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Elon Musk’s X has entered the legal fray over digital privacy, urging the U.S. Supreme Court to curb the federal government’s ability to demand user data from crypto platforms without individualized suspicion. In a newly filed amicus brief, X argues that blanket data collection requests, often known as “John Doe” summonses, violate the constitutional rights
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Bybit has announced it will shutter its NFT Marketplace on April 8, becoming the latest crypto platform to exit the sector as institutional support for non-fungible tokens continues to dwindle. The move comes just five weeks after the exchange suffered a high-profile security breach, though the company framed the decision as part of a broader
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Shoppers in Singapore can now use USD Coin (USDC) to purchase electronics directly from Sony’s online store—a move that marks the company’s first foray into local crypto payments. The integration was made possible through a partnership with Crypto.com, which will serve as the payment processor for the stablecoin transactions. The rollout allows customers to check
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Circle Internet Financial, the company behind the USDC stablecoin, has filed its S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), marking a key step toward its anticipated initial public offering. Circle intends to list on the New York Stock Exchange (NYSE) under the proposed ticker “CRCL.” The filing follows the company’s earlier
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The United Kingdom’s Financial Conduct Authority (FCA) has confirmed plans to launch a comprehensive authorization regime for crypto firms by 2026, signaling a major shift in the country’s regulatory approach. The new framework, described as a “gateway regime,” will replace the current registration model focused primarily on anti-money laundering (AML) compliance. In an interview with
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Sam Bankman-Fried, the former chief executive of the defunct crypto exchange FTX, has been relocated to the Federal Transfer Center in Oklahoma City, according to an update on the Federal Bureau of Prisons website Thursday. The move comes just weeks after Bankman-Fried gave an unauthorized video interview from prison to political commentator Tucker Carlson. The
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BlackRock has posted four new digital asset job listings, expanding its internal crypto bench at a time when Wall Street’s interest in blockchain-based finance is growing rapidly. The newly listed roles, which appeared this week on the firm’s careers portal, include Director of Digital Assets, Director of Regulatory Affairs, VP for Digital Asset and ETF
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WhiteBIT, Europe’s most visited cryptocurrency exchange, has taken a calculated leap into the Australian market, unlocking a new frontier for digital asset growth in the Asia-Pacific. While the WhiteBIT.au platform officially launched in December 2024, insiders say the move was the result of extensive groundwork, months of behind-the-scenes development, compliance alignment, and local team building.
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The supply of USD Coin (USDC), the dollar-pegged stablecoin issued by Circle and backed by Coinbase, has officially crossed the $60 billion market cap mark; a record-setting figure that highlights its accelerating adoption and market relevance. According to fresh data, USDC’s total supply reached 60.2 billion as of Wednesday, marking a remarkable 100% increase from
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Fidelity Investments is reportedly nearing the public rollout of a U.S. dollar-pegged stablecoin, marking another calculated step in the firm’s broader push into the crypto space. According to sources cited by the Financial Times, the project is being finalized under Fidelity Digital Assets, the company’s dedicated digital division, and comes at a time when regulatory
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After nearly two years of planning and community deliberation, Celo has officially completed its transition from a Layer 1 blockchain to an Ethereum Layer 2 network. The move, which marks a strategic shift for the mobile-first blockchain, aims to unlock faster transactions, reduce costs, and improve composability within the Ethereum ecosystem. The transition kicked off
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Paul Atkins, President Donald Trump’s nominee for Chair of the Securities and Exchange Commission (SEC), has disclosed significant investments in cryptocurrency firms, raising questions about potential conflicts of interest as he prepares for his Senate confirmation hearing. According to a Reuters analysis of ethics documents released on Tuesday, Atkins holds between $250,000 and $500,000 in
