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Hungary to Reverse Crypto Trading Rules That Carried Prison Terms

Hungary is set to decriminalize crypto trading, reversing restrictions that imposed potential jail terms for certain crypto-to-fiat and crypto-to-crypto transactions, according to Tisza government spokesperson Anita Köböl. Speaking at a…
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Botanix Shuts Down as Bitcoin Defi Demand Falls Short

Botanix, a Bitcoin scaling network that set out to bring “real utility” to BTC without token incentives, is winding down after four years in operation.In a Tuesday post on X, Botanix told users to withdraw all Bitcoin and other assets by…
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DeFi Users Warned to Revoke Approvals Before Anthropic’s Mythos AI Launches

Token approvals often accumulate unnoticed over time, creating potential exposure if previously trusted contracts become compromised. Anthropic is reportedly set to…
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UK Proposes Limited Retail Fund Exposure to Crypto

The UK’s Financial Conduct Authority has proposed allowing some authorized investment funds to hold up to a 10% allocation of crypto exchange-traded notes, closing a regulatory gap between retail investors and funds.The FCA floated the idea…
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House GOP Moves to Limit Lawmakers’ Prediction Market Betting

Republicans in the US House of Representatives are moving to add prediction market restrictions to a stalled congressional stock trading ban, as lawmakers scrutinize whether members of Congress should be allowed to wager on elections or…
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Crypto Tax in Illinois FY2027 Budget is One Step Away from Becoming Law

Some digital asset industry advocates are pushing back against a provision in a $56 billion state budget passed by the Illinois General Assembly on Monday, due to its impact on crypto users. In a Senate bill included as part of the Illinois…
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Crypto Tax Proposals Weighed Ahead of Tuesday House Hearing

The US House Ways and Means Committee circulated seven discussion drafts of bills to address digital asset taxation ahead of a Tuesday hearing on the matter, covering stablecoins, staking, mining and transactions.Among proposals in the…
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US Senators Urge Regulators to Clarify Crypto Capital Rules

A group of Senate Republicans has urged US financial regulators to clarify the capital standards for companies engaged in crypto activities.Senator Cynthia Lummis said on Thursday that she led the group in sending a letter on May 27 to…
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StakeDAO vsdCRV Attacker Limited to $91K By Thin Liquidity

An attacker minted more than 5.4 trillion vsdCRV on Arbitrum after a suspected compromise of a StakeDAO-linked deployer key, though thin liquidity limited the realized proceeds to about $91,000.Blockchain security firm PeckShield said…
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US Treasury Sanctions Iran’s Nobitex Crypto Exchange

The US Treasury has sanctioned four Iranian crypto exchanges, including the country’s largest, Nobitex, marking the latest effort in its campaign called “Economic Fury” that aims to cut Iran off from the financial system.The Treasury said…
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