Current Banking Reserve Requirements Holding Crypto Industry Back

Current Banking Reserve Requirements Holding Crypto Industry Back

Capital requirements for banks from by the Basel Committee on Banking Supervision (BCBS), which crafts banking standards, create a “chokepoint,” designed to throttle the growth of the crypto industry, according to Chris Perkins, president of investment firm CoinFund. The current capital rules lower a bank’s return on equity (ROE), a critical profitability metric in banking,…

Gemini Hires Goldmans (GS), Citi (C), Morgan Stanley (MS) and Cantor as Lead Bookrunners For its IPO

Gemini Hires Goldmans (GS), Citi (C), Morgan Stanley (MS) and Cantor as Lead Bookrunners For its IPO

Crypto exchange Gemini filed an updated registration statement for its initial public offering effort, sharing a few more details in its push to become a publicly traded firm. Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS) and Cantor acting as lead bookrunners on the IPO, Gemini said in a press release Friday. Evercore ISI, Mizuho,…

Tajikistan Suffers $3.52 Million from Crypto Mining

Tajikistan Suffers $3.52 Million from Crypto Mining

Attorney General Khabibullo Vokhidzoda said at a press conference that cryptocurrency mining is one of the illegitimate activities that caused Tajikistan $3.52 million in damages in the first half of 2025.   Such losses are primarily related to the illegal exploitation of electric power by miners who work without the state’s permission. Illegal Mining and Electricity…

Blockchain Security Must Localize To Stop Asia’s Crypto Crime Wave

Blockchain Security Must Localize To Stop Asia’s Crypto Crime Wave

Opinion by: Slava Demchuk, co-founder and CEO of AMLBot Asia’s cryptoverse has lost more than 1.5 billion in the first half of 2025 — more than during 2024, including Bybit and pig butchering scams in Southeast Asia. Most engines are built around typologies of Western money laundering. They miss custom laundering channels tailored to each…

Nasdaq-Listed Pharma Distributor Launches XRPL-Powered Payment System

Nasdaq-Listed Pharma Distributor Launches XRPL-Powered Payment System

Wellgistics Health Inc. is deploying an XRP Ledger-based payment system for thousands of pharmacies across the United States, deepening its bet on blockchain as it looks to overhaul healthcare finance. The Nasdaq-listed distributor (WGRX) has announced that its new platform enables independent pharmacies to pay for drug inventory and move funds instantly, bypassing banking delays…

Garantex Exchange Executives Face $6 Million U.S. Bounty

Garantex Exchange Executives Face $6 Million U.S. Bounty

The US has declared rewards of up to six million dollars for this information that can lead to finding and arresting the leaders of the Russian cryptocurrency exchange Garantex and their conviction.  This week, the exchange, which had been accused of laundering criminal proceeds and aiding in circumventing international sanctions, was closed down in a…