Category: crypto
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FBI warns of Tron-based scam tokens posing as law enforcement
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California judge dismisses Coinbase user’s attempt to quash IRS tax summons
A California court dismissed a Coinbase user’s attempt to block an IRS summons for his financial records due to failure to meet notification rules within the 90-day deadline. The user had challenged the summons on privacy and scope grounds, but the court ruled against him. This reinforces the IRS’s authority to obtain user financial records.
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GitHub phishing scam uses OpenClaw branding to lure developers into wallet drain: report
Crypto scammers are targeting developers through a GitHub phishing campaign posing as OpenClaw. Victims are promised $5,000 in $CLAW tokens and directed to a fake website to connect their wallets, leading to wallet draining. OX Security warns of obfuscated code and targeted tactics, with no confirmed victims reported.
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OG Bitcoin whale offloads 1,000 BTC as selling pressure intensifies
A long-dormant Bitcoin whale wallet has offloaded 1,000 BTC on Wednesday, totaling 3,500 BTC since November 2024, with $330 million in profit. Additional selling from early investor Owen Gunden and Bhutan-linked wallets indicates a pattern of distribution from large holders. Overall whale activity has contributed to a decrease in Bitcoin price.
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Morgan Stanley advances Bitcoin ETF plans with amended S-1
Morgan Stanley has submitted an amended Bitcoin ETF filing to the SEC, confirming the ticker MSBT on NYSE Arca. The filing outlines a $1 million seed structure through 50,000 shares and confirms Coinbase Custody and BNY Mellon as custodians. Details on management fees and expenses remain undisclosed. The trust will operate as a passive investment…
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ECB seeks experts to define digital euro integration across payment infrastructure
The European Central Bank is seeking experts to help define how a potential digital euro could be utilized at ATMs and payment terminals. Two workstreams are being opened to focus on technical specifications, certification frameworks, and integration with existing payment systems. The ECB is cautious of stablecoins as potential competitors to a digital euro.
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South Korea’s People Power Party proposes bill to abolish 22% crypto tax
South Korean lawmakers from the People Power Party are pushing to abolish a proposed 22% tax on cryptocurrency gains, originally set to be implemented in 2022 but now delayed until 2027. Critics argue that the tax is unfair and would hinder trading activity, while the ruling party is considering the bill.
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Bitcoin slips below $71k as Powell and Iran oil shock hit crypto
Bitcoin fell below $71,000 due to Fed Chair Powell’s hawkish tone and Iran’s oil shock, causing $542 million in liquidations in leveraged crypto markets. The Fed’s projections of higher inflation and lack of rate cuts in 2026 led to a risk-off move in the market, with Bitcoin and Ethereum prices dropping.
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Federal Reserve moves to ease capital rules for Wall Street’s biggest banks
The Federal Reserve has proposed a 90-day comment period to ease capital rules for large banks and regional lenders. The reforms aim to reduce capital requirements for banks while still maintaining post-2008 safeguards. Industry groups support the changes, while critics warn of weakening prudential defenses during uncertain economic times.
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Coinbase Commerce seed phrase page alarms security community ahead of March 31 shutdown
Coinbase Commerce’s seed phrase withdrawal page is under fire for asking users to enter their 12-word recovery phrases into a web form, despite industry warnings against this practice. Security researchers warn that this creates a phishing risk, especially as Coinbase Commerce is being phased out by March 31, 2026. Critics urge users to avoid entering…