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
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,
Turkey's Finance Minister Mehmet Şimşek announced on June 24, 2025, that the country is implementing new measures to regulate cryptocurrency transactions, specifically targeting the laundering of criminal proceeds from illegal betting and fraud. According to information published by the state-owned Anadolu news agency and shared by the minister,
On May 15, 2025, the Telegram messaging platform announced the blocking of two massive black market services, Supergroup and Black Market, which together facilitated over $120 billion in crypto-scam-related services, but has since remained inactive as these platforms have returned under new names. The fraud systems, primarily targeting Chinese users,
Financial Stability Board Chair Klaas Knot warned on June 12th in Madrid that whilst the FSB has long maintained that crypto does not yet pose a systemic risk, recent developments suggest we may be approaching a tipping point. Knot highlighted that barriers for retail users have dropped significantly, particularly with
Anthony Pompliano has announced a $1 billion merger to create ProCap Financial through SPAC Columbus Circle Capital I, securing over $750 million in initial funding for its bitcoin treasury, representing a record for public bitcoin-focused companies. The merger agreement between ProCap BTC and NASDAQ-listed Columbus Circle Capital I includes $516.
Despite FBI warnings, Coinbase users continue to fall victim to massive scams, causing annual losses exceeding $330 million according to cryptocurrency researcher ZachXBT. Data published by the blockchain investigator reveals that an additional $45 million worth of cryptocurrency was stolen through social engineering techniques in just the past week, primarily
Elon Musk's social media company, X Corp., filed an amicus curiae (friend of the court) brief with the United States Supreme Court, protesting against the IRS (Internal Revenue Service) practice of obtaining three years of transaction data from 14,000 Coinbase cryptocurrency exchange users – including James Harper – without
Coinbase entered into an agreement on May 8, 2025, to acquire Deribit, the world's leading crypto options exchange, for $2.9 billion, consisting of $700 million in cash and 11 million shares of Coinbase Class A common stock. The transaction significantly advances Coinbase's derivatives business, establishing
The Czech-based privacy-focused eXch Exchange ceased operations on May 1, 2025, after being accused of facilitating the laundering of approximately $35 million from the $1.4 billion cryptocurrency stolen in the Bybit exchange hack. In a notice published on the Bitcoin Forum on April 17, eXch's management announced
UK Finance Minister Rachel Reeves announced on April 29, 2025, that the country will bring cryptocurrencies under compulsory regulation, closely aligning its approach with the United States. The draft legislation aims to bring crypto exchanges, dealers and agents into the regulatory perimeter, as 12% of British adults now own or
PrimeXBT, a leading cryptocurrency trading platform, announced its new instant crypto-to-USD exchange service on May 7, 2025, enabling users to quickly and cost-effectively convert their digital assets to US dollars within the platform. The new service aims to simplify life for cryptocurrency traders who often face high fees and long
