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Forbes ‘World’s Billionaire List’ Features 16 Crypto Moguls


The 2025 list identifies 3,028 billionaires from across the world in a variety of industries, including crypto. Crypto Wealth Surge: 16 Digital Asset Billionaires Make Forbes 2025 List Nothing screams success like the word “billionaire,” and this year, the crypto industry has sixteen moguls worth...

Lack of Disclosure on LUNA Costs Galaxy Digital $200 Million


Galaxy Digital, founded by Michael Novogratz, has agreed to pay $200 million in penalties to resolve allegations that it violated New York laws by promoting the cryptocurrency LUNA without disclosing its financial interests. Galaxy’s LUNA Disclosure Failure Violated NY Laws Michael...

AI Coins Rebound as OpenAI’s $40B Raise Sparks Fresh Momentum


Artificial intelligence (AI)-linked cryptocurrencies climbed sharply on Tuesday after OpenAI secured a $40 billion capital injection from Japan’s Softbank, Microsoft, and other investors. With this latest round, OpenAI’s valuation now stands at $300 billion. OpenAI’s $40B Funding Round Lifts...

Brazil Bans Retirement Funds From Investing in Cryptocurrency


The National Monetary Council, one of the major institutions managing monetary system policies in Brazil, issued this cryptocurrency investment ban for pension funds as it considered crypto’s “specific investment and risk characteristics” in a resolution issued on March 27. Brazil...

SEC Nigeria to Regulate Virtual Asset Service Providers Under New Law


Nigeria has taken a significant step towards regulating cryptocurrencies with the signing of the Nigerian Investments and Securities Act (ISA) 2025 into law. Cryptocurrency Officially Recognized As Asset Class The Nigerian Investments and Securities Act (ISA) 2025, recently signed into law...

Terraform Labs Sets March 31 Launch for Crypto Loss Claims Portal


Terraform Labs will launch a Crypto Loss Claims Portal on March 31, 2025, enabling investors impacted by the 2022 collapse of terrausd (UST) and associated cryptocurrencies to seek compensation. Kroll to Manage Terraform’s Crypto Loss Claims Process According to Terraform Labs, the portal, managed...

T-Mobile Hit With $33M SIM Swap Award Over Crypto Theft


T-Mobile was ordered to pay $33 million after an arbitration panel found it liable for “numerous security failures” enabling a SIM swap that led to crypto theft. Crypto Theft via SIM Swap Leads to $33 Million Loss for T-Mobile Law firm Greenberg Glusker shared on March 20 that it had obtained a...

FSCA Warns South African Investors to Steer Clear of Unlicensed Crypto Firms


South Africa’s financial services industry watchdog has issued a warning against unlicensed crypto trading firms accused of soliciting public funds while promising unrealistic returns of up to $542 per day. Unlicensed Crypto Firms Use Celebrity Names to Promote Offerings South Africa’s...

5,000 US Banks Cleared for Crypto—Regulators Unlock Digital Assets


Over 5,000 U.S. banks can now enter crypto markets as regulators lift approval requirements, signaling a major shift toward digital asset integration and streamlined oversight. US Regulators Unlock Crypto for Over 5,000 Banks The Federal Deposit Insurance Corporation (FDIC) issued a pivotal policy...

FDIC Greenlights Bank Crypto Activities—No Approval Needed


The FDIC announced that banks can engage in legally permitted crypto activities without prior regulatory approval, reversing previous policy, Reuters reported on Friday. This move follows a similar decision by the Office of the Comptroller of the Currency. “The FDIC is turning the page on...

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