The Secretary of the U.S. Department of Treasury, Scott Bessent, has reportedly appointed Tyler Williams, the head of Regulatory and Legislative Affairs and regulatory Counsel at Galaxy Digital, to advise on digital assets and blockchain policies. Williams has previously held the position of Deputy Assistant Treasury Secretary under Steven Mnuchin.

The BofA stablecoin news triggered mixed reactions from the community. Many saw it as a good sign for crypto, while others called it “CBDCish.

A U.S.-based venture capitalist has spoken out against proposals that would restrict international stablecoin issuers from accessing the U.S. treasury market. Stablecoin Regulatory Battle Emerges in Washington Vance Spencer, co-founder of Framework Ventures, has criticized attempts to “shut off access to the treasury market for centralized international stablecoin issuers.

China's judiciary authorities are taking significant steps to address the legal complexities surrounding cryptocurrency cases. Despite maintaining a stringent ban on crypto trading and mining on the mainland, the country's top judicial and academic institutions are now intensifying research into how digital assets are treated within the legal system.

On Feb. 26, 2025, the X account of Pump.fun, a Solana meme coin launchpad, was hacked to promote fraudulent tokens, including a fake “PUMP” token.

Bank of America (BoA) CEO Brian Moynihan confirmed this week that the company is ready to enter the stablecoin market once U.S. lawmakers provide regulatory approval.

A controversial tax rule proposed by the U.S. Internal Revenue Service, requiring decentralized finance brokers to report crypto transactions, could be overturned as lawmakers have pushed to repeal it. On Feb. 26, U.S.

MyShell's native token, SHELL, leaps to a new all-time high after Binance announces an airdrop event ahead of the token's listing on Feb. 27.

Bybit's recent $1.5 billion hack was traced back to a compromised SafeWallet developer's machine, allowing North Korea's Lazarus Group to execute the largest crypto theft in history.

Bank of America (BofA) is prepared to launch a USD-pegged stablecoin if U.S. lawmakers pass comprehensive regulatory legislation, CEO Brian Moynihan stated at the Economic Club of Washington, D.C.

FBI confirms North Korea's Lazarus Group stole $1.4 billion in cryptocurrency from Bybit exchange through a compromised developer machine during a routine transfer.

Bitcoin plunged under $83,000, marking a 25% drop from its January peak, with the Fear and Greed Index sinking to 10—lower than during the FTX collapse. The official index website noted that extreme fear often signals excessive investor worry, which could present a buying opportunity for those looking to enter the market.

The SEC ended its 699-day investigation into Gemini without charges, prompting co-founder Cameron Winklevoss to demand accountability for millions in legal costs and lost innovation.

Winklevoss twin-led Gemini is the latest crypto firm to shake off the U.S. Securities and Exchange Commission's scrutiny, as the agency closed its probe after nearly two years.

Iran is tightening control over cryptocurrencies as its economy struggles with rising inflation and a weakening national currency. The latest restrictions have left millions of crypto users in the country facing new challenges.

Blockchain security experts uncovered a malicious mobile app that stole sensitive wallet data from users' devices, leading to the theft of over $1.8 million in cryptocurrency. A fake app called BOM stole over $1.

The crypto market today has seen a notable decline, with the business's market cap taking a hit of 8.46% to $2.86 trillion in the past 24 hours. Meanwhile, trading volume whooshed a jaw-dropping 115.29% to $186.48 billion, indicating growing activity as investors react to the downturn.

Bank of America is considering launching its own stablecoin but is waiting for official regulatory approval before moving forward.

Russian crypto entrepreneur Aleksei Andriunin has been extradited to the US to face charges of orchestrating a multi-million dollar scheme that artificially inflated cryptocurrency trading volumes

The SEC and Justin Sun requested a legal pause to explore a potential settlement regarding the regulator's lawsuit against Sun and his companies.

Lawmakers could face possible delays in creating clear rules for the cryptocurrency market. Senator Cynthia Lummis recently led the first meeting of the Senate Subcommittee on Digital Assets, which is a major step toward creating rules for cryptocurrencies.

A cybercrime group has launched a complex social engineering scheme with fake crypto job ads, a fake firm and a malicious meeting app.

Citadel Securities is reportedly preparing to expand into the cryptocurrency market, with plans to become a key liquidity provider for digital assets.

The Pump.fun X account was compromised on Feb. 26, leading to the promotion of a fake governance token called "PUMP.”

The FBI says it “encourages” private sector entities to prevent Bybit hackers from laundering more funds from the $1.4 billion hack on Oct. 21.

The Federal Bureau of Investigation (FBI) has confirmed that North Korean hackers, operating under the codename “TraderTraitor,” were behind the theft of approximately $1.5 billion in virtual assets from ByBit, a major cryptocurrency exchange.

The U.S. House of Representatives has taken a key step to overturn an IRS rule that imposes strict tax reporting on decentralized finance (DeFi) platforms. The House Ways and Means Committee voted 26-16 in favor of a resolution to nullify the IRS policy under the Congressional Review Act.

The FBI has identified North Korea as the culprit behind the massive $1.5 billion cryptocurrency theft from ByBit, a major crypto exchange. The agency attributed the attack to the TraderTraitor hacking group, known for targeting digital asset platforms.

Bybits forensic review of last weeks $1.5 billion hack confirmed that its systems remained secure, attributing the breach to compromised Safe wallet infrastructure. The investigation found that a Safe developers credentials were compromised, allowing the notorious Lazarus Group to infiltrate the wallet and trick Bybit staff into authorizing a malicious transaction.

The U.S. Treasury has appointed Tyler Williams, regulatory counsel at Galaxy Digital, to advise on digital asset and blockchain policy. Williams, who currently leads Regulatory and Legislative Affairs at Galaxy Digital, also teaches part-time at The George Washington University Law School.

Bank of America is prepared to launch its own U.S. dollar-backed stablecoin if lawmakers approve necessary legislation, CEO Brian Moynihan said in an interview at the Economic Club of Washington, D.C. If they make that legal, we will go into that business, Moynihan stated, emphasizing that stablecoins function similarly to money market funds or traditional bank accounts.

A new cybersecurity report warns that hackers are planting malicious code in GitHub projects to steal Bitcoin (BTC) and other cryptocurrencies. Security firm Kaspersky uncovered a campaign called GitVenom, which has been active for at least two years, exploiting unsuspecting developers by hiding malware in seemingly legitimate repositories.

The fallout from the recent $1.5 billion Bybit hack continues to unfold as Safe Wallet confirms that hackers exploited its infrastructure.

Cybercriminals have initiated a sophisticated attack that targets GitHub users. They are utilizing fake repositories to disseminate malware that steals personal data and cryptocurrency.

The SEC has already dismissed the probe against Robinhood Crypto, Coinbase, Uniswap and the latest being Gemini. The post SEC Drops Aggressive Crypto Enforcement Campaigns, Gemini Confirms to be Latest appeared first on Cryptonews.

In one of the biggest crypto heists ever! North Korean hackers have stolen a staggering $1.5 billion from ByBit, one of the world's largest cryptocurrency exchanges, according to the FBI's official statement. This marks one of the biggest crypto hacks in history, nearly doubling what North Korea stole in digital assets last year.

Bybit is back in India! After overcoming regulatory hurdles and a security breach, the crypto exchange fully restores services, resuming new user onboarding and trading access. Bybit Reinstates Services in India After Regulatory Compliance Cryptocurrency exchange Bybit has officially registered with Indian authorities, allowing the platform to fully restore its services in the country.

The US Securities and Exchange Commission (SEC) has ended its investigation into Gemini without filing any charges. However, Gemini co-founder Cameron Winklevoss has strongly criticized the agency, accusing it of causing financial and operational harm to the crypto industry.

The FBI, while late to the party, has confirmed the $1.4 billion theft of Ethereum from a Bybit cold wallet originated from North Korea.

According to a report uploaded on February 18, last year, Russia's Rosseti Group, a major player in the nation's electricity sector, reported damages of over 1.3 billion rubles (approximately $14.2 million) caused by “unauthorized” cryptocurrency mining operations.

Crypto's recent downturn is a “tactical retreat, not a reversal,” Binance's CEO said, pointing to strong institutional demand, resilient fundamentals, and past market recoveries. Binance CEO Breaks Down Crypto's ‘Tactical Retreat'—Why It's a Bullish Signal Binance CEO Richard Teng addressed recent market turbulence on social media platform X on Feb.

The SEC has ended its probe into Gemini exchange, deciding not to take enforcement action, though it left open the possibility of future actions.

The crypto market is experiencing a significant upheaval, with a staggering $300 billion erased in just 24 hours. This massive sell-off has raised concerns among investors, prompting analysts to explore the underlying causes of this dramatic decline.

Russian law enforcers have confiscated over 200 crypto mining rigs after power outages struck a village in Ingushetia. The post FSB Seizes Hundreds of Crypto Mining Rigs After Power Outages Hit Russian Village appeared first on Cryptonews.

The resolution repealing the IRS law needs to pass through the House, then the Senate, and if successful, it can then be sent to US President Donald Trump to sign into law.

Gemini co-founder Cameron Winklevoss disclosed Wednesday that the SEC has concluded its investigation into the cryptocurrency exchange with no enforcement action to be taken. What happened: In an X post, Winklevoss stated that the regulator notified the company's litigation counsel of the closure.

The cryptocurrency market has been rocked by a significant surge in liquidations, with over $1.5 billion wiped out in just 24 hours. This marks the third time in February that liquidations have surpassed the billion-dollar threshold, fueling fears of an impending bear market.