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EU warns of financial stability risks from growing cryptocurrency sector

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The European Securities and Markets Authority (ESMA) has issued a cautionary statement regarding the potential risks cryptocurrencies pose to financial stability as their market ties with traditional financial systems increase. Although the crypto market remains relatively small, ESMA’s warning highlights concerns that significant growth and integration with established … [Read more...] about EU warns of financial stability risks from growing cryptocurrency sector

Swiss central bank rejects Bitcoin as reserve asset, citing volatility

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The Swiss National Bank (SNB) has no plans to hold Bitcoin as a reserve asset, according to its president, Martin Schlegel. Speaking on March 1, 2025, Schlegel dismissed the idea of incorporating the world’s largest cryptocurrency into Switzerland’s official reserves, citing concerns over volatility and its lack of suitability (stability, liquidity, and security) as a monetary … [Read more...] about Swiss central bank rejects Bitcoin as reserve asset, citing volatility

Bybit falls victim to record-breaking $1.5 billion crypto heist: Lazarus Group suspected

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In a devastating blow to the cryptocurrency industry, Bybit revealed on Friday that it had suffered a "sophisticated" attack resulting in the theft of over $1.5 billion worth of Ethereum (ETH) from one of its cold wallets. This unprecedented breach surpasses all previous crypto heists in scale, dwarfing even the Ronin Network ($624 million), Poly Network ($611 million), and BNB … [Read more...] about Bybit falls victim to record-breaking $1.5 billion crypto heist: Lazarus Group suspected

Coinbase reports record Q4 earnings amid crypto bull run and pro-crypto political shift

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In a testament to the burgeoning crypto market and favorable political winds, Coinbase (COIN) reported its strongest quarterly performance in years, with fourth-quarter revenue surging 138% year-over-year to $2.27 billion, far exceeding Wall Street expectations of $1.84 billion. The leading U.S. cryptocurrency exchange also posted adjusted earnings of $1.3 billion, surpassing … [Read more...] about Coinbase reports record Q4 earnings amid crypto bull run and pro-crypto political shift

Trump administration floats bitcoin as part of U.S. sovereign wealth fund

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The United States may soon place bitcoin at the center of its financial strategy, with President Donald Trump’s administration considering its inclusion in a potential sovereign wealth fund. Brian Sacks, Trump’s crypto advisor, recently unveiled this proposal, highlighting bitcoin’s potential as a strategic reserve asset to strengthen America’s financial leadership. … [Read more...] about Trump administration floats bitcoin as part of U.S. sovereign wealth fund

Trump establishes cryptocurrency working group to shape U.S. policy

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U.S. President Donald Trump has signed an executive order creating a cryptocurrency working group to advance digital asset regulations in the United States. Announced on January 23, this initiative underscores the administration's intention to position the U.S. as a global leader in the evolving digital economy. It follows Trump's promise on the campaign trail and Tuesday's SEC … [Read more...] about Trump establishes cryptocurrency working group to shape U.S. policy

SEC launches task force to clarify crypto regulations

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The U.S. Securities and Exchange Commission (SEC) has announced the formation of a specialized task force to establish clearer regulations for cryptocurrencies. Under the leadership of Acting SEC Chair Mark Uyeda, the crypto regulatory task force aims to tackle key challenges in the rapidly evolving digital asset industry, including investor protection, market transparency, and … [Read more...] about SEC launches task force to clarify crypto regulations