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Trump Signs GENIUS Act Into Law, Setting Stage for Wider Crypto Oversight
President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law on Friday, marking the United States' first formal step toward regulating digital assets.
The legislation focuses on defining and overseeing ...
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After Kraken, Bybit, and Robinhood, KuCoin Launches Tokenized Stocks
Cryptocurrency exchange KuCoin has introduced xStocks, a new product offering tokenized versions of major U.S. equities, including Tesla, NVIDIA, and the S&P 500 ETF. The assets are now available for trading on KuCoin and are denominated in USDT.
The exchange joins two other mega crypto exchanges, Kraken and Bybit, that recently announced their listing of tokenized U.S.
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US House Paves the GENIUS Act’s Way for Regulating Stablecoins
The GENIUS Act, which sets out a framework for stablecoins in the US, has received the lawmakers' approval in the House of Representatives, clearing its way to become the first major crypto law in the country.
A Signature Away from Becoming Law
The Guiding and Establishing National
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Seven Crypto ATMs Seized in Joint FCA and Police Operation in London
UK regulators have seized seven cryptocurrency ATMs during coordinated raids on four properties in southwest London. The operation was carried out jointly by the Financial Conduct Authority and the Metropolitan Police Service.
FCA Seizes Crypto ATMs in London
The FCA said it found and confiscated the ATMs as part of an investigation into unregistered crypto operations. In the UK,
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If DeFi Had This in 2022, Maybe It Wouldn’t Have Collapsed
In mid-2022, the crypto markets faced a brutal reckoning. Over $2 trillion in market capitalization evaporated in a matter of months. The collapse of Terra, followed by cascading failures like Celsius, Voyager, and Three Arrows Capital, exposed a fragile foundation beneath much of the so-called decentralized finance ecosystem.
It wasn’t just a liquidity crunch. It was a
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Citi “Is Looking at the Issuance” of a Stablecoin: CEO Confirms
The push by big banks towards a blockchain-based financial system is becoming more noticeable. Citi’s CEO, Jane Fraser, recently revealed that her bank is “looking at the issuance of a Citi stablecoin.” She added that the Wall Street firm is also considering tokenised deposits and custody services for crypto assets.
Fraser
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Following NinjaTrader Acquisition, Kraken Opens Access to CME-Listed Crypto Futures
Kraken has launched Kraken Derivatives US, a regulated service offering U.S. clients direct access to CME-listed cryptocurrency futures. The move follows Kraken’s acquisition of retail futures broker NinjaTrader, a deal that laid the foundation for its entry
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Hungary to Jail Crypto Traders for 5 Years for Using “Unauthorised” Platforms
Hungary, a Central European country with a population of over 9.5 million, has introduced strict laws criminalising trading on an “unauthorised crypto-asset exchange service” and imposing jail terms of up to five years for traders and eight years for service providers.
Significant Jail Time for Trading on “Unauthorised”
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Grayscale Eyes IPO After Circle’s Listing Renewed Investor Interest
Grayscale Investments has filed a confidential draft registration statement with the U.S. Securities and Exchange Commission, signaling potential plans for an initial public offering.
Engaging the SEC Behind Closed Doors
The asset manager, known for its cryptocurrency investment trusts, submitted the filing on Form S-1. The company did not disclose the number of shares it plans to
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Robinhood Offers Crypto Trading “at the Lowest Cost,” but Is It False Advertising?
Robinhood (Nasdaq: HOOD) is facing an investigation by Florida’s top prosecutor for claiming that it offers crypto trading “at the lowest cost on average.” The state cop is also issuing a subpoena to the trading platform to uncover internal documents.
“The Least Expensive Way to Purchase Crypto”
According to Florida’s
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“Calling All Crypto Transactions Externalization Would Be Very Limiting,” Warns FMAS:25 Panel
At the Finance Magnates Africa Summit:25, a panel discussion titled “The Future of Crypto, Lessons from Africa” brought together speakers to examine key developments in the cryptocurrency sector.
The panel featured Andres Felipe Perez, Director of Fintech Services South Africa, as moderator, alongside Hannes Wessels, General Manager South Africa at Binance; Christo de Wit, Country
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ESMA Reviews Malta’s CASP Licensing, Flags Gaps in Crypto Oversight
The European securities and Markets Authority conducted a peer review to evaluate Malta’s oversight of crypto asset service providers amid changing EU regulations. The review examined Malta’s authorisation process, governance frameworks, anti-money laundering measures, and supervision after authorisation.
While Malta’s financial authority demonstrated sufficient resources and
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Bitget Joins Robinhood and Kraken in Offering “Always-On” Stock Markets With Tokenized Wall Street Assets
Cryptocurrency exchanges are rapidly expanding into tokenized stock trading, with multiple platforms launching blockchain-based equity offerings this week that allow users to trade traditional stocks like Apple and Tesla around the clock.
Bitget and Kraken both announced new tokenized stock capabilities on Wednesday, joining a growing list of crypto platforms offering digital versions
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New Zealand to Ban Crypto ATMs to Curb Money Laundering
New Zealand will ban cryptocurrency automated teller machines (ATMs) and impose a NZ$5,000 cap on international cash transfers, the country’s Associate Justice Minister, Nicole McKee, announced today (Wednesday).
There are 221 crypto kiosks currently operating in New Zealand, according to data from Coin ATM Radar. Once the
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From Meme to Meaning: How Trust Replaced Hype in the $60 Billion Token Market
The memecoin market, once the playground of viral trends and overnight riches, is entering a new phase. In 2024, it ballooned into a $60 billion ecosystem, according to BDC Consulting—a 169% surge driven by coins like Dogecoin, valued at $35.91 billion, Shiba Inu at $8.97 billion, and PEPE at $6.12 billion. But this explosion has brought saturation. Thousands of tokens now flood platforms
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