Category: crypto

T3 Financial Crime Unit (T3 FCU) frozen $100 million in criminal assets across five continents. Formed by Tether, TRON, and TRM Labs, the group collaborates with global law enforcement to disrupt organized crime schemes using blockchain transactions. The initiative aims to prevent the misuse of stablecoins like USDT and strengthen security standards worldwide.

Jordan’s government has introduced a new Blockchain Technology Policy for 2025 to increase transparency, improve public services, and drive economic growth. The initiative aims to modernize administrative procedures, enhance trust in government operations, and streamline functions by implementing blockchain technology. Security, data privacy, and developing blockchain expertise are central to the policy, positioning Jordan as…

Metaplanet CEO Simon Georvich predicts global rush for Bitcoin accumulation if US adopts Bitcoin Strategic Reserve. Georvich believes move would trigger competitive behavior among nations, benefiting early movers. He suggests move could stabilize developing nations’ economies. Skepticism remains in industry, with some questioning practicality and likelihood of such a move.

The crypto industry is starting the year with $7 billion in tokens set to be unlocked in January. Token unlocks are designed to prevent significant sell-offs, though they often result in short-term price declines. The unlocking schedule includes both one-time “cliff” unlocks and steady “linear” releases, with high-profile projects like Solana and Dogecoin participating.

MiCA, a new regulation in the European Union, is now live, covering stablecoins, token issuances, custody, and exchange services. Companies issuing e-money tokens must comply with strict rules, leading to potential consolidation in the industry. MiCA’s impact is expected to influence global regulations, with a focus on consumer protection and innovation.

Celsius Network filed an appeal contesting a decision that disallowed its $2 billion disparagement claim against FTX. Celsius alleged that FTX’s defamatory statements led to its bankruptcy in 2022. Despite amending the claim to $444 million, the court ruled in favor of FTX, emphasizing procedural deficiencies. This legal battle represents a trend in the crypto…

China has introduced new regulations to monitor and control risky foreign exchange activities, including those involving cryptocurrencies. The rules require banks to track individuals and entities involved in suspicious transactions related to cross-border gambling, underground financial networks, and unauthorized crypto dealings. Legal experts believe this is part of China’s ongoing crackdown on crypto trading. Despite…

The IRS provided temporary relief on crypto cost-basis reporting rules to prevent increased tax liabilities for digital asset investors. This postpones the implementation of a rule mandating FIFO accounting, giving brokers until 2025 to accommodate various accounting methods. Legal challenges have been raised against the IRS’s expanded reporting requirements.

The Syrian Center for Economic Research has proposed integrating Bitcoin into Syria’s financial system, aiming to digitize the Lira and stabilize the economy. Challenges include recovery from conflict, limited infrastructure, and minimal crypto adoption. Critics fear it could be used to evade sanctions, but SCER emphasizes a focus on economic recovery and innovation.

Vitalik Buterin donated 50 ETH to support Tornado Cash developer Roman Storm’s legal defense fund. Storm expressed gratitude for Buterin’s support during a challenging time. Storm’s legal team argues that recent court rulings question the basis of the charges against him. Community members have shown support for Storm’s case.