$649B stablecoin transfers linked to illicit activity in 2024: Report
Cryptocurrency compliance firm Bitrace found that $649 billion worth of stablecoins flowed through addresses classified as high-risk in 2024, according to an April 29 report. […]
Month: April 2025
UK gov’t proposes crypto rules in response to scams
The United Kingdom’s Treasury and Chancellor of the Exchequer, Rachel Reeves, have proposed new crypto rules aimed at “support[ing] innovation while cracking down on fraudsters.” […]
Beijing to invest in blockchain, integrate into infrastructure
The Beijing city administration has announced a plan for local blockchain development and implementation over the next two years. According to an April 29 announcement, […]
Circle gets Abu Dhabi regulatory nod to expand in Middle East
USDC stablecoin issuer Circle has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), the company […]
Bitcoin miner Phoenix Group adds 52 MW of mining capacity in Ethiopia
Bitcoin mining firm Phoenix Group announced the addition of 52 megawatts (MW) worth of mining capacity to its capabilities in Ethiopia. According to an April […]
Trump’s first 100 days ‘worst in history’ despite crypto promises
The first 100 days of the administration of US President Donald Trump have deeply impacted the crypto industry, starting with his own memecoin and culminating […]
A16z leads $25M funding for Miden blockchain project
A16z Crypto led a $25 million investment round into Miden, an independent blockchain project spun out of Polygon Labs. Miden closed its $25 million seed […]