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Circle’s Patrick Hansen stressed that the planned reform on crypto taxation would introduce a 50% substitute assessment for crypto assets if users fail to provide credible purchase documentation, with these…
Five months after attackers tricked a Layerzero-powered bridge into releasing 116,500 rsETH worth about $292 million without a matching burn, the fight over who was responsible has landed in court.…
A Brooklyn man who posed as a Coinbase representative and stole nearly $16 million from about 100 people has been sentenced to four to 12 years in prison. A judge…
The new measures aim to strengthen the central bank’s AML/TF oversight over digital asset transactions where wallets are under complete user control, a situation that the bank says “can reduce…
The Federal Reserve is proposing a rulebook for bank-issued payment stablecoins that gets strikingly specific. Basically, every $1 of tokens must be backed by at least $1 of permitted reserves,…
New York has sued Polymarket, accusing the prediction market of running an illegal gambling operation while advertising sports betting across all 50 states. New York Attorney General Letitia James’ lawsuit…
Iris Rabaya Au received an 18-month federal prison sentence after pleading guilty to concealing more than $2.6 million she obtained through her former boyfriend’s criminal activities. The money moved through…
Coinbase CEO Brian Armstrong says USDC rewards should not be treated like bank-deposit interest, arguing that fully reserved stablecoins pose fundamentally different risks from fractional-reserve banking. His comments sharpen a…
Social media giant X has filed a lawsuit against crypto influencers Vivek Kumar Sen and Zamyang Sherpa, accusing them of fraudulently taking over $277,000 from the platform’s creator revenue-sharing program.…
The United States blacklisted Iranian crypto exchange Bitbank and its software developer over alleged sanctions-evasion activity. Treasury says financier Babak Zanjani used the platform to move hundreds of millions of…