Category: crypto

Spanish law enforcement dismantled an underground financial network that laundered over €20 million through crypto transactions for organized crime groups in China and the Arab world. 17 individuals were arrested, with 15 in pretrial detention. The network used disguised remittance services and transported cash using hidden compartments in vehicles. They earned commissions in crypto, making…

Bitwise CIO Matt Hougan predicts a significant increase in crypto investments in the financial advisory space. He expects major firms to offer crypto ETP access by 2025, with inflows reaching “many billions.” Portfolio allocation norms are shifting, with institutions becoming more comfortable with higher crypto weightings. Interest in Ethereum is also increasing among advisors.

The Ethereum Foundation has launched the Trillion-Dollar Security (1TS) initiative to enhance Ethereum’s security standards for global finance. The initiative aims to securely hold trillions of dollars in assets and enable organizations to manage up to $1 trillion within a smart contract. The initiative will involve mapping vulnerabilities, executing improvements, and communicating progress.

Bitfarms reported a significant decline in net financial income in the first quarter of 2025, largely due to reduced gains on derivatives and warrant revaluations. Despite a 33% increase in revenue driven by higher hash rate deployment, the company experienced a wider net loss compared to the previous year. Operations in Argentina were halted, resulting…

The Pi Foundation has launched Pi Network Ventures, a $100 million fund to support startups integrating the Pi token into practical use cases beyond Web3. The fund aims to boost adoption and drive growth within the Pi ecosystem by investing directly in Pi tokens. This initiative aligns with the goal of connecting decentralized technology with…

CFTC Commissioner Summer Mersinger will leave the agency on May 30 to become the Blockchain Association’s CEO on June 2. The association is pushing for legislative action on digital assets in Washington. Mersinger is known for advocating balanced digital asset policy and dissenting from enforcement actions. Industry leaders welcome her appointment.

JPMorgan successfully completed a pilot transaction bridging traditional finance and blockchain with Ondo Finance and Chainlink. This marked the first time Kinexys connected its permissioned blockchain network with a public chain, allowing for real-time settlement and reducing manual intervention. The test transaction used a Delivery versus Payment model to reduce settlement risk and improve liquidity.

France’s Interior Ministry will meet with key players in the crypto industry to address a rise in kidnappings targeting digital asset entrepreneurs. The meeting aims to improve security awareness and response strategies. Law enforcement is prepared to pursue attackers across borders. Recent incidents include an attempted abduction of a French crypto executive’s family and violent…

Coinbase CEO Brian Armstrong invited US Department of Government Efficiency (DOGE) employees to apply for roles at the crypto exchange after their current roles end. Armstrong described it as a new mission for public servants to improve financial systems at scale. The invitation comes as DOGE is set to conclude operations.

Sandeep Nailwal, co-founder of Polygon, warned about deepfake scams using his image to deceive crypto founders. Scammers compromised a Telegram account to set up fake Zoom meetings with manipulated videos. This incident highlights the growing threat of deepfake fraud in the crypto industry, with losses exceeding $200 million in Q1 2025. Nailwal advised caution and…