• el salvador bitcoin banks
    Bitcoin

    “Bitcoin Banks Are Coming”: El Salvador Teases New Financial Shift

    August 8, 2025 - By 

    El Salvador announced today on X that it plans to introduce Bitcoin-focused banking into its economy, further advancing President Nayib Bukele’s Bitcoin-centered economic vision. The post stated, “Bitcoin Banks are coming to Bitcoin country,” hinting at the possible rollout of banking institutions dedicated solely to Bitcoin services. However, the plan remains vague, with no official details or regulatory framework shared yet. If implemented, these Bitcoin-only banks could potentially offer services like BTC deposits, loans, and investment products, which may significantly change how Salvadorans access financial services. For now, the scope and structure of the initiative remain speculative, pending further announcements…

  • cleanspark mining report
    Mining

    CleanSpark Leads U.S. Bitcoin Miners With Record Revenue

    August 8, 2025 - By 

    Bitcoin mining firm CleanSpark has reported its strongest quarter ever, with record-high revenue and profit that exceeded analyst forecasts. On Thursday, the company announced $198.6 million in revenue for the third quarter, a 91% jump from $104 million in the same period last year. This figure also surpassed the expected $195 million. CleanSpark posted a net income of $257.4 million for the quarter, a sharp turnaround from a $236.2 million loss the year before. Diluted earnings per share reached 78 cents, far above analyst estimates of 20 cents. In 2025, CleanSpark grew its Bitcoin treasury to over $1 billion in…

  • Aave phishing scam | Coin Medium
    Hack & Scam

    Aave Users Hit by Phishing Scam After $60B Milestone

    August 7, 2025 - By 

    Just a day after decentralized finance protocol Aave announced it had surpassed $60 billion in net deposits, a phishing campaign surfaced, targeting its users through Google Ads, according to security researchers. Data from Token Terminal shows a sharp rise from August 2024, when deposits stood at approximately $18 billion. The next day, blockchain security firm PeckShield alerted the crypto community to an active phishing scam targeting Aave investors. Fraudulent ads mimicking official Aave investment platforms were reportedly being promoted through Google Ads, directing users to malicious websites. Aave Community Targeted in Widespread Scam Users who unknowingly connect their wallets to…

  • Trump crypto 401(k) order
    Regulation

    Trump Order May Open Plans to Crypto Investments

    August 7, 2025 - By 

    U.S. President Donald Trump is set to sign an executive order that could pave the way for including cryptocurrencies in 401(k) retirement plans, potentially changing how Americans save and invest for the future. The White House Press Office confirmed to Cointelegraph on Thursday that the order will direct the U.S. Department of Labor to review current restrictions on alternative assets, such as digital currencies, private equity, and real estate, within defined-contribution retirement plans. According to a senior White House official, the order will instruct the labor secretary to clarify the department’s position on these alternative investments and issue guidance on…

  • Nomura Laser Digital Dubai license
    Exchange

    Japanese Nomura’s Laser Digital Now In Dubai

    August 7, 2025 - By 

    Dubai’s Virtual Asset Regulatory Authority (VARA) has granted approval to Japanese investment bank Nomura’s Laser Digital, the cryptocurrency division to operate a regulated over-the-counter (OTC) crypto desk. This is the first license granted by VARA, under its pilot framework, to offer crypto options trading to institutional clients. Nomura’s Laser Digital desk targets institutional investors like hedge funds, asset managers, and trading firms, providing tools for hedging, generating returns, and managing market volatility.  Dubai’s Crypto Revolution  Dubai is positioning itself as a hub for regulated crypto derivatives, introducing comprehensive crypto regulations in 2023.  Regulation covers exchanges, custodians, and token issuers and…

  • Roman Storm convicted
    Regulation

    Tornado Cash Co-Founder, Roman Storm Found Guilty on 1 of 3 Charges

    August 7, 2025 - By 

    On Wednesday, the US district court for the Southern District of New York (SDNY) was found guilty of one felony charge in conjunction with his role at Tornado Cash.  The jury found Roman Storm guilty of conspiracy to operate an unlicensed money-transmitting business, which could carry a sentence of up to five years. They could not reach a unanimous verdict on the charges of conspiracy to commit money laundering or conspiracy to violate North Korea sanctions. After four days, jurors reported a deadlock on some charges. Consequently, the judge issued a special instruction. Therefore, jurors were urged to reach a…

  • XRP custody South Korea
    Altcoins

    XRP Institutional Custody Goes Live in South Korea

    August 7, 2025 - By 

    XRP has officially gained institutional custody support in South Korea, as local crypto custodian BDACS rolled out regulated storage services following its February partnership with Ripple. The new offering gives institutions secure access to one of the world’s most actively traded digital assets through Ripple Custody, the company’s enterprise-grade custody solution. The announcement was made on BDACS’s official X account on Tuesday, confirming that institutions can now safely store and manage XRP using Ripple Custody, Ripple’s enterprise-level custody solution. “We’re excited to offer XRP custody to our institutional clients. XRP is one of Korea’s most popular digital assets, and this…

  • aged YouTube accounts crypto scam
    Hack & Scam

    Scammers Are Using Old YouTube Accounts To Scam People 

    August 7, 2025 - By 

    Scammers have really gotten their creative juices flowing as many have now taken legacy old YouTube crypto channels to promote the use of a scammy bot. As sketchy as this sounds, they are using channels that were once legit. They are posting videos of these bots that use MEV to help users get paid in ETH gas fees.  What On Earth Is An MEV? Lets understand MEV with a simple example. Let’s say you are at a barista and there are multiple people behind you who want to order a coffee. Some may want to wait but lets say you…

  • myconstant crypto scam
    Hack & Scam

    MyConstant Founder Pays $10.5M to Settle SEC Charges

    August 7, 2025 - By 

    Huynh Tran Quang Duy, also known as Duy Huynh, the founder of the failed crypto lending platform MyConstant, has agreed to pay more than $10.5 million to settle charges brought by the U.S. Securities and Exchange Commission (SEC). The SEC accused him of misusing investor funds to purchase TerraUSD, the now-defunct stablecoin. Instead, the SEC said Huynh spent $11.9 million of investor money to purchase TerraUSD (UST), a stablecoin tied to the Terra blockchain that crashed in mid-2022, wiping out billions in market value. The platform has been under regulatory scrutiny since late 2022, when California’s financial regulator accused it…

  • SEC liquid staking not securities
    Regulation

    SEC Clarifies Liquid Staking As Not Securities

    August 7, 2025 - By 

    The U.S Securities and Exchange Commission has issued a staff statement clarifying that liquid staking is not classified as a security, paving the way for clearer digital asset regulation.  Liquid staking is a process where an individual stakes a specific cryptocurrency and receives staked tokens that work as proof that the individual has staked crypto on the protocol.  “The statement clarifies the division’s view that, depending on the facts and circumstances, the liquid staking activities covered in the statement do not involve the offer and sale of securities,”  – the regulator stated this referring to the Securities Act of 1933…