Italy Issues Urgent Warning to Crypto Companies: Comply with Year-End MiCA Deadline or Face Shutdown
Italy's regulator reminded crypto firms and investors to pay close attention to the Dec. 30 deadline for complying with the EU's MiCA rules.
Global Law Enforcement Operation Disrupts Major Cryptocurrency Fraud Network Responsible for Over $815 Million in Money Laundering
Coordinated raids led to arrests, multimillion-dollar seizures, and the disruption of key infrastructure, according to Europol.
JPMorgan Highlights Strategy as Crucial for Bitcoin's Future, IMF Cautions Stablecoins Could Undermine Central Bank Authority, and More Daily Insights
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
EU Explores Consolidation of Crypto Regulations Amid IMF Warnings on Stablecoin Risks: Global Express Insight
The IMF and South Africa’s central bank are still concerned about stablecoins, while in the US, spot crypto products can now be traded on futures markets.
Bitcoin Risks Dropping Back to the Low $80,000s as Trader Suggests Recent Dip is Logical
Bitcoin traders brought back sub-$90,000 BTC price targets amid ongoing weakness after a rejection at the yearly open capped potential upside.
Polymarket to Implement In-House Market Maker for User Trading: Latest Developments
The company has approached traders, including sports bettors, about joining the effort as it expands in the US and rival Kalshi faces scrutiny over similar practices.
ZachXBT Reveals British Cybercriminal Linked to $243 Million Genesis Creditor Theft is Likely Arrested
A British hacker tied to the $243 million Genesis creditor theft has possibly been arrested in Dubai, according to onchain sleuth ZachXBT.
Lawyer Highlights Three Key Issues Delaying the Crypto Market Structure Bill Amid Uncertain Future for Price Increases
Senate negotiators are struggling to finalize a bill as disputes over stablecoin yield, conflicts of interest, and DeFi slow progress.
Paribu Expands Presence in the Middle East with $240 Million Acquisition of CoinMENA, Gaining Dubai and Bahrain Licenses
Paribu has acquired CoinMENA in a transaction valued at up to $240M, expanding the platform’s regulated footprint into Dubai and Bahrain.
Texas Bitcoin Purchase: Implications for the US Market Amid Economic Downturn
Texas is now the first US state to purchase and hold Bitcoin, but why did it act during a market pullback, and how could this move influence national crypto policy?
US Prosecutors Seek 12-Year Prison Sentence for Terraform Founder Do Kwon
A sentencing recommendation said that Do Kwon had caused more losses than Sam Bankman-Fried, Alex Mashinsky and Karl Sebastian Greenwood combined.
Polish Lawmakers Unable to Overturn Presidential Veto on Controversial Cryptocurrency Legislation
Poland’s parliament upheld a veto on the Crypto-Asset Market Act, delaying EU-aligned regulation and deepening divisions over security and innovation.