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Crypto.com under fire for minting $5 billion in CRO
Mar 19,2025
Crypto.com is under fire from the cryptocurrency community after approving a proposal to mint 70 billion CRO tokens, worth approximately$5 billion. Concerns over financial stability have intensified, with some fearing the exchange may face liquidity ...
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Filmmaker accused of stealing $11 million from Netflix to trade crypto and shares
Mar 19,2025
US prosecutors have charged filmmaker Carl Erik Rinsch with fraud and money laundering, alleging he misused$11 million of Netflix's funds on risky investments instead of producing a sci-fi series. The US Department of Justice (DOJ) unsealed the indic...
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Minnesota pushes Bitcoin bill to modernise state investments
Mar 19,2025
Minnesota has taken a significant step towards embracing digital assets with a newly introduced Bitcoin bill. The Minnesota Bitcoin Act (SF2661), presented by Senator Jeremy Miller, seeks to modernise the state's financial system and position it as a...
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Tatarstan to pilot digital ruble subsidies as Russia delays CBDC launch
Mar 19,2025
Russia's Central Bank has enlisted the Republic of Tatarstan to trial smart contract functions for the digital ruble, marking a significant step in the CBDC's ongoing development. The Tatarstan Ministry of Finance confirmed the establishment of a wor...
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Zhao urges AI projects to focus on utility over tokens
Mar 18,2025
Changpeng Zhao has urged AI projects to reconsider launching their own tokens, stating that AI agents can accept payments using existing cryptocurrencies instead. In a recent post on X, the Binance founder argued that tokens should only be introduced...
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SEC may reverse proposed cryptocurrency custody rule
Mar 18,2025
The United States Securities and Exchange Commission (SEC) is considering reversing a proposed rule that would impose stricter custody requirements on investment advisers handling cryptocurrencies. Acting SEC Chair Mark Uyeda announced the potential ...
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Kyrgyzstan introduces USDKG, a gold-backed stablecoin
Mar 18,2025
Kyrgyzstan has officially launched USDKG, a gold-backed stablecoin that is entirely backed by the government, marking a significant shift in the nation's digital currency strategy. The decision to focus on a gold-backed model contrasts with the globa...
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Thailand's CIB uncovers illegal crypto mining rig network
Mar 17,2025
Thailand's Central Investigation Bureau (CIB) seized 63 illegal crypto-mining machines in a raid on Friday, marking a significant step in cracking down on illicit operations in the country. The mining rigs, valued at approximately 2 million baht ($60...
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Bank of Korea rejects Bitcoin for national reserves
Mar 17,2025
South Korea has confirmed that Bitcoin will not be included in its foreign exchange reserves, citing concerns over volatility and regulatory standards. The Bank of Korea responded to a parliamentary inquiry by stating that Bitcoin does not meet the I...
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GENIUS stablecoin bill moves forward in US Senate
Mar 15,2025
The United States Senate Banking Committee has advanced the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in an 18-6 vote. Despite some opposition from Democrat lawmakers, the bill has garnered bipartisan support. Notab...
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Turkey grants full control of crypto regulation to CMB
Mar 15,2025
Turkey has unveiled a new set of cryptocurrency regulations, placing the Capital Markets Board (CMB) in full control of the sector. The new framework outlines strict criteria for Crypto Asset Service Providers (CASPs), including financial integrity a...
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Bank of Russia considers limited crypto trading for select investors
Mar 14,2025
The Bank of Russia has proposed allowing select investors to trade cryptocurrencies under a three-year experimental legal regime. The initiative, aimed at increasing market transparency, would permit only investors with at least$1.1 million in securi...
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