United Kingdom crypto companies will need to collect and report data from every customer trade and transfer beginning Jan. 1, 2026 as part of a broader effort to improve crypto tax reporting, the UK government said.Everything from the user’s full name, home address and tax identification number will need to be collected and reported for…Read More

Hong Kong police arrested 12 people involved in a cross-border money laundering scheme that relied on crypto and over 500 stooge bank accounts to launder HK$118 million ($15 million), local news outlets reported.The syndicate was dismantled on May 15, resulting in the arrest of nine men and three women in mainland China and Hong Kong.…Read More

Today in crypto, Moody’s degrades US credit rating, Bitcoin’s next explosive move could send the asset to $250,000 by the end of 2025, according to analyst Scott Melker, and the co-founder of World Liberty Financial pushes back against US lawmakers’ attempts to probe potential conflicts of interest involving the president.Moody’s rating agency degrades US credit…Read More

Public internet infrastructure is the critical speed and performance constraint on high-throughput blockchain networks, according to Austin Federa, co-founder and CEO of DoubleZero, a project developing high-speed fiber optic communication rails for blockchains.”The downside of the public internet is it was never built for high-performance systems. It was always built for this sort of relationship…Read More

Moody’s credit rating agency downgraded the credit rating of the United States government from Aaa to Aa1, citing the rising national debt as the primary driver behind the reduction in creditworthiness.According to the May 16 announcement from the rating agency, US lawmakers have failed to stem annual deficits or reduce spending over the years, leading…Read More

THORChain plans a minor Mainnet upgrade to version 3.6.0, focusing on Rujira contract checksum updates, scheduled for May 22, 2025. (Read More)Read More

Gala Games introduces the Brock Moneyman Mystery Box featuring VEXI characters of varying rarity, offering a unique gaming experience. Limited supply available from May 15, 2025. (Read More)Read More

Gala Music unveils The Hot Box Mystery Box, featuring exclusive music NFTs, digital rewards, and surprise giveaways in collaboration with Metaflora and LionHeart Entertainment. (Read More)Read More

dYdX introduces isolated markets and isolated margin in its latest software update, expanding market options and improving risk management for traders. (Read More)Read More

Explore why stablecoins are set to revolutionize global payments, offering faster, cheaper transactions. Discover the potential impact on the financial system and regulatory challenges. (Read More)Read More