Flash News

TREE NEWS update: Russia’s largest bank, Sber, plans to accept USDT and Ether alongside Bitcoin as loan collateral, as the country introduces regulated crypto trading under a new law. The move signals growing institutional adoption of cryptocurrencies in Russia, despite questions about digital ruble demand.

TREE NEWS update: Real Trump Coins, a Trump-linked project, denied authorizing the GOLD token or any digital asset, blaming ‘bad actors’ for its unauthorized launch. The denial comes amid questions over the project’s X account, associated domains, and concentrated token supply.

TREE NEWS update: Vietnam is piloting a crypto asset market, with five companies having passed initial assessments by crypto exchanges. This marks a regulatory step toward formalizing digital asset trading in the country.

TREE NEWS reports: A report reveals that in South Korea’s top five crypto exchanges, nearly 30% of listed assets are tradable on only one platform, raising liquidity and exit risks for investors. This concentration highlights potential market manipulation and regulatory concerns.

TREE NEWS update: Next week features key events: US August nonfarm payrolls on Sept 4, Revolut delists USDT on Aug 31, Russia restricts retail crypto trading to BTC, ETH, USDT from Sept 1, and Vietnam enforces new crypto penalties. Also, Franklin Templeton files for Bitcoin DRIP ETFs, and several platforms shut down.

TREE NEWS reports: Forbes reports that Europe is accelerating efforts to build alternatives to dollar-backed stablecoins, advancing both a digital euro and private stablecoin initiatives. This dual-track approach aims to reduce reliance on the US dollar in the crypto ecosystem.

TREE NEWS update: Sberbank, Russia’s largest bank, will now accept Bitcoin, Ethereum, and USDT as collateral for loans, marking a significant move by a major traditional financial institution into crypto. This development signals growing mainstream adoption of digital assets in Russia despite regulatory uncertainties.

TREE NEWS reports: realtrumpcoins has announced that it has not launched or authorized any digital tokens and is cooperating with law enforcement agencies in investigating related incidents. The statement aims to clarify its stance amid potential confusion in the crypto community.

TREE NEWS update: Senator Bernie Sanders has pledged to introduce legislation to curb the use of AI-powered surveillance cameras by companies like Flock, warning that over 120,000 such devices are pushing the US toward a surveillance state. His stance adds to growing bipartisan concerns over privacy and civil liberties in the face of advanced surveillance technology.

TREE NEWS reports: UK police have seized 20.21 bitcoins, valued at $1.4 million, linked to a dark web marketplace that operated between 2016 and 2019. The seizure underscores ongoing efforts to trace and confiscate illicit crypto proceeds.

TREE NEWS update: The Taliban government in Afghanistan has issued a ban on Bitcoin and cryptocurrency trading. This move is part of broader restrictions on digital assets in the country.

TREE NEWS update: Interpol’s Jackal IV operation has led to the arrest of 58 individuals, focusing on investment scams involving cryptocurrencies. The operation targeted fraudulent schemes that exploited digital assets to deceive victims globally.

TREE NEWS update: The General Manager of the Bank for International Settlements (BIS) stated that stablecoins are not credible for large-scale payments, citing concerns over their reliability and regulatory oversight. This highlights ongoing skepticism from traditional financial institutions towards digital assets.

TREE NEWS reports: BIS chief Pablo Hernández de Cos stated that stablecoins lack credibility for payments at scale, citing regulatory and operational risks. A new FSI study highlights significant differences in issuer rules across jurisdictions, underscoring the need for global standards.

TREE NEWS update: British police have seized approximately $1.4 million in cryptocurrency, with the funds traceable to a now-defunct darknet marketplace. The operation highlights ongoing efforts to track and confiscate illicit digital assets.

TREE NEWS update: Hong Kong’s Securities and Futures Commission has named Starcapital as an unlicensed firm, warning that some funds lost in London gold margin calls were deposited in USDT and may be hard to recover. The regulator urges investors to verify licenses and avoid unregulated platforms.

TREE NEWS update: New York state officials warn that AI-generated deepfakes and fraudulent crypto projects are making investment scams increasingly convincing. The combination of advanced technology and fake digital assets poses a growing threat to investors, urging heightened vigilance.

TREE NEWS update: The US Commodity Futures Trading Commission (CFTC) has fined a former White House teleprompter operator $172,000 for fraudulent digital asset trading activities. The case underscores regulatory scrutiny on crypto-related misconduct.