Tag: ENS

HTX has been pulled into one of the most serious crypto sanctions stories of the year after the UK designated the exchange under Russia-related sanctions rules and TRM Labs linked the case to more than $1.5 billion in alleged flows involving sanctioned entities. TL;DR The UK designation targets correspondent banking and payment relationships. TRM Labs…

While the BTC price has slipped below $65,000, on-chain data shows large investors have continued to increase their holdings, suggesting confidence despite recent market weakness. At the same time, investors are closely monitoring the June 17 FOMC meeting and comments from newly appointed Fed Chair Kevin Warsh for clues about the future direction of monetary…

Circle has launched cirBTC on Ethereum, giving the stablecoin issuer a direct entry into the wrapped Bitcoin market and setting up a new challenge to existing BTC-backed DeFi assets. TL;DR cirBTC is live on Ethereum and backed 1:1 by Bitcoin. Circle says the asset uses segregated custody and Chainlink Proof of Reserve. The product is…

A bipartisan congressional compromise has put the digital dollar debate back in focus, with lawmakers moving forward on a package that would block the Federal Reserve from issuing a central bank digital currency until December 31, 2030. TL;DR The CBDC ban is part of a broader legislative compromise. The measure would block Fed CBDC issuance…

Illinois has opened a new front in state-level crypto regulation after Governor J.B. Pritzker signed a budget package containing the Digital Asset Tax Act, a measure industry groups are already attacking as one of the harshest crypto transaction taxes in the United States. TL;DR The law introduces a 0.2% privilege tax on digital asset broker…