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Bitcoin-backed life insurance now available in Russia
Jul 06,2025
Two major Russian insurers, Renaissance Life and BCS Life Insurance, have introduced investment life insurance policies (ILIPs) tied to Bitcoin. These products give wealthy investors exposure to Bitcoin via BlackRock's IBIT, without needing to hold t...
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Hackers steal $180M in Brazil's biggest bank breach
Jul 06,2025
Hackers stole over R$1 billion (around$180 million) from Brazil's banking system by exploiting a vulnerability in the PIX payment network. The breach began via C&M Software, a Central Bank-approved provider linking banks and fintechs to the finan...
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Ripple partners with AMINA Bank to expand in Europe
Jul 05,2025
Ripple has partnered with Swiss-based AMINA Bank, regulated by FINMA, to offer custody and trading of its RLUSD stablecoin, establishing a compliant presence in Europe. RLUSD has already secured approval from major regulators, including the New York ...
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India's top darknet dealer laundered crypto with Monero for two years
Jul 05,2025
India's Narcotics Control Bureau (NCB) has arrested a 35-year-old engineer from Kerala accused of running the country's largest darknet drug network alone. The suspect, 'Ketamelon,' reportedly ran a Level 4 darknet drug operation for two years withou...
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Crypto spending in Europe is rising with stablecoins leading
Jul 04,2025
Crypto is gaining traction as a go-to payment method across Europe, with stablecoins playing a leading role. According to a June report from Oobit, more than 75% of crypto purchases made by European users over the past month were settled using stable...
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Brazil sets flat 17.5 percent tax on all crypto gains
Jul 03,2025
Brazil has implemented a significant shift in its approach to digital assets with a new crypto tax law taking effect on 12 June 2025. Under Provisional Measure 1303, a flat 17.5% tax now applies to all cryptocurrency gains, replacing the former progr...
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Sparkassen to offer crypto trading in Germany by 2026
Jul 03,2025
Germany's largest banking group, Sparkassen, plans to offer cryptocurrency trading services to retail customers by the summer of 2026. The decision reverses Sparkassen's 2023 stance, when it called digital assets 'highly speculative' and avoided cryp...
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Kurant pauses Bitcoin ATM operations in Germany
Jul 03,2025
Kurant, Europe's leading Bitcoin ATM installer, will temporarily halt its services across Germany from 1 July. The Austrian company is awaiting a new licence under the EU's Markets in Crypto Assets (MiCA) regulations. Over half of its 300-plus machin...
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Police investigate rising crypto-related crimes in Russia
Jul 03,2025
Police in St. Petersburg have dismantled an illegal crypto mining farm operating near Mitrofanievsky Highway. The facility caused around 10 million rubles ($127,873) in damage to the city's power grid. Dozens of mining rigs and tampered meters were s...
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Arizona governor vetoes Bitcoin reserve bill
Jul 02,2025
Governor Katie Hobbs of Arizona has vetoed a bill that aimed to establish a state-managed Bitcoin reserve using cryptocurrencies seized from criminal activities. The bill passed the Arizona House but was vetoed over concerns it would discourage local...
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Senate passes Trump bill without crypto tax breaks
Jul 02,2025
The US Senate approved President Trump's large reconciliation bill, but key crypto tax exemptions were excluded. Pro-crypto senators, led by Cynthia Lummis, tried to add amendments offering tax relief for miners, stakers, and retail users, but ran ou...
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Coinbase privacy appeal rejected by US Supreme Court
Jul 02,2025
The US Supreme Court has declined to hear an appeal from a Coinbase user, effectively allowing the Internal Revenue Service (IRS) to access user data without new restrictions. The decision ends James Harper's legal battle over the IRS's broad request...
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