The Guardian - Cryptocurrency News Sites

British foreign secretary told to impose new measures as ruble-pegged cryptocurrency A7A5 is supported in countryMore than 20 MPs and peers have called on the foreign secretary to take action against institutions and individuals in Kyrgyzstan allegedly facilitating large-scale Russian sanctions evasion.They urged the UK to levy personal sanctions against three top Kyrgyz officials for their alleged role in facilitating Russian sanctions evasion more broadly, and more specifically for allowing Kyrgyzstan to host infrastructure supporting the cryptocurrency A7A5. Continue reading...

Top buyers promised access at Mar-a-Lago event as Democrats and watchdogs warn of pay-to-play risksDonald Trump is slated to star at a cryptocurrency bash on 25 April at his Mar-a-Lago club for scores of purchasers of his crypto memecoin $Trump that has enriched him while in office. The move is fueling renewed criticism from top Democrats and ethics watchdogs that he is using the presidency for financial gains in a break with ethical norms.The Trump-linked Fight Fight Fight LLC has hyped the event as “THE MOST EXCLUSIVE CRYPTO & BUSINESS CONFERENCE IN THE WORLD”. It’s promising a luncheon with Trump as its keynote speaker, according to the memecoin’s official website and its social media account. Continue reading...

Justin Sun alleges World Liberty Financial installed tools to prevent sale of his tokens after they became tradeableThe billionaire crypto entrepreneur Justin Sun on Tuesday sued World Liberty Financial, the digital currency venture co-founded by Donald Trump and his sons, alleging that World Liberty illegally froze his holdings of tokens issued by the company.Sun, the largest investor in World Liberty, alleged in the lawsuit, filed in a federal court in California, that the company secretly installed tools to prevent the sale of his tokens after they became tradeable in September 2025. The lawsuit also alleges that World Liberty threatened to “burn” – or permanently delete – his holdings, even while they were in Sun’s digital wallet. Continue reading...

Resignation announced of Jai Patel, whose liquidated crypto firm was relaunched as Stack BTC this yearThe chief executive of a bitcoin company promoted by Nigel Farage has left his role as the venture attempts to convince investors that it is going to deliver “long-term value” for shareholders.Stack BTC was launched to much fanfare in March this year, with Farage and former chancellor Kwasi Kwarteng becoming some of its first shareholders. The company says its founder is Paul Withers, a friend of the Reform UK leader who owns a gold bullion company that Farage has also promoted, Direct Bullion. Continue reading...

Justin Sun said World Liberty Financial built a ‘backdoor blacklisting function’ that froze his account. ‘We have the truth. See you in court,’ the company respondedSign up for the Breaking News US email to get newsletter alerts in your inboxThe largest investor in Donald Trump’s crypto venture has claimed that the firm “secretly” implemented a tool to unilaterally freeze his holdings of its cryptocurrency. He claimed the company could do the same to any other user.In posts on social media platform X on Sunday, crypto entrepreneur Justin Sun said, without offering evidence, that World Liberty Financial had embedded what he described as a “backdoor blacklisting function” in the blockchain-based contracts used for the WLFI tokens. Continue reading...

Promotion of ‘bitcoin treasury’ firm with Kwasi Kwarteng draws new attention to Reform leader’s relations with industryA thumping electronic beat provides the soundtrack to the video as Nigel Farage appears in front of a bank of screens.At first glance, it could be yet another of the Reform UK leader’s “second jobs” – whether promoting gold as a pension fallback or recording Cameo videos. And in a sense, it is: Farage is promoting a £2m cryptocurrency purchase by a company in which he has £215,000 invested, Stack BTC. Continue reading...

Chancellor ‘frustrated and angry’ at the effect on UK firms and families and says US went into war without a clear exit plan Q: Why are you calling for an inquiry into Nigel Farage’s investment in a bitcoin firm?Davey said that, in investing in crypto, Farage, the Reform UK leader, seemed to be copying Donald Trump. He said he thought MPs should be banned from promoting financial services or products.[Farage is] now promoting this business. The question is, is he persuading people to put money into a risky business?And the conclusion I draw from this example is that we need to change the rules for MPs. MPs should not be allowed to promote specific financial services or products in the way we’re seeing Nigel Farage doing.We need to get together as a country. The defence challenges for our country are so serious, with war on our continent for the first time for a long time, with Russia invading Ukraine, surely that’s been the wake up call that we needed. The government hasn’t gone as fast as it should have given those circumstances. Continue reading...

The home secretary made the comments after an inquiry revealed that the system ‘completely failed’Keir Starmer has confirmed that he wants to stop children being exposed to addictive scrolling features on their phones as part of measures to protect them from social media.The PM is under pressure to implement an Australian-style ban on social media for under-16s, and the government is consulting on whether to go ahead with a full ban, or whether to just impose more specific restrictions.It’s not a question of if we do something, it’s what we do.The addictive scrolling mechanisms are really problematic to my mind, they need to go.Despite some lower-income households receiving a long-overdue real-terms increase in their benefits, we now estimate – based on market-forecasts for the rise in energy prices consistent with market pricing after the announcement of a ceasefire – that average income growth for the poorest fifth this year is now set to be just 1.2 per cent, down from 2.8 per cent before the conflict.The picture is brighter for families in the bottom half of the income distribution with three or more children. Even after the inflation shock, the abolition of the two-child limit is estimated to deliver 7.7 per cent income growth for this group this year – compared to 0.0 per cent for poorer families with fewer than three children.Despite hopes for a sustained peace, the path of this conflict remains uncertain and energy prices remain well above pre-war levels, meaning many households face a decline in their purchasing power this year. Continue reading...

Just as the industry is set to capitalize on country’s political and economic instability, president accused in $5m schemeThe Argentinian president, Javier Milei, is facing his lowest approval ratings since taking office in 2023 as newly published evidence allegedly reveals a $5m financial agreement connected to his public endorsement last year of a controversial crypto project.The scandal has tarnished crypto’s reputation across Argentina and set back the ambitions of industry insiders who saw the country as fertile soil for the growth of digital money. Continue reading...