US prosecutors charged Rossen Iossifov over the alleged laundering of $290,000 in forfeited crypto from a Kraken account. United States prosecutors have charged a man serving a federal prison sentence over the alleged removal and laundering of about $290,000 in crypto assets held in a Kraken account subject to a forfeiture order.  The Department of...Continue Reading

CRYL is offering Bitcoin-backed loans to individuals and businesses as Japanese firms explore broader uses for BTC in lending and credit markets. Japanese lender CRYL has launched Bitcoin-backed loans of up to 1 billion yen ($6.2 million), allowing individuals and businesses to raise fiat currency without selling their BTC.  On Thursday, the company announced that...Continue Reading

Wall Street banks, including Goldman Sachs and Morgan Stanley, are restricting employee prediction market trades as insider trading fears spread across Polymarket and Kalshi. Wall Street banks are restricting employee trading on prediction market platforms due to fears that they may use nonpublic information to trade event contracts. Goldman Sachs has reportedly banned its employees...Continue Reading

Circle announces it received final OCC approval for a national trust bank that will initially serve the company and affiliates, with possible future custody services for institutional clients. USDC stablecoin issuer Circle on Friday announced it received final approval from the US Office of the Comptroller of the Currency (OCC) to establish First National Digital...Continue Reading

Bitcoin miner TeraWulf is reportedly seeking $3.5 billion in debt financing led by Morgan Stanley for its Kentucky data center campus leased by AI company Anthropic. US-listed Bitcoin mining company TeraWulf is reportedly seeking to raise $3.5 billion in debt to expand its Justified Data campus in Kentucky, a facility leased by artificial intelligence company...Continue Reading

Metaplanet said it is studying Bitcoin-backed digital credit products in Japan with JPYC and Progmat, but no product has been launched. Japanese investment and Bitcoin treasury company Metaplanet’s securities arm, Metaplanet Securities, stablecoin issuer JPYC and tokenization infrastructure provider Progmatare are tying up on a joint study on Bitcoin-backed digital credit products in Japan. The...Continue Reading

Bitcoin bulls faced “crucial resistance” at $65,000 next as BTC price action diverged from oil and US dollar strength. Bitcoin (BTC) eyed new July highs on Friday as US-Iran peace momentum kept oil lower. Key points: Data from TradingView showed BTC/USD climbing above $64,000, coming within $400 of new three-week highs. Read moreContinue Reading

EU lawmakers have again allowed tech firms to scan chats for abuse material, but exempted end-to-end encrypted messages. The European Parliament has passed legislation allowing tech firms to scan messages for child sexual abuse material until 2028, a controversial law dubbed “chat control” by critics. EU lawmakers on Thursday largely voted against extending the regulation,...Continue Reading

Robinhood’s choice to use Ethereum further solidifies its position as the “ultimate settlement layer and liquidity foundation for tokenized assets,” said HashKey Group’s Tim Sun. The amount of Ether bridged to Robinhood’s new layer-2 blockchain exceeded $70 million in just the first week, according to Token Terminal.  Robinhood Chain, an EVM-compatible Arbitrum-based layer-2 network that...Continue Reading

Zcash’s next upgrade will replace the once-compromised Orchard pool and may offer clues about whether counterfeit tokens were created via a recent bug. Zcash’s Ironwood network upgrade, the solution to an “infinity” bug discovered in May on the privacy-focused blockchain’s main private transaction pool, Orchard, is set to go live on July 28.  Announced in...Continue Reading