-
South Korea Imposes Sanctions on DPRK Hackers Behind Crypto Attacks
South Korea has taken a strong stance against North Korean hackers who have been responsible for stealing over $1 billion in cryptocurrency. The South Korean government announced new sanctions on the 313 Bureau, a North Korean cyber unit that has been involved in widespread crypto theft. These illicit funds have been used to fuel the…
-
Russia’s Central Bank to Crack Down on Illegal Crypto OTC Services with New Surveillance Platform: Report
Russia’s central bank is taking steps to combat illegal crypto over-the-counter (OTC) services and suspicious financial activities with the development of a new surveillance platform, according to a report by Denis Omelchenko on December 25, 2024. The Bank of Russia is working on creating a platform that will make it more difficult for shadow businesses…
-
Russia’s Nuclear Expansion: A Key Driver of De-Dollarization and Global Trade Shifts
Russia’s push for de-dollarization is gaining momentum as the country embarks on a significant nuclear expansion strategy despite facing sanctions from the West. Boris Titov, the Kremlin’s special representative for international cooperation in sustainability, has emphasized Russia’s goal to solidify its position as one of the leading builders of new nuclear plants globally. This ambitious…
-
SEC Approval Paves the Way for Hybrid Bitcoin-Ethereum ETFs from Hashdex & Franklin Templeton
The Securities and Exchange Commission (SEC) has approved the first hybrid Bitcoin-Ethereum exchange-traded funds (ETFs) on December 19, 2024. This groundbreaking decision paves the way for two new funds that combine both cryptocurrencies: Hashdex’s Nasdaq Crypto Index US ETF and Franklin Templeton’s Crypto Index ETF. Senior Bloomberg ETF analyst Eric Balchunas commented on the approval,…
-
Senate Blocks Crenshaw’s SEC Renomination: Impact on Crypto Regulations Under Trump
The Securities and Exchange Commission (SEC) is facing a new phase of reforms as the Senate recently blocked the renomination of Caroline Crenshaw to the commission. This decision came after a strong pushback from crypto supporters, with over 107,000 emails from advocates influencing the Senate’s decision against the commissioner known for her anti-crypto stance. In…
-
Ohio Lawmaker Proposes Bill to Establish State Bitcoin Reserve
Ohio lawmaker Derek Merrin has introduced a groundbreaking bill that could potentially revolutionize the state’s financial landscape. The proposed legislation, known as House Bill 703, aims to create an “Ohio Bitcoin Reserve” within the state treasury, allowing the state treasurer to invest in Bitcoin (BTC) as a means of safeguarding public funds against the erosion…
-
Namada Community Member Proposes NAM Airdrop for Coin Center Donors
Namada, a layer-1 blockchain platform and shielded asset hub, is making headlines with a new proposal that seeks approval for an airdrop of its native token NAM to Coin Center donors. The proposal, put forward by community member Ether Gavin, aims to initiate a public goods funding campaign that would reward donors of the blockchain…
-
FASB’s Fair Value Accounting Rules for Bitcoin Take Effect Today: What You Need to Know
The Financial Accounting Standards Board (FASB) has officially implemented its Fair Value accounting rules for Bitcoin and other eligible crypto assets as of today. This new regulation will require companies to measure their crypto assets at fair value and update them at each reporting period in their financial statements. This move aims to help companies…
-
Trump’s Bitcoin Reserve Plan vs Russia’s Crypto Strategy: A Global Crypto War in the Making
President-elect Donald Trump’s bold Bitcoin reserve strategy has the potential to reshape global crypto market dynamics and challenge Russia’s rising crypto influence. The U.S. proposal, spearheaded by Senator Cynthia Lummis, aims to establish a strategic cryptocurrency position through a five-year plan to acquire 1 million Bitcoins. This move comes after Trump’s NYSE announcement, which propelled…
-
US States Leading the Charge in Adopting Bitcoin Reserve Legislation
Bitcoin has recently made headlines on a global scale as it surpassed the $100,000 milestone, prompting discussions about its potential incorporation into national treasuries. The United States has now entered the conversation, with states like Texas and Pennsylvania taking the lead by introducing Strategic Bitcoin Reserve legislation. This move comes as President Trump, who has…
