Authorities said the civil servant forged documents and used the mayor's seal to open a bank account, diverting funds for crypto investments.

Crypto users in the US missed out on billions worth of potential gains from airdrops due to geoblocking restrictions despite 22-24% of global crypto addresses belonging to US residents. According to a recent Dragonfly report, up to 5.

A company selling smartwatch face designs through non-fungible tokens has sued LVMH, accusing the luxury fashion conglomerate of patent infringement.In a March 10 complaint filed to a Texas federal court, Watch Skins Corporation alleged that LVMH misappropriated its “pioneering NFT display technology.” Watch Skins claimed it developed a unique system that allows users to display verified NFT artworks on smartwatches and holds multiple patents related to the technology.

Deutsche Börse is launching a crypto custody service through Clearstream, enabling institutional investors to securely store and settle cryptocurrencies. Deutsche Börse Announces New Crypto Custody Service Deutsche Börse Group announced on March 11 that its post-trade services arm, Clearstream, will launch a new crypto custody solution for institutional investors.

White House Crypto Summit Time Set With Trump Hosting

Crypto exchange Coinbase has received approval to offer crypto trading in India after it left the region due to regulatory issues.

The US House on Tuesday voted to repeal the IRS DeFi broker rule, with the Senate set to decide its future. The post US House Moves to Dismantle IRS DeFi Broker Regulation appeared first on Cryptonews.

Mesh, a blockchain payments network, has raised an undisclosed amount in its Series B round led by Paradigm, with participation from ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna, and AltaIR Capital. Most of the funding was settled in PayPals PYUSD stablecoin.

U.S. President Donald Trump to Sign Executive Order on Crypto Policy and Banking Access

California has shut down 42 fraudulent crypto websites, exposing a $6.5 million scam that drained victims of an average $146,306 each.

The US House of Representatives has voted in favor of nullifying a rule that would have required decentralized finance (DeFi) protocols to report to the Internal Revenue Service.On March 11, the House of Representatives voted 292 for and 132 against a motion to repeal the so-called IRS DeFi broker rule that aimed to expand existing IRS reporting requirements to crypto. All 132 votes to keep the rule were Democrats.

The U.S. House of Representatives voted 292-132 to overturn an IRS rule classifying crypto entities, including decentralized finance (DeFi) platforms, as brokers, requiring them to collect taxpayer and transaction data. This move follows a similar Senate vote, advancing a resolution under the Congressional Review Act to block the rule, initially finalized at the end of President Joe Bidens administration.

ATME, a Bahrain-licensed digital asset exchange, has completed its first real-world asset (RWA) tokenization with gold-backed tokens. Each token represents one kilogram of gold securely stored in custody, offering accredited investors a seamless way to trade or redeem for physical gold.

A U.S. congressman stressed that a well-regulated stablecoin market is essential for maintaining the dollar's global dominance, modernizing payments, and expanding financial access without government overreach. Lawmakers Debate Stablecoin Role in Securing US Dollar's Future House Financial Services Committee Chairman French Hill (R-AR) stressed that a well-regulated stablecoin market is essential for maintaining the U.S.

With each day, altseason seems like a far-off dream - but analysts still hold out hope.

A South Korean civil servant found guilty of stealing flood relief funds and donations to fund a personal crypto buying spree is set to face further punishment. The post South Korean Civil Servant ‘Stole Flood Relief Funds to Buy Crypto' appeared first on Cryptonews.

Canaan Inc. enters an agreement for $200 million financing, enhancing growth and expansion in crypto mining, with initial proceeds of $100 million received.

U.S. lawmakers voted to cancel an IRS rule that required crypto companies, including DeFi platforms, to collect and report taxpayer and transaction information. The House passed the vote 292-132, following the Senate's decision to reject the rule that was finalized during the final days of former President Biden's administration.

The Bipartisan coalition voted to nullify tax reporting requirements that critics labeled as technically impossible for DeFi platforms.

Congress just delivered a massive win for crypto innovation, overturning the controversial IRS crypto rules that critics say stifled digital asset growth and pushed development overseas. US House and Senate Overturn IRS Crypto Rules, Easing Compliance Burdens The U.S. House of Representatives approved H.J. Res.

Have you ever thought about which meme coin could offer the next big opportunity for crypto investors? With so many new tokens entering the market, it can be challenging to identify the ones with the most potential.

The US Securities and Exchange Commission (SEC) delayed various altcoin-based exchange-traded funds (ETFs) on March 11. According to Bloomberg ETF analyst James Seyffart, the approval odds for these ETFs this year are still relatively high.

OKX pushed back against a recent article claiming that EU watchdogs were scrutinizing the exchange over its potential role in the Bybit hack. The firm received a MiCA license last month to meet EU compliance and claims that regulators are not investigating its services.

The Spanish banking giants CaixaBank, Kutxabank, and Renta 4 are set to follow BBVA into the crypto sector, and plan to start offering clients cryptoasset-related services, a report has claimed. The post Spain's CaixaBank, Kutxabank, Renta 4 ‘Set to Launch Crypto Services' – Report appeared first on Cryptonews.

The hackers behind the Bybit hack have managed to cash out approximately $300 million of the stolen $1.4 billion in digital assets, despite industry efforts to prevent them.The hack has sparked debate about how Web3 firms can prevent similar attacks in the future.

The regulators are examining OKX's decentralized finance services and digital asset self-custody, in addition to whether such services follow the European Union's MiCA regulations and could be subject to penalties, Bloomberg reports.

The U.S. House voted to repeal a controversial tax rule that requires "custodial brokers" to collect and report user data to the IRS.

Coinbase received its approval roughly two years after it left the market due to regulatory issues and amid encouraging signs for the crypto industry in the country.

Since taking office on January 20, President Donald Trump has already issued two crypto executive orders. The first, signed on January 23, created a Presidential Working Group on Digital Asset Markets.

The California Department of Financial Protection and Innovation (DFPI) says it has shut down 26 cryptocurrency scam websites and identified $4.6 million in consumer losses, officials announced Monday.

The IRS broker rule would have been impossible to comply with for DeFi entities, one of the resolution's proponents said.

Ian Balina, the CEO of Token Metrics and a YouTuber with more than 100,000 subscribers, said the US Securities and Exchange Commission will stop pursuing him in court over allegations he violated securities laws by promoting Sparkster (SPRK) tokens in 2018.Speaking to Cointelegraph on March 11, Balina said the SEC had informed him it planned to recommend the court dismiss a case filed in 2022 alleging “unregistered offering and promotion in 2018 of crypto asset securities called SPRK Tokens.” According to the crypto YouTuber, the SEC's actions were based on the change in the administration's priorities — referring to US President Donald Trump appointing acting SEC Chair Mark Uyeda after the departure of Gary Gensler in January.

Perpetuals, Made In USA coins, and meme coins are the top three crypto narratives to watch for the second week of March. Perpetuals tokens like HYPE and WOO are down over 12%, but strong trading activity and high revenue suggest a potential rebound.

Circle senior director of policy and strategy Patrick Hansen said over 50 European banks already offer crypto-related services. The Circle Executive shared this fact while reacting to the recent guidance by the US Office of the Comptroller of Currency (OCC).

Movement on legislation to regulate stablecoins is underway this week as lawmakers in the House debated necessary provisions in the bill.

Geoblocking crypto users from airdrops has left a massive hole in some American users' wallets, according to a new report.

President Donald Trump's return to power has created a stampede of white-collar criminals, Crypto figures, and convicted politicians hoping for presidential clemency. With Trump's long history of attacking the U.S.

Lawmakers and industry experts discussed the importance of US dollar-backed stablecoins in the financial system and the urgency of a regulatory framework for these assets during a hearing convened by the US House Committee on Financial Services on March 11.

Base, the layer-2 network by Coinbase, could dominate the decentralized finance and consumer applications market starting in the second quarter, according to blockchain analytics firm Nansen.

Crypto-loving investors who bet on cryptocurrencies are experiencing significant losses due to a Wall Street selloff driven by fears about Trump's policy agenda. Bloomberg's Vildana Hajric has more on the story.

Consensys, Yolo Investments and others also participated in the round, bringing Mesh's total funding to date to $120 million.

OKX has denied claims that European regulators are examining its Web3 service for allegedly allowing Bybit hackers to launder $100 million in stolen funds.

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European Union regulators are reportedly looking into a service offered by crypto exchange OKX that may have played a role in the laundering of $100 million in funds from the Bybit hack, according to Bloomberg.A March 11 Bloomberg report citing people familiar with the matter claims that national watchdogs from the EU's member states discussed the issue during a March 6 meeting hosted by the European Securities and Markets Authority's Digital Finance Standing Committee. The issue appears to be OKX's decentralized finance platform and wallet service.

European cryptocurrency regulators are reportedly examining the OKX exchange following a record heist. Last month, the trading platform Bybit was the victim of a $1.5 billion theft, believed to be the largest in industry history.

“This tactic of coercing influencers shows how cybercriminals are evolving,” a security researcher at Kaspersky told Decrypt.

Crypto payments network Mesh has closed $82 million in a funding round led by venture capital firm Paradigm. Mesh said in a press release that it raised $82 million in its Series B funding round.

Global payments infrastructure platform Mercuryo has launched on-ramp services in Wallet, the crypto asset solution directly integrated into Telegram. Mercuryo's partnership with Wallet will provide a valuable interface for global mass adoption of cryptocurrency, paving the way for the onboarding of millions of new users.