A bill to regulate stablecoin in the United States has been passed by the US House Financial Services Committee.
A recent study by Chainplay and Storible reveals that 83% of crypto investors have been scammed or hacked at least once, with average losses reaching $2,622 per victim. Exchange hacks have cost users over $27 billion, highlighting the persistent security risks in the crypto market.
US House Financial Services Committee voted 32-17 to advance a bill aimed at regulating stablecoins. A handful of Democrats joined Republicans in favor of the measure, reflecting one of the few areas of bipartisan agreement.
Decentralized video game ecosystem Treasure DAO is restructuring as “a matter of survival” to extend its financial runway to at least February 2026. Treasure DAO's chief contributor John Patten says in an April 2 video posted to X that he has resumed a leadership role and is taking a plan to the DAO to streamline operations, eliminate unnecessary costs, and center the organization around a few key projects.
California Representative Maxine Waters strongly criticized President Donald Trump over his involvement in the crypto sector, and in particular his family's backing of the USD1 stablecoin.
The cryptocurrency market has plunged back into a state of “Extreme Fear” following a steep drop in investor sentiment. The post Fear & Greed Index Hits 25 as Crypto Market Returns to ‘Extreme Panic' Sentiment appeared first on Cryptonews.
Republicans won big with crypto's backing—but what does this mean for upcoming regulations?
In the past day, the cryptocurrency market experienced significant volatility, leading to widespread liquidations of both short and long positions. This turmoil was primarily triggered by President Donald Trump's announcement of new tariffs, which injected uncertainty into global markets, including cryptocurrencies.
Trump's crypto ties pose “an unprecedented conflict of interest,” said lawmakers asking the SEC for answers on paused enforcement cases.
OnlyFans founder Tim Stokely has reportedly joined forces with the HBAR Foundation to make a late bid for TikTok. The post Hedera-Linked Crypto Foundation, OnlyFans Founder Enter Late Bidding War for TikTok: Report appeared first on Cryptonews.
Kazakhstan's financial sector recently strengthened ties with the United Arab Emirates (UAE) through a delegation visit from March 26-27. Kazakhstan, UAE to Cooperate on CBDC Development A delegation from Kazakhstan's financial sector recently visited the United Arab Emirates (UAE) to strengthen collaboration in digital assets and blockchain technology.
The crypto market experienced heightened volatility in the past 24 hours, triggering significant liquidations. The total crypto market cap slipped 2% to hover about $2.68 trillion on Thursday, April 3, during the mid-Eastern financial market trading session.
The STABLE Act has cleared the House Financial Services Committee, even as scrutiny of Trump-linked stablecoin ventures mounts.
The U.S. House Financial Services Committee has voted to advance a new bill aimed at regulating stablecoins. The post House Financial Services Committee Advances Stablecoin Regulation Bill appeared first on Cryptonews.
Elizabeth Warren and Maxine Waters have asked the SEC to preserve all records related to World Liberty Financial, the crypto firm tied to Trump's family. The post Warren, Waters Push SEC on Whether Trump Admin is Influencing Crypto Regulation for Personal Gain appeared first on Cryptonews.
Kraken, one of the leading global cryptocurrency exchanges, has officially registered as a restricted dealer in Canada. This move enables the platform to continue offering crypto trading services to Canadian users under the countrys evolving regulatory landscape.
The Depository Trust and Clearing Corporation (DTCC), the worlds largest securities settlement system, is advancing into crypto with a new blockchain-powered platform for tokenized collateral management. The platform aims to streamline outdated collateral systems by leveraging smart contracts and real-time blockchain infrastructure.
BlackRock receives FCA approval to operate as a registered crypto asset firm in the UK. Approval may lead to the expansion of BlackRock's iShares Bitcoin ETP in the UK.
The House Financial Services Committee voted to advance a monumental bill to regulate stablecoins on Wednesday.
The Crypto Fear and Greed Index has plunged to 25, dropping 19 points from the previous day and pushing the market into “Extreme Fear” territory. This steep drop follows U.S. President Donald Trump's Apr.
Though many Democrats on the House Financial Services Committee voted with Republicans to move the bill, they raised flags about the Trump-tied stablecoin.
Blackrock's FCA approval to support a crypto ETP marks a breakthrough for institutional adoption in the UK, unlocking new pathways into regulated digital asset exposure. UK's FCA Clears Blackrock as Arranger for Crypto ETP, Marking Major Institutional Shift Blackrock International Ltd.
Lawmakers have sent a letter to the Securities and Exchange Commission (SEC) demanding full transparency regarding Trump's links to a crypto company.
Crypto markets dipped after US President Donald Trump's declaration of a national emergency and sweeping tariffs on all countries as part of his latest salvo in the ongoing trade war. The Trump administration has hit all countries with a 10% tariff starting April 5, with some countries facing even larger rates, such as China facing a 34% tariff, the European Union 20%, and Japan 24%.
Cryptocurrency exchange OKX reportedly hired former New York Governor Andrew Cuomo to advise it over the federal probe that resulted in the firm pleading guilty to several violations and agreeing to pay $505 million in fines and penalties.Cuomo, a New York-registered attorney, advised OKX on legal issues stemming from the probe sometime after August 2021 when he resigned as New York overnor, Bloomberg reported on April 2, citing people familiar with the matter. “He spoke with company executives regularly and counseled them on how to respond to the criminal investigation,” Bloomberg said.
The cryptocurrency market could hit its lowest point within the next two months, with a 70% chance of this happening before June, according to Aurelie Barthere.
At an April 2 hearing, Representative Maxine Waters criticized President Donald Trump's involvement in cryptocurrency.
Pump.fun has introduced PumpFi, an on-chain lending platform designed to help users finance the purchase of meme coins and NFTs.
ACT's token value dropped 58% following Binance's leverage adjustment, with cascading liquidations accelerating the decline. The ACT team dismissed any flaws in the project, pointing instead to market triggers. The post Binance Leverage Adjustment Triggers ACT Sell-Off; Project Dismisses Issues appeared first on Cryptonews.
UK trade bodies urge government to focus on crypto, aiming for £57 billion boost by 2030.
Kraken announced it will offer free Interac e-Transfer deposits for Canadian users to reduce friction for newcomers to the platform.
Galaxy Digital, the cryptocurrency firm founded by billionaire Mike Novogratz, has received approval from the UK's Financial Conduct Authority (FCA) to execute derivatives trading.
Fidelity Investments has launched a new IRA plan that lets investors directly invest in crypto, including bitcoin, ether and litecoin. The Fidelity Crypto IRA was launched Wednesday (April 2) and joins several crypto exchange-traded funds offered by Fidelity that enable investors to track the prices of digital assets without directly investing in them, CoinDesk reported Wednesday.
Coinlist, a popular token launch platform, is restarting operations in the US market for the first time since 2019. It accompanied the announcement with a token sale coming later this month.
Two Democratic lawmakers in the US Senate and House of Representatives have called on acting Securities and Exchange Commission (SEC) Chair Mark Uyeda to preserve information regarding World Liberty Financial, the crypto firm backed by President Donald Trump's family.In an April 2 letter, Senator Elizabeth Warren and Representative Maxine Waters — ranking members of the Senate Banking Committee and House Financial Services Committee, respectively — asked Uyeda to provide information to Congress based on Trump's ties to World Liberty Financial (WLFI). The two lawmakers suggested the SEC may be being influenced by the firm, and “this conflict of interest may be interfering with its mission to protect investors and maintain fair and orderly markets.
Fidelity, a financial services company with $5.9 trillion in assets under management, has introduced new retirement accounts that will allow Americans to invest in crypto nearly fee-free.The three accounts — a tax-deferred traditional IRA and two Roth IRAs (one is a rollover) — permit the buying and selling of Bitcoin (BTC), Ether (ETH), and Litecoin (LTC). While there are no fees to open or maintain the accounts, Fidelity charges a 1% spread on the execution price of crypto buy and sell transactions.
Following a reserve crisis that hit TrueUSD and Justin Sun's intervention, First Digital Trust denied claims of insolvency. The Trust, at the center of the fiasco, says it is fully solvent while accusing Sun of sensationalism.
Sublime Director Tony Ho told The Block the company fired Mair due to erratic behavior and never agreed to receive funding from the DAO.
The so-called AppChain aims to enhance the speed collateral can move between traditionally “siloed” systems.
Among those countries, China will be hit with a 34% reciprocal tariff, the European Union 20%, Vietnam 46% and Taiwan 32%.
Pump.fun, the Solana-based launchpad behind a wave of viral token launches, introduced a new onchain lending protocol that lets users borrow crypto to buy memecoins and NFTs. The platform, called Pump.
Former NY governor Cuomo advised crypto exchange OKX on how to best handle being investigated by federal authorities, Bloomberg reported.
Fast-growing Nonco believes the $235 billion market for digital dollars, pesos and reals can vastly improve foreign exchange trading in emerging markets.
First Digital Trust, the issuer of the FDUSD stablecoin, has refuted recent allegations by Justin Sun. First Digital Trust labeled the allegations as false and unrelated to its operations.
Capitol Hill sources say, though, that the pushback has not meaningfully changed the calculus of the bill's bipartisan support.
Coinbase's legal representatives say the U.S. Federal Deposit Insurance Corporation (FDIC) hasn't been cooperating with Freedom of Information Act (FOIA) requests.
The chief executive of retail trading giant Robinhood says that the tokenization of traditional assets could secure the dominance of the US equities market.
The DoubleZero Protocol, a blockchain infrastructure network aiming to multiply speeds and efficiency for distributed networks, announced a validator funding round to sell token-purchase agreements for its native token to prospective validators.Applications for the funding round will be accepted April 2-10 through the CoinList platform, marking its first public token sale in the United States since 2019. The round is only available to accredited investors.