Crypto traders in India could end up shelling out significant tax penalties if they don't report their gains in a timely fashion. New legislation in the country of 1.46 billion people proposes that reporting entities must submit information regarding crypto transactions to India's tax authority. Gains that are reported late could garner significant tax penalties.

US Senator Bill Hagerty of Tennessee is introducing legislation aimed at establishing clarity on the regulation of stablecoins. Fox Business journalist Eleanor Terett reports on the social media platform X that Hagerty is introducing the GENIUS bill to the Senate today. “Today Senator Hagerty introduces his stablecoin bill in the Senate.

FTX will begin repaying creditors with claims under $50K starting February 18, 2025 – based on deposit values from November 2022 when Bitcoin was around $17K.

Coinbase is now facing a lot of public attention after ZachXBT, a crypto investigator, broke out news of a shocking social engineering scam that targeted Coinbase users, taking away a whopping $300 million of losses.

The CFTC is reportedly restructuring its enforcement division in a major overhaul that is expected to put to an end regulation by enforcement. This is also expected to restore market integrity, enabling the agency to utilize its resources to limit fraud, manipulation, and abuse.

A veteran trader has revealed his four altcoin picks from one sector that he says will be one of the hottest narratives of 2025. Pseudonymous trader and analyst Pentoshi tells his 852,000 followers on the social media platform X that he thinks the real-world asset (RWA) sector will be the “trend for the year.

Paxos acquired fully accredited EU-based Membrane Finance, granting it a MiCA-compliant toolset for tokenized assets and stablecoins.

Senator Bill Hagerty intends to introduce legislation on Feb. 4 to establish a regulatory framework for stablecoins, Bloomberg News reported.

A distribution notice from FTX Digital Markets showed that the initial group of claimants could expect the value of their funds to be returned plus interest.

Medjedovic justified his actions under the "code-is-law" argument, claiming exploiting smart contracts was legally permissible.

Paxos has completed the acquisition of Membrane Finance, a Finnish Electronic Money Institution, enhancing its regulated platform and expanding its services in Europe.

TL;DR Olas raises $13.8 million in a round led by 1kx, boosting the development of its crypto AI agent platform. The platform already handles over 700,000 monthly transactions, with a notable 30% month-over-month growth and over 3.5 million total transactions.

FTX is set to begin distributing funds to small creditors on Feb. 18, marking a key development in the defunct crypto exchange's bankruptcy process. The Joint Official Liquidators (JOLs) of FTX Digital Markets Ltd.

The crypto market saw $2.24 billion liquidated after Trump's tariffs, sparking accusations of market manipulation involving Binance and Wintermute.

Investors deposit the USDC stablecoin and receive GPRIME pool tokens, representing their proportional stake in the pool.

Coinbase Global on Tuesday renewed its call for U.S. banking regulators to clarify or revise their position on banks offering cryptocurrency services as well as potentially doing tie-ups with companies in the digital assets sector.

Digital asset lawyer and advocate John Deaton says the “war against crypto” isn't dead despite the recent shift in US presidential administrations. Deaton says on the social media platform X that there are still important cases going on even though Gary Gensler isn't running the U.S. Securities and Exchange Commission (SEC) anymore.

FTX repayments will start on February 18, 2025, beginning with claims under $50,000 for those in the Bahamas process.

FTX Digital Market's liquidator PwC had stated that non-Convenience Class creditors expected to receive reimbursement in Q2 2025.

FTX confirmed readiness to begin repayments for Bahamas creditors this month, ahead of larger disbursements expected in Q1 2025.

Binance will remove three BTC trading pairs from its platform on February 6, 2025, while maintaining the individual tokens' availability through other trading pairs.

FTX will initiate payments to its creditors in the Bahamas starting on February 18, 2025. The first phase of reimbursements will cover claims valued at $50,000 or less.

Senator Bill Hagerty is set to introduce a new stablecoin bill as the largely crypto-friendly Republican Party seeks further regulatory clarity for the industry.

“Everything went flawlessly as far as im aware,” said Rune Christensen, founder of MakerDAO, which actioned off about $8 million in collateral.

FTX will start creditor repayments on February 18, covering claims under $50,000 with 9% interest, processed via BitGo. The post FTX to begin Bahamas creditor repayments on February 18 appeared first on Crypto Briefing.

The app store will allow users to directly own and control their AI agents on-chain for various use cases, including autonomous social media accounts and DeFi trading.

The Senate has pushed stablecoin bills before, but the chamber is now led by Republicans who want to make Hagerty's latest effort happen.

TL;DR Senator Bill Hagerty seeks to establish a favorable regulatory framework for stablecoins in the U.S. The proposal requires stablecoins to be backed by dollars, Treasury bonds, and Federal Reserve notes. The project aims to position the U.S.

Beleaguered crypto exchange FTX on Tuesday announced that first and final distributions for Convenience Class claims, those under USD $50,000, are scheduled to be available to eligible claimants starting Feb. 18. The Joint Official Liquidators (JOLs) of FTX Digital Markets Ltd.

The former White House communications director reportedly suggested that members of Congress running for reelection ”don't want to be opposed by the crypto industry.”

Republican Senator Bill Hagerty introduced the Guiding and Establishing National Innovation in U.S. Stablecoins (GENIUS) Act on Tuesday, a bill aimed at creating a regulatory framework for stablecoins in the United States. The legislation is part of a broader push among lawmakers to establish clear guidelines for digital assets as the market continues to expand.

In a latest development, FTX is all set to begin repayments to creditors from February 18. According to an email circulated among FTX creditors, they will begin getting reimbursed for lost assets. These payouts will begin at 10 AM ET on February 18 and will only apply to claims under $50,000.

Though J.D. Vance and Ted Cruz have been much discussed for their cryptocurrency – and primarily Bitcoin (BTC) – holdings, they have been far from the most prolific digital assets traders among U.S. politicians.

China responds to U.S. tariffs, which trigger a massive crypto loss of over $2 billion in liquidations. Bitcoin trades above $91k while altcoins suffer losses in the global market.

FTX will begin repaying creditors owed less than $50,000 starting February 18, 2025, according to an announcement today from Sunil, a representative of FTX creditors. The payments will hit accounts through the BitGo platform and will cover 100% of approved claims under $50K, plus 9% interest per year calculated from November 11, 2022.

Berachain mainnet launch is set for February 6, 2025. Token Generation Event to coincide with mainnet launch.

On Feb. 3, the crypto market faced a severe downfall, with over $2.3 billion in leveraged crypto positions being liquidated within 24 hours. One of the alternative estimations points out $8 to $10 billion in crypto liquidation.

The launch of President Trump's meme token was met with mixed reactions among the crypto community. On one hand, Trump allied with crypto backers on the campaign trail, promising to cut back on legal challenges brought against crypto businesses and promote innovation in the United States.

This is a segment from the Empire newsletter. To read full editions, subscribe.

According to a new report by California-based cybersecurity company SentinelOne, Apple recently updated its built-in antivirus software called XProtect to block North Korea-linked Ferret malware.

Crypto.com continues Super Bowl bets while addressing CFTC's regulatory concerns. CFTC reviews sports contracts, examines “gaming” classification for Crypto.com and Kalshi.

Three years after FTX went bankrupt, its creditors are finally going to receive payments. These payouts will begin as early as February 18, starting with claims under $50,000.

As an official Virtual Asset Service Provider in a financial hub as crucial as the United Kingdom, Coinbase strengthens its global presence, reinforcing its position as one of the world's leading cryptocurrency exchanges.

Tokenization, the process of creating digital representations of assets, is poised to revolutionize the U.S. financial landscape according to a16z crypto.

Senator Hagerty's legislation proposes a stablecoin regulatory framework, ensuring safe issuance backed by USD and stringent oversight. The post Senator Bill Hagerty proposes legislation for stablecoin framework appeared first on Crypto Briefing.

Coinbase is reportedly lobbying American regulators to make bank-cryptocurrency partnerships more feasible. The country's largest crypto exchange called on banking regulators to clarify or amend their rules to allow banks to offer crypto custody and trading execution services, Bloomberg reported Tuesday (Feb. 4).

TL;DR Ozean partners with Tiamonds to tokenize diamonds and expand the offering of real-world assets (RWA) on its platform. Tiamonds will enable secure investment and trading of physical diamonds through blockchain technology. The alliance paves the way for innovative financial products and diversified RWA baskets in the DeFi ecosystem.