A Canadian hacker allegedly exploited vulnerabilities in two defi platforms, stealing $65 million and laundering funds through crypto mixers, prosecutors say. He remains at large.
DOJ Indicts Canadian Hacker for $65M Defi Exploit
The U.S. Department of Justice (DOJ) announced on Feb. 3 that a federal court in New York unsealed a five-count criminal indictment against Canadian citizen Andean…
India is reassessing its cryptocurrency regulations as global policies evolve, with officials revisiting a discussion paper that could reshape the country’s approach to digital assets.
India May Soften Crypto Stance as US Embraces Bitcoin
India is reexamining its stance on…
USDT0 Launches on Arbitrum With 1:1 Backing, Faster Transfers
January 31, 2025
Tether has upgraded its USDT stablecoin on Arbitrum to USDT0, a cross-chain compatible asset backed 1:1 by Ethereum-based USDT reserves.
Tether Transitions Arbitrum USDT to USDT0
Tether says the upgrade automatically converts existing Arbitrum USDT holdings to USDT0 without…
No Rate Cut: Powell’s Steady Hand Defies Political Pressure; Crypto Gains Amid Equity Retreat
January 31, 2025
Following former President Donald Trump’s declaration that he would “demand” interest rate cuts from the U.S. Federal Reserve, policymakers defied external pressure Wednesday, maintaining the federal funds rate without adjustment.
FOMC Monetary Policy Unmoved
At its first 2025 gathering on Jan. 29, the Federal Open Market Committee (FOMC) observed that “economic activity has continued to…
French authorities have launched a judicial investigation into Binance, one of the world’s largest cryptocurrency exchanges, over allegations of money laundering, tax fraud, and unauthorized financial operations. The Paris public prosecutor’s office confirmed that the…
US Lawmaker Moves to Block SEC Overreach in Coinbase Case
January 30, 2025
The SEC’s “un-American” crackdown on crypto is driving innovation overseas, a U.S. senator warned, backing Coinbase in a pivotal legal battle over digital assets.
US Senator Calls SEC’s Crypto Approach ‘un-American’
U.S. Senator Cynthia Lummis of Wyoming is…
Scott Bessent Named U.S. Treasury Secretary, Backed by Crypto
January 30, 2025
Scott Bessent, a billionaire hedge fund manager, is now the 79th U.S. Treasury Secretary under Trump. Crypto leaders, including Ripple’s Brad Garlinghouse, celebrate his pro-innovation stance, anticipating major policy shifts.
Scott Bessent Confirmed as Treasury Secretary, Signaling Pro-Crypto Shift
Scott Bessent has been confirmed as the 79th U.S. Treasury Secretary under President Donald…
According to Forbes’ research of retail crypto traders, asset safety remained the most critical feature that exchange users want.
Crypto Users Have Crossed the 500 Million Mark Globally
Forbes has released its third annual “Best Crypto Exchange” ranking, evaluating…
Ripple CEO Calls for National Crypto Reserve Beyond BTC and XRP
January 29, 2025
Ripple’s CEO championed collaboration over crypto maximalism, pushing for a multichain reserve featuring BTC, XRP, and others while rejecting division as progress’s enemy.
Ripple CEO Advocates for Multichain Representation in Government Crypto Reserves
Ripple CEO Brad…
Ripple’s latest licensing wins in New York and Texas solidify its position in blockchain-powered payments, enabling compliant, real-time cross-border solutions for growing institutional demand.
Ripple Secures Key Licenses to Strengthen Cross-Border Payments
Ripple has entered 2025 with a strong push to expand its cross-border solutions capabilities, securing Money Transmitter Licenses (MTLs) in…
