South Korean police have dismantled a global hacking ring accused of stealing practically 39 billion gained ($28.1 million) from a few of the nation’s wealthiest and most high-profile figures, together with BTS member Jungkook. The Seoul Metropolitan Police Company’s Cyber Investigation Unit introduced on the twenty eighth that 16 suspects had been arrested, amongst them…
The Commodity Futures Buying and selling Fee’s (CFTC) Division of Market Oversight (DMO) introduced Thursday that it issued an advisory to supply “regulatory readability” for non-U.S.-based exchanges to permit Individuals to have “direct market entry” to their platforms, the regulator stated in a press launch. CFTC Points Landmark Advisory Based on the CFTC’s August 28…
The U.S. Commodity Futures Buying and selling Fee (CFTC) has unveiled a serious improve to its market oversight programs, adopting Nasdaq’s superior Market Surveillance platform to raised detect fraud, insider buying and selling, and manipulation throughout derivatives and digital asset markets. The system went stay on August 27, 2025, beneath the management of Performing Chair…
Treasury Secretary Scott Bessent confirmed on Monday that interviews will start after Labor Day to determine a successor to Federal Reserve Chair Jerome Powell, with 11 candidates into consideration. The method, overseen by President Donald Trump and his prime financial aides, may very well be a turning level for U.S. financial coverage because the White…
The previous week has seen a flurry of crypto coverage and regulatory strikes within the U.S., displaying each momentum and division in Washington. The Treasury Division is searching for public suggestions on the newly handed GENIUS Act, hailed by SEC Chair Paul Atkins as a “seminal” step, whereas Wyoming has made historical past with the…
AUSTRAC has directed Binance Australia to nominate an exterior auditor after figuring out “critical considerations” with the world’s largest crypto trade’s anti-money laundering (AML) and counter-terrorism financing controls. Investbybit Pty Ltd, Binance’s Australian arm, has 28 days to appoint exterior auditors for AUSTRAC’s consideration and choice following regulatory engagement throughout the precedence sector. World Alternate…
The US Justice Division won’t goal software program builders who create decentralized platforms for transmitting cryptocurrencies with out legal intent, a senior official mentioned on Thursday. Appearing Assistant Lawyer Basic Matthew Galeotti told a digital assets summit in Wyoming that writing pc code by itself shouldn’t be a criminal offense. “Our view is that merely…
The US Commodity Futures Buying and selling Fee (CFTC) has launched its subsequent “crypto dash” initiative, increasing to stakeholder engagement. Announced on Thursday, the company is searching for public enter on the way to higher regulate spot crypto buying and selling. Collectively, the @SECGov’s Venture Crypto and the @CFTC’s Crypto Dash are coordinating to reply…
Sen. Cynthia Lummis (R-WY) is seeking to have crypto market construction laws prepared for passage earlier than the 12 months’s finish, the Republican lawmaker mentioned on Wednesday. Sen. Cynthia Lummis Pushes for Thanksgiving Deadline Talking on the SALT Wyoming Blockchain Symposium 2025 on August 20, Lummis claimed that Congress “may have market construction [legislation] accomplished…
Robinhood Derivatives has taken authorized motion in opposition to regulators in Nevada and New Jersey, accusing the states of unfairly blocking its entry into the sports activities occasion contracts market regardless of current federal court docket rulings in favor of rival platform Kalshi. Key Takeaways: Robinhood sued Nevada and New Jersey regulators, alleging they blocked…