Amid mounting economic challenges and a growing pile of confiscated cryptocurrencies, local governments in China are increasingly liquidating seized digital assets to bolster strained public finances.

The collaboration aims to leverage Bleap's technology to enable other wallet providers to integrate with Mastercard's payments network.

For years, the cryptocurrency space has battled allegations that its ecosystem can come across as abstract and inaccessible to the everyday end-user. While blockchain payment and financial solutions can promise decentralization and ownership, they frequently suffer from clunky user experiences and steep onboarding curves.

MEDIA took a nosedive today, dropping over 60% after Coinbase officially delisted the token from all its platforms. Media Network (MEDIA) sank to as low as $1.

The executive power in Russia has prepared a set of legal procedures that would allow law enforcement officials to confiscate crypto assets as part of criminal proceedings.

The team behind the official TRUMP meme coin sparks rug pull concerns among traders after removing $4.6 million from its liquidity pool ahead of a $320 million token unlock.

The United Arab Emirates Central Bank has approved Web3 insurance solutions developed by Relm Insurance and Liva Insurance. Closing the Insurance Gap The United Arab Emirates (UAE) Central Bank has approved Web3 insurance solutions developed by Relm Insurance and Liva Insurance.

OKX (CRYPTO: OKB), one of the biggest cryptocurrency exchanges in terms of daily trading volume, announced its entry into the U.S. market Tuesday by setting up a new regional headquarters in San Jose, California. What Happened: OKX's expansion plan includes not only setting up a new base but also extending the reach of its platform and native OKX Wallet to U.S.-based cryptocurrency traders.

Bitcoin and other major cryptos like Ether, XRP, Solana, Dogecoin and Cardano also dropped over 3% early Wednesday as traders booked profits after Tuesday's price rally. The total crypto market cap fell over 4% in the past 24 hours to $2.73 trillion as per data from Coingecko.

CBEX, a self-proclaimed digital asset trading platform, is now at the center of one of the largest financial scams in Nigeria's history. Thousands of investors have been left penniless.

XRP and multi-asset funds outperformed most crypto investments products last week.

The crypto exchange has established a regional headquarters in San Jose, California. It also appointed Roshan Robert as CEO of its US operations.

After a $500 million settlement with the Department of Justice earlier this year, OKX crypto exchange has formally resumed operations in the U.S. The relaunch was announced via press release on Apr.

OKX, the Seychelles-based cryptocurrency exchange that ranks as one of the world's largest, is making its official entry into the United States. Roshan Robert, former executive at recently Ripple-acquired Hidden Road, and now new chief executive officer of OKX US, announced this on April 16.

Italian Economy Minister Giancarlo Giorgetti warns that dollar-based stablecoins pose a greater threat to the euro's standing than trade disputes.

Coinbase has warned that weakening technicals and macro pressures may signal the start of a new crypto winter, with key indexes slipping below critical support levels. The post Coinbase Alerts Market to Possible Crypto Winter Ahead appeared first on Cryptonews.

Coinbase called on Australia to back crypto reform in the May 3 vote, warning lack of regulation is driving talent and capital offshore.

The global trade war and negotiations are expected to drag on longer as China and the U.S. remain in impasse mode. Europe has found itself on thin ice as China makes progress in negotiations, while the U.S. side stalls.

Coinbase has warned that crypto may be entering a new bear market, but it expects prices to find support between May and June, potentially setting up a stronger Q3. In its monthly report published on Apr.

Germany's Christian Democratic Union (CDU) has radically altered its position on cryptocurrency from critic to advocate in the run-up to the formation of the nation's new government. The political party, once a leader in advocating hardline regulations against digital assets, now seeks to transform Germany into a Bitcoin business hub, recent reports indicate.

China cracks down hard on cross-border crypto fraud, jailing fraudsters in a major blow to digital crime targeting Indians.

The US SEC has closed its investigation into Ethereum-based NFT project CyberKongz without taking enforcement action. The post SEC Closes Investigation Into NFT Gaming Project CyberKongz appeared first on Cryptonews.

Local governments in China are reportedly seeking ways to offload seized crypto while facing challenges due to the country's ban on crypto trading and exchanges.The lack of rules around how authorities should handle seized crypto has spawned “inconsistent and opaque approaches” that some fear could foster corruption, lawyers told Reuters for an April 16 report. Chinese local governments are using private companies to sell seized cryptocurrencies in offshore markets in exchange for cash to replenish public coffers, Reuters reported, citing transaction and court documents.

China's mounting stash of seized crypto is pushing local authorities and regulators to seek clearer rules for its disposal. The post China Grapples With What to Do With Seized Crypto Stash appeared first on Cryptonews.

China is debating how to manage billions in seized crypto as crimes involving digital assets surge.

For the first time in history, dapps are generating more revenue than blockchains, raising questions about the real value of the latter without the former, and how this trend could accelerate the rise of appchains.

The exchange plans to roll out services to new US customers in phases, with a nationwide launch expected later in 2025.

OKX, the global cryptocurrency exchange headquartered in Seychelles, is officially entering the United States market, establishing its new regional headquarters in San Jose, California, and launching its trading platform and OKX Wallet for U.S.-based users.

Securitize has acquired MG Stover's fund administration business, making it the world's largest digital asset fund administrator. The news was announced in an Apr.

Seychelles-based cryptocurrency exchange OKX is expanding to the U.S., establishing a new regional headquarters in San Jose, California and rolling out access to its platform and its native OKX Wallet to U.S.-based crypto traders.

Microsoft Threat Intelligence has issued a critical alert about a widespread malvertising campaign targeting cryptocurrency traders. The malicious operation, which began earlier this month, uses fake advertisements to trick users into downloading malware disguised as popular crypto trading tools, including those from Binance and TradingView.

Trump family's stablecoin launch scrutinized as political risks rise.

South Korea plans more crackdown on non-compliant crypto exchange sites and applications.

Securitize, a leading platform in the tokenized asset space, has acquired the fund administration arm of MG Stover, establishing its subsidiary, Securitize Fund Services (SFS), as the largest digital asset fund administrator. The move significantly expands SFSs capabilities, now overseeing $38 billion in assets across 715 funds, including high-profile offerings like BlackRocks $2.45 billion tokenized U.S. Treasury fund (BUIDL).

Healthcare tech company Semler Scientific has announced a tentative $29.75 million settlement with the U.S. Department of Justice (DOJ) over alleged violations of a federal anti-fraud law related to its flagship product, QuantaFlo. According to a Tuesday filing with the Securities and Exchange Commission (SEC), the company disclosed it has been under investigation since 2017, when it received a civil investigative demand (CID).

OKX launches U.S. exchange, regional HQ in San Jose.

Healthcare technology firm Semler Scientific has reached a tentative settlement agreement with the U.S. Department of Justice (DOJ), disclosing in a Tuesday filing that it was prepared to pay a $29.75 million fine in order to settle all claims tied to potential violations of a federal anti-fraud law related to its marketing of QuantaFlo, its flagship product.

Securitize acquires MG Stover's fund management business, expanding services.

Cryptocurrency analytics firm Elliptic has partnered with Monerium, a Reykjavik-based Electronic Money Institution (EMI), to enhance anti-money laundering (AML) and compliance measures for its EURe stablecoin. Monerium Taps Elliptic to Navigate MiCA Rules Amid Euro Stablecoin Boom According to the announcement shared with Bitcoin.

China's growing pile of cryptocurrencies seized from illegal transactions is prompting local governments to find ways to dispose of the hoard and spurring calls from courts and the financial industry for better regulation.

The payments industry is no stranger to disruption. But it has long had the same strategy for it: rely on the key foundations of trust, transparency and interoperability.

AWS outage affects Binance, KuCoin; withdrawals temporarily suspended.

The AWS outage heavily impacted Binance, showing reliance on centralized services.

The bank published a report that estimates an almost ten-fold increase in the supply of stablecoins by the end of 2028 if the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act is passed later this year.

The Phantom lawsuit filed in New York alleged security vulnerabilities in the noncustodial wallet, including unencrypted browser memory that enabled theft of over $500,000 in tokens. The case exposed a pattern of similar breaches across multiple wallet providers and raised questions about third-party integrations with partners like OKX that faced prior legal troubles. The post Phantom Faces Lawsuit over Security Vulnerabilities in Crypto Wallet appeared first on Cryptonews.

Securitize has acquired a crypto-centered fund administration company out of the MG Stover for an undisclosed amount.

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