Why Did OFAC Target BitBank? The U.S. Treasury Department has sanctioned Iranian cryptocurrency exchange BitBank, alleging the platform was used to transfer hundreds of millions of dollars in bitcoin to the Islamic Revolutionary Guard Corps.The Office of Foreign Assets Control designated BitBank on September 17 alongside its software developer, Pishtaz Simorgh Electronic Trade Company, and
Moscow Exchange will launch perpetual-style futures linked to five major cryptocurrencies on September 22, expanding regulated digital-asset exposure for qualified Russian investors without allowing them to take possession of the underlying tokens.The new contracts will track Moscow Exchange indexes for Bitcoin, Ether, Solana, XRP and Tron, the exchange announced on September 16. They will be
There is an important limitation to the “everything-exchange” story.The front end may be converging faster than the financial system behind it.Coinbase’s U.S. stock offering, for example, is provided through Coinbase Capital Markets, its broker-dealer, while crypto services are provided separately. Stocks can appear beside crypto in the application and customers can move between them relatively
Hackers claiming responsibility for the recent Revolut data breach have demanded approximately $3 million in Monero and imposed a 24-hour deadline, escalating an incident that exposed sensitive information belonging to hundreds of the fintech company’s customers.The group, calling itself “iamnotavillain,” published the ultimatum on a website alongside a countdown clock on September 16, according to
Crypto venture-capital investment rebounded sharply during the second quarter of 2026, with investors deploying $5.68 billion into private cryptocurrency and blockchain companies as larger, later-stage financing rounds revived funding activity.Capital invested increased 31% from the previous quarter, while the number of completed transactions rose 10% to 384, according to Galaxy Research’s quarterly venture report published
Securities and Exchange Commission Chair Paul Atkins has said the U.S. government will continue delivering regulatory clarity for crypto “with or without” new legislation, signalling that the agency intends to use its existing authority even after Congress failed to advance the CLARITY Act. Atkins made the remarks on September 14 at the Solana Policy Institute
Kraken parent Payward plans to offer eligible U.S. clients access to new perpetual futures markets built on Hyperliquid’s blockchain, combining onchain execution with a regulated U.S. derivatives structure.The company said on September 16 that it intends to begin with Hyperliquid’s HIP-3 framework, which allows third parties to deploy and administer their own perpetual futures markets.
The United Kingdom’s new crypto regulatory framework will bring digital asset businesses under a much broader Financial Conduct Authority regime, but it will not automatically force banks to relax restrictions on customers sending money to cryptocurrency exchanges.The FCA published final perimeter guidance on September 16 explaining which crypto activities will require authorisation under the Financial
Why Is Celsius Suing BitMEX Six Years Later? The Celsius Network bankruptcy estate is seeking the return of more than 6,360 bitcoin from BitMEX, alleging that the crypto derivatives exchange wrongfully liquidated leveraged trades during the violent market crash of March 2020.Blockchain Recovery Investment Consortium, the litigation administrator appointed in the Celsius bankruptcy, filed the
How Does the Justin Sun Prize Work? TRON founder Justin Sun has launched a mathematics prize offering rewards of up to $1 million for solving selected problems and producing machine-verifiable proofs, with OpenAI receiving the inaugural top award.The Justin Sun Prize is built around a publicly maintained list of mathematical problems rather than academic nominations,