South Korean police have raided a suspected illegal gambling den whose operator claimed it was a center for crypto mining. The news agency Yonhap and the media outlet Asia Kyungjae reported that Gwangsan Police Station in Gwangju, South Jeolla Province, announced on April 9 that officers are questioning the alleged den’s operator. Officers are holding…
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French and Italian Regulators Submit DLT Recommendations to European Commission
Key Takeaways: Regulators propose fresh trial rules to widen digital ledger testing. New guidelines support a range of project sizes and adaptive market methods. Proposed changes may ease the merger of digital trials with established financial practices. The French Autorité des Marchés Financiers (AMF) and the Italian Commissione Nazionale per le Società e la Borsa…
Bitcoin and Altcoin Spot Trading Volumes Decline Amid Market Volatility: CryptoQuant
Key Takeaways: Total Bitcoin spot trading volume on crypto exchanges declined from a high of $44 billion on Feb. 3, to $10 billion at the end of Q1. Binance’s share of total daily Bitcoin spot trading volume increased from 33% on February 3 to 49% by the end of Q1. Bitcoin prices showed increasing volatility,…
Rep. Troy Downing Lambasts Gary Gensler In House Committee Hearing
Key Takeaways: Troy Downing has sharply criticized former SEC Chair Gary Gensler for a lack of regulatory clarity and an adversarial stance toward digital assets. Downing argued that Gensler’s approach stifled U.S. fintech leadership and contributed to the rise of meme coins. The SEC, under new leadership during the Trump administration, has moved away from…
Thailand to Combat Crypto Crime with New Regulations on Foreign P2P Services
Key Takeaways: New blacklist system prevents flagged crypto wallets from conducting any further transactions. Social media platforms now face legal consequences for enabling crypto-related cybercrime. Digital asset firms must implement banking-level security while offering faster fraud remediation. Thailand’s Cabinet has approved major amendments to tighten regulations on digital asset crimes. The changes, which specifically target…
Magic Eden Acquires Slingshot, Steps Away From NFT Focus
Non-fungible token (NFT) marketplace Magic Eden says it has acquired crypto trading app Slingshot. According to the press release shared with Cryptonews, this acquisition will enable Magic Eden to move away from being an NFT and digital asset platform. Instead, it plans to become “the most extensive and all-encompassing trading platform in crypto.” The announcement…
China Hits Back With 84% Tariffs on U.S. Goods, Bitcoin Drops to $76K
Key Takeaways: China’s latest tariff hike is in direct response to the U.S. imposing higher tariffs on Chinese goods. Tariff increase caused a drop in Bitcoin’s value, falling below $76,000, as markets reacted to fears of a prolonged trade conflict. Both traditional and crypto markets are experiencing heightened volatility, with investors concerned about the potential…
Trump Hikes China Tariffs to 125%, Grants 90-Day Delay for Other Nations
Global markets responded sharply after President Donald Trump announced a major escalation in his trade stance toward China, while offering a temporary reprieve to other countries. Bitcoin is trading at $81,636 up 5.6% in 24 hours following the announcement. In a post on his Truth Social platform, Trump declared that tariffs on Chinese imports would…
The Warren Buffett Play in Crypto? Best Wallet Secures $11.6M to Lead the Next Market Cycle
Let’s face it – the market’s down, and there’s a real risk it could go lower. But the ones who thrive in crypto aren’t those who panic – they’re the ones who build, stack, and prepare for the next leg up. Because if there’s one thing that’s always been true about this space, it’s that…
Smart Money’s AI Shift: From Hype to Utility – MIND of Pepe Is Built for the Next Phase as Presale Nears $7.9M
In every cycle, the story shifts. First comes the hype – then comes the filter. Crypto AI exploded in early 2024 – flooding the market with tokens claiming to revolutionize everything from AI art tools to text generation. But smart money doesn’t chase noise – it looks for edge, infrastructure, and utility. Now, as capital…