FTX users fight to unlock $2.2B in still-disputed bankruptcy claims
FTX users are disputing $2.2B in unresolved bankruptcy claims as the exchange’s recovery trust begins repayments. Creditors face delays, KYC issues, and uncertainty over Chinese claims.
India CBI Busts Transnational Cybercrime Ring, Seizes $327K in Crypto – Decrypt
India’s CBI arrested Rahul Arora in Delhi, seizing $327K in crypto and $26.4K in cash from a transnational cybercrime ring targeting US and Canadian victims using spoofing tools.
BOK Governor Likely to Discuss Won-Backed Stablecoin Issuance
BOK Governor Rhee Chang-yong will meet Korean bank presidents to discuss Won-based stablecoin issuance amid political pressure, following a recent bill to legalize stablecoins by local firms.
The Stablecoin Adoption Train Never Stops: Here’s the Best Wallet for the Job
Global stablecoin adoption is accelerating as regulators and central banks take action. Best Wallet offers secure, user-friendly stablecoin storage with advanced features and $BEST token rewards.
Crypto Industry Raise Concerns Over CLARITY Act Amendment
Crypto industry leaders express concerns over a new amendment to the CLARITY Act, fearing it grants the SEC excessive authority and reintroduces regulatory uncertainty.
Connecticut Flips State Bitcoin Reserve Trend, Bans All Government Crypto Investments – Decrypt
Connecticut has passed the strictest U.S. crypto law, banning all government crypto investments and mandating fraud warnings for businesses, contrasting with 16 states pursuing Bitcoin reserves.
Ukraine Drafts Bill to Let Central Bank Hold Bitcoin in National Reserves
Ukraine’s draft bill proposes allowing the central bank to hold Bitcoin and other cryptocurrencies in national reserves, giving the NBU discretion over timing and allocation.
Digital Asset Market Clarity Act moves to House floor with bipartisan backing
The Digital Asset Market Clarity Act, proposing a regulatory framework for U.S. digital assets, advances to the House floor with bipartisan support, defining roles for SEC and CFTC.
FTX continues to exclude Nigeria and China in remaining creditor repayments but includes Payoneer
FTX adds Payoneer as a creditor repayment option but continues to exclude Nigeria and China. The exchange has repaid $7 billion to creditors, with smaller claims fully repaid. Larger creditors face limits, and key markets remain sidelined.
UK FCA Creates New Deputy Chief Executive Role to Oversee Regulation of Stablecoin and Crypto Firms – News Bytes Bitcoin News
The UK FCA has appointed Sarah Pritchard as Deputy Chief Executive to oversee expanded responsibilities, including stablecoin and crypto firm regulation.
