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Russians move $129B in crypto yearly ‘outside our attention’: Official

Russian officials estimate that approximately $129 billion in cryptocurrency is transferred annually outside of regulatory oversight. This significant amount highlights concerns about the potential for money laundering and the evasion of sanctions. The Russian government is reportedly considering measures to better regulate the crypto market to address these issues. The lack of oversight poses challenges for authorities in tracking and managing digital asset transactions.

Read the full article: Coin Telegraph

Kalshi Sued Over Refusing to Pay Out Prediction Market After Iran Leader's Death

Kalshi, a prediction market platform, is facing a lawsuit for allegedly refusing to pay out on a market related to the death of Iran's Supreme Leader, Ayatollah Ali Khamenei. The lawsuit claims that Kalshi did not honor its contractual obligations to settle the market, which had been established

Inside the Quest at Colossus to Replace Visa and Mastercard With KYC-Less Crypto Cards

Colossus is developing a new type of crypto card aimed at replacing traditional payment systems like Visa and Mastercard by eliminating the need for Know Your Customer (KYC) processes. The company believes that by leveraging blockchain technology, they can offer a more privacy-focused payment solution that still complies with regulations.

Coinbase says new U.S. tax-reporting rules for crypto are cluttered, confusing

Coinbase has criticized new U.S. tax-reporting rules for cryptocurrency, describing them as cluttered and confusing. The exchange argues that the regulations create unnecessary complexity for users trying to comply with tax obligations. Coinbase emphasizes the need for clearer guidelines to help both individuals and businesses navigate the reporting process

XRP slips as traders watch $1.35 support

XRP has experienced a decline as it approaches the critical support level of $1.35, prompting traders to closely monitor its performance. The cryptocurrency's recent price movements have raised concerns about its ability to maintain this support, which could influence future trading strategies. Analysts suggest that a drop

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Kalshi Sued Over Refusing to Pay Out Prediction Market After Iran Leader's Death

Inside the Quest at Colossus to Replace Visa and Mastercard With KYC-Less Crypto Cards

Coinbase says new U.S. tax-reporting rules for crypto are cluttered, confusing

XRP slips as traders watch $1.35 support