Category: crypto

Rep. Gerald E. Connolly criticized the US Treasury Department’s plan to establish a strategic Bitcoin reserve and digital asset stockpile. He condemned the effort as fiscally irresponsible and politically motivated, warning that it could benefit President Donald Trump and his allies. Connolly called for immediate halt to the initiative and raised concerns about conflicts of…

Argentina’s CNV has introduced new regulations for virtual asset service providers (PSAVs) to ensure transparency and consumer protection in the crypto sector. The rules mandate registration, cybersecurity, anti-money laundering, and asset custody standards. The framework, approved after public consultation, aims to balance effective regulation with fostering innovation and industry growth. Compliance deadlines for registration vary…

Venture capital funding for crypto startups in the US has not recovered despite regulatory clarity. Excessive capital inflows in 2021 and 2022 did not result in proportional returns, damaging investor confidence. Many funded projects have failed, leading to skepticism. However, VC funding has surpassed $1 billion monthly since December 2024.

VanEck has filed an S-1 registration statement with the SEC for a proposed Avalanche ETF, offering direct exposure to AVAX. The ETF will hold AVAX and value shares based on the MarketVector Avalanche Benchmark Rate. This move follows VanEck’s registration of the ETF in Delaware, signaling a push for altcoin ETFs beyond Bitcoin and Ethereum.…

Paul Chowles, a National Crime Agency officer, has been charged with multiple offenses related to the alleged theft of 50 Bitcoin in 2017, valued at £60,000 at the time. The case is being handled by the Crown Prosecution Service, with Chowles due to appear in court in April. The NCA, as the UK’s leading agency…

A US bankruptcy court ruled in favor of Three Arrows Capital (3AC), allowing them to increase their claim against FTX to $1.53 billion. FTX objected, claiming the revisions came too late and would disrupt their restructuring process. The court dismissed FTX’s objections, criticizing their lack of transparency and cooperation.

President Donald Trump’s family DeFi project, World Liberty Financial (WLFI), has raised approximately $590 million through its WLFI token sale, making it one of the top ten largest token fundraising events in the crypto industry. The project aims to launch a decentralized trading platform where token holders can participate in governance and decision-making processes. WLFI…

Solana’s governance process reached a milestone with proposals SIMD-228 and SIMD-123 sparking intense debate. SIMD-228 failed to pass with 61.39% approval, preserving the current staking reward structure. SIMD-123 passed with 74.91% approval, potentially reshaping validator incentives. Record turnout saw 74.3% participation in SIMD-228, setting new governance engagement benchmarks.

Vermont has dropped its legal action against Coinbase, following the SEC’s dismissal of a similar case. The state acknowledged the need for clearer regulatory guidelines for digital assets and rescinded its pending order without prejudice. Coinbase welcomed the decision, emphasizing that staking does not constitute a security and is essential for blockchain networks.

Russia is using crypto for oil trades with China and India to bypass Western sanctions. Oil companies settle trades in Bitcoin, Ethereum, and stablecoins like Tether’s USDT to simplify currency conversion. Despite challenges with the digital ruble, the country is moving towards increased adoption of digital assets in international trade.