Everything web3, crypto, defi, degen
In brief Burke revealed Australia’s crypto ATM count has exploded from 23 machines six years ago to over 2,000 today, with 85% of top user transactions linked to scams or money mules. The proposed legislation would grant AUSTRAC the authority to restrict or prohibit “high-risk products,” with crypto ATMs specifically targeted. The move follows months…
In brief The U.S. seized $14.4 billion in Bitcoin from the alleged head of a global crypto scam network on Tuesday, in the DOJ’s largest-ever crypto seizure. Prosecutors are seeking to claim the funds through criminal forfeiture, raising questions about whether the Bitcoin will go to victims or be added to a national strategic Bitcoin…
By Perry Scott, Kraken Sr. Manager Policy & Government Relations There was the creation of the Eurobond market in the 1960s, which London and New York together transformed into a foundation for global capital flows. Then the post-financial crisis reforms of the G20 era, where U.S. and U.K. leadership drove international standards on clearing, risk…
In brief A Coinbase exec’s tweet has reignited interest in a long-dormant Binance charity fund this week. The $200,000 donation made in 2018 is now worth around $36 million. The money has been frozen amid years of legal and bureaucratic wrangling. Coinbase executive Conor Grogan has called for an old fund for Maltese cancer patients…
In brief Reform UK has reportedly received a donation in cryptocurrency, the UK’s first ever to a political party. Donations must be referred to the electoral regulator if they exceed £11,180 ($14,905). Commentators warn that crypto-based donations may increase the risk of anonymous and illicit campaign contributions. The UK’s Electoral Commission is planning to update…
In brief Bitcoin gained against Ethereum as Trump’s latest tariff threat weighed on markets. Despite recently losing ground, Ethereum is still outperforming Bitcoin this year. Some analysts foresee an altcoin rally, while others are doubtful. Ethereum surged against Bitcoin on its way toward a peak of nearly $5,000 this summer, but the reigning cryptocurrency reasserted…
In brief Rep. Troy Downing is introducing a bill to give President Trump’s crypto retirement executive order the force of federal law. The order, signed in August, encouraged 401(k) providers to offer exposure to crypto and other alternative assets. The $25 trillion U.S. retirement savings industry could inject huge amounts of capital into crypto, but…
In brief California’s SB 822 explicitly includes digital financial assets under the state’s Unclaimed Property Law, treating them like bank accounts and securities. The bill preserves unclaimed digital assets in their native form, preventing forced liquidation that would have created taxable events for consumers without their consent. Account holders can reclaim their original digital assets,…
The European Banking Authority has published a new report highlighting how the crypto industry has attempted to bypass new legislation like MiCA and its extended AML/CFT legislative framework. MiCA, which came fully into effect in late 2024, gave the 27-country economic bloc a unified set of rules governing crypto asset providers for the first time.The…
In brief The Ethereum Foundation has launched a new privacy team, with over 28 members in different fields The news comes ahead of the Foundation launching a privacy-centric wallet SDK, Kohaku. Interest in privacy-focused coins like Zcash has risen in recent weeks. The Ethereum Foundation is launching a new privacy cluster, as part of plans…
