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Circle Halts IPO Plans Amid Market Turmoil Following Trump's Trade Tariffs
Major stablecoin issuer Circle has suspended its IPO plans due to market instability triggered by Trump's new trade tariffs. The decision reflects growing concerns across crypto and traditional markets as investors grapple with recession fears and potential economic impact of escalating trade tensions.
House Republicans Advance Bill to Block Federal Digital Dollar Development
The House Financial Services Committee has approved legislation preventing the Federal Reserve from creating a central bank digital currency (CBDC), citing privacy concerns. The CBDC Anti-Surveillance State Act, led by Rep. Tom Emmer, aims to protect citizens from potential government surveillance of financial transactions.
Cryptocurrency Investment Scams: Sophisticated Criminals Target Digital Asset Investors
Criminal networks are orchestrating elaborate cryptocurrency investment scams, targeting young professionals and tech-savvy individuals through social media platforms. Law enforcement warns of fraudsters using fake success stories and deceptive applications to lure victims before vanishing with their funds.
SEC Engages with BlackRock and Industry Leaders on Crypto ETF Regulatory Framework
The SEC's Crypto Task Force held strategic meetings with BlackRock and the Crypto Council for Innovation to discuss cryptocurrency ETP regulations and staking models. These discussions mark a significant step in developing clear guidelines for crypto financial products while addressing technical and legal considerations.
US Treasury Cracks Down on Crypto Wallets Tied to Terrorism and Money Laundering
The US Treasury Department has sanctioned eight cryptocurrency wallets linked to Russian exchange Garantex and Yemen's Houthi movement after discovering nearly $1 billion in suspicious transactions. The crackdown highlights cryptocurrency's growing role in financing terrorism and signals increased regulatory scrutiny of both centralized and decentralized platforms.
PayPal Expands Crypto Portfolio with Addition of Solana and Chainlink Trading
PayPal broadens its cryptocurrency offerings by adding Solana and Chainlink trading for US customers, joining its existing lineup of digital assets. The expansion reflects PayPal's growing commitment to crypto services since 2020, now serving 36 million merchant accounts.
Trezor Suite Expands with OTC Trading for High-Volume Investors
Trezor enhances its cryptocurrency management platform with Over-the-Counter trading capabilities for transactions starting at €50,000. This strategic move enables institutional investors to execute large trades privately while maintaining security through Trezor's hardware wallet integration.
Fake Android Phones Found Preloaded with Cryptocurrency-Stealing Malware
Kaspersky Labs uncovers thousands of counterfeit Android devices containing pre-installed Triada Trojan malware targeting cryptocurrency wallets and personal data. The sophisticated malware has already enabled theft of over $270,000 in crypto assets while being extremely difficult to detect and remove.
Kraken Secures Regulatory Approval in Canada, Appoints New North America GM
Cryptocurrency exchange Kraken obtains Restricted Dealer registration from Ontario regulators while announcing new leadership. The milestone enables continued Canadian operations under regulatory oversight, as the exchange reports doubled growth and $2B CAD in managed assets.