Editor's Choice
Lukashenko tasked with modernizing Belarus's energy infrastructure and considering the use of surplus electricity for cryptocurrency mining
President of Belarus Alexander Lukashenko instructed the new Minister of Energy, Alexei Kushnarenko, to improve the country's energy grids, including 5700 km of infrastructure, and ensure stable supply to 1500 settlements. He also suggested using surplus electricity for cryptocurrency mining, emphasizing the potential for attracting investors or creating state-run operations. Lukashenko stressed the importance of modernizing the networks to prevent failures and the growing global interest in digital assets.
SBI VC Trade will be the first exchange in Japan to offer the stablecoin USDC, approved by the Japanese Financial Services Agency for use in the country
SBI VC Trade, a subsidiary of the financial giant SBI Holdings, has received official approval from the Japanese Financial Services Agency (JFSA) as an electronic payment provider. This grants the company the right to be the first in Japan to list and distribute the stablecoin USDC, making it the first and only global dollar stablecoin officially authorized for use in the country. Support from Japanese regulators opens up new prospects for the use of cryptocurrencies in Japan, with all operations being strictly controlled under the new financial regulation.
The IMF demands that El Salvador stop purchasing Bitcoin by the government sector as part of a $1.4 billion agreement to reduce financial risks and regulate cryptocurrency
The International Monetary Fund (IMF) has demanded that El Salvador stop purchasing Bitcoin by the government sector as part of a $1.4 billion agreement. This demand is aimed at reducing risks associated with cryptocurrency. The IMF memorandum specifies that El Salvador should limit the issuance of debt instruments tied to Bitcoin and cease using cryptocurrency in public financial operations. Despite this, El Salvador's President Nayib Bukele continues to increase Bitcoin reserves, highlighting the contrast between the country's internal policy and the demands of international financial organizations.
Australia does not plan to create a strategic cryptocurrency reserve, despite the USA's initiative to include XRP, Bitcoin, and others in the national financial reserve
The Australian government does not plan to create a strategic cryptocurrency reserve, unlike the USA, where the Trump administration announced the inclusion of cryptocurrencies such as XRP, Solana, Cardano, Bitcoin, and Ether in the national reserve. Australian authorities are focused on regulating crypto platforms, developing legislation for digital assets. Representatives of the crypto industry note that despite the attractiveness of the idea, the high volatility of cryptocurrencies creates risks to stability, which makes such an initiative less likely.
Turkish bank BankPozitif is launching a cryptocurrency custody service in partnership with Taurus, having received a license from the Turkish Securities and Exchange Commission for the safe custody of digital assets
The Prime Minister of Vietnam has ordered the development of a legal framework for cryptocurrencies to create a legal basis for digital assets and support their development in the country
Yuga Labs announced the completion of the SEC investigation, confirming that NFTs are not securities and supporting the development of the crypto space and creators' rights
China will introduce retaliatory duties on goods from the USA, raising tariffs up to 15 percent on agricultural products, which will affect American producers and consumers
Tether appoints a new Chief Financial Officer, Simon McWilliams, and seeks a full independent audit to increase transparency and regulatory oversight
Binance will remove nine stablecoins, including USDT and DAI, from March 31 in Europe to comply with the MiCA regulation, while support for storing and withdrawing tokens will remain
Congressman Brandon Gill proposed a bill to replace Benjamin Franklin with Donald Trump on the $100 bill to recognize his contributions to America
The SEC dropped the lawsuit against Kraken Exchange, which was accused of illegal activity as an unregistered exchange, marking an important step for the cryptocurrency industry
China Asset Management launches a tokenized money market fund on Ethereum worth $107 million, providing new opportunities for cryptocurrency investors
China Asset Management, the largest asset manager in Asia, has launched a tokenized money market fund worth $107 million on the Ethereum blockchain. Ethereum was chosen due to its capabilities for decentralized finance (DeFi), ensuring the efficiency, security, and transparency of the fund’s operations. This move allows investors to buy and trade shares of the digital fund without intermediaries, speeding up transactions and reducing costs. It also highlights the growing interest of institutional investors in cryptocurrency financial products.
Fraudsters stole 1.2 million dollars from Kent residents using fake police reports to obtain cryptocurrency wallet data and access funds
Fraudsters stole more than 1.2 million dollars from residents of Kent by using personal data obtained through a data breach. They created fake reports from Action Fraud, impersonating the police, and convinced victims to share their cryptocurrency wallet recovery phrases. After gaining access to the wallets, the fraudsters stole funds and transferred them to avoid reimbursement. The police urge people not to disclose personal information over the phone and to be cautious when dealing with suspicious individuals, especially regarding financial matters.
SWIFT announced its support for Hedera for global transactions, paving the way for large-scale adoption and growth of $HBAR in international markets
SWIFT, a key platform for international finance, has announced its support for Hedera technology for global transactions. After successful tests through Proof of Concept (PoC), Hedera has achieved a Technology Readiness Level (TRL) of 9, confirming its ability to handle mission-critical tasks. In the coming months, real trials will begin with banks in North America, Europe, and Asia. This partnership paves the way for Hedera's large-scale adoption and increases the growth prospects of the $HBAR token in international markets.
Cryptocurrency exchange XUEX accused of fraud: Users complain about blocked withdrawals and demands for additional fees
The cryptocurrency exchange XUEX has found itself at the center of a scandal due to user complaints about blocking withdrawals. Investors claim that the platform demands additional fees or taxes before allowing them to withdraw funds, which is a typical sign of fraud. Experts warn of the risks associated with using XUEX and advise avoiding this exchange. If you encounter such issues, it is recommended to contact crypto protection organizations and be cautious when choosing platforms for investments.
Best news of the last 10 days
Colombia has proposed a new bill to regulate the cryptocurrency industry with the goal of protecting users, combating fraud, and stimulating investments in the country
Ronaldinho launches the STAR10 token on the BNB blockchain: a new project combining football and blockchain with exclusive events, but raising questions due to insider transactions
WazirX offers users to vote on the restructuring scheme from March 19 to March 28, 2025, to recover up to 85.3 percent of funds and distribute Recovery Tokens
Trump announced the creation of the strategic crypto reserve of the USA with Bitcoin, Ethereum, and other cryptocurrencies, supporting the development of the industry and strengthening the USA's position in the crypto market
Thai law enforcement authorities seized 1000 bitcoin mining rigs, accusing the company of stealing electricity using modified meters
In Thailand, in the Chonburi province, law enforcement authorities seized nearly 1000 bitcoin mining rigs from a company accused of illegally connecting to the power grid. The company used modified meters to steal electricity. During the search, 996 mining devices and equipment with signs of tampering were found. The losses from the theft amounted to about 3.2 million dollars. This incident highlights the threat to the economy and the stability of the country's energy supply.
The hack of an anonymous TRON wallet led to a loss of $3.1 million: Researcher ZachXBT connects this incident to the attack on the Fantom Foundation in 2023, when $7 million was stolen
The recent hack of an anonymous TRON wallet resulted in a loss of $3.1 million. The hackers transferred the stolen funds to Ethereum and laundered them through Tornado Cash. Researcher ZachXBT links this incident to the attack on the Fantom Foundation in 2023, where $7 million was stolen. The hackers are likely the same ones who attacked Fantom. This case highlights the need for strengthened security measures on cryptocurrency platforms. Experts advise implementing multi-layered protection to safeguard user funds and reduce the risk of similar attacks in the future.
An American court dismissed the SEC's lawsuit against the founder of Hex, Richard Heart, due to a lack of U.S. jurisdiction, despite accusations of fraud amounting to $12.1 million
An American court dismissed the SEC's lawsuit against Richard Heart, the founder of the cryptocurrency Hex, citing a lack of U.S. jurisdiction. The SEC accused Heart of fraud amounting to $12.1 million and spending funds on luxurious purchases, including a black diamond, cars, and watches. However, the judge noted that all operations took place outside the U.S., and no connection with American investors was proven. The SEC was granted until March 20 to file an amended version of the lawsuit, and the cryptocurrencies linked to Heart saw significant growth following the court's decision.
President Trump will hold the first cryptocurrency summit at the White House on March 7 to develop a regulatory framework and support innovations in the U.S. crypto industry
President Donald Trump will hold the first cryptocurrency summit at the White House on March 7, aimed at creating a clear regulatory framework for the crypto industry and supporting innovations. Industry leaders and members of the President's Working Group on Digital Assets will gather for the event. The summit continues the focus on strengthening the U.S. position in the cryptocurrency sector, with an emphasis on developing a national cryptocurrency reserve and regulating stablecoins. A review of the previous president's decrees, which lifted restrictions on the development of digital assets, is also planned.