The UK’s Financial Conduct Authority (FCA), working with HM Revenue & Customs (HMRC) and the Metropolitan Police, has taken enforcement action against three London premises suspected of operating illegal peer-to-peer cryptocurrency businesses. The operation, carried out on September 10, targeted locations believed to be involved in P2P crypto trading without the required regulatory registration. Authorities…
Galaxy CEO Mike Novogratz has warned that the United States could be left without comprehensive cryptocurrency regulation for years after the Senate failed to advance the proposed CLARITY Act. Novogratz issued the warning ahead of Tuesday’s crucial Senate vote, saying that if the legislation failed to move forward, the United States might not get meaningful…
A 22-year-old man has pleaded guilty to his role in one of the largest cryptocurrency thefts in U.S. history after more than $245 million worth of Bitcoin was stolen from a Washington, D.C., resident. Malone Lam, a Singaporean who had dropped out of school, pleaded guilty to a federal racketeering conspiracy charge in Washington, D.C….
The U.S. Commodity Futures Trading Commission (CFTC) has asked a federal court to dismiss a lawsuit filed by CME Group over the regulator’s approval of cryptocurrency perpetual futures. The CFTC argues that CME lacks legal standing to challenge the decision because the exchange is also allowed to offer similar perpetual products itself. The legal battle…
Pakistan has officially opened its new virtual asset licensing regime, giving existing cryptocurrency businesses until September 5, 2026, to apply for regulatory approval or stop operating in the country. The licensing portal was launched by the Pakistan Virtual Assets Regulatory Authority (PVARA) as the country moves to bring its growing digital-asset sector under formal government…
Binance has reassured customers across the European Union that their digital assets remain secure as the Markets in Crypto-Assets (MiCA) regulatory framework officially takes effect across the bloc. The cryptocurrency exchange said users affected by the new regulations will continue to have access to essential account services, including withdrawals and eligible fund transfers, even as…
Coinbase has pushed back against the Bank for International Settlements’ (BIS) latest assessment of stablecoins, rejecting the institution’s claim that digital dollar-pegged tokens fall short of functioning as money. The response comes after the BIS released its Annual Economic Report 2026, in which it argued that today’s stablecoins do not satisfy the key characteristics required…
Bitcoin surged to a record-breaking high on Wednesday, surpassing previous milestones and signaling renewed investor confidence following a period of market turbulence. The world’s leading cryptocurrency reached an unprecedented $109,760.08 before slightly retreating to $108,117 — still up 1.1% on the day. This bullish momentum is being fueled by a combination of global economic factors,…
In a major milestone for the crypto market, Bitcoin has surged past the $100,000 mark for the third time in its history, reigniting bullish sentiment among investors and reaffirming its dominance in the digital asset space. According to data from CoinGecko, Bitcoin crossed the six-figure threshold at 3:22 PM UTC on May 8, registering a…
MicroStrategy has once again made headlines in the cryptocurrency world with another massive Bitcoin purchase. On Monday, the company revealed through a Form 8-K filing with the Securities and Exchange Commission (SEC) that it had acquired an additional 15,355 Bitcoins between April 21 and Sunday. This latest investment totaled approximately $1.42 billion, with each Bitcoin…
