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Colorado's experiment with crypto tax payments shows limited adoption
Apr 18,2025
Since Colorado began accepting cryptocurrency for tax payments in September 2022, the amount paid via crypto has been minimal. Out of the$11 billion in income tax collected since 2022, just 0.0005%, or roughly$57,000, has been paid using digital asse...
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Russia plans to add cryptocurrency terms to the criminal code
Apr 17,2025
Russia is preparing to amend its criminal code to include cryptocurrency-related terms. The change would assist law enforcement in confiscating coins during investigations. The bill, drafted by the Ministry of Justice, is set to be presented to the S...
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US and Canadian authorities launch operation to combat Ethereum scam
Apr 17,2025
The US Secret Service, in collaboration with Canadian officials, launched 'Operation Avalanche' to target compromised wallets on the Ethereum blockchain. The operation focused on disrupting an ongoing approval phishing scam, which had already cost vi...
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Russian official calls for domestic stablecoin alternatives to USDT
Apr 17,2025
A senior Russian finance official has called for domestic stablecoins after EU sanctions led to the freeze of over 2.5 billion roubles held by Garantex. It raised concerns about reliance on foreign-issued assets. Osman Kabaloev suggested Russia explo...
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Panama City introduces cryptocurrency payments for public services
Apr 17,2025
Panama City has announced that it will accept Bitcoin, Ethereum, and stablecoins like USDC and Tether as payment for public services. The decision marks a significant step forward in the country's growing acceptance of cryptocurrencies. Locals will b...
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Lucy Powell's X account hacked in crypto scam
Apr 16,2025
Lucy Powell, the UK government minister and Leader of the House of Commons, had her X account hacked on Tuesday morning to promote a fake cryptocurrency named 'House of Commons Coin' or$HCC. The now-deleted posts claimed it was a 'community-driven di...
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Ethena Labs shuts down German subsidiary amid regulatory pressure
Apr 16,2025
Ethena Labs has shut down its German subsidiary, Ethena GmbH, following regulatory issues with BaFin. The German regulator had ordered the company to stop public sales of USDe due to MiCAR noncompliance. Minting and redemption of USDe are now handled...
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Crypto leaders gather in Moscow for the Global Blockchain Forum 2025
Apr 16,2025
Moscow is set to host the Global Blockchain Forum 2025 from 23-24 April, attracting over 15,000 crypto enthusiasts worldwide. The event will feature prominent figures from the crypto industry, including Justin Sun, founder of Tron, and Ivan...
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Most Bitcoin firms in El Salvador are inactive
Apr 16,2025
A report from El Salvador's central bank shows that only 11% of registered Bitcoin service providers are currently operational. Out of 181 companies listed, just 20 meet the country's legal standards set under its Bitcoin Law, according to local outl...
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Coinbase urges crypto reform ahead of Australian election
Apr 16,2025
Coinbase is urging Australians to back digital asset reform, warning the country risks falling behind in global crypto innovation. The exchange's APAC Managing Director, John O'Loghlen, described the current policy environment as vague and unfit to s...
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Russia targets crypto payments at online casinos
Apr 16,2025
Russian officials have proposed new measures to curb illegal online gambling. The plan involves targeting cryptocurrency payments and restricting access to unlicensed casino platforms. Yevgeny Masharov, a senior policymaker, outlined plans to block c...
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KiloEX loses $7.5 million in oracle hack
Apr 16,2025
A hacker has exploited decentralised exchange KiloEX, draining approximately US$7.5 million by manipulating its price oracle mechanism. The breach led to an immediate suspension of the platform and sparked a cross-industry investigation involving cyb...
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