Category: crypto

US and European law enforcement agencies disrupted Garantex, a Russia-linked crypto exchange accused of laundering billions for cybercriminals. Authorities seized domains and froze $26 million in assets, charging two individuals with money laundering conspiracy. The exchange allegedly processed $96 billion in illegal transactions and evaded sanctions by moving crypto holdings daily.

The Bitcoin Policy Institute proposed selling off the US Strategic Cheese Reserve to fund Bitcoin purchases, believing Bitcoin is a better asset to hold. This proposal follows President Trump’s Strategic Bitcoin Reserve initiative, aiming to expand US Bitcoin reserves without additional costs to taxpayers. Various methods for funding additional Bitcoin acquisitions were suggested.

New York lawmakers have introduced a bill, AO6515, to crack down on crypto fraud by criminalizing deceptive practices like rug pulls and private key fraud. The bill aims to provide stronger oversight in the crypto sector and impose legal consequences on developers and industry participants engaging in misleading behavior. Penalties include fines of up to…

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Blockchain security firm SlowMist reported that DeFi aggregator 1inch was exploited, resulting in over $5 million in losses. Attackers drained USDC and WETH from outdated smart contracts. 1inch confirmed the breach and is assisting affected resolvers. Despite setbacks, 1inch remains a major player in DeFi, facilitating a significant DEX volume.

In 2025, the NASAA warns retail investors about the risks of crypto and social media scams. Fraudsters are using emerging technologies like AI and crypto to deceive investors with high-risk investments, exploiting FOMO and pressuring them to act quickly. Social media platforms like Facebook and Telegram are increasingly used for fraudulent activities. Scammers are also…

U.S. Treasury Secretary Scott Bessent suggested expanding Bitcoin reserves beyond seizures with budget-neutral strategies to enhance U.S. global financial leadership. President Trump’s executive order to retain confiscated Bitcoin disappointed markets, sparking uncertainty. Bessent confirmed plans to establish a structured approach for maintaining and potentially expanding the crypto reserve.

US President Trump issued an executive order on March 6 to establish a Strategic Bitcoin Reserve, ensuring seized Bitcoin will be held in a national reserve. Treasury and Commerce Secretaries will formulate strategies to expand reserves without taxpayer burden. Industry leaders like Michael Saylor and Brian Armstrong praised the move, predicting global impact.

Solana led the market in February with a trading volume of $102.4 billion, despite a 60% decrease. The decline was due to the cooling off of the memecoin frenzy following the LIBRA token incident. Memecoins accounted for a significant portion of Solana’s trading volume, with a sharp drop in February.

Brazilian company Méliuz recently acquired 45.72 Bitcoin, equivalent to 10% of its cash holdings, for $4.1 million. This makes it the first publicly listed Brazilian firm to hold a significant Bitcoin position. The company sees Bitcoin as a long-term store of value and aims to build long-term value through this investment.