Popular crypto exchange OKX has been fined $1.16 million (€1.054 million) in Malta for breaching certain anti-money laundering regulations. This development follows a string of operational and regulatory controversies surrounding the Seychelles-based exchange. Related Reading: Fresh $34M Bitcoin Transfer By Bhutan Sparks Speculation—Dump Alert? OKX Penalized For Failed 2023 Compliance Test In a recent report […]

The United States Securities and Exchange Commission has clarified its stance on dollar-backed stable cryptocurrencies, stating that “covered” stablecoins are not securities. This move represents another step toward a clear crypto regulatory landscape in the US. Covered Stablecoins Not Securities — What About Algorithmic Stablecoins? On Friday, April 4, the SEC took a formal position […]

On-chain data shows the Bitcoin Difficulty is headed for a 5% increase on Saturday, which would make BTC mining the toughest it’s ever been. Bitcoin Difficulty Set To Rise In Response To Hashrate Recovery The “Difficulty” refers to a metric that keeps track of how hard the miners would find it to perform their task […]

Illinois Senate has advanced a bill to establish comprehensive regulations for crypto businesses operating in the state and address concerns about digital assets-related fraud cases, which saw over $160 million in losses in 2023. Related Reading: US Lawmakers Question SEC Acting Chair About Trump’s Crypto Ventures In New Letter Illinois Advances Crypto Consumer Protection Bill […]

The Treasury Department may not have had any choice but to remove its designation of the crypto mixer.

It’s been a wild ride on Wall Street this week. The Dow Jones Industrial Average (DJIA) plunged over 2,2K points on April 4, 2025, marking its worst day since 2020. And with the latest U.S. jobs report blowing past expectations, traditional investors are bracing for impact. But in crypto? It’s a different story. Long-time Bitcoin […]

Singapore-based artificial intelligence company Genius Group is facing significant restrictions on expanding its Bitcoin holdings due to a recent legal ruling in the United States. A recent press release revealed that on March 13, a New York District Court issued a preliminary injunction and temporary restraining order against the firm. These orders specifically prohibit Genius […]