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Bank of Korea sounds alarm over unregulated stablecoins
Jul 12,2025
Bank of Korea Governor Lee Chang-yong warned that letting non-banks issue won-based stablecoins could spark economic confusion similar to the 19th-century US Free Banking Era. His remarks follow President Lee Jae Myung's push to launch domestic stabl...
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Germany's top banks move into crypto with regulated services
Jul 11,2025
Some of Germany's largest banks are set to enter the crypto market with fully regulated custody and trading services. Deutsche Bank, Sparkassen-Finanzgruppe, and Volksbanken Raiffeisenbanken are building platforms aimed at institutional and retail cl...
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Hong Kong eyes over 40 firms for stablecoin licences
Jul 11,2025
Hong Kong is processing enquiries from more than 40 companies ahead of the implementation of its Stablecoin Bill on 1 August. The Hong Kong Monetary Authority will start accepting stablecoin licence applications under the new regulatory framework. No...
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Sanctions proposed on Bukele amid El Salvador's crypto controversy
Jul 11,2025
A group of US Democratic senators has proposed legislation seeking sanctions against El Salvador's President Nayib Bukele and members of his government. The El Salvador Accountability Act targets alleged human rights abuses and Bitcoin misuse during ...
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Greece seizes crypto tied to record Bybit hack
Jul 10,2025
Greek authorities have successfully seized digital assets linked to a major international cybercrime case, marking the country's first-ever recovery of cryptocurrency. The operation followed a months-long investigation into suspicious blockchain acti...
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Bitcoin hits new all-time high as institutional demand surges
Jul 10,2025
Bitcoin has broken past its previous record, trading above$111,970 in a move that defied technical indicators and widespread scepticism. The rally, fuelled by institutional flows and growing corporate adoption, forced short sellers to capitulate afte...
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Countries build state-level Bitcoin reserves worldwide
Jul 10,2025
Bitcoin is no longer the preserve of tech-savvy investors and crypto enthusiasts. As of mid-2025, more than 460,000 BTC - around 2.3% of the total supply - is held by governments worldwide, according to blockchain data and legal disclosures. The shif...
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Turkey sets sights on DeFi platforms after PancakeSwap ban
Jul 10,2025
Turkey's recent decision to block PancakeSwap has raised concerns that more decentralised finance (DeFi) services could soon face similar enforcement. The move came after the Istanbul Blockchain Week, where regulators outlined a stricter framework fo...
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Tether defends gold reserves as markets and scrutiny rise
Jul 09,2025
Tether has revealed it holds around$8 billion worth of gold in a Swiss vault, placing it among the largest private holders of the precious metal globally. According to CEO Paolo Ardoino, the El Salvador-based firm owns almost an 80-tonne stockpile ou...
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Fraudsters exploit dormant Bitcoin addresses to steal data
Jul 09,2025
Analysts at BitMEX Research have revealed a new scam aimed at early Bitcoin holders, particularly those with dormant wallets dating back to 2011. Attackers use Bitcoin's OP_Return field to send false transactions and messages to deceive owners into s...
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New Zealand bans crypto ATMs and limits cash transfers
Jul 09,2025
New Zealand is introducing sweeping reforms to tackle money laundering and criminal finance by banning crypto ATMs and capping international cash transfers at$5,000. Thenew bill expands enforcement powers and lets the Financial Intelligence Unit gath...
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Scammers use fake celebrities to steal millions in crypto fraud
Jul 09,2025
Fraudsters increasingly pretend to be celebrities to deceive people into fake cryptocurrency schemes. Richard Lyons lost$10,000 after falling for a scam involving a fake Elon Musk, who used an AI-generated voice and images to make the investment offe...
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