Law and Order

New York Man Denied Bail Over Alleged Bitcoin Ransom, Torture Plot

New York Man Denied Bail Over Alleged Bitcoin Ransom, Torture Plot

In brief William Duplessie has been indicted on kidnapping, assault, and weapons charges. The victim was allegedly tortured and threatened before escaping barefoot onto Manhattan streets. Co-defendant John Woeltz was previously denied bail; both men remain in custody. A Manhattan grand jury has indicted one of two men allegedly involved in the high-profile kidnapping and […]

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SEC Flags Compliance Concerns Over Proposed Ethereum and Solana ETFs

SEC Flags Compliance Concerns Over Proposed Ethereum and Solana ETFs

In brief The SEC raised concerns about whether the REX-Osprey ETH and SOL ETFs qualify under the Investment Company Act of 1940. Despite ongoing discussions, the ETFs’ registration became effective on May 30 without resolving the issues. The letter came a day after SEC staff issued guidance exempting certain staking practices from securities rules. The

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Here’s What’s at Stake for Crypto in South Korea’s Upcoming Election

Here’s What’s at Stake for Crypto in South Korea’s Upcoming Election

In brief Nearly one-third of South Koreans own crypto, making digital assets a pivotal campaign topic. Both parties support crypto ETFs, but diverge on stablecoin strategy and banking reforms. New regulations from June will allow exchanges and non-profits to sell digital assets, signaling a potential policy shift. South Korea is gearing up to elect a

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Nigel Farage Pledges to Slash Crypto Capital Gains, Force UK Bitcoin Reserve

Nigel Farage Pledges to Slash Crypto Capital Gains, Force UK Bitcoin Reserve

In brief UK politician Nigel Farage pledged this week to pass a pro-crypto bill if made prime minister. Farage said he would slash crypto capital gains taxes and force the Bank of England to establish a Bitcoin reserve if elected. He also promised to end crypto-related debanking in Britain, which he argued remains a massive

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Does Crypto Have a KYC Problem? Coinbase Hack, Solana Founder Doxxing Reopen Debate

Does Crypto Have a KYC Problem? Coinbase Hack, Solana Founder Doxxing Reopen Debate

For privacy-minded crypto users, there may be no three letters more dreaded than “KYC.” The acronym, shorthand for “know your customer,” refers to the process of providing personally identifiable information, such as your name and address, to certain service providers, namely cryptocurrency exchanges. In many jurisdictions, including the U.S., it’s required by law. And while

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Why this Bitcoin-Friendly Lawmaker Carries a US Debt Clock in His Pocket

Why this Bitcoin-Friendly Lawmaker Carries a US Debt Clock in His Pocket

In brief New Hampshire Rep. Keith Ammon (R) is a Bitcoin-friendly politician. He thinks Bitcoin could shield the Granite State from inflation. U.S. debt has reached unsustainable levels, he says. When it comes to stockpiling Bitcoin, U.S. states aren’t just racing against each other, according to New Hampshire Rep. Keith Ammon (R). He believes that

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Bitcoin Wobbles as US Trade Court Strikes Down Trump’s Tariffs

Bitcoin Wobbles as US Trade Court Strikes Down Trump’s Tariffs

In brief A federal court has knocked back Trump’s sweeping April tariffs, ruling them unconstitutional. U.S. equity futures surged following the decision, while Bitcoin experienced a minor drawdown as traders rotate capital. The court gave the government 10 days to implement the injunction; Trump’s legal team has already appealed the ruling. Bitcoin retreated slightly on

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Elon Musk Bids Adieu During Final Days as Special Government Employee at DOGE

Elon Musk Bids Adieu During Final Days as Special Government Employee at DOGE

In brief Musk confirmed Wednesday he is stepping down from DOGE, the Trump administration agency he co-founded to fight federal waste. His exit, expected by May’s end due to Special Government Employee limits, leaves the agency without either of its original figureheads. Despite claiming $175 billion in savings, DOGE has faced backlash over inflated figures,

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Circle Freezes  Million Worth of USDC in Solana Wallets Tied to Libra Scandal

Circle Freezes $58 Million Worth of USDC in Solana Wallets Tied to Libra Scandal

In brief USDC token accounts tied to the Libra team were frozen by stablecoin issuer, Circle. The accounts held nearly $58 million worth of USDC, which is now immovable. The Libra token launch ignited a political scandal which rocked Argentina and the cryptocurrency market in February. The Libra meme coin scandal, which rocked the cryptocurrency

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Pakistan to Launch Strategic Bitcoin Reserve, Says Crypto Minister

Pakistan to Launch Strategic Bitcoin Reserve, Says Crypto Minister

A crypto advisor to the Pakistani government announced Wednesday that the country will launch a strategic Bitcoin reserve. Speaking at the Bitcoin 2025 conference in Las Vegas, Bilal Bin Saqib, the newly appointed special assistant to the prime minister on blockchain and cryptocurrency, said that Pakistan’s government is “setting up its own Bitcoin strategic reserve.”

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