Melbourne-based cryptocurrency exchange Cointree has been fined $75,120 by Australia’s financial intelligence agency, AUSTRAC, for failing to submit suspicious matter reports (SMRs) on time. This fine comes amid a broader crackdown by regulators aiming to reinforce anti-money laundering compliance within the growing digital asset sector. According to AUSTRAC, the fine
May 16, 2025 2 mins read
One of the world’s top cryptocurrency exchanges, Coinbase, is reeling from a major cyberattack that could cost the company as much as $400 million. The breach, which compromised less than 1% of its user data, involved a scheme where hackers bribed Coinbase contractors and employees to gain unauthorized access to
May 16, 2025 2 mins read
Coinbase, the largest publicly traded cryptocurrency exchange in the U.S., has placed a $20 million bounty on cybercriminals who tried to blackmail the company. The attackers demanded a ransom of the same amount in Bitcoin, threatening to leak sensitive customer data if the exchange refused to comply. Rather than giving
May 15, 2025 2 mins read
Nasdaq-listed blockchain firm BTCS Inc. is gearing up to make a major move in the cryptocurrency market by raising $57.8 million through a new agreement with ATW Partners. The funds will be used solely to purchase Ethereum (ETH), which the company describes as a “foundational” asset currently at a critical
May 15, 2025 2 mins read
Nebraska is poised to join the growing list of U.S. states taking a firmer stance on crypto mining. On Tuesday, legislators voted unanimously to pass LB 526, legislation directed at curbing massive-scale cryptocurrency mining operations with high power consumption. The bill sailed through its last legislative hurdle with a 49-0
May 15, 2025 2 mins read
As global interest in cryptocurrency adoption grows, Ukraine is taking a bold step toward integrating digital assets into its national financial strategy. The Eastern European nation is reportedly drafting legislation to establish a national strategic Bitcoin reserve, with the support of Binance, one of the world’s leading crypto exchanges. A
May 15, 2025 2 mins read
Coinbase, perhaps the most significant cryptocurrency exchange in the world, is stepping into bold territory by investing in Stablecorp, which created the Canadian dollar-backed stablecoin QCAD. At the Blockchain Futurist Conference in Toronto, it was announced in a strategic tie-up reflecting Coinbase’s general intention to cultivate digital innovation within Canada.
May 14, 2025 2 mins read
Decentralized finance (DeFi) pioneer Synthetix has announced a bold plan to re-acquire Derive, a crypto options platform that originally spun off from its ecosystem. The proposed $27 million token exchange deal was unveiled in a blog post on May 14 and is contingent upon approval from both communities via governance
May 14, 2025 2 mins read
Stablecoin giant Tether has once again made headlines with a bold move to support Bitcoin adoption. On May 9, Tether purchased 4,812.2 Bitcoin worth approximately $458.7 million for Bitcoin investment firm Twenty One Capital, a strategic move ahead of the company’s planned SPAC merger with Cantor Equity Partners. The Bitcoins
May 14, 2025 2 mins read
Republican Senators Cynthia Lummis (WY) and Bernie Moreno (OH) are sounding the alarm on potential tax pitfalls facing companies holding digital assets. In a recent letter to Treasury Secretary Scott Bessent, the two lawmakers urged the department to clarify how the Corporate Alternative Minimum Tax (CAMT) applies to unrealized gains
May 14, 2025 2 mins read