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EU markets watchdog warns of crypto-related financial stability risks
The European Unions securities watchdog warned on Tuesday that problems in the cryptocurrency industry could pose risks to broader financial stability in future, as the sector grows and as ties between it and traditional financial markets increase. The appeal for caution from the European...

Dollars costlier despite ample reserves
Bangladeshs dollar market has brought some relief with sufficient reserves. There is no significant dollar shortage in the foreign currency market at present. The demand for the greenback also mounted. Over the past two months, the number of Letters of Credit (LCs) increased, and dollar supply...

Hollywood filmmaker Rinsch charged with defrauding Netflix of $11 million
Hollywood filmmaker Carl Erik Rinsch has been charged with defrauding Netflix of $11 million in connection with a science fiction TV series that was never completed. Rinsch, best known for directing the 2013 film 47 Ronin, is accused of using Netflixs funds for personal expenditures rather than...

Trump establishes Bitcoin reserve as digital Fort Knox
President Donald Trumps recent executive order has led to the creation of a Strategic Bitcoin Reserve in the United States, signaling strong support for the cryptocurrency sector. White House crypto chief David Sacks has compared the reserve to a digital Fort Knox, likening it to the way gold bars...

Thai man arrested for laundering money for call centre scam gangs
A Thai man has been arrested for laundering money for more than 70 call centre scam gangs, according to the Technology Crime Suppression Division (TCSD). The suspect, who remains unnamed, was apprehended at his residence in Mae Fah Luang district, Chiang Rai, after returning from Poipet to escape...

FBI says N. Korea behind $1.5bn theft in cryptocurrency
FBI said that North Korea was behind the theft of approximately $1.5bn in virtual assets from a cryptocurrency exchange, reports the Guardian. The theft is being described as the biggest heist in history. The haul, though reportedly devalued, surpassed the previous $1bn record stolen by Saddam...

Hong Kong, Singapore lead Asia’s crypto resonance
Hong Kong and Singapore are at the forefront of Asias push to become cryptocurrency hubs, capitalising on a global resurgence in the sector, fueled in part by support from US presidential frontrunner Donald Trump. Bitcoin recently surged to nearly $110,000, with other cryptocurrencies also...

Crypto exchange Bybit loses $1.5 billion in record hack
Dubai-based cryptocurrency exchange Bybit reported on Friday that hackers stole $1.5 billion worth of digital assets in what marks the largest crypto theft in industry history, reports BSS. Bybit CEO and founder Ben Zhou addressed the hack during an online chat, assuring users that your funds...

Argentina’s Milei faces impeachment threat over crypto controversy
Argentinas opposition lawmakers are considering impeachment proceedings against President Javier Milei after his endorsement of a controversial cryptocurrency led to accusations of misconduct. On Friday, Milei promoted the LIBRA crypto token on X (formerly Twitter), triggering a surge in its...

Man who lost $800 million in Bitcoin in landfill wants to buy dump
Buried deep in a Welsh landfill, beneath layers of years-old trash, lies a hard drive that could unlock almost $800 million worth of bitcoin or so James Howells believes, after accidentally discarding the drive in 2013, CNNs Lianne Kolirin reported this on Friday. Now, after years of legal...

Crypto giant Binance faces investigation in France for money laundering, tax fraud
French authorities have launched a judicial investigation into Binance, the worlds largest cryptocurrency exchange, citing allegations of money laundering, tax fraud, and illegal operations, some linked to drug trafficking. The probe spans offences from 2019 to 2024, including violations in France...