News, Trends and Ideas Shaping the Crypto Revolution
A complaint made public by the U.S. Department of Justice (DOJ) on July 11, 2025, reveals that executives of cryptocurrency firm MoonPay became victims of a $250,000 Ethereum scam when donating to what they believed was Trump's inauguration fund in December 2024. While the complaint does
The global cryptocurrency regulatory landscape is undergoing a significant transformation, leading to the decline of offshore havens and the rise of regulated jurisdictions, as exemplified by the Monetary Authority of Singapore's (MAS) June 2, 2025 announcement requiring Singapore-incorporated firms serving offshore crypto clients to obtain licenses or cease
Cryptocurrency exchange KuCoin published its 32nd consecutive monthly Proof of Reserves (PoR) report on July 10, 2025, verified by independent auditor Hacken, confirming that the exchange maintains over 100% asset coverage for liabilities. This consistent transparency initiative provides KuCoin with a significant competitive advantage following the November 2022 FTX collapse,
The November 2022 collapse of FTX and Binance's 2023 regulatory conflicts highlighted severe governance and accounting deficiencies in the cryptocurrency sector stemming from fundamental regulatory, transparency, and accountability issues. In a cryptocurrency market that lost three-quarters of its value during 2022, the collapse of FTX—the world'
The FTX bankruptcy estate trustee filed a court motion on July 2, 2025, with the US Bankruptcy Court for the District of Delaware, seeking to freeze creditor payouts in 49 states and countries with restrictive cryptocurrency regulations. The affected 33,000 creditors, who hold claims worth $983 million—representing 5%
Coinbase Assisted Authorities in $225 Million Cryptocurrency Seizure United States authorities, with the assistance of cryptocurrency exchange Coinbase, have seized $225 million worth of digital assets allegedly stolen through "pig butchering" investment scams, announced the U.S. Department of Justice on June 25, 2025. This seizure represents the
A joint nationwide operation by the Australian financial regulator AUSTRAC and police has identified 90 scam victims, money mules, and suspected offenders among the most prolific cryptocurrency ATM users, announced on June 25, 2025. AUSTRAC's Cryptocurrency Taskforce examined the profiles of the most active crypto ATM users in
The Polymarket blockchain prediction market platform is close to finalizing a $200 million funding round that would value the company at over $1 billion, sources reported on June 24, 2025. This significant capital raise, expected to be led by Peter Thiel's Founders Fund, coincides with the platform'
Mastercard announced a comprehensive stablecoin strategy on June 24, 2025, enabling its clients to use digital currencies for everyday purchases and cross-border settlements, while the company's stock fell 5.39% to $538.73 on June 18, 2025, partly due to market concerns following the U.S. Senate'
Cryptocurrency thefts represent the largest value heists in the financial world, exemplified by the February 2025 Bybit hack where digital assets worth $1.5 billion were stolen, far surpassing the largest bank robbery of $282 million recorded in the Guinness Book of World Records. When stolen cryptocurrencies are recovered, owners
Aptos Labs and Jump Crypto unveiled Shelby, a decentralized hot storage network on 24 June 2025, delivering cloud-grade performance for Web3 and AI applications. The globally distributed platform operates chain-agnostically, providing compatibility with Ethereum, Solana, and other major blockchain networks whilst serving streaming video, artificial intelligence, and decentralized physical infrastructure
California Democratic Senator Adam Schiff introduced bill S.2143, titled the Public Officials Income Limitation and No-Gain Act, on June 18, 2025, which would prohibit federal officials from promoting or profiting from cryptocurrency projects during their term of office. The legislation would specifically bar elected officials, high-ranking executive branch officials,
