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 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%
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
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,
The Federal Housing Finance Agency (FHFA) officially announced on June 24, 2025, that it is examining the potential inclusion of cryptocurrency assets in the mortgage application evaluation process, which could represent a significant shift in the $12 trillion US mortgage market. The FHFA, which oversees the federal mortgage financing corporations
In September 2018, at a debate hosted by KIO Networks in Mexico City, Katie Haun, a former federal prosecutor and Andreessen Horowitz's first female partner, predicted the future of stablecoins when Bitcoin was valued at just $4,000 and most Americans considered cryptocurrencies a passing fad. Against Nobel
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
The European Union will ban anonymous crypto accounts and privacy-enhancing cryptocurrencies like Monero and Zcash by 2027. The decision is part of the EU's new Anti-Money Laundering Regulation (AMLR), which explicitly prohibits credit institutions, financial institutions, and crypto-asset service providers (CASPs) from maintaining anonymous accounts and handling privacy-enhancing
Alexander Mashinsky, the former CEO of Celsius Network, has been sentenced to 12 years in prison after pleading guilty to two counts of fraud in December 2024. U.S. District Judge John G. Koeltl delivered the sentence on May 8, 2025, in Manhattan court, significantly less than the 20-year term
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
Russian Finance Minister Anton Siluanov announced on April 23, 2025, that the Ministry of Finance and the Bank of Russia are jointly developing a cryptocurrency exchange exclusively for "super-qualified investors" under a three-year experimental legal regime, aiming to legitimise crypto assets and bring operations "out of the
