Tag: Crypto

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Crypto custody firm Copper has potential buyers. But offers are way below its $500 million asking price

Once valued at $2.5 billion, Copper was being marketed by investment bank Cantor Fitzgerald at around $500 million in May this year.

US Targets Iran Crypto Sector Over $100M Oil Payments

The US Treasury has expanded its Iran sanctions framework to cover the country’s digital asset sector, citing more than $100 million in crypto payments...

Las Vegas businessman convicted in $24 million 'AI supercomputer' crypto Ponzi scheme

Brent Kovar has been found guilty of running a crypto Ponzi scheme, defrauding at least 400 investors out of $24 million.

Crypto political group details list of U.S. congressional allies its backing this year

Stand With Crypto, a member group that rates the crypto friendliness of politicians, is supporting 32 U.S. House incumbents, with more endorsements coming.

Crypto Organizations Oppose Illinois Digital Asset Tax in Court

The Crypto Council for Innovation (CCI) and Blockchain Association (BA) filed a lawsuit against Illinois officials regarding the state’s 0.2% tax on cryptocurrency, expected...

Germany Leads EU MiCA Licensing With 79 Crypto Companies

Germany widened its lead in the number of providers licensed under the European Union’s Markets in Crypto-Assets Regulation (MiCA), with six of its cooperative...

Pakistan Opens Crypto Licensing Portal With Sept. 5 Deadline

Pakistan’s Virtual Assets Regulatory Authority (PVARA) has opened its licensing portal after notifying regulations governing crypto exchanges and other virtual asset service providers (VASPs)...

Crypto card spending tops $1 billion as stablecoins move into everyday purchases

Tracked card volume more than tripled in a year, with USDC and USDT funding over 70% of spending as users increasingly paid for groceries,...

Regulation Crypto is here: State of Crypto

The SEC published its Reg Crypto proposal last week, giving the public 60 days to comment.

Nomura-backed Laser Digital wins Japan's first crypto approval in four years

Laser Digital Japan will offer liquidity to domestic crypto providers, with institutional trading services planned to follow as the appetite for crypto in Japan...

Crypto exchange BitMart weighs partial restart and creditor payouts weeks after announcing shutdown

The exchange has hired White & Case as restructuring counsel, with a detailed roadmap expected by Sept. 9.

Crypto advocates join in suing Illinois over digital asset tax

The Crypto Council for Innovation and the Blockchain Association added another lawsuit against the state for its recently approved 0.2% crypto tax.