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Crypto Performs the Same Role As Finance- ASIC Fintech Chief
A senior official at Australia's corporate regulator argues that blockchain and cryptocurrencies should not be seen as a separate asset class but rather as part of existing financial services, advocating for regulations based on economic functions instead of technology.
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Trust Wallet Adds Address-poisoning Protection Across EVM Chains
Trust Wallet has launched a new security feature to protect users from address-poisoning scams, which involve fraudsters using lookalike wallet addresses to trick users. The system automatically screens destination addresses against a database of known scams, alerting users before transactions are completed, thus enhancing wallet security.
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Prosecutors Push Retrial for Roman Storm in Crypto Case
Federal prosecutors seek a retrial for Roman Storm on unresolved conspiracy charges linked to Tornado Cash, a crypto mixing service. The case raises questions about liability for developers of decentralized tools amid significant attention from the crypto community.
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Institutions Buy $540M in Solana ETFs, Data Shows
Institutional investors, led by Electric Capital Partners and Goldman Sachs, have invested over $540 million in U.S. spot Solana ETFs, highlighting strong interest despite low basis yields, indicating genuine demand for regulated crypto exposure.
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62% of Indian Women Very Likely to Invest in Crypto: CoinSwitch Survey
A CoinSwitch survey shows that 85% of women in India are likely to invest in cryptocurrency soon, highlighting increased financial independence and interest in digital assets. Key factors include awareness, access to crypto platforms, and preference for established cryptocurrencies.
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Stablecoin Startup KAST Secures $80M Funding At $600M Valuation
KAST, a stablecoin payments startup, raised $80 million, boosting its valuation to $600 million. The funds will aid global expansion, hiring, and product development. KAST operates in a growing digital asset sector, reflecting increased venture interest in stablecoin infrastructure.
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U.S. Treasury Highlights Risks From Crypto ATM Fraud
The U.S. Treasury report reveals a rise in fraud linked to crypto ATMs, highlighting their misuse by criminals due to compliance failures among operators. In 2024, over 10,900 scams were reported, resulting in $246.7 million in losses. Enhanced oversight is necessary to combat these issues.
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Starcloud Targets Bitcoin Mining in Orbit With New Satellite
Starcloud plans to mine Bitcoin from space using a second spacecraft, aiming to utilize solar energy and the cold environment of low Earth orbit. This initiative could revolutionize energy-intensive computing and address cooling and energy costs for mining operations.
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Global Conflict Sparks $2B Crypto Market Sell-off
Around a week has passed since the war between the United States and Israel against Iran, and this man-made disaster has made severe dents in the markets worldwide
Following this international tension, the oil, natural gas, currency, and cryptocurrency markets faced major losses, with some
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Wishing you great wealth in the Year of the Horse 🐴
New Stablecoin Rules Passed By Florida Lawmakers
Florida lawmakers have passed a bill to regulate stablecoins, establishing clear rules for issuance, oversight, and consumer protection. This bipartisan effort aims to provide regulatory certainty and attract blockchain innovation while ensuring financial stability and transparency.
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$10M Settlement Ends SEC Case Against Justin Sun
The SEC has reached a $10 million settlement with Justin Sun, resolving allegations of securities fraud linked to TRX and BTT tokens. The agreement dismisses personal claims against Sun and highlights the SEC's ongoing regulatory efforts in the crypto industry.
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Kazakhstan to Invest $350M of Reserves in Crypto Assets
The National Bank of Kazakhstan plans to invest $350 million from reserves into crypto-related assets, focusing on technology companies and index funds rather than direct cryptocurrency purchases, aiming to diversify and gain exposure while managing risks.
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Nedbank, Crypto(dot)com Team Up for Blockchain Payments in Africa
Nedbank and Crypto(dot)com are partnering to modernize payment systems in Africa using blockchain technology, aiming for faster, cost-effective cross-border transactions and integration of digital assets into banking. Pilot programs will test these solutions.
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Pudgy Penguins NFT Hit With Trademark Lawsuit By PEI Licensing
PEI Licensing has sued Pudgy Penguins for trademark infringement, alleging consumer confusion due to branding overlap as Pudgy expands from NFTs to physical merchandise. The case highlights tensions between traditional IP law and the growing digital asset sector.
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