Author: John Smith

The UK Financial Conduct Authority has targeted three London premises suspected of running illegal peer to peer crypto trading businesses, extending an enforcement campaign against unregistered digital asset activity. Summary FCA targeted three London premises suspected of running illegal peer to peer crypto trading businesses in a Sept. 10 operation. Cease and desist letters were issued at all three locations as the FCA worked alongside HMRC and the Metropolitan Police. No peer to peer crypto businesses are currently registered with the FCA, while evidence from an April operation is supporting ongoing investigations. According to the FCA, the operation was carried…

In an interview with crypto.news, Selva Ozelli speaks with RoboTech Frontier Hub founder Denis “Dan” Saklakov about the intersection of artificial intelligence, blockchain and finance, and how his AI assisted investment tool Meijin uses an investor’s risk profile to manage exit strategies for assets including cryptocurrencies. Summary Meijin monitors assets after purchase and manages exit strategies based on the level of risk selected by the investor. Saklakov said blockchain can record AI system states, permissions, decision conditions and execution history without running the AI itself onchain. RoboTech Frontier Hub is developing projects across AI verification, robotics, human machine interfaces and…

Column has launched four new financial infrastructure products spanning stablecoins, card issuing, global banking and multicurrency accounts, giving fintech companies access to the services through a single banking platform. Summary Column launched four products covering stablecoins, card issuing, global banking and multicurrency accounts. USDC and USDT can be converted into U.S. dollars and connected with domestic and international payment rails around the clock. Column built its own issuer processor and now provides banking, processing and capital through one integration. Verified customers globally can access U.S. dollar or local currency accounts and cards using Column’s infrastructure. William Hockey said the new…

South Korean police have booked 26 Polymarket users over alleged illegal gambling involving 17.6 billion won, roughly $12.7 million, with 18 cases referred to prosecutors by Sept. 15. Summary 26 South Korean Polymarket users were booked, with 18 already referred to prosecutors over gambling. 17.6 billion won in cumulative wagers was linked to suspects identified through public blockchain records. 5.7 billion won was the highest individual betting amount reported among the 26 investigated users. South Korea blocked Polymarket access on August 18 after regulators classified its structure as gambling. Police say Polymarket contracts meet gambling elements when users stake assets…

Celsius Network’s bankruptcy estate has sued BitMEX for the return of 6,360.17 Bitcoin, worth about $495 million, over forced liquidations carried out during the March 2020 COVID market crash. Summary Celsius and JST lost a combined 6,360.17 BTC through BitMEX liquidations in March 2020. The estate alleges BitMEX designed its system to profit from liquidated customer collateral. Five BitMEX-linked companies have been named as defendants in the New York bankruptcy case. The complaint remains unproven and was filed shortly before BitMEX ends trading on Sep. 23. The complaint, filed on Sep. 12 in the U.S. Bankruptcy Court for the Southern…

Bitcoin price traded near $76,200 after a volatile week as the failed CLARITY Act vote and the Federal Reserve’s rate increase kept pressure on the market. Technical indicators now point to resistance near $78,600, while liquidation data places the main downside liquidity cluster around $74,600. Summary Bitcoin price fell roughly 4% over seven days after briefly approaching $80,000. The daily CMF dropped to -0.11, indicating that capital outflows have overtaken inflows. 4-hour resistance sits near $78,600, while the RSI remains below the neutral 50 level. Liquidation clusters near $74,600 and $77,700 could shape Bitcoin’s next move. Bitcoin price retreats after…

The UK Financial Conduct Authority has issued final guidance requiring crypto firms to reassess their permissions before applications open on Sep. 30 for a regulatory regime taking effect in October 2027. Summary FCA applications open Sep. 30, while the new crypto regime takes effect on Oct. 25, 2027. Existing registrations and permissions will not automatically carry over to the incoming framework. Firms seeking transitional arrangements must apply by Feb. 28, 2027. The guidance covers stablecoins, trading platforms, custody, transaction services and staking arrangements. FCA guidance defines which crypto firms need approval The Financial Conduct Authority said on Sep. 16 that…

Hackers behind the Revolut customer data breach have demanded 6,000 Monero, worth about $3 million, while threatening to sell the stolen records unless the bank pays within 24 hours. Summary Hackers have demanded 6,000 XMR, valued at about $3 million, from Revolut. At least 680 customer accounts were affected after fraudulent government requests passed company checks. Stolen records reportedly include identity documents, verification photos and complete transaction histories. The attackers said blockchain analysis helped them identify customers with large crypto holdings. How Revolut hackers set the 24-hour deadline The Financial Times reported that a group calling itself “iamnotavillain” published the…

The failed Senate vote on the CLARITY Act has shifted attention toward the SEC and CFTC, while crypto founders and investors prepare for a longer period without a federal market structure law, industry experts told crypto.news. Summary The SEC and CFTC may shape near-term crypto rules after the Senate failed to advance the bill. Founders are expected to keep building, but some may place more operations outside the United States. Bitcoin faces less regulatory uncertainty than altcoins, DeFi platforms, exchanges and token issuers. Institutional adoption may slow as banks and asset managers wait for more durable legal certainty. Experts said…

Ondo Finance has become the first tokenization company to enter DTCC’s Fund/SERV network, connecting its regulated U.S. subsidiary with infrastructure that processes more than 85% of domestic mutual fund transaction volume. Summary Oasis Pro Markets can connect with fund companies and financial distributors through one standardized network. Fund/SERV processes transactions, confirmations, reconciliation, distributions, and several reporting functions. Oasis Pro holds registrations covering broker-dealer, trading system, and transfer-agent services in the United States. Ondo has also expanded its tokenized securities business through U.S., Japanese, and blockchain-based products. Ondo Finance said its subsidiary Oasis Pro Markets has joined Fund/SERV as a member,…