According to Google’s Threat Intelligence Group (GTIG), North Korea-linked tech operatives are broadening their infiltration of global blockchain companies, with a noticeable shift toward targeting firms in the United Kingdom and Europe. The move follows heightened scrutiny from U.S. authorities, which has pushed many of these actors to seek employment beyond American borders. These operatives…
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SMBC Parent Sumitomo Mitsui Plans Stablecoin Launch with Ava Labs and Fireblocks
Sumitomo Mitsui Financial Group (SMFG), the parent company of Japan’s second-largest bank SMBC, is preparing to launch a stablecoin in partnership with blockchain firm Ava Labs and crypto infrastructure provider Fireblocks, according to a report by Nikkei on Tuesday. Ava Labs, the developer behind the Avalanche blockchain, is expected to build the technological foundation for…
South Korean Investor Faces Fine for Assaulting Delio CEO Over Lost Crypto Funds
A South Korean investor has been fined for attacking the CEO of bankrupt crypto lender Delio, marking yet another instance of escalating tensions between defrauded investors and crypto executives in the country. The new case reflects the growing frustration among investors who have suffered massive losses due to the collapse of major crypto lending platforms…
Coinbase Receives 50% of Circle’s USDC Reserve Revenue, IPO Filing Reveals
Coinbase Global is entitled to half of the residual revenue generated from reserves backing Circle’s USDC stablecoin, according to new disclosures in Circle’s S-1 filing with the U.S. Securities and Exchange Commission. The filing, submitted Tuesday, offers a rare glimpse into the financial arrangement between two of the biggest players in the stablecoin market. Circle…
GameStop Completes $1.5B Convertible Note Sale, Plans to Add Bitcoin to Treasury
GameStop has wrapped up a $1.5 billion convertible senior note sale, confirming plans to use part of the proceeds to purchase Bitcoin for its corporate treasury. The video game retailer disclosed the move in a filing with the U.S. Securities and Exchange Commission (SEC) on Tuesday. The offering, originally announced last week with a $1.3…
Two Crypto-Friendly Republicans Win Florida Special Elections
Crypto political action committee (PAC) Fairshake-backed Republicans have secured US House seats after winning special congressional elections in Florida. Two pro-crypto candidates Jimmy Patronis and Randy Fine have secured victories in Florida’s 1st and 6th Congressional Districts. Though these districts have been led by Republicans for three decades, there has been a substantial decrease in…
Crypto Prices in Flux Ahead of Trump’s ‘Liberation Day’ Tariffs
Cryptocurrency markets are on edge as traders brace for the rollout of former President Donald Trump’s so-called “Liberation Day” tariffs, scheduled for Wednesday and Thursday. Bitcoin prices rose modestly on Tuesday, but analysts say the outlook remains highly uncertain. Shivam Thakral, CEO of India’s crypto exchange BuyUcoin, said in a note to Cryptonews that Trump’s…
UK Trade Associations Urge Special Crypto Envoy Appointment and Action Plan
A coalition of leading UK trade associations has called on Prime Minister Keir Starmer’s government to appoint a special envoy for crypto and develop a comprehensive action plan to support the digital assets and blockchain sector. In a recent letter addressed to Varun Chandra, Starmer’s special adviser on business and investment, six UK digital economy…
Sony Singapore Integrates USDC Payments Through Crypto.com
Sony’s online store in Singapore now lets shoppers pay with USDC, following a new integration with Crypto.com. Starting this week, those browsing the Sony Store Online in Singapore can now pay in USDC, a stablecoin pegged to the US dollar, using Crypto.com Pay. The move, announced on Wednesday by Sony Electronics Singapore (SES) and Crypto.com,…
US SEC, Gemini File Joint Motion to Pause Civil Legal Battle for 60 Days
Billionaire Winklevoss twins may soon resolve a civil case with the US SEC over its unregistered Gemini Earn lending program. Gemini Trust and the Securities and Exchange Commission (SEC) have jointly filed a motion on Tuesday, requesting to push all deadlines in the case for 60 days. The time requested would allow the parties to…