Coinbase has played a major role in one of the largest crypto seizures in US law enforcement history, helping the Secret Service recover $225M in USDT stolen through pig butchering scams that devastated hundreds of victims worldwide. The landmark operation, which began with Tether freezing 39 suspicious wallet addresses in late 2023, culminated in a […]
Metaplanet, the Japanese investment firm undergoing a bold pivot toward Bitcoin, raised more than $517m on the first day of its sweeping “555 Million Plan,” signaling strong early momentum behind one of Asia’s largest crypto-focused capital raises. According to a company filing on Wednesday, the funding was secured through the issuance of 54m new shares
Metaplanet Pulls in Over $500M on Day One of ‘555 Million Bitcoin’ Plan Read More »
The United States Securities and Exchange Commission (SEC) is tapping former U.S. Department of Justice attorney Kevin Muhlendorf to be the agency’s new Inspector General, a June 23 press release from the federal regulator shows. SEC Chair Praises Kevin Muhlendorf’s Watchdog Credentials According to the Monday press release, the one-time litigation associate at Steptoe &
Major crypto wallet maker Ledger has announced that its latest product, Ledger Recovery Key, is “coming soon.” According to the press release, this is a spare key for Ledger Flex and Ledger Stax wallets. It’s designed to make recovering access to assets simple, the team says. Users will be able to create an offline spare
Ledger Reveals Recovery Key for Flex and Stax Wallets Read More »
Telegram shutting down Huione Guarantee, the largest illicit marketplace in history, with over $27 billion in transactions, paradoxically strengthened the dark market as rival platforms experienced a 400% volume surge and quickly absorbed the criminal user base. Following blockchain analytics firm Elliptic’s investigation, Telegram banned thousands of channels and accounts linked to Huione on May
VMS Group, a Hong Kong multifamily offices with deep roots in private equity, is making its first push into digital assets as clearer regulations and institutional momentum pull traditional investors into the crypto space. Bloomberg reported Tuesday that the firm, which manages nearly $4b for some of the city’s wealthiest families, plans to allocate up
$4B Hong Kong Family Office Enters Crypto — How Big is the Bet? Read More »
Fiserv, one of the largest fintech firms in the US, announced plans Monday to launch its own US dollar-backed stablecoin, FIUSD. The company is teaming up with PayPal and Circle to expand digital asset services across its banking and payments network. It aims to roll out the token by the end of the year, tapping
Fintech Firm Fiserv Taps PayPal and Circle to Power Its Stablecoin Initiative Read More »
Coinbase customers watched helplessly as a New York con artist, unmasked by blockchain sleuth ZachXBT, siphoned more than $4 million from their wallets and gambled it away. A June 23 X thread from ZachXBT revealed a phone-based support scam that preyed on basic human trust, spotlighting a wider surge in crypto phishing schemes. The tale
ZachXBT Unmasks $4M Coinbase Crypto Scam – Victims’ Wallets Emptied, Funds Gambled Away Read More »
Trezor has issued a high-priority security warning after attackers exploited its support contact form to send phishing emails to users. The company confirmed that scammers submitted fake support requests using email addresses associated with real users, prompting the system to send out automated replies that mimicked legitimate Trezor support messages. Important Update We have identified
Key Takeaways: Hong Kong’s licensing regime for stablecoin issuers begins on August 1, with limited approvals expected in the initial phase. Applicants must show detailed control systems, including asset security and AML compliance, and prove their ability to operate across jurisdictions. The HKMA references global regulatory frameworks, including FSB guidelines, to structure its supervisory approach.
Hong Kong Sets High Bar for Stablecoin Issuers Ahead of August Regime Launch Read More »
