Pakistan has officially legalized cryptocurrency, marking a historic shift in the country’s stance on digital assets. After years of uncertainty, the government is now putting a clear regulatory framework in place, opening doors for investors, traders, and businesses to participate in the crypto space without fear. The move is also seen as a “Trump card” …
Pakistan is taking a big step toward embracing digital assets by legalizing cryptocurrency. The move is expected to create new opportunities for investors and businesses in the country. By providing a legal framework, Pakistan aims to regulate the crypto market while ensuring security and transparency. This decision aligns with the growing global acceptance of digital …
After nearly four years of legal drama, the SEC’s case against Ripple has come to a close, bringing a sigh of relief to the entire community. The SEC, which initially filed the lawsuit in December 2020 over claims that Ripple’s XRP was an unregistered security, has now dropped its appeal, marking a major shift in …
Donald Trump will speak at the Digital Asset Summit (DAS) in New York on March 20, notably, this will be the first time a sitting U.S. president has ever joined a crypto conference. Just recently, Donald Trump hosted the inaugural White House Crypto Summit. While the crypto community wasn’t thrilled with the outcomes, the event …
The four-year long lawsuit between Ripple and the SEC, which began under the Biden administration and was led by SEC Chair Gary Gensler, has finally concluded during the Trump administration. With Trump’s immense support for the crypto sector, a number of cases against the SEC have been dismissed under the new SEC leadership. Now that …
Minnesota State Senator Jeremy Miller has introduced the Minnesota Bitcoin Act, a proposal he created after a complete shift in his views on Bitcoin. Minnesota Bitcoin Act Seeks to Modernize State Finances Minnesota could become one of the first states to use Bitcoin and other cryptocurrencies for state investments, retirement plans, and tax payments. The …
North Carolina is taking a bold step into the world of cryptocurrency with the Bitcoin Reserve and Investment Act (SB327). This bill, introduced in March 2025, allows the state to invest up to 10% of its public funds in Bitcoin. With a $9.5 billion budget currently, this move could change the way the state handles …
In a powerful statement, Charles Hoskinson, co-founder of the Cardano blockchain, declared that the “war on digital assets” in the U.S. has officially ended. Hoskinson’s remarks come after years of intense regulatory scrutiny on the crypto industry, with government agencies like the SEC launching numerous lawsuits and investigations against major cryptocurrency firms. Hoskinson criticized the …
The U.S. Securities and Exchange Commission may backtrack on a proposal to tighten cryptocurrency custody rules, marking another shift under the acting chair’s leadership, influenced by the Trump administration. The acting head of the U.S. SEC, Mark Uyeda, announced on Monday that the agency might change or even scrap stricter rules proposed by the previous …
Pakistan is making a major shift in its approach to cryptocurrency with the launch of the Pakistan Crypto Council (PCC). This move signals a change from its previous skepticism, where digital assets were seen as a financial risk due to their potential use in illicit activities. Now, with over 20 million active crypto users and …
David Sacks, the newly appointed AI and cryptocurrency affairs chief, has sold over $200 million in digital asset-related investments before taking office. Sacks Sells $85 Million In Personal Crypto Holdings A White House memo revealed that Sacks sold his cryptocurrency holdings through personal accounts and his company, Craft Ventures. This included at least $85 million …
Recently, Senate Republicans, along with some Democrats, voted to move a temporary funding bill forward, paving the way for a final vote to avoid a government shutdown. The vote was 62-38, with 10 Democrats joining almost all Republicans in supporting the bill. Notably, nine Democrats joined Chuck Schumer to support a bill to prevent a …
An Argentine prosecutor has requested a judge to issue an Interpol “Red Notice” for Hayden Davis, an American citizen allegedly involved in the launch of the controversial LIBRA memecoin that has entangled Argentine President Javier Milei in a dramatic political scandal. LIBRA Memecoin Scandal The request, made by prosecutor Gregorio Dalbón, reviewed by Fortune, accuses Davis of being a key figure behind the LIBRA memecoin. The token gained significant attention after President Milei endorsed it on Valentine’s Day. Following Milei’s endorsement, LIBRA’s market capitalization soared to over $4.5 billion. However, its value quickly collapsed, plummeting by more than 99% to approximately $18 million. Blockchain analysts later revealed that certain insiders sold large amounts of the token shortly after Milei publicly supported it. Related Reading: Solana Price Crash To $90? Why A 26% Decline Could Rock This Crypto In his request for the Red Notice, Dalbón expressed concerns that Davis might evade justice, citing his financial resources that could facilitate his flight or concealment. “The possibility that Davis will abandon his country of residence or hide to avoid answering for his alleged acts appears to be aggravated by the economic resources he possesses,” Dalbón stated, emphasizing the urgency of the situation. Interpol, the International Criminal Police Organization, facilitates international cooperation among law enforcement agencies in its 196 member countries, including the US and Argentina. A Red Notice serves as a request for member countries to locate and provisionally arrest individuals pending extradition. Federal Investigation Launched Into Javier Milei’s Endorsement Davis has not publicly responded to the allegations, nor have his family members, including his brother Gideon and father Charles, who are involved in their family crypto venture, Kelsier Ventures, Fortune reported. Yet, the controversy surrounding LIBRA is further complicated by its connection to former President Donald Trump, who recently launched his own memecoin named TRUMP. Trump’s endorsement of cryptocurrency has been characterized as part of his broader strategy to position himself as a pro-crypto advocate. Related Reading: Bitcoin Bottom Confirmed? Data Shows 87.5% Chance The Worst Is Over Following Milei’s endorsement, Davis openly acknowledged his role as an advisor to the Argentine president, stating, “I am indeed Javier Milei’s advisor.” He also claimed responsibility for the launch of a separate memecoin associated with Melania Trump. The fallout from the LIBRA launch has prompted legal inquiries, including a federal investigation into Milei’s actions. Both Milei and Davis have denied any wrongdoing, but the political implications of this incident are significant, as it raises questions about the accountability and regulation of cryptocurrencies in Argentina. At the time of writing, the memecoin is trading at $0.060, down over 90% from its all-time high reached on Valentine’s Day. Featured image from DALL-E, chart from TradingView.com
Under President Trump’s encouragement for the crypto sector, the U.S. Senate Banking Committee has successfully pushed forward a bill regulating stablecoins. This marks a significant move towards having the legislation reach President Trump’s desk for his signature. The bill cleared the committee with an 18-6 vote, benefitting from the support of five Senate Democrats who …
Authorities in India have apprehended Aleksej Besciokov, the alleged co-founder of Garantex, a cryptocurrency exchange reportedly implicated in “extensive money laundering activities (MLA).” $60 Billion In Transactions Linked To Criminal Activity Besciokov, a 46-year-old Lithuanian national, was reportedly arrested while vacationing with his family in Varkala, a coastal city in the Indian state of Kerala. His arrest comes after an indictment unsealed by the US Department of Justice (DOJ) on March 7. The DOJ’s indictment charges Besciokov and his co-founder, 40-year-old Aleksandr Mira Serda, a Russian national residing in the United Arab Emirates, with conspiracy to commit money laundering. Related Reading: This Is The Last Opportunity To Buy Dogecoin ‘Relatively Cheap,’ Predicts Analyst Garantex, which launched in 2019, was sanctioned by the US Treasury’s Office of Foreign Assets Control in April 2022 for its role in facilitating the movement of criminal proceeds. Reports indicate that the exchange has processed over $60 billion since sanctions were imposed, raising significant concerns regarding its operations. According to the blockchain analysis firm Elliptic, Garantex has been involved in various forms of unlawful activity, including facilitating ransomware attacks, drug trafficking, and evading sanctions imposed on Russian elites. The firm noted that the exchange has enabled Russian oligarchs to transfer their wealth abroad, particularly following the invasion of Ukraine. DOJ Alleges Garantex Co-Founder Operated Under Hacker Alias “Proforg” The US Department of Justice also alleges that Besciokov served as Garantex’s primary technical administrator, responsible for maintaining critical infrastructure and approving transactions. In conjunction with the indictment, German and Finnish law enforcement agencies seized servers that hosted Garantex’s operations, and US authorities have frozen over $26 million linked to the exchange’s money laundering activities. In a notable twist, Besciokov is said to have operated under the hacker handle “proforg,” a nickname associated with a long-running Russian-language forum known for its explicit content. The charges against him include conspiracy to violate the International Economic Emergency Powers Act, which carries a maximum sentence of 20 years in prison, and conspiracy to operate an unlicensed money transmitting business, which could lead to an additional five years of imprisonment. Related Reading: Bitcoin Price Risks Further Crash As S&P Monthly LMACD Turns Bearish, Why Bulls Have Only 20 Days Besciokov is scheduled to appear in a Delhi court on March 14, where he will face these serious charges. If found guilty of any offenses alleged, he will forfeit to the United States any property—whether real or personal—that was involved in the commission of the offense or any property traceable to such assets. Furthermore, if convicted of the offense detailed in Count II of the indictment, Besciokov will also forfeit any property that constitutes or is derived from proceeds traceable to the offense. Featured image from DALL-E, chart from TradingView.com
According to a Wall Street Journal report on Thursday, which cites sources familiar with the matter, the Trump family is in discussions to acquire a stake in Binance.US, potentially increasing their engagement in the crypto sector. At the same time, Changpeng “CZ” Zhao, the founder of Binance, is actively seeking a pardon from President Trump …
Binance, the top cryptocurrency exchange globally, has received a huge $2 billion investment from MGX, based in Abu Dhabi. This deal is noteworthy for two reasons: it’s the biggest single investment in a crypto company to date, and it’s the first time such a large amount has been paid in stablecoin. This follows President Trump’s …
U.S. lawmakers voted to cancel an IRS rule that required crypto companies, including DeFi platforms, to collect and report taxpayer and transaction information. The House passed the vote 292-132, following the Senate’s decision to reject the rule that was finalized during the final days of former President Biden’s administration. This could change how crypto businesses …
In a groundbreaking move for the crypto world, El Salvador and Paraguay have joined forces to tackle cryptocurrency regulations. Last Friday, the two nations signed an exciting agreement aimed at improving cooperation on crypto issues. The agreement will help both countries detect and control illegal crypto activities in Paraguay and improve efforts to fight money …
In a latest move, President Donald Trump is all set to sign an executive order targeting Biden administration policies that have made it hard for crypto companies to access banking services. The order is expected to target policies under “Operation Chokepoint 2.0,” which critics say made it harder for crypto companies to access banking services. …
Spain’s BBVA has received regulatory approval to offer Bitcoin (BTC) and Ether (ETH) trading, aligning with the EU’s MiCA regulations, according to Reuters. This marks the end of a multi-year effort to expand into digital assets. Initially, BBVA planned to launch crypto services in Switzerland due to its clear regulations. The bank also introduced crypto …
At a time when the UN is discussing possibilities to counter the threat of crypto money laundering, a work report, presented by Ying Yong, the Procurator-General of the Supreme People’s Procuratorate, at the Third Session of the 14th National People’s Congress, reveals that nearly 3,032 people were prosecuted for crypto money laundering crimes in 2024. …
The U.S. regulator overseeing national banks provided clarification on Friday that federally regulated banks can now engage in various cryptocurrency activities without needing prior approval. In its new interpretive letter, the OCC clarified that national banks and federal savings associations are allowed to offer crypto custody services, handle certain stablecoin activities, and operate nodes. “The …
Today, more than $3 billion in Bitcoin and Ethereum options are set to expire.With $2.5 billion in BTC and nearly $500 million in ETH contracts set to settle, all eyes are on how these moves will impact market prices. The expiry, set for 8:00 UTC on Deribit, could lead to increased volatility in the crypto …
Senator Tim Scott is advocating for a new law to stop federal regulators from using “reputational risk” as an excuse to stop banks from working with certain customers, particularly in the crypto industry. Republicans have raised concerns about this issue in recent congressional hearings, highlighting how, in the past, crypto businesses were often excluded from …
President Donald Trump’s recent executive order (EO) outlining new guidelines for managing digital assets like Bitcoin (BTC), XRP, Solana (SOL), ADA, and Ethereum (ETH) has raised several questions, especially regarding the inclusion of specific cryptocurrencies in the U.S. government’s reserves. The EO establishes two main components: a strategic reserve dedicated to Bitcoin and a broader …
President Trump recently signed an executive order on the creation of a strategic Bitcoin reserve and a digital assets stockpile. The executive order announcement came just ahead of the White House’s highly anticipated industry summit, where crypto leaders will meet with members of Trump’s administration to discuss policy. Many had been eagerly expecting the president …
Trump Signs Executive Order After much anticipation, President Trump has officially signed the executive order to establish a strategic Bitcoin reserve. The game-changing move means that the U.S. government will no longer sell the Bitcoin stored in this reserve. However, a key takeaway is the significant loss the government faced—having sold significant amount of BTC. …
After much anticipation, President Donald Trump has finally signed an executive order to establish a Bitcoin Strategic Reserve. Under this plan, the U.S. government will create a “digital Fort Knox” to store Bitcoin and other cryptocurrencies seized in civil or criminal cases. The reserve aims to preserve these digital assets for long-term value, marking a …
Fox Business reporter Eleanor Terrett shared in a latest X post that the U.S. Republican Representatives recently hosted a “Crypto Power Lunch” to discuss upcoming digital asset policies and potential legislation. The event was attended by key political figures, including Majority Whip Tom Emmer and Representative Bryan Steil, who leads the Digital Assets Subcommittee. https://twitter.com/EleanorTerrett/status/1897458308245553228 …