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The Department of Government Efficiency team — or DOGE, which is not an official US government department — led by Tesla CEO Elon Musk is reportedly moving into the Securities and Exchange Commission (SEC). According to a March 28 Reuters report, Musk’s DOGE team contacted the SEC and was told it would be given access…

Key takeaways Bitcoin is legal in Australia and is regulated by AUSTRAC and the Australian Taxation Office (ATO).  You can buy Bitcoin on various platforms, including centralized exchanges, decentralized exchanges (DEXs), P2P platforms and Bitcoin ATMs Payment options are diverse, including credit cards, debit cards, bank transfers and fiat cash deposits at ATMs Store your…

Michael Novogratz’s crypto investment firm Galaxy Digital agreed to pay $200 million in a settlement related to its alleged promotion of the now-collapsed cryptocurrency Terra (LUNA) According to New York Attorney General’s Office documents filed on March 24, Galaxy Digital acquired 18.5 million LUNA tokens at a 30% discount, then promoted them before selling them…

The United Arab Emirates expects its digital dirham central bank digital currency to roll out in the fourth quarter of 2025.  According to a report in the Khaleej Times, Central Bank of the UAE Governor Khaled Mohamed Balama reportedly said that the blockchain-based currency could improve financial stability and help combat financial crime. According to…

North Korea-affiliated hackers may have scaled back their operations in the second half of 2024 while preparing for what became the largest crypto hack in history. The crypto industry was rocked by the enormous hack on Feb. 21 when Bybit lost over $1.4 billion to the infamous North Korean Lazarus Group, which seems to have…

Bitcoin (BTC) risks falling into a fresh bear market as a large collection of BTC price metrics has produced a “bearish divergence.” In a social media discussion on March 27, Bitcoin commentators flagged troubling signals from the Capriole Investments’ Bitcoin Macro Index. Bitcoin Macro Index slump “not great,” says creator As BTC/USD struggles to return…

South Carolina has become the latest US state to dismiss its lawsuit against crypto exchange Coinbase over its staking services, which had accused the crypto exchange of offering unregistered securities. The lawsuit was officially dismissed in a joint stipulation between the crypto exchange and the South Carolina Attorney General’s securities division on March 27. “South…

Darkweb threat actors claim to have hundreds of thousands of user records — including names, passwords and location data — of Gemini and Binance users, putting the apparent lists up for sale on the internet.  The Dark Web Informer, a Darkweb cyber news site, said in a March 27 blog post that the latest sale…

The European Union’s insurance authority has proposed a blanket rule that would mandate insurance firms to maintain capital equal to the value of their crypto holdings as part of a measure to mitigate risks for policyholders. The new proposal — made by the European Insurance and Occupational Pensions Authority in a Technical Advice report to…

ChatGPT creators OpenAI have introduced rate limits after a viral social media trend that saw nearly everything “Ghiblifyied” — turned into AI art in the style of the famous Japanese animation studio.  OpenAI CEO Sam Altman was one of the first to take part in the trend, posting a portrait of himself generated by the…