In brief AUSTRAC has fined crypto exchange Cointree for failing to submit suspicious matter reports within required timeframes. The exchange self-disclosed the reporting lapses and is taking steps to improve internal compliance systems. AUSTRAC CEO Brendan Thomas said timely reports are critical to fighting financial crime and warned non-compliant firms face tougher enforcement. Australia’s financial … Read more
A1 Abraaj Restaurants Group has become the first publicly traded company in the Middle East to adopt bitcoin as a treasury reserve asset, signaling a major shift in regional finance. Bahrain’s A1 Abraaj Embraces Bitcoin for Crypto Treasury In a regional first, Bahrain-based A1 Abraaj Restaurants Group (Bahrain Bourse: ABRAAJ) has officially adopted bitcoin as … Read more
In a recent discussion with Bloomberg, Ken Griffin, the CEO of Citadel, voiced his apprehensions regarding Donald Trump’s economic strategies, particularly his plans to bring manufacturing back to U.S. soil. Griffin argued that these measures might instigate inflationary pressures, warning against the potential negative consequences such policies could have on the nation’s economy. He emphasized … Read more
In brief According to an SEC filing, Wisconsin sold its entire $300M stake in BlackRock’s Bitcoin ETF in early 2025. The sale came amid rising U.S.-China trade tensions and sweeping tariffs from the Trump administration. Crypto markets tumbled, with Bitcoin falling below $75,000 and Ethereum dropping to two-year lows as trade fears grew. The State … Read more
Blockchain gaming user activity dipped and funding slowed in April, but the overall ecosystem is healthier and maturing, according to blockchain analytics platform DappRadar. User activity dropped 10% over April, with blockchain gaming reaching a 2025 low of 4.8 million daily Unique Active Wallets, DappRadar analyst Sara Gherghelas said in the platform’s April Games Report. … Read more
On May 16th, COINOTAG reported that **Remixpoint**, a **publicly traded** company in Japan, has expanded its **Bitcoin** portfolio by acquiring an additional 32.83 BTC. This strategic move elevates its total **Bitcoin holdings** to 648.82 BTC, reflecting a significant commitment to cryptocurrency investment. The total **market valuation** of these assets now stands at approximately **9.91 billion … Read more
Ethereum layer-2 scaling platform Starknet has reached a decentralization milestone laid out by Ethereum co-founder Vitalik Buterin and is now the largest zero-knowledge rollup-based network by total value locked. Starknet said in a press release shared with Cointelegraph that it has hit “Stage 1” decentralization, according to a framework Buterin laid out in 2022, which … Read more
As more and more businesses are impacted by tariff volatility, some executives, like Ridhima Kahn, vice president of business development at Dapper Labs, are viewing the assault on the cost of physical goods as another use case for digital markets powered by blockchain to shine. “I’m seeing a lot of brands rethinking where revenue and … Read more
Sonic Labs CEO Michael Kong announced that the Singapore High Court has approved the liquidation of Multichain Foundation, appointing KPMG’s Singapore branch as liquidators. Multichain’s Refusal to Cooperate Forced Sonic Labs’ Hand Sonic Labs CEO Michael Kong said the Singapore High Court has approved his firm’s application to liquidate Multichain Foundation. Kong revealed that the … Read more
Key Points: Sichuan authorities disclose forex-crypto operation case in Chengdu. 3.9 billion yuan involved in cross-border transactions. 21 suspects arrested, signaling increased regulatory scrutiny. Sichuan Public Security Bureau revealed operations involving illegal cross-border forex and crypto transactions since August 2021 in Chengdu, arresting 21 individuals. This reflects enhanced measures against financial misconduct in China. Amid … Read more