EXCHANGE|FIAT|REGULATION Updates
Brazil’s central bank flags Stablecoins as growing threat to capital flow stability
Brazil’s central bank has raised concerns about the rapid rise in the use of US dollar-backed stablecoins for cross-border money transfers, warning that the development undermines capital controls and...
Circle and Catena Cofounder Sean Neville Raises $18 Million for ‘First AI-Native Bank’
Sean Neville, co-founder of the USDC stablecoin creator Circle and CEO of Catena Labs , revealed a significant fundraise from major players for Catena’s new project: an AI-native financial institution...
Geoff Kendrick Predicts Bitcoin Will Surge to $500,000 by 2028 Amid Institutional Moves
COINOTAG News, May 20th – Geoff Kendrick from Standard Chartered Bank highlighted that the latest U.S. Securities and Exchange Commission (SEC) 13F report signals a robust outlook for Bitcoin, project...
US Justice Department Launches Probe Into Coinbase Breach
The US Justice Department has opened an investigation into a recent security breach at Coinbase Global. Bloomberg reported Monday that the probe focuses on how cybercriminals bribed employees and cont...
Australian crypto holders may be due billions in refunds in landmark tax case
A recent ruling by an Australian court could change how cryptocurrencies, particularly Bitcoin, are taxed, which could result in billions of dollars in refunds to crypto investors across the country. ...
Criminals Hunt Families of Crypto Entrepreneurs
Crypto company executives are increasingly concerned about the rising number of attacks aimed at stealing and extorting digital assets, so they are turning to the services of bodyguards. This was repo...
Trump’s crypto partners abandoned hacked platform, pocketed millions
Trump’s WLFI partners abandoned a hacked crypto DEX, pocketing millions instead of reimbursing its victims. The Trump family’s crypto ventures are once again under scrutiny due to their associations w...
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 Torres Shatters SEC-Ripple Deal, Stirring Turmoil in Crypto Regulation
Judge Analisa Torres has ruled that the joint request by the U.S. Securities and Exchange Commission (SEC) and Ripple to approve a settlement is “procedurally improper,” thereby keeping the long-runni...
Blum Rocked by Co-Founder’s Arrest in Russia
The fraud charges are related to other ventures like The Token Fund and Tokenbox. While Blum clarified that Smerkis is no longer involved in the project, his arrest caused a lot of community concerns ...
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