In a historic move for the digital asset space, President Donald Trump has officially signed into law a resolution overturning the IRS’s controversial DeFi Broker Rule—an action widely hailed as a major victory for the cryptocurrency industry and its supporters in Congress. The resolution, H.J.Res.25, spearheaded by Rep. Mike Carey (R-Ohio) and Sen. Ted Cruz…
The U.S. Department of Justice (DOJ) has seized approximately $201,400 in cryptocurrency linked to Hamas as part of an ongoing effort to disrupt terrorist financing networks. This operation is part of a larger crackdown on illicit financial activities, with authorities revealing that over $1.5 million in virtual currency has been laundered through these channels since…
The cryptocurrency market witnessed a significant shift as XRP surged 13% following the U.S. Securities and Exchange Commission’s (SEC) decision to drop its case against Ripple Labs. This legal resolution has not only injected optimism into XRP’s prospects but has also sparked speculation about the possibility of a spot XRP exchange-traded fund (ETF) gaining approval…
Bybit, one of the world’s leading cryptocurrency exchanges, has reached a significant milestone in its expansion efforts. The company recently announced that it received an in-principle approval from the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE) to operate as a Virtual Asset Platform Operator in the country. This approval, dated February…
The UK government has introduced the Crime and Policing Bill, a significant piece of legislation designed to enhance law enforcement’s ability to recover proceeds from cryptocurrency-related crimes. This new bill expands existing legal frameworks, providing clearer guidelines for valuing, seizing, and managing digital assets obtained through illicit activities. One of the bill’s primary objectives is…
Ripple’s native cryptocurrency, XRP, soared to $3 on Wednesday, January 15, 2025, marking its highest price since 2018. The 16% surge during U.S. trading hours has been attributed to a combination of a broader crypto market recovery and speculation surrounding potential regulatory changes under the incoming Trump administration. XRP’s price spike pushed its market capitalization…
Hines will join forces with tech entrepreneur and newly appointed Artificial Intelligence (AI) and Crypto Czar, David Sacks, to craft a comprehensive regulatory framework for the cryptocurrency and digital assets industry.
Binance Founder, Changpeng Zhao has ignited a debate over cryptocurrency adoption in the United Arab Emirates (UAE) after taking to his social media account to share the figure, claiming the nation holds $40 billion in Bitcoin. Changpeng Zhao (CZ) tweet has sparked discussions across the crypto community, shedding light on the UAE’s rapidly growing role…
In a significant step toward enhancing access to cryptocurrency trading in Asia, OSL Digital Securities, Hong Kong’s regulated crypto broker, has expanded its over-the-counter (OTC) offerings to include Toncoin (TON), the native token of The Open Network (TON). This move, announced in a press release on December 13, aims to meet the rising demand for…
Ukraine is making significant moves toward legalizing cryptocurrency, with a groundbreaking bill expected to be finalized by early 2025. This was made known by Danylo Hetmantsev, the head of the Ukrainian Parliament’s Committee on Finance, Tax, and Customs Policy, confirming the progress in an interview with Pravda. Hetmantsev revealed that the draft law is nearly…
