Read more
Blockchain industry participants and regulators continue battling for privacy rights as the European Union’s sweeping Anti-Money Laundering (AML) rules look set to ban privacy-preserving tokens and anonymous crypto accounts starting in 2027. Credit institutions, financial institutions and crypto asset service providers (CASPs) will be prohibited from maintaining anonymous accounts or handling privacy-preserving cryptocurrencies under the…
Read more
A long-dormant Bitcoin whale moved about $116 million worth of the cryptocurrency after 12 years, just before the US Federal Reserve’s closely watched interest rate decision. The unknown whale woke up after 12 years of dormancy to transfer 1,000 Bitcoin (BTC) — worth around $116 million at current prices — which he initially acquired for…
Read more
Some of Switzerland’s largest banks completed a proof-of-concept (PoC) that tested blockchain technology and smart contracts for interbank payments, marking what they said was the first legally binding bank payment via a public blockchain. Under the umbrella of the Swiss Bankers Association (SBA), UBS, PostFinance and Sygnum Bank conducted a feasibility study on blockchain-based deposit…
Read more
France’s warning that it may try to block cryptocurrency companies from operating in the country under licenses issued by other European Union member states — known as passporting — has raised questions about enforcement of the 27-nation bloc’s flagship crypto law. France’s securities regulator, the Autorité des Marchés Financiers (AMF), is considering a ban on…
Read more
Standard Chartered’s venture arm is preparing to launch a $250 million cryptocurrency investment fund in 2026, signaling growing institutional appetite for digital assets. Standard Chartered’s SC Ventures plans to raise the capital to open the investment fund focused on digital assets in the financial services sector, Bloomberg reported Monday, citing operating partner Gautam Jain. Set…
Read more
France warned it may try to block cryptocurrency companies operating locally under licenses obtained in other European countries, raising enforcement gap concerns regarding the European Union’s crypto regulatory framework. France’s securities regulator, the Autorité des Marchés Financiers (AMF), told Reuters Monday that it is concerned about potential regulatory enforcement gaps related to Europe’s Markets in…
Read more
The US Securities and Exchange Commission (SEC) chair continued steering the regulatory agency in a different direction than its previous enforcement-first policy toward the crypto industry. In an interview with the Financial Times published Monday, SEC Chair Paul Atkins said the agency is departing from the aggressive enforcement actions common during the administration of former…
Read more