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Cointree Fined $75K for Reporting Lapses Late by AUSTRAC

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

US DOJ Charges 12 More in $263M Bitcoin Theft and Laundering Case

DOJ has filed additional charges against 12 individuals involved in a wide-ranging crypto crime operation. The group is accused of stealing $263 million, including 4,100 Bitcoin, from a Genesis creditor in August 2024. These charges, announced on May 15, extend the original indictment filed against Malone Lam in September 2024.

May 16, 2025 2 mins read

Abu Dhabi’s Mubadala Increases BlackRock Bitcoin ETF Holdings to Over $408M

Abu Dhabi’s sovereign wealth fund Mubadala has reported a substantial increase in its stake in BlackRock’s iShares Bitcoin Trust (IBIT). According to a U.S. SEC 13F filing dated March 31, 2025, the fund now holds 8,726,972 IBIT shares, up from 8,235,533 shares reported at the end of 2024. The latest

May 16, 2025 2 mins read

Coinbase Cyber Attack Could Cost $400M: What You Need to Know

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

Green Streak or Pause Ahead? Onyxcoin Eyes the $0.025 Mark After a 13% Surge

The mixed sentiment lingering within the crypto market triggered the assets to swing between losses and gains. Today, with a brief spike of 1.14%, reaching a $3.33 trillion market cap. Assets like Story and Pendle secured the spotlight among top gainers with double-digit gains.  Notably, Onyxcoin (XCN) has posted a

May 16, 2025 2 mins read

JP Morgan Sees Bitcoin Outpacing Gold in 2025

JP Morgan analysts say Bitcoin has stronger upside potential than gold heading into the second half of 2025. In a recent note, they cited fresh corporate interest and growing state-level support as key drivers of the asset’s sustained rally. The analysts believe crypto-related catalysts may fuel further gains and extend

May 16, 2025 2 mins read
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