Despite the geopolitical tensions from the U.S. trade war causing a decline in most liquid tokens, venture capitalists continued to focus on the core utility of cryptocurrencies, particularly stablecoins. VCs’ Growing Positive View of Stablecoins Although the geopolitical tensions sparked by the U.S. trade war resulted in a quarter-long giveback of gains across most liquid […] Source CryptoX Portal
United Kingdom crypto companies will need to collect and report data from every customer trade and transfer beginning Jan. 1, 2026 as part of a broader effort to improve crypto tax reporting, the UK government said. Everything from the user’s full name, home address and tax identification number will need to be collected and reported for every transaction, including the cryptocurrency used and the amount moved, the UK Revenue and Customs department said in a May 14 statement. Details of companies, trusts and charities transacting on crypto platforms will also…
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…
Crypto entrepreneurs and their families in France will receive enhanced security measures amid a recent rise in crypto-related kidnappings in the country, Politico reported. According to the May 16 report, the measures include priority access to police emergency lines, home security assessments, and safety briefings from French law enforcement to ensure best practices are being followed. France’s Interior Minister Bruno Retailleau introduced the security measures as part of a broader effort to counter the recent wave of attacks. “These repeated kidnappings of professionals in the crypto sector will be fought…
At least one partner at Sequoia Capital was reportedly impacted by the recent data breach among Coinbase users, suggesting that data from others at the venture capital firm may also have been compromised. According to a May 16 Bloomberg report, Sequoia Capital Managing Partner Roelof Botha’s personal information available through his Coinbase account was stolen after a group of cybercriminals bribed the exchange’s support agents for access to user data. Though Botha had not publicly disclosed his net worth, estimates suggested he had hundreds of millions of dollars in assets.…
Coinbase has reportedly fired a group of customer support agents following their alleged involvement in social engineering attacks on users. The contracted agents were based in India. According to a May 15 Fortune interview, Coinbase’s chief security officer, Philip Martin, said the company flagged customer support contractors who allowed scammers access to user data, suggesting they could be Indian nationals. The CSO’s comments came after some crypto users reeled from attempted phishing attacks using their Coinbase data, which the exchange estimated could cost them between $180 million and $400 million…
A lag in Tether’s wallet blacklisting process allowed over $78 million in illicit funds to be moved before enforcement actions took effect, according to a new report from blockchain compliance firm AMLBot. In a May 15 report, AMLBot’s onchain investigation team explained that Tether’s address blacklisting becomes effective after a considerable delay from when the process is initiated on Ethereum and Tron. “This delay originates from Tether’s multisignature contract setup on both Tron and Ethereum, transforming what should be an immediate compliance action into a window of opportunity for illicit…
Armed assailants have reportedly attempted to kidnap the daughter and grandson of a crypto exchange executive in France. The news television network France 24 reports that four masked men attacked a couple and their child in broad daylight in Paris on Tuesday. Video footage shows that three of the perpetrators jumped out of a white delivery van to force the woman and her child into the vehicle. They also beat the woman’s partner, who tried to intervene. But the woman, the daughter of France-based crypto exchange platform Paymium CEO and…
As more European companies eye Wall Street for their debut listings, exchanges on the continent are mounting a counteroffensive. With IPO volumes already depressed, operators like Deutsche Boerse and Euronext are pressing to change the narrative that New York guarantees better value for newly public firms, Reuters reported. Citing a document circulated among German firms and IPO advisers, Deutsche Boerse cautions against the hype surrounding U.S. listings. It warns of weak post-IPO performance, steeper legal costs, and greater litigation risks tied to U.S. markets. Hype Surrounding US Listing The exchange…
Thailand’s Ministry of Finance reportedly plans to issue $150 million worth of digital investment tokens, allowing retail investors to buy government bonds. The Bangkok Post reported on May 13 that Finance Minister Pichai Chunhavajira announced the initiative at a briefing after the cabinet endorsed the plan. He added that the tokens will be launched within the next two months. The so-called “G-tokens” will be used to raise funds from the public under the current budget borrowing plan, said Patchara Anuntasilpa, director-general of the Public Debt Management Office. He added that…