Crypto
Cryptocurrency, blockchain, and digital asset news.
U.S. Treasury sanctions another widespread cyber-scam hub, Xinbi Guarantee
Chinese-language platform Xinbi is accused of operating on crypto transactions as it offered services to other criminal networks.
Trade groups seek to block Illinois crypto tax before January effective date
Following on their earlier lawsuit, CCI and the Blockchain Association seek to block Illinois’ 0.2% crypto tax, arguing it is unconstitutional and would impose costly compliance burdens.
Tether pushes into private credit with $400 million fund with Fasanara
The USDT issuer will help source lending opportunities and provide stablecoin payment infrastructure for Fasanara's private credit network.
Bitcoin and Ethereum race quantum clock as U.S. backs $300 million hardware push
The threat is not here yet, but fault-tolerant machines and crypto’s migration plans are starting to converge on the same 2029 window.
Consensys to split MetaMask into its own firm while staying silent on IPO
The existing company, Consensys Software Inc., will rebrand as MetaMask under Ethereum co-founder Joe Lubin as chairman and CEO.
Tether, Fasanara launch $400M private credit fund targeting $3B
The evergreen fund will use USDT infrastructure to support asset-backed lending through fintech platforms in more than 60 countries.
Crypto Long & Short: Inside the 300-to-1 onchain gap between the dollar and euro
Ryan Connor of RockawayX writes that the dollar leads the euro about 3 to 1 across the offchain economy and more than 300 to 1 onchain. Euro-pegged stablecoins total €711 million, under 1% of supply.
PayPal expands stablecoin rails with custom token issuance platform
The PYUSDx stablecoin developer platform, backed by PayPal USD (PYUSD), is built with the help of M0 and MoonPay.
Kalshi election data goes live on DoubleZero ahead of U.S. midterms
The expansion gives institutional and automated traders access to full-depth political prediction-market order books ahead of the U.S. midterms.
Hunter Biden's new LAPTOP token lost 98% of its value in under an hour after $1.6 billion debut
LAPTOP swung from $190 to under $4 within minutes of opening on Base. Onchain records show tokens had been distributed to market makers for a week before trading began.
German finance ministry proposes 25% crypto tax starting 2028: report
The German Ministry of Finance is reportedly seeking to impose a 25% tax on cryptocurrencies, departing from current laws that make crypto gains tax-free after one year of holding.
10 of the greatest unsolved crypto mysteries
From the whereabouts of the CryptoQueen to a mysterious death involving a DeFi builder paranoid about the “pedo elite,” here are 10 crypto mysteries that still have no good answer.
BitMart misses roadmap deadline, appoints financial adviser
BitMart provided no asset figures or withdrawal timetable and will launch a feedback portal within five working days during a financial adviser review.
KYC data is an irresistible honeypot for hackers, and we must change how it is collected
Privacy-preserving identity verification systems could allow individuals to prove only what a service needs to know while keeping the underlying information under their control, writes Coin Center’s L
Algorand names former Chainlink executive William Herkelrath as CEO
The former Chainlink and Curv executive will lead the blockchain organization’s push into institutional finance and quantum-resistant security.
Hunter Biden’s laptop controversy gets a memecoin afterlife
The project’s disclosures say LAPTOP has no utility, lock founder tokens for six months and reserve 2% for wallets that lost money on TRUMP.
Italy’s central bank orders sanctions screening for crypto transfers
Banca d’Italia ordered crypto service providers to implement internal controls to screen for crypto transfers tied to sanctioned entities.
Germany moves to tax bitcoin like stocks as new draft bill targets tax-free gains
Existing holdings would keep the current tax treatment, which can allow tax-free sales after a 12-month holding period.