Indian Guy Charged With Crypto Drug Sales
Summary
Indian guy has been detained for acquiring narcotics using Bitcoin to distribute them at high-profile events in Gurugram.
The Indian authorities confiscated 2.7 grams of LSD…
BlackRock’s Subtle Advantage in Strategy’s Bitcoin Pivot
Summary
BlackRock's 5% position ties it to Strategy's $46.4 billion Bitcoin holdings.
The strategy's $2 billion note enhances Bitcoin purchases, in line with BlackRock's crypto…
Hester Pierce Offers Clarification on ETP Staking but US Senators Dispute SEC’s Approach
Summary
US lawmakers are pressing the SEC to explain its stance on crypto staking in ETPs.
Hester Pierce, the SEC commissioner, has pledged more clarity for the cryptocurrency…
Costa Rica Prepares for the Introduction of Its First Bitcoin ETF With BN Fondos
Summary
• Costa Rica's largest commercial bank, Banco Nacional (BN), introduces its first Bitcoin ETF through BN Fondos.
• This marks Costa Rica's first move into regulated crypto…
Canada’s OSFI Updates Bank Crypto Risk Standards as Use Rises
As cryptocurrency popularity grows in Canada, the OSFI has issued new recommendations to assist banks in managing their risk.
Summary
• The framework requires banks with little exposure to…
South Korean Tax Service Is Investigating Upbit and Small Coin Issuers
According to reports, the body that handles matters relating to "overseas tax evasion" is also investigating the market-leading cryptocurrency exchange.
Summary
• The South Korean National…
ByBit Criminals Ho Kai Xin Gets Nearly Decade For Massive Scheme
ByBit's payroll fraud case exemplifies the dangers of unrestricted financial access, as a single employee altered records to take millions unnoticed. With a substantial prison term handed…
Blockchain Association Wants Congress to Eliminate the IRS Defi Regulation
The Blockchain Association and 75 firms are urging Congress to repeal an IRS law that deems DeFi software as brokers. They claim that the law requires needless data collection and may push…
Trump Vows to Become the US Crypto Capital After Ending Biden’s Assault on Bitcoin
Trump has criticized previous regulatory approaches to digital assets and has promised to lead the US to crypto domination.
Summary
• President Trump has ended Joe Biden's anti-Bitcoin and…
Microsoft Revealed a Quantum Chip Powered by a “New State of Matter”
Microsoft's Majorana 1 processor employs topological superconductivity to possibly scale quantum computing to one million qubits.
Summary
• Microsoft has introduced Majorana 1, a quantum…
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