Skip to main content

Posts

Schumer Pushes New Agency for Corruption Oversight, Targets Crypto Ties

Senate Minority Leader Chuck Schumer has introduced new federal legislation aimed at creating an “Anti-Corruption Bureau” with the power to investigate, enforce, and prevent executive-branch corruption. The proposal also folds into a wider political fight over cryptocurrency ethics and market-structure reform, as Schumer’s remarks directly referenced President Donald Trump’s financial ties to crypto. According to Schumer’s office, the bill—called the Anti-Corruption Bureau Creation Act —would establish a new agency designed to replace what he described as a fragmented system of oversight bodies. Schumer and cosponsors presented the effort as a targeted response to conflicts of interest they say stem from public office and lucrative crypto-related investments. Key takeaways Schumer introduced the Anti-Corruption Bureau Creation Act , proposing a dedicated US agency to investigate, enforce, and prevent executive-branch corruption. The bill’s rationale ties to alleged Trump-linked fin...
Post a Comment
Read more
Recent posts

Ontario Survey Finds Canadian Crypto Ownership Rises to 25%

Canadian crypto participation is rising quickly, according to fresh research from the Ontario Securities Commission (OSC). The regulator’s latest survey suggests that the share of Canadians who own cryptocurrencies has climbed to 25% in 2026, up from 10% in 2023—an expansion that also coincides with broader awareness of crypto assets. The OSC released the findings Tuesday, based on a poll of 2,360 Canadians aged 18 and over conducted between December 2025 and January 2026. The study found that 59% of respondents said they are aware of crypto assets, while 25% reported that they currently hold cryptocurrencies. Key takeaways The OSC survey reports crypto ownership has reached 25% in 2026, compared with 10% in 2023. Awareness increased alongside ownership, with 59% of respondents indicating they know about crypto assets. About half of crypto owners said they check whether a platform is registered before using it. Despite growing caution, the OSC found widespread confusion about r...
Post a Comment
Read more

Bitcoin Holds Steady as US PCE Inflation Falls for First Time in 6 Years

Bitcoin traded with subdued volatility on Thursday as a rebound in US equities and a softer read on inflation reduced the pressure investors had placed on risk assets. In late US trading, BTC held near $64,500, largely steady from the prior day, after market attention shifted to June’s US Personal Consumption Expenditures (PCE) inflation release. The PCE report showed inflation cooling to 3.7% year-on-year—matching expectations—while S&P 500 and Nasdaq Composite gains reflected a broader “risk-on” tone. Even so, commentators cautioned that the numbers still sit well above the Federal Reserve’s 2% target, keeping the longer-term debate about the inflation path alive. Key takeaways Bitcoin largely shrugged off Thursday’s macro-driven volatility, holding around the $64,500 area as US stocks rebounded. June PCE inflation came in at 3.7% year-on-year, in line with forecasts, ending a short-term uptrend in the data. Despite the cooler print, inflation remains materially above the F...
Post a Comment
Read more

Australia Sues Telegram Over Alleged Extremist Content

Telegram is facing a fresh legal fight in Australia after the country’s online safety regulator moved to seek civil penalties, alleging the messaging service did not adequately address terrorism-linked content. According to a statement from Australia’s eSafety Commissioner, the regulator filed civil penalty proceedings against Telegram in the Federal Court on Thursday, accusing the platform of failing to meet obligations under the nation’s Online Safety Act. Key takeaways Australia’s eSafety Commissioner has launched civil penalty proceedings against Telegram in Federal Court over alleged failures to tackle pro-terror content. The regulator alleges Telegram did not respond sufficiently to multiple user complaints and that some reported material remained visible for as long as three weeks. eSafety claims Telegram failed to take adequate preventive steps, including actions to remove or disrupt repeat violators such as channels and groups. The case forms part of broader, escalatin...
Post a Comment
Read more

South Korea Crypto Trading Spikes as Stock Market Drops

South Korean crypto markets saw a sharp burst in activity after the KOSPI suffered steep losses this week, highlighting how equity sell-offs can quickly redirect attention toward digital assets—and related products traded overseas. According to data from Upbit, trading between the Korean won and Tether (USDT) accelerated rapidly during the index’s decline. Meanwhile, analysts are pointing to a different storyline in parallel: despite the macro pressure weighing on risk assets, Bitcoin has shown relative strength compared with large U.S. stock benchmarks. Bitwise’s latest research argues that the cryptocurrency’s performance is increasingly notable as financial conditions tighten. Key takeaways Upbit KRW/USDT volume nearly hit 200 billion won (about 140 million USDT) on July 29, up from roughly 20 million USDT on July 25—about a 600% jump. Local analysis linked the surge to fund rotation away from Korean equities and toward crypto trading or stock-linked derivatives available throug...
Post a Comment
Read more

Samsung SDS Partners With Dunamu to Build Stablecoin Infrastructure

Samsung SDS, the IT services arm of Samsung Group, says it is exploring cooperation with Dunamu—operator of South Korea’s Upbit exchange—across stablecoin infrastructure, digital asset systems and AI-enabled payment models. The discussions were outlined during Samsung SDS’ second-quarter earnings call on Thursday, according to remarks from CEO Lee Jun-hee. The effort also arrives as Samsung Electronics continues to expand its digital asset footprint, including recent plans to add stablecoin support to Samsung Wallet. Together, the moves point to a broader push by Samsung-related entities toward regulated digital finance rails rather than purely retail-facing crypto features. Key takeaways Samsung SDS is in talks with Dunamu on stablecoin infrastructure and broader digital asset system development. CEO Lee Jun-hee framed the Dunamu relationship as expansion in infrastructure capabilities, not a standalone financial investment. Samsung affiliates already have ties to Dunamu: Samsun...
Post a Comment
Read more

Fed Leaves Interest Rates Unchanged, Bitcoin (BTC) Holds Above $64,000

The Federal Reserve left benchmark interest rates unchanged at 3.5% and 3.75%. However, three officials dissented in favor of a quarter-point hike. Analysts believe the market had already priced in the decision, with Bitcoin (BTC) and other cryptocurrencies registering only marginal changes following the meeting. The flagship cryptocurrency is up 1.45%, trading around $64,491. Interest Rates Unchanged The Federal Reserve left interest rates unchanged after a 9-3 vote in favor of the decision. The presidents of the Cleveland, Dallas, and Minneapolis Federal Reserve dissented with the decision, favoring a quarter-point hike. Bitcoin briefly crossed $64,000 following the decision but slipped back toward $63,000 before reclaiming $64,000. The Fed highlighted stable unemployment levels and job growth, and said economic activity is expanding at a solid pace. However, it conceded that inflation remains above the 2% target. Fed Chair Kevin Warsh has yet to give detailed guidance on future poli...
Post a Comment
Read more