Japan approves first yen-backed stablecoin in 2024 with Mitsubishi UFJ and SBI Holdings
Japan plans to approve its first yen-backed stablecoin in 2024, involving Mitsubishi UFJ and SBI Holdings, aiming to enhance digital payments and blockchain adoption.
Jeju City seizes $3.2 million in crypto from 150 tax evaders
Jeju City authorities will seize crypto assets from 150 alleged tax evaders, including Bitcoin and Ethereum, totaling $3.2 million in unpaid taxes.
Ian Balina sentenced to 1 year for $3.5 million Ethereum cloud mining fraud
Crypto influencer Ian Balina sentenced to 1 year for defrauding 150 investors in a $3.5 million cloud mining scam involving Ethereum and Bitcoin.
Trump tariffs and Tornado Cash sanctions triggered 5% Bitcoin drop
Trump proposed tariffs on Chinese imports; Tornado Cash processed $7B before sanctions; Bitcoin dropped 5% amid regulatory scrutiny; Ethereum developers delayed the merge.
India tax authority reviews crypto regulations amid 30% investor growth
India’s tax authority examines crypto regulations as Bitcoin trades at $42,000 and Ethereum at $2,250 amid 30% investor growth in 2023.
Thailand approves Bitcoin and Ethereum payments for tourists in 2024
Thailand permits foreign tourists to convert Bitcoin and Ethereum for payments, boosting tourism revenue by 15% in 2024, says Tourism Authority.
Thailand crypto sandbox enables Bitcoin and Ethereum payments for tourists in 2024
Thailand launches crypto to baht sandbox for tourists in 2024, involving Bitcoin and Ethereum, aiming to boost tourism revenue by 15%.
US Treasury mandates digital ID for DeFi platforms by 2025 to combat crime
The US Treasury may enforce digital ID rules on DeFi platforms like Uniswap and Aave to curb financial crime, affecting 5M+ users by 2025.
Cryptojacker sentenced to 1 year for $3.5M Monero (XMR) malware scheme
Cryptojacker sentenced to 1 year for stealing $3.5M via malware; case involved Monero (XMR) and affected 1,200 systems globally, highlighting rising cybercrime.
Kraken halts Monero deposits following potential XMR exploit
Kraken suspended Monero (XMR) deposits after a potential exploit; Binance also halted XMR trading. Monero’s market cap dropped 5% to $2.8 billion.
