Kenya has moved to procure a blockchain surveillance platform capable of tracking transactions across more than 20 blockchain networks as the country prepares to supervise licensed crypto businesses under its new virtual assets law. Summary Kenya plans to deploy blockchain surveillance software as it prepares to regulate licensed crypto businesses. The proposed platform would track…
AngelList will stop supporting crypto payments for investment funding at the end of July. Summary AngelList will pause crypto investment funding, pushing users toward ACH and wire transfer options. The change affects USDC, USDT, DAI, and ETH payments, but not existing investments. Ripple bought Rail for $200 million to expand enterprise stablecoin payments and global…
PI has plummeted by over 7% in the past day and has lost the $0.11 support. The Core Team behind the controversial project continues to improve the user experience, and the latest set of updates is focused on the Pi App Studio. However, it appears that the native token’s current situation cannot be positively…
Vanguard is hiring a head of digital assets as the asset manager builds a broader strategy for blockchain-based finance. Summary Vanguard’s new role covers tokenization, stablecoins, custody, settlement, blockchain infrastructure, and client-facing products. The hiring follows years of caution toward crypto ETFs and direct digital asset exposure. Tokenized funds are growing as BlackRock, Franklin Templeton,…
With BTC reclaiming the $60,000 level on July 1, market experts believe the plunge may have been a failed breakdown rather than a sustained leg lower. On-chain data has confirmed that June was a painful month for bitcoin (BTC), but beyond the price weakness, both spot demand and institutional flows faltered. Due to last…
Bitcoin Suisse has secured full regulatory approval in Abu Dhabi, allowing the Swiss crypto firm to expand its regulated digital asset business across the United Arab Emirates. Summary Bitcoin Suisse has secured a full ADGM license, allowing it to offer regulated crypto services across the UAE. The approval follows the firm’s recent MiCA license in…
BonkDAO says it has alerted law enforcement about the treasury drain and is coordinating with exchanges to manage the situation. An anonymous wallet spent $4.4 million buying BONK tokens over two days, then used that stash to push through a governance vote that allowed it to drain $21.2 million from the BonkDAO treasury. The…
Kraken has secured a $22 million arbitration award against its former auditor Mazars USA, with co-CEO Arjun Sethi linking the dispute to what he described as Operation Chokepoint 2.0. Summary Kraken secured a $22 million arbitration award against former auditor Mazars over its withdrawn 2022 audit. Co-CEO Arjun Sethi linked the dispute to Operation Chokepoint…
XRP Ripple has reclaimed the top spot on Upbit, South Korea’s largest cryptocurrency exchange, with $52.33M in 24-hour trading volume, outpacing Bitcoin at $42.14M and Ethereum at $24.30M on the same venue. Roughly 10% of Upbit’s entire $493.74M daily crypto exchange volume was in XRP while the two largest coins by global market cap finished…
Nigel Farage has resigned as a Member of Parliament after confirming he will seek re-election in a by-election while facing scrutiny over multimillion-dollar gifts from figures linked to the crypto industry. Summary Nigel Farage has resigned as MP and will contest a Clacton by-election while parliamentary investigations continue. Farage denies wrongdoing over multimillion-dollar gifts linked…
