Ukraine arrests man for breaching hosting accounts to mine crypto
Ukrainian police arrested a 35-year-old man for hacking 5,000 hosting accounts to mine cryptocurrency, causing $4.4M in losses. Equipment and crypto wallets were seized during the investigation.
China Eyes Faster De-Dollarization With SCO Leadership – Economics Bitcoin News
China is accelerating de-dollarization efforts through its SCO presidency, promoting national currencies and reducing USD reliance in Eurasian economic cooperation.
Brazil’s central bank plans to use CBDC data to guide interest rate decisions
Brazil’s central bank will use CBDC transaction data from Drex to guide interest rate decisions, analyzing real-time economic activity while preserving privacy through hashed identifiers.
USDC Issuer Circle Debuts on NYSE at $31 Per Share, Valuing Stablecoin Firm at $6.2 Billion
Circle, issuer of USDC stablecoin, debuted on NYSE at $31 per share, valuing the firm at $6.2B. The IPO raised $1.1B, exceeding expectations amid strong demand for crypto-related stocks.
Suspect in French Crypto Kidnappings Arrested in Morocco
Moroccan authorities arrested a suspect linked to crypto kidnappings in France. The 24-year-old French-Moroccan was detained in a joint operation. French officials thanked Morocco for their cooperation in the case.
Moroccan police arrests suspect behind recent crypto-related kidnappings in France
Moroccan police arrested a dual-national man linked to crypto-related kidnappings in France. The suspect faces charges including organized crime and extortion, with trials to proceed in Morocco.
JPMorgan CEO Warns US Dollar Could Lose Reserve Status Without Reform – Economics Bitcoin News
JPMorgan CEO Jamie Dimon warns that the US dollar could lose its global reserve currency status without domestic reforms, citing internal economic and political instability as key risks.
Stablecoin Giant Circle Raises $1.1B in IPO, Valued at $6.9B Ahead of NYSE Debut – Decrypt
Circle raises $1.1B in IPO at $31 per share, valuing the stablecoin issuer at $6.9B. USDC accounts for 29% of the stablecoin market. Listing coincides with advancing stablecoin regulation.
Russian Central Bank to Let Corporations Buy Foreign Stablecoins
The Russian Central Bank plans to permit corporations to buy foreign stablecoins, excluding USDT and USDC, with a public discussion open until June 15, 2025.
‘Unclaimed’ Bitcoin in California Could Be Seized—But There’s a Catch – Decrypt
California’s AB-1052 bill proposes seizing unclaimed crypto after 3 years of inactivity, but tokens would be held by a custodian for potential reclaim, not liquidated.
