Crypto

Myanmar's Parliament has passed a sweeping anti-online scam bill that introduces prison terms of 10 years to life for cryptocurrency scams and operating scam centers, marking the country's most aggressive move yet against a booming cyber-fraud industry.

The recent initial public offerings of SpaceX and Cerebras Systems have ignited a fierce competition between Solana and Hyperliquid, two blockchain platforms vying to dominate the market for tokenized stocks and perpetual futures, or 'perps.' Brian Smith, president of the Jito Foundation—a key player in Solana’s ecosystem—argues that perps represent a 'Trojan horse' capable of bringing the entirety of traditional finance onto blockchain rails.

Russian authorities have placed Telegram founder Pavel Durov on an international wanted list, escalating a criminal case that accuses him of facilitating terrorist activity, according to Russia’s Federal Security Service (FSB).

Cross-border payments have emerged as the most promising near-term use case for stablecoins, according to the Financial Conduct Authority’s Stablecoin Sprint, a policy initiative that gathered industry participants to evaluate the technology’s potential.

Uniswap founder Hayden Adams has rejected claims that the newly activated v4 protocol fees reduce liquidity providers' (LPs) earnings, calling the criticism a misunderstanding of the protocol's fee structure.