Hong Kong sets a legal precedent by executing a tokenized court order, freezing $2.66M in tether stablecoins and enhancing its reputation as a tech hub. Precedent-Setting Move Enhances Hong Kong’s Reputation as a Technology Hub A Hong Kong court successfully executed a groundbreaking injunction against two cryptocurrency wallets, utilizing tokenized legal notices to freeze $2.66…

Public Bitcoin miners now control over 35% of the network hash rate, with MARA, CLSK, and IREN exceeding 2024 targets. Learn more about their growth and future strategies. Public Bitcoin Miners Expand Their Network Share to Record Levels At the end of 2024, public Bitcoin mining companies reported a combined hash rate of 318.09 EH/s,…

CFTC appoints Harry Jung as Acting Chief of Staff to lead digital asset oversight, marking a shift in U.S. crypto regulatory focus. CFTC Appoints New Leadership to Strengthen Crypto Oversight The U.S. Commodity Futures Trading Commission (CFTC) has announced key leadership changes aimed at reinforcing its oversight of cryptocurrencies, decentralized finance (DeFi), and other digital…

The SEC repeals SAB 121 opens the door for banks to offer crypto custody services. This move marks a new era for crypto in traditional finance. SEC Repeals SAB 121, Opens New Era for Crypto in Traditional Finance The Securities and Exchange Commission (SEC), under the leadership of acting chair Mark T. Uyeda, has repealed…

President Trump's Executive Order on Jan. 23, 2025, rejects CBDCs, outlines digital asset innovation goals, and creates a working group to revamp crypto regulations. Trump Signs Executive Order Advancing U.S. Leadership in Digital Assets President Donald Trump signed a significant executive order focused on the future of digital assets, blockchain technology, and the regulation of…

Lawmakers push back against Biden's IRS rule redefining DeFi participants as "brokers," fearing it could stifle U.S. cryptocurrency innovation and drive it overseas. Lawmakers Introduce Resolution to Overturn Controversial IRS Rule U.S. Senator Ted Cruz (R-Texas) and Representative Mike Carey (R-Ohio) have introduced a joint resolution aiming to overturn a controversial IRS rule that redefines…

Better Markets filed an amicus brief in the SEC vs. Ripple case, criticizing the court ruling for ignoring XRP's economic realities and warning of investor risks. Better Markets Challenges District Court’s Interpretation of Ripple’s XRP Sales Better Markets, a financial reform advocacy organization, has filed an amicus brief in the ongoing SEC vs. Ripple case.…

Petrobras explores bitcoin mining integration to reduce carbon emissions. Learn about the Brazilian oil giant’s R&D on Web3 and sustainable energy solutions. Brazilian Oil Giant Petrobras Investigates Web3 and Blockchain Applications Petrobras, the state-owned oil company of Brazil, is researching the integration of bitcoin mining as a complementary activity to reduce carbon emissions. Marcelo Curi,…

The DOJ announced CLS Global’s guilty plea to market manipulation and wire fraud, resulting in a $428,059 penalty and a U.S. crypto market ban. CLS Global Agrees to Pay $428,059 Penalty Following DOJ Charges The U.S. Department of Justice (DOJ) announced on Jan. 21 that CLS Global FZC LLC has agreed to plead guilty to…

U.S. DOJ sentences Indian cryptocurrency vendor Anurag Pramod Murarka to 121 months for laundering $20M through darknet platforms and a hawala network. Cryptocurrency Laundering Scheme Ends in Prison Sentence The U.S. Department of Justice (DOJ) has sentenced Indian national Anurag Pramod Murarka, 30, to 121 months in prison for laundering more than $20 million in…