Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Kazakhstan plans to establish a state crypto reserve, potentially managed by a National Bank affiliate, according to Chairman Timur Suleimenov. The reserve would be funded through confiscated crypto-assets and digital currencies mined with government participation. This initiative marks a strategic step toward integrating crypto into the country’s financial framework. By creating a centrally managed reserve, Kazakhstan aims to enhance control over digital assets while leveraging them as a new form of national financial security.

Metaplanet has made another major Bitcoin purchase, adding 1,005 BTC to its treasury at $108.1 million. This latest acquisition brings the company’s total Bitcoin holdings to 13,350 BTC. The move reflects Metaplanet’s ongoing strategy to strengthen its position in the crypto market. As traditional firms explore digital assets, Metaplanet continues to lead with bold Bitcoin accumulation. The company’s growing BTC stash signals a strong belief in Bitcoin’s long-term value and role in corporate reserves.

WazirX has received the green light from the Singapore Court to submit further arguments in favor of its proposed restructuring plan. The Court also extended the moratorium, originally set to end on June 6, 2025, providing the exchange with continued legal protection while proceedings continue. This development gives WazirX a crucial window to reinforce its case. The company now awaits further instructions from the Court and has assured its users of ongoing efforts to resolve the situation transparently.

UK-based web development firm, The Smarter Web Company, has strengthened its Bitcoin portfolio by purchasing 196.9 BTC at an average price of $103,290. This latest addition brings its total Bitcoin holdings to 543.52 BTC. The move reflects the company’s strategic shift toward digital assets as part of its long-term financial planning. By increasing its exposure to Bitcoin, Smarter Web joins a growing number of firms integrating crypto into their treasury reserves, signaling rising confidence in Bitcoin’s role as a store of value.

Japanese firm Metaplanet is going all in on Bitcoin, allocating $5 billion to its U.S. subsidiary to accelerate BTC purchases. The company aims to build a massive Bitcoin reserve of 210,000 BTC by the end of 2027. This bold move signals Metaplanet’s long-term commitment to Bitcoin as a strategic treasury asset. With this aggressive acquisition plan, the company is positioning itself as a major player in the global Bitcoin landscape, following in the footsteps of companies like MicroStrategy.

In response to a major $100 million hack targeting Nobitex, Iran’s largest crypto exchange, authorities have introduced a strict curfew on all crypto exchange operations. Platforms are now only allowed to operate between 10 a.m. and 8 p.m. daily. The move is seen as an effort to prevent capital flight and increase oversight of digital asset transactions. The decision highlights growing government concerns over crypto-related risks and the need for tighter control in the sector.

The Frankfurt Prosecutor’s Office announced the seizure of the crypto platform eXch by law enforcement. Authorities confiscated €34 million and the platform’s infrastructure. eXch is under suspicion for providing money laundering services related to several high-profile crypto hacks, including the Bybit hack, multisig vulnerabilities, the FixedFloat exploit, and the $243 million Genesis Creditor theft. This crackdown highlights ongoing efforts to combat illicit activities in the crypto space.

The National Consumer Disputes Redressal Commission (NCDRC) has dismissed a lawsuit filed against WazirX over a ₹2000 crore hack. The court ruled that there is no established legal framework for cryptocurrency-related issues in India. As a result, the case against the crypto exchange was thrown out, highlighting the regulatory gap surrounding cryptocurrency in the country. This decision marks a significant moment in the ongoing debate over crypto regulations in India.

Thailand’s Securities and Exchange Commission has approved Tether’s USDT as a regulated cryptocurrency, allowing it to be traded and used for payments. The updated regulations, set to take effect on March 16, 2025, aim to enhance flexibility in the digital asset sector. With USDT accounting for 40% of local crypto volumes, this move strengthens Thailand’s position as a digital asset hub. Tether’s CEO, Paolo Ardoino, praised the decision, emphasizing the company’s commitment to supporting Thailand’s crypto ecosystem.

President Donald Trump teased on Truth Social Thursday a new round of reciprocal tariffs, aiming to match the higher rates other countries charge on American imports. He described it as “THE BIG ONE” in his post, calling it a key step to “MAKE AMERICA GREAT AGAIN.” Reciprocal tariffs were a key part of Trump’s campaign. He wanted to create a fairer trading system by imposing tariffs (taxes) on goods from other countries that charge high tariffs on U.S. products. The tariffs are expected to impact developing countries the most, particularly India, Brazil, Vietnam, and other nations in Southeast Asia and Africa. These countries have some of the widest differences between the tariff rates they charge on US goods and what the US charges them.