Ireland Fines Coinbase €3.25M Over Mishandled Customer Funds
Coinbase Ireland faces a €3.25 million fine over safeguarding and outsourcing breaches, pending court approval. Coinbase says no customers lost funds.
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Bybit Eyes US Entry Through Partner Instead of Going It Alone
Bybit CEO Ben Zhou outlines plans for a US entry through a local partner while weighing UK expansion and a broader European trading app.
China Seeks to Seize 61,800 Bitcoin From $5.7B Fraud Scheme
Chinese prosecutors seek confiscation of 61,800 Bitcoin linked to an alleged $5.7 billion fraud as victims pursue recovery through Chinese and UK courts.
Switzerland Approves First Retail Spot Bitcoin ETF
FINMA approves Switzerland’s first retail spot Bitcoin ETF under Swiss fund law, requiring custody safeguards and disclosures while warning of volatility.
Germany's Largest Banking Group Finally Opens Door to Crypto Trading
Germany’s savings banks have introduced crypto trading with a big warning, five coins and no self-custody. 30-40 banks join each month.
UK Sanctions Five Crypto Platforms Tied to Russia's War Funding
The UK has sanctioned three exchanges and two payment platforms over ties to Russia. Three are Kyrgyz, one owned by the finance ministry.
X Sues Two UK Users Over $277K Creator Payout Scheme
X has sued two UK residents over alleged coordinated account activity, seeking £207,384 in creator payouts and at least £75,000 in related costs.
Bank of England Gets Legal Duty to Back Stablecoin Innovation
The UK's central bank is set to be given a new legal duty to support stablecoin innovation, with the amendment expected to land in the House of Lords this week.
2 Million UK Investors Gain Access to Bitcoin and Ether ETNs
Hargreaves Lansdown has listed nine bitcoin and ether ETNs from BlackRock, Bitwise, and other issuers, opening crypto exposure to two million clients.
Kraken's xStocks to Bring 100 Top UK Stocks Onchain
The London Stock Exchange and Kraken parent Payward will tokenize the 100 largest UK-listed stocks through the xStocks blockchain platform.
Polygon Joins Bank of England's Digital Pound Settlement Trial
On Wednesday, the Polygon Foundation announced via X that they have been selected to participate in the Bank of England’s Digital Pound Lab, with NOBO and Dun & Bradstreet.
CFTC Invokes Emergency Power to Keep Kalshi Operating in New York
The CFTC has ordered Kalshi to continue operating in New York as the state challenges its sports prediction contracts under gambling laws.