US prosecutors charged a Canadian national, Andean Medjedovic, with allegedly exploiting DeFi protocols Indexed Finance and KyberSwap, pilfering some $65 million through fictitious trades. On Feb. 3, the Justice Department unsealed an indictment in a Brooklyn federal court against Andean Medjedovic, charging him with hacking, attempted extortion, money laundering, and
United States President Donald Trump issued a new executive order to create a US Sovereign Wealth Fund. The order aims to create the fund by the next year and plans to acquire popular short-video application TikTok. This is not the first time a country has created a fund to make
The Financial Conduct Authority (FCA) has granted Coinbase its UK Virtual Asset Service Provider (VASP) registration. According to the press release, the exchange will now be able to offer crypto and fiat services to UK users under the UK’s regulations. This milestone makes Coinbase the biggest FCA-registered crypto exchange in
The Securities and Exchange Commission (SEC) of Thailand plans to launch a distributed ledger technology (DLT)-based platform for trading tokenized securities. This move aims to enhance capital market efficiency and attract more investors. According to the Bangkok Post, the platform will allow securities firms to trade digital tokens, capitalizing on
Ever since Donald Trump won the US elections, major shifts have been happening across all aspects of the US economy. From supporting the crypto industry and innovation to implementing new tariffs, Trump is relentlessly making it to the headlines every day. With his radical decision to establish D.O.G.E led by
The cryptocurrency industry has hit another downturn as US President Donald Trump’s latest tariff decisions. Trump’s tariff decision caused a market shock, Bitcoin (BTC) fell below $94,000 and recorded an intraday low of $91,242, a clear loss from its recent highs. Ethereum (ETH) also plummeted over 26% to $2,159, causing
Donald Trump new tariff system is shaking global markets. In particular, the crypto market was in a blood bath in the early Asia hours, with BTC and ETH falling above 6% and 20% respectively. With more than $2.2 billion in crypto liquidations in the last 24 hours, the total market
El Salvador making waves in the crypto market purchasing two additional Bitcoins in a single day. According to its Bitcoin strategic reserve initiative, the country buys one BTC per day but recently the country has increased its acquisition rate. Recently, the country revoked Bitcoin’s legal tender status due to International
India’s New Crypto Tax Rules Bring Heavy Penalties India has begun strict new tax guidelines on the profits obtained from cryptocurrencies. Undisclosed gains will attract up to 70% penalties. This amendment is under Section 158B of the Income Tax Act as announced by Finance Minister Nirmala Sitharaman in the Union
Filings for Crypto funds are increasing by the day as the new administration takes charge in the US. Bitcoin was the first crypto to have its exchange-traded funds on conventional market places in 2024. However, we are witnessing other cryptos such as XRP, Solana, and Litecoin ETF filings this year.
