The Bank of Papua New Guinea has wrapped up its CBDC trial and is now considering next steps for digital payments beyond national borders.

Data recently published by Coinbase director reveals the total amount of Bitcoin owned by the mysterious Bitcoin founder Satoshi Nakamoto. That amount translated in fiat exceeds the wealth of Microsoft founder Bill Gates.

The US District Court for the Southern District of Florida has imposed fines exceeding $130 million on the founders of EmpiresX, an investment platform that allegedly promised sky-high returns but delivered deceit and financial loss. The court's ruling followed a lawsuit filed by the Commodity Futures Trading Commission (CFTC) on June 30, 2022.

Burwick and Wolf Popper claimed that Pump.fun chose not to remove meme tokens made to intimidate their clients.

Canada's equities regulator has excluded crypto funds from reduced margin eligibility, citing volatility, liquidity risks and regulatory concerns, making leveraged trading more expensive.

Global traders, including those in crypto, should brace for volatility as tariffs and inflation take center stage in shaping market trends, according to a new survey by JPMorgan Chase.

After former President Trump's push to make the US a Bitcoin leader, countries like Russia, which once showed little interest in cryptocurrency, are now revising their laws to leverage trillion-dollar industry.

Cipollone warns that Europe must act fast to prevent financial dependence on the US

The Thailand International Digital Business & Finance Center has appointed Movement Labs co-founder Rushi Manche and Dao5 founder Tekin Salimi as advisors to advance its blockchain technology.

Thailand with global tourism record is now setting its foot on digital assets following the Trump's path to use Bitcoin on a daily use.

71% of institutional investors have no plans to trade crypto in 2025, down from 78% in 2024. A recent J.P.

Conor Grogan's research hints that Kraken holds critical clues about Satoshi Nakamoto, who may control over $108 billion in BTC.

Users can now pay for gas fees with the same tokens they're swapping. This means no more scrambling to find ETH or other tokens just to cover transaction fees.

For a long time, the Securities and Exchange Commission (SEC) under Gary Gensler's leadership was the crypto industry's worst enemy. Now that pro-crypto Mark Uyeda has taken Gensler's place, crypto regulations will undergo substantial changes.

Kraken co-founder Jesse Powell has filed a lawsuit against a San Francisco luxury co-op, alleging that its board unlawfully blocked his attempt to purchase a home due to his ties to the crypto industry. The post Kraken Co-Founder Jesse Powell Sues Luxury Co-Op for Blocking Home Purchase Over Crypto Ties appeared first on Cryptonews.

Dubai, United Arab Emirates, 6th February 2025, Chainwire

The cryptocurrency market is thriving, with Bitcoin soaring to new heights and the overall market cap surpassing $3 trillion. However, despite the market's success, there is ongoing debate about the role of regulation and how it will shape next. Recently, House Financial Services Committee Chairman Rep.

According to the Reserve Bank of El Salvador, the use of crypto to make remittances to the country has consistently accounted for less than 1% of the total share since October 2024.

Pump.fun, a prominent platform for the creation and trading of memecoins on the Solana blockchain, has been slapped with a cease and desist letter by US law firms Burwick Law and Wolf Popper LLP. The legal notice, issued on February 5, 2025, accuses Pump.

Solana-based platform Pump.fun faces escalating legal challenges over alleged IP violations and unauthorized meme coins, while one of the contested tokens surges in value despite the controversy.

Pump.fun is facing legal trouble after receiving a cease and desist letter from Burwick Law and Wolf Popper over alleged investor fraud and IP misuse.

The U.S. SEC has hired over 50 lawyers for crypto enforcement actions.

Malaysia is the latest nation to tap blockchain for a new blockchain platform that resembles China's social credit system.

Burwick Law proposed a class action lawsuit in January alleging Pump.Fun was engaged in violating securities laws

A US court fined the Brazilian founders of EmpiresX over $130 million for operating a fraudulent crypto scheme that misled investors.

The speculation around Satoshi's identity highlights ongoing intrigue and potential market impacts, emphasizing the crypto world's opacity. The post Does Kraken know Satoshi's identity?

Popular Solana meme coin launchpad Pump.fun has been hit with a cease and desist letter from law firms who claim tokens on the platform are using their logos and names.

Institutional interest in cryptocurrency appears to be wavering, with a JPMorgan survey revealing that 71% of institutional traders have no plans to trade digital assets in 2025. While this marks a slight improvement from 78% last year, the persistent reluctance raises questions about whether crypto is losing momentum in institutional portfolios.

The Federal Deposit Insurance Corporation (FDIC) has released 790 pages of documents detailing its interactions with banks and financial institutions seeking to offer cryptocurrency services.

Are cryptocurrencies becoming popular among high-net-worth investors? Some recent developments indicate that the attitude of high-net-worth investors towards crypto has undergone a radical shift. Notably, a recent statement by TIGER 21 founder and chairman Michael Sonnenfeldt aligns well with the aforementioned assumption.

Coinbase filed an amicus brief in the bankruptcy case of crypto custodian, Prime Trust. According to the exchange's chief legal officer, Paul Grewal, he said the filing is a bid to protect customer assets being held by the custodian during its financial restructuring.

Members of the elite club Tiger21 have invested around $6 billion, or 1%-3% of their wealth, in cryptocurrencies. The post Elite Investor Group Tiger21 Holds Crypto Portfolio Value of $6 Billion appeared first on Cryptonews.

Crypto derivatives exchange Deribit is closing its operations in Russia to conform to European Union sanctions, according to Russian media. However, some Russians living abroad will still have access to its services.

After nearly three years of uncertainty, FTX, once a dominant player in the cryptocurrency exchange arena, is set to initiate the repayment process for its Bahamas-based creditors on February 18.

The crypto market is still waiting for the much-anticipated altcoin season, but signs suggest it may not arrive anytime soon. Altcoin seasons usually kick off when capital flows from Bitcoin to top altcoins like Ethereum (ETH), triggering widespread rallies.

The European Central Bank hopes U.S. President Donald Trump's plan to support cryptocurrencies pegged to the U.S. dollar will speed up legislative backing for the digital euro, ECB board member Piero Cipollone told Reuters.

Kraken co-founder Jesse Powell filed a housing discrimination suit, alleging a San Francisco building's management blocked a sale due to his involvement with crypto.

Institutional investors remain wary of crypto trading, according to a JPMorgan survey.

Crypto exchange Bybit has been fined and blocked in India for violating anti-money laundering laws, as authorities crack down on unregistered crypto operations in the country.

The SEC has reassigned its chief litigation counsel, Jorge Tenreiro, from overseeing enforcement lawsuits to the agency's IT department.

The crypto market is going through a turbulent period, and altcoins seem far from reaching their December highs. According to analyst Matthew Hyland, it will likely take until April, or even longer, to see a full recovery.

Russia now requires crypto miners to report earnings by the 20th of the following month, tightening oversight and restricting mining to approved entities while barring financial crime offenders. Russia Demands Crypto Miners Report Earnings—New Law Reshapes Industry Russia's Federal Tax Service (FNS) revealed on Feb.

Korea Financial Investment Association (Kofia) Chairman Seo Yoo-seok has called for the approval of cryptocurrency spot exchange-traded funds (ETFs) and the formal recognition of security tokens. During a recent New Year's news conference at Kofia's Seoul headquarters, Seo highlighted the potential growth of the virtual asset market, influenced by U.S. President Donald Trump's pro-crypto policies.

In a partnership aimed at bridging the gap between crypto payments and real world utilities, KuCoin Pay, on Tuesday, announced its collaboration with Uquid, one of the largest decentralized e-commerce platforms founded in 2016. This comes as a first partnership for KuCoin Pay, the recently launched advance payment system developed by Seychelles-based exchange, KuCoin, to

Burwick Law and Wolf Popper say Pump.fun users have created a range of tokens spoofing their names, logos, employees' names and even its plaintiffs.

Burwick Law and Wolf Popper say Pump.fun users have created a range of tokens spoofing their names, logos, employees' names and even its plaintiffs.

Brazilian funds could get the green light to invest in crypto and buy Bitcoin (BTC) if parliament approves a lawmaker's draft private member's bill. The post Lawmaker's Draft Bill Could Let Brazilian Funds Invest in Crypto appeared first on Cryptonews.