Category: crypto

Binance’s Alpha trading platform now supports tokenized U.S. stocks and ETFs, offering users new ways to access traditional assets through blockchain-based products. The platform allows for trading of 10 major U.S. stocks and ETFs with low or zero trading fees, under a regulated structure approved by the Financial Services Regulatory Authority. Trading is available through…

The White House confirms that former FTX CEO Sam Bankman-Fried will not be granted a presidential pardon, despite his efforts to appeal to President Donald Trump on social media. Bankman-Fried, serving a 25-year sentence for fraud, has been criticized for trying to influence Trump’s decision through public campaigns and aligning with conservative causes.

U.S. Senator Richard Blumenthal launched a Senate inquiry into Binance over allegations that the cryptocurrency exchange processed $1.7 billion in transactions related to sanctioned Iranian entities and Russian oil tankers. Blumenthal demanded documents regarding compliance practices and the treatment of internal investigators who raised concerns about suspicious accounts. Binance denied wrongdoing and stated that it…

The U.S. Treasury has sanctioned a Russian cyber exploit broker and affiliates for trafficking stolen U.S. government cyber tools. The sanctions are aimed at preventing digital trade-secret theft and unauthorized distribution of exploits. This action is part of a broader effort to hold foreign cyber actors accountable using economic and financial tools.

The Blockchain Association proposed crypto tax reforms during a meeting with House Ways and Means Committee offices on Capitol Hill. The reforms include taxing staking rewards only upon sale, privacy-focused reporting rules, and clarity for non-custodial platforms. The group aims to modernize digital asset tax policy and support compliance while strengthening U.S. competitiveness.

Bitcoin Depot in the U.S. now requires identification for every transaction on its crypto ATM network. The company aims to prevent fraud and misuse with continuous verification. This comes as regulators are scrutinizing the company for not implementing proper safeguards. Other states have also taken steps to tighten oversight of crypto ATMs due to misuse.

Anchorage Digital, a U.S. crypto bank, disclosed holding perpetual preferred stock issued by Strategy, a leading corporate Bitcoin treasury firm. Strategy recently acquired its 100th Bitcoin, bringing total holdings to over 717,000 BTC. The move aligns Anchorage with Strategy’s Bitcoin strategy and may support future initiatives, including a potential IPO.

Hong Kong plans to introduce new licensing rules for digital asset dealers and custodians to strengthen its position as a global digital asset hub. The government will also approve stablecoins and support tokenization initiatives to enhance market liquidity and boost tax transparency. These reforms aim to create a comprehensive regulatory framework for innovation and investor…

Coinbase CEO Brian Armstrong warns that proposed stablecoin rules in the UK could hinder the country’s competitiveness in the digital finance sector. The Bank of England is considering capping stablecoin holdings for individuals and businesses, with critics concerned that this could limit innovation. A petition to rethink these regulations has garnered over 80,000 signatures.

Nakamoto, a bitcoin treasury firm, acquired BTC Inc. and UTXO Management in a $107.3 million all-stock deal. This consolidation aims to scale Bitcoin media and treasury operations. The acquisition includes Bitcoin Magazine and The Bitcoin Conference. Nakamoto plans to use recurring revenues from media and advisory services for further BTC accumulation and expansion.