Kraken’s Australian Arm Loses Court Battle, Cites Regulatory Ambiguity
Key Insights Australia’s federal court ruled that Bit Trade, Kraken’s local operator, failed to comply with the Corporations Act by…
Trump Endorses Sons’ DeFi Crypto Project, “The DeFiant Ones”
Key Insights Donald Trump has publicly endorsed a DeFi cryptocurrency project led by two of his sons, criticizing big banks…
Ethereum Dominance Declines as Investors Flock to Bitcoin, Glassnode Report Shows
Key Insights Ethereum’s dominance has declined by over 1.5% since the November 2022 cycle low, while the wider altcoin sector…
Colombian Watchdog Investigates Altman’s Worldcoin for Possible Data Violations
Key Insights Colombia’s watchdog SIC has launched an investigation into Worldcoin and Tools for Humanity for potential violations of the…
Crypto Crackdown: Malaysia Destroys $452,500 Worth of Bitcoin Mining Machines
Key Insights Malaysian authorities have destroyed 985 bitcoin mining machines worth approximately 1.98 million Malaysian ringgits ($452,500) as part of…
Devastating Phishing Attack Leaves Crypto Whale $55.4M Poorer
Key Insights A cryptocurrency whale lost approximately $55.4 million worth of Dai stablecoin in a phishing attack, according to on-chain…
Tether to Launch Dirham-Pegged Stablecoin in Partnership with UAE Firms
Key Insights Tether, the largest stablecoin issuer, is launching a new cryptocurrency pegged to the United Arab Emirates dirham (AED).…
Mt. Gox Transfers $75.36M in Bitcoin to Bitstamp
Key Insights Mt. Gox, the defunct cryptocurrency exchange, has transferred approximately $75.36 million worth of bitcoin to Bitstamp’s wallet address.…
Nigeria Embraces Crypto Regulation, SEC Plans to License Digital Asset Issuers
Key Insights Nigeria’s SEC plans to start licensing issuers of virtual assets, including cryptocurrencies, as the country sees a surge…
Nigeria’s FIRS Announces Plan to Present Crypto Taxation Bill to Parliament
Key Insights Nigeria’s FIRS plans to present a bill for taxing the cryptocurrency industry to the country’s parliament by September.…