Tag: Report

Early CLARITY Act Deal Reached Between White House and US Lawmakers: Report

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Rumors are circulating that a tentative deal has been struck between the White House and US lawmakers on stablecoin yield, potentially moving the CLARITY crypto market structure bill forward. Republican Senator Thom Tillis and Democratic Senator Angela Alsobrooks, both members of the Senate Committee on Banking, Housing, and Urban Affairs, have reached an “agreement in principle,” according to a Friday Politico report. “I think what it will do is to allow us to protect innovation, but also gives us the opportunity to prevent widespread deposit flight,” Alsobrooks said, adding that…

Elon Musk’s X suffers major outage as thousands report service disruptions

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Elon Musk’s social media platform X experienced a major service outage today, leaving users worldwide unable to access core features of the site. The disruption, which began around 10:30 a.m. ET, affected users’ ability to load timelines, publish posts, and navigate essential platform functions. Real-time complaint tracking service Downdetector recorded more than 12,500 user reports at the peak of the outage. The disruption affected users across multiple regions, with complaints spanning North America, Europe, and other major markets. Disclosure: This article was edited by Vivian Nguyen. For more information on…

PayPal expanding PYUSD stablecoin access to 70 countries: Report

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PayPal is expanding access to its stablecoin PYUSD to 70 countries, including regions across South America, Africa, and Asia, whereas previously only users in the US and UK could hold it, Fortune reported Tuesday. Users can now send, receive, and store PYUSD while also earning rewards, with US users receiving around 4% annually. This move reduces high cross-border fees, allows users to keep funds in a USD-pegged asset instead of converting to local currencies, and introduces wallet balance functionality in countries where funds previously had to be withdrawn immediately. PYUSD…

South Korea Police Draft Guidelines for Seized Crypto Assets: Report

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South Korea’s National Police Agency (KNPA) has reportedly drafted new guidelines for handling seized cryptocurrencies, including privacy-focused assets, as authorities move to standardize how digital asset evidence is stored and managed. According to a report by local media outlet Asiae, the KNPA completed a draft directive outlining compliance requirements at each stage of crypto seizure. The directive includes measures for managing software wallets needed to handle crypto assets and privacy-focused tokens.  A police spokesperson told Asiae that as investigative paradigms change, field investigators need systematic guidelines along with appropriate support.…

OpenAI in advanced talks with major private equity firms for $10B joint venture: Report

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OpenAI is planning to establish a joint venture with leading private equity firms to accelerate the distribution of its enterprise AI products. According to Reuters, the company is engaging with TPG, Advent International, Bain Capital, and Brookfield to launch the venture, which is expected to be worth about $10 billion, with $4 billion in backing, equity stakes for the PE firms, and board seats, led by TPG. The arrangement would deploy OpenAI’s enterprise solutions across the extensive portfolio networks of the participating firms. Anthropic is following a similar path with…

US Prosecutors Oppose Sam Bankman-Fried’s New Trial Bid: Report

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Bloomberg reported Thursday that US prosecutors urged a federal judge to reject Sam Bankman-Fried’s request for a new criminal trial, arguing that the former FTX chief failed to meet the legal standard for a retrial. According to the report citing court documents, prosecutors said Bankman-Fried’s claim that new witnesses could undermine the government’s case does not meet the legal standard required to grant a retrial.  Prosecutors reportedly argued that testimony cited by Bankman-Fried from former FTX executives Ryan Salame and Daniel Chapsky did not amount to newly discovered evidence because…

US Treasury report acknowledges legitimate uses for crypto mixers

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For the better part of three years, the US government treated crypto mixers like they were exclusively tools for money laundering. On March 5, the Treasury Department quietly published a 32-page report that essentially says: “Actually, some of this is fine.” The report to Congress formally acknowledges that mixing services serve legitimate purposes, including protecting personal wealth, shielding business payment details, and enabling anonymous charitable donations. It’s a remarkable pivot from an agency that, not long ago, was sanctioning mixer protocols and pursuing criminal charges against their developers. What the…

South Korea Plans 20% Cap on Crypto Exchange Shareholder Stakes: Report

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South Korea’s government and ruling party have reportedly agreed on a plan to cap the ownership stakes of major shareholders in domestic crypto exchanges at 20%. The Democratic Party of Korea’s digital asset task force and the Financial Services Commission (FSC) agreed to set the maximum shareholding limit at 20% after discussions, according to a Wednesday report by local media outlet Herald Economy. However, regulators may allow exceptions of up to 34% for new businesses through an enforcement decree. The threshold references the Commercial Act’s 33.3% veto threshold in general…

Tether Freezes $4.2B in USDT Linked to Crime in 3 Years: Report

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Stablecoin issuer Tether has reportedly frozen roughly $4.2 billion worth of its USDt tokens connected to suspected criminal activity over the past three years. Most of the blocked funds were restricted since 2023, as regulators and law enforcement agencies intensified scrutiny of crypto-related fraud and sanctions evasion, the El Salvador-based firm reportedly told Reuters on Friday. Tether’s dollar-pegged USDt (USDT) token is the largest stablecoin in circulation, with more than $180 billion outstanding, up sharply from about $70 billion three years ago. Tether can freeze tokens directly on the blockchain…

Ransomware Attacks Rose 50% in 2025 According to Chainalysis Report

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​The number of ransomware attacks rose 50% in 2025 as hackers shifted their focus from large-scale attacks to small and medium-sized targets, according to blockchain analytics firm Chainalysis. In an annual report published on Wednesday, Chainalysis said there were nearly 8,000 total leak events in 2025, a 50% increase from 2024. However, total on-chain ransom payments amounted to $820 million, marking an 8% decrease from 2024. Chainalysis said increased regulatory scrutiny, enforcement action on laundering network infrastructure, and a general refusal of big firms or organizations to pay ransoms all…