Ukraine’s NSSMC rep Yurii Boiko reveals new virtual assets law aimed at exposing shadow financial operations in crypto. The law will tax crypto income like securities and exempt mining/staking from taxes, aligning with EU’s MiCA by June 2024. #CryptoRegulation
? On June 27, a hacker moved 500 BTC ($30M) from the DMM Bitcoin breach, sparking fears of a market dump. DMM Bitcoin had earlier reported a $300M theft. Japan’s FSA demands thorough investigation. $BTC #CryptoSecurity
.@Coinbase has filed a lawsuit against the @SECGov and @FDICgov for ignoring FOIA requests. The suit claims lack of transparency and inconsistent crypto regulations, highlighting the need for clear guidelines. This could significantly affect digital asset regulation. #CryptoRegulation
Coinbase (@coinbase) sues SEC and FDIC, alleging non-compliance with FOIA requests and attempts to hinder crypto industry growth. The lawsuit seeks transparency on SEC’s stance on Ethereum ($ETH) and FDIC’s role in “unlawful schemes.” #CryptoNews
Deepfake-related crypto fraud has spiked by 245% in 2024, leading to $25.13B in losses, per @BitgetGlobal. Social engineering and bot fraud accounted for $2.03B in Q1 2024. Regulatory intervention is urgently needed. #CryptoCrime
MKR surged 9% to $2,522 after MakerDAO’s $1.35M audit contest was announced. Trading volume hit $107M, up 23%. The contest aims to enhance the Endgame project’s security, starting July 8, 2024. #CryptoNews
The U.S. State Department has raised the reward to $5M for info on Ruja Ignatova, co-founder of OneCoin, who ran a $4B crypto scam. Missing since 2017, she may have altered her appearance. Her capture is crucial for justice and financial integrity. #CryptoFraud
Turkey’s parliament passed a crypto bill imposing fines up to $182,600 and jail terms for violations. Crypto exchanges must obtain licenses and ensure fund transfers are traceable. The bill awaits President Erdoğan’s approval. #CryptoRegulation
Cryptocurrency firm Abra will return $82M to customers after settling with regulators from 25 states over unlicensed operations. CEO William Barhydt is barred from business in those states. This highlights growing regulatory scrutiny in crypto. #CryptoNews
The U.S. moved $240M in Bitcoin from Silk Road to @coinbase, causing BTC to drop 2%. This highlights the significant impact of government actions on crypto markets. #CryptoNews
Bitget and Foresight Ventures have launched a $20M fund to support early-stage projects in The Open Network (TON) ecosystem, which has seen TVL surge fivefold to $600M. Notable projects like STON.fi and USDT are driving growth. #CryptoUpdate
Hashed Ventures expands to Abu Dhabi, drawn by clear regulations and a supportive ecosystem. With $700M AUM, the firm aims to introduce S. Korean companies to the region. CEO sees Abu Dhabi as prime for growth opportunities. #Web3
Ethereum’s supply grew by 112,000 ETH since April 14, 2024, post-Dencun update. This reverses the deflationary trend from The Merge. Currently trading at $3,370, ETH saw a 0.82% dip in 24 hours with a $4.4B volume. #CryptoUpdate #Ethereum $ETH
Tether’s $USDT supply on the Telegram-linked TON blockchain grew by $580M in under two months, with net circulation at $519M. #Crypto #Blockchain
