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Coinme Hit With $300,000 Penalty in California’s First DFAL Enforcement Action

The California Department of Financial Protection and Innovation (DFPI) announced today that it has entered into a consent order with Seattle-based Coinme, Inc. This marks the first enforcement action under the state’s Digital Financial Assets Law (DFAL). California Cracks Down on Coinme Coinme, which operates crypto kiosks in grocery and convenience stores across California, was […]

Unsuspecting Elderly Widow Loses $281K in a Romance Scam: The Dark Side of Crypto

In an effort to curb the misuse of cryptocurrency ATMs, Australian authorities have identified 90 individuals, many of them scam victims or unwitting money mules, following a months-long investigation led by AUSTRAC’s cryptocurrency taskforce. The operation was conducted in collaboration with federal and state law enforcement agencies and marks a significant step in understanding how […]

World Liberty Financial Sees Strong Interest in WLFI as Treasury Asset: Report

The Donald Trump-affiliated DeFi project, World Liberty Financial, is receiving considerable interest from public companies that want to hold its native WLFI token as a treasury asset, according to a recent report. Co-founder Zak Folkman revealed this during his Wednesday speech at the Permissionless conference in New York, where he also announced the release of […]

$1 Billion Filing by Bakkt Hints at Bitcoin Treasury Ambitions

Bakkt Holdings has filed a shelf registration with the US Securities and Exchange Commission (SEC) to raise up to $1 billion through a variety of securities offerings while considering Bitcoin purchases for its corporate treasury. The digital asset platform, backed by Intercontinental Exchange, outlined in its Form S-3 filing that it could issue common and […]

World Chain Launches Priority Blockspace for Humans to Support 13M Verified Users

OpenAI CEO Sam Altman’s crypto-tied digital identity project, World, formerly known as Worldcoin, has launched “Priority Blockspace for Humans” (PBH) on its World Chain mainnet. The new infrastructure is designed to prioritize transactions from verified human users, marking a shift away from traditional gas fee bidding mechanisms. Priority Blockspace for Humans According to a press […]

Ex-Blackstone Exec, Tether Co-Founder to Launch $1B Crypto Reserve SPAC

A Bloomberg report has revealed that former Blackstone Inc. executive Chinh Chu and Reeve Collins, co-founder of stablecoin giant Tether, are teaming up to raise $1 billion for a listed crypto vehicle that aims to build a portfolio of digital assets. The capital is being raised through M3 Brigade Acquisition V Corp, a Special Purpose […]