Bitcoin price pressure took BTC toward the “crucial” $61,000 mark as oil prices soared on the collapse of the US-Iran ceasefire. Bitcoin (BTC) stayed below $62,000 after Wednesday’s Wall Street open as US president Donald Trump closing a key world oil route. Key points: Read more Go to Source
Category archives: Trending Crypto news
India crypto tax filings lag trading activity: Report
India’s tax department reportedly found that fewer than a quarter of the 645,000 people who made crypto transactions reported them on tax returns. India’s tax department reportedly found widespread gaps in crypto tax reporting, warning that offshore exchanges, private wallets and peer-to-peer (P2P) trades are making crypto activity harder to track. Reuters on Wednesday reported …
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Bull Bitcoin asks French court to strike down DAC8 implementing decree
The non-custodial Bitcoin exchange petitioned to annul a French decree implementing DAC8, arguing the rules could create surveillance and physical risks for up to 135 million European crypto holders. Bitcoin exchange Bull Bitcoin said Wednesday that it had petitioned France’s Council of State (Conseil d’État) to strike down a French decree implementing the European Union’s …
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The 5 types of real world assets being tokenized fastest onchain
Tokenized Real World Assets span treasuries, real estate, stocks, commodities and private credit. The sector is still small in TradFi terms but it’s growing very, very fast. Standard Chartered head of digital assets research Geoff Kendrick predicted in a recent research note that assets in DeFi could reach $2.7 trillion by 2030. He said that, …
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First Financial Security Paying $1,200,000 In Data Breach Settlement For October 2023 Incident
First Financial Security is preparing to pay affected individuals a total of $1.2 million in cash and credit monitoring services in a class action settlement. The national insurance agency agreed to the resolution of claims stemming from its October 17th, 2023 data breach. The lawsuit was launched because the company allegedly failed to adequately protect …
Mobile app Toss and blockchain Optimism to conduct Korean won stablecoin POC : report
Toss has reportedly partnered with Optimism and Sunnyside Labs for a proof of concept on the feasibility of a Korean won-based stablecoin for payments. Viva Republica, the operator of South Korea-based mobile money transfer app Toss, reportedly signed a memorandum of understanding with blockchain company Optimism to test a Korean won-based stablecoin infrastructure for institutional …
Lyn Alden says Bitcoin needs no savior as Strategy sells $216M of BTC
Bitcoin-focused macroeconomist Lyn Alden said BTC must stand on its own as Strategy sold 3,588 BTC, while warning about leverage risks tied to STRC. Bitcoin is facing its weakest sentiment cycle yet, according to Lyn Alden, a Bitcoin-focused macroeconomist who said the asset must stand on its own as Strategy disclosed a $216 million Bitcoin …
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ESMA turns spotlight on crypto custody risks after MiCA transition
The EU securities regulator will assess custody providers’ key management, incident response and reliance on third-party technology providers. The European Securities and Markets Authority (ESMA), a key EU regulator supporting the implementation of the Markets in Crypto-Assets (MiCA) framework, is launching a dedicated process for reviewing crypto custody providers. ESMA plans to conduct a common …
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Kalshi files same-day appeal of NY court’s rejection of bid to block state gambling law enforcement
Kalshi appealed to the Second Circuit after a New York federal judge denied its request to block state gambling officials from enforcing local laws against its sports event contracts. Kalshi is appealing a New York federal judge’s rejection of its bid to block state gambling officials from enforcing local laws against the prediction market platform’s …
HR Firm in Wisconsin Settling Data Breach Lawsuit For $775,000 In Cash Payouts To Victims
The Management Association (MRA) is preparing to pay class members hundreds of thousands of dollars as part of a class action settlement over data breaches. The human resources management organization agreed to the settlement resolving claims from breaches discovered in July 2023 and January 2024, reports ClassAction.org. The lawsuit was launched because the association allegedly …
President Trump’s Bitcoin (BTC) Reserve Plan Encounters Interagency Hurdles
President Trump’s plan for a Strategic Bitcoin (BTC) Reserve has encountered complications from competing government departments. Two agencies are vying to oversee the initiative, raising questions about legal authority, reports Bloomberg. The reserve was ordered last year to position the US as the crypto capital of the world. It was intended to be housed in …
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Base to activate B20 standard for stablecoins, RWAs and other tokens
Base is scheduled to activate its B20 token standard on Wednesday at 6 pm UTC, allowing developers to begin creating native tokens on the network. Coinbase-backed Ethereum layer-2 network Base is set to activate its B20 token standard on mainnet, introducing a native framework for stablecoins, tokenized real-world assets (RWAs) and other fungible tokens. According …
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MediaFuse Rolls Out TechnologyWire, Bringing Tech Press Releases to Both Search Engines and AI Systems
MediaFuse, the company that runs the crypto and tech-focused press release service Chainwire, is moving into the wider technology industry with the launch of TechnologyWire. The new distribution network is built specifically for tech-sector announcements and forms part of MediaFuse’s growing distribution network, which includes Chainwire, CyberNewsWire, GamingWire and FinanceWire. MediaFuse CEO Nadav Dakner says …
EU to again vote to extend ‘chat control’ rules
So-called “chat control” rules could be revived in the EU, with lawmakers again set to vote on the legislation Thursday. EU lawmakers are set to vote again on controversial legislation dubbed “chat control” by its critics, which would allow tech firms to scan messages for child sexual abuse material. On Tuesday, the European Parliament voted …
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Secret Network cites AI exploit risks in proposed Arbitrum move
“The security risk is the part we take most seriously,” the team said, citing old code and AI exploit risks. Privacy-focused layer-1 blockchain Secret Network is proposing to move from its longtime home on Cosmos to Ethereum layer-2 Arbitrum, citing security risks from artificial intelligence, among other reasons. Secret Network has been running privacy-preserving smart …
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