Australian authorities have charged four individuals following an 18-month investigation into a $190 million Australian dollar ($123 million) crypto laundering operation allegedly run through a cash-in-transit security company. The Australian Federal Police said they had frozen about $13.6 million worth of suspected criminal assets across the states of Queensland and New South Wales. The Queensland…
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Strategy has acquired $110.2 million worth of Bitcoin as the price trades near its all-time high level. According to a June 9 US Securities and Exchange filing, Streategy acquired 1,045 Bitcoin (BTC) at an average price of $105,426 per coin. The company now holds 582,000 BTC acquired for approximately $40.79 billion at an average price…
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As the broader Ethereum ecosystem and its core principles evolve to address data privacy concerns, a new proposal recommends a modular compliance strategy as a path to reconcile public blockchains with the European Union’s General Data Protection Regulation (GDPR). On June 9, a proposal drafted by Ethereum community member Eugenio Reggianini suggested the use of…
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Layer-1 blockchain Kaia has pledged to launch a South Korean won-based stablecoin following the Wednesday inauguration of President Lee Jae-myung, a left-leaning politician whose campaign included a series of crypto-friendly promises. Launching a won-based stablecoin is one of the crypto goals laid out during Lee’s campaign that set him apart from other crypto-friendly candidates. The…
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Opinion by: Chebet Kipingor, business operations manager at Busha As Kenya pushes forward with a revised 1.5% crypto transaction tax, it risks losing more than revenue — it could forfeit its regional fintech leadership, drive startups across borders, and fracture Africa’s digital economy before it can unify. Parliament is debating implementing the Digital Asset Tax…
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Ether-based investment products led inflows among cryptocurrency-based investment products last week, despite an overall slowdown in investor activity as markets await clarity from the US Federal Reserve. Ether (ETH) exchange-traded products (ETPs) received $296 million of inflows last week, marking their best week since the 2024 election of US President Donald Trump, according to a…
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Key takeaways: Bitcoin price may dip toward the $100,000-$104,000 range before new highs. CPI data on June 11 could trigger volatility, with higher inflation hurting Bitcoin. BTC is forming bullish cup-and-handle and bull flag patterns targeting $140,000. After last week’s volatility fueled by the Trump-Musk public breakup, Bitcoin (BTC) price has established a range between…
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Rampant electricity theft by illegal miners, inconsistent policies and a lack of legal clarity may deter Malaysia from tapping the potential of cryptocurrency mining, according to an industry report released by the Access Blockchain Association of Malaysia. The report predicts that Malaysia’s crypto mining market will grow 110.2% in 2025 — from $2.44 billion to…
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Paris-based cryptocurrency company The Blockchain Group plans to raise over $340 million for its Bitcoin treasury, signaling continued institutional adoption of crypto in Europe. The Blockchain Group, which claims to be Europe’s first Bitcoin (BTC) treasury company, plans to raise 300 million euros ($342 million) to fund more BTC purchases, according to a Monday news…
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Bitcoin (BTC) heads into another heavy macro week with bulls hoping that the $100,000 support retest is done. BTC price action offers some hope at the weekly close, with predictions of a return to all-time highs intact. Liquidity grabs remain a focus, and could compound a deeper correction if $100,000 fails. CPI and PPI are…
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