Latest Digital Assets stories from Crypto.
Dutch prosecutors are pushing for the closure of the unlicensed crypto platform Knaken, impacting around 30,000 users who are currently unable to access their funds.
Open USD, a new stablecoin set to launch later this year, will allow businesses like Visa, Stripe, and Coinbase to mint and redeem without fees or limits.
Jefferies has indicated that the Clarity Act is likely to encounter significant obstacles in the Senate, which could impact institutional adoption of cryptocurrencies and extend regulatory uncertainty.
Circle's value has decreased by 13% following the announcement of Open Standard's Open USD, which is backed by Stripe, Coinbase, and BlackRock.
MetaMask has unveiled its Money Account, which combines stablecoin yield and spending capabilities in one wallet, aiming to broaden the use of stablecoins.
Spiko has announced the integration of Coinbase Payments into two EU regulated UCITS Treasury funds, allowing for transactions using USDC and EURC stablecoins.
Bitcoin has been trading within a narrow range of $59,000 to $60,000 this week, reminiscent of a previous calm period in 2024, but it is now positioned below critical support levels.
The SEC has obtained a $5.4 million judgment against NanoBit, accused of operating a fraudulent crypto trading platform and misappropriating investor funds.
In a strategic move, ARK Invest has acquired $43.5 million in crypto stocks, including Coinbase and Circle, as their prices have significantly dropped.
Guo, a self-exiled billionaire, has been sentenced to 30 years in prison after being arrested in 2023 for a fraud scheme involving over $1 billion in cryptocurrency.
In a recent development, Singapore has placed Hyperliquid on its regulatory 'naughty' list, following Bybit's earlier inclusion. Meanwhile, Indonesia introduces a new licensing scheme for social media influencers promoting cryptocurrency.
The Financial Conduct Authority has finalized regulations for the UK crypto market, addressing capital requirements, stablecoins, and market abuse, set to take effect by October 2027.
The UK Financial Conduct Authority has released a comprehensive regulatory framework for cryptocurrency, mandating that firms obtain authorization by February 2027.
TD Cowen has indicated that the likelihood of the crypto market structure bill, known as the Clarity Act, being passed before the upcoming midterm elections remains uncertain.
With the Senate on state work periods until July 13, lawmakers have a limited timeframe to advance the CLARITY Act, which could face delays due to upcoming elections.
The SEC has finalized its case against NanoBit, a crypto platform accused of deceiving investors and misappropriating funds, resulting in over $5 million in penalties.
Galaxy has adjusted its prediction for the Clarity Act's passage this year to a 50% likelihood, citing limited time remaining in the Senate calendar.
In light of the new Markets in Crypto-Assets regulations, Coinbase, Kraken, and OKX are seeking to attract users from unlicensed firms by offering incentives.
With the MiCA regulation set to take effect on July 1, experts caution that many crypto users in the EU might find themselves without access to platforms.
Ethereum co-founder Vitalik Buterin discusses the potential of indistinguishability obfuscation as a future solution for crypto, while noting its current limitations.