Ripple, the blockchain-based payments firm behind XRP XRP/USD, is raising fresh concerns over the UK’s sluggish approach to crypto regulation, arguing that it’s leaving British banks unwilling to engage with digital assets. What Happened: At a policy summit held in London, Cassie Craddock, Ripple’s Managing Director for the UK and Europe, said that the country’s
The Treasury Department took action against a Houthi financial network, imposing sanctions on cryptocurrency wallets used by the Iran-backed militant group to fund its war machine. What Happened: According to a Wednesday press release, the Department of the Treasury’s Office of Foreign Assets Control identified eight digital wallets used by the Yemen-based group to help procure millions worth of
Following the $1.5 billion Bybit hack—the largest crypto theft to date—the entire crypto industry was forced to take a hard look in the mirror, confronting the critical vulnerabilities it still faces. However, the incident also showed how coordinated the public and private sectors can be—more than $40 million in stolen funds were frozen, with Chainalysis