BUSINESS|EXCHANGE|FIAT|REGULATION Updates
Coinbase Faces Wave of Lawsuits Over Data Breach and Alleged Mishandling
Coinbase is under growing legal pressure following a major data breach that compromised sensitive user information and allegedly exposed millions to identity theft. Between May 15 and May 16, at least...
Judge Orders Probe Into President Milei’s Finances Over LIBRA Collapse
Argentina’s President Javier Milei is facing serious legal scrutiny about his role in a failed cryptocurrency project, LIBRA. A federal judge has asked the country’s central bank to lift the privacy o...
$15m crypto laundering operation busted in Hong Kong
Hong Kong authorities have successfully busted a cross-border crypto laundering network that allegedly processed approximately HK$118 million (US$15 million) in illicit funds. The enforcement action r...
UK sets 2026 deadline for compulsory crypto-transaction reporting
The United Kingdom has set 1 January 2026 as the date on which every crypto-asset service provider must begin reporting granular customer-transaction data to His Majesty’s Revenue and Customs. The pol...
Cincinnati’s Fifth Third Bank expands crypto push as US rules take shape
Ben Hoffman, Chief Strategy Officer and Head of Consumer Products at Fifth Third Bank says the company is considering expanding its cryptocurrency business. This comes after establishing a small clien...
UK overtakes China as second-biggest holder of US Treasurys with $780 billion
The UK now holds $779.3 billion in US Treasurys, pushing past China’s $759.0 billion and taking second place among foreign holders of American government debt, according to the March update from the U...
Gold or Bitcoin Starting in June? JPMorgan Responds
According to JPMorgan analysts, Bitcoin has the potential to rise more than gold in the second half of 2025. Analysts say the “depreciation trade,” where investors turn to both gold and Bitcoin to hed...
Coinbase Suffers Data Breach From Cybercriminals: Report
Some cybercriminals have demanded that American cryptocurrency exchange Coinbase pay $20 million in Bitcoin (BTC) as ransom for an attack. This suggests an audacious extortion attempt targeted at the ...
South Korean Crypto Exchange Deregulation Plans Set to Rock Banking Sector
South Korean crypto exchange deregulation proposals could affect the nation’s banking industry, dealing a blow to the likes of K Bank, reports have claimed. South Korea’s Financial Post reported that ...
Is South Korea’s Digital Asset Committee About to Redefine Crypto Regulation?
Key Takeaways: By establishing a dedicated Digital Asset Committee, the Democratic Party is making crypto regulation a defining issue in South Korea’s upcoming presidential election. The committee inc...
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