The stablecoin economy has soared to an unprecedented zenith this week, buoyed by a $ 10.28 billion expansion in March, propelling its total valuation to $ 234.60 billion. Concurrently, Circle’s USDC has eclipsed the $ 60 billion threshold for the first time. USDC Climbs While Treasury-Backed Tokens Disrupt Stablecoin Hierarchy Per the …
The U.S. state of Montana is considering new digital asset regulations as crypto scams surge, targeting vulnerable residents with fraud schemes and driving a sharp rise in financial losses. Montana Ramps up Fight Against Digital Asset Scams Montana Commissioner of Securities and Insurance James Brown issued a warning this week over a surge in cryptocurrency-related […]
South Korean financial authorities are cracking down on unregistered overseas cryptocurrency exchanges targeting Korean users. Enforcing the Specific Financial Information Act South Korean financial authorities are escalating their efforts to regulate the domestic cryptocurrency market by targeting overseas virtual asset exchanges that operate without proper registration. According to a local report, the Financial Intelligence Unit […]
A Brazilian man accused of masterminding a $ 290 million crypto Ponzi scheme has been extradited to the U.S., where he faces fraud charges and a potential 20-year sentence. Global Crypto Fraudster Faces U.S. Justice—Inside the $ 290M Bitcoin Scheme A Brazilian national has been extradited from Switzerland to the United States to …
Singapore’s gambling regulator blocked access to Polymarket, a predictions market, considering it online gambling under their law. Offenders Face Stiff Fines or Jail Time Singapore’s Gambling Regulatory Authority (GRA) has reportedly blocked access to Polymarket, a predictions market, as part of a broader crackdown on unlicensed gambling service providers. Under Singaporean law, predictions markets like […]