Coinbase formally launched its European crypto hub in Luxembourg as per the Markets in Crypto Assets regulation of the European Union. This happened after Coinbase received a MiCA license from the financial watchdog of Luxembourg in June 2025. Luxembourg’s Commission de Surveillance du Secteur Financier granted the license more than
The Financial Intelligence Unit of South Korea recently referred approximately 40 unregistered virtual asset service providers to the police authority. It reflects Seoul’s increasing attempts to regulate the cryptocurrency firms that operate in South Korea. According to South Korean law, all crypto exchanges are mandated to get the ISMS Certification
A hacker used a legacy royalties contract on the Polygon platform and made away with about $261,200 worth of cryptocurrency in recent times. The security firm TenArmorAlert identified the unusual transaction on June 23 and tracked down the exploit transaction. The blockchain shows that the hacker carried out the attack
A critical vulnerability reported by SecondFi had left the private keys of the users who have used their web wallet exposed. They had quickly suspended all services from June 23 and advised the users to move their funds somewhere else. The above-mentioned vulnerability had occurred in the wallet generator software
U.S. Lawmakers continue to advance digital asset regulations as the Senate moves closer to introducing dedicated cryptocurrency tax legislation. Senator Steve Daines revealed that Republican senators had already developed the framework. During an interview with Bloomberg Tax, Sen. Steve Daines said, “sooner rather than later”. He also said, “We’ve put
Ripple received the first preliminary approval for a license in the role of Crypto Asset Service Provider from Luxembourg’s financial authorities this week. This authorization is another step towards implementing the company’s European expansion plan amid the MiCA regulatory regime. The Commission de Surveillance du Secteur Financier of Luxembourg issued
U.S. President Donald Trump issued executive orders to improve America’s preparedness for quantum computing advancements in the future. These orders set up strict timelines for federal agencies to upgrade their cryptographic technologies to quantum-resistant technologies. By virtue of Executive Order 14409, the federal agencies will need to enhance certain important
Fed chair Kevin Warsh is going to assess the bank’s monetary policy before the House Financial Services Committee. The hearing is set for July 14, and only weeks remain till the meeting of the FOMC. Warsh will provide his first assessment of the Federal Reserve’s monetary policy before Congress during
The Bank of England announced the final framework for regulating stablecoins and drafted new regulations following extensive consultation with the industry. The new framework is less stringent than previous iterations as per industry concerns about limiting growth in the UK’s nascent stablecoin market. Proposed holding limits that would have prevented
Attackers stole $1.7 million in the most recent decentralized finance heist this month using an exploit on one of the network’s bridge protocols; Taiko, an Ethereum layer-2 blockchain, has now asked its users to remove assets from the network’s bridges. On Monday, the layer-2 blockchain brought to light a vulnerability
