🔥WILD: Traders are now earning CREDIT CARD points buying MEMECOINS on Robinhood!
Users of Robinhood Wallet and social trading app Fomo are buying memecoins with Visa and Mastercard credit cards, Apple Pay or Google Pay, directly through Crossmint, without even a separate KYC check.
The Block’s tests found the purchases were classified as “digital goods/media” instead of crypto transactions, allowing users to earn credit card points or cash back.
Chase says the transactions were incorrectly classified and has asked Visa to investigate, while the New York Attorney General’s Office is also reviewing the matter.
@headlines
Users of Robinhood Wallet and social trading app Fomo are buying memecoins with Visa and Mastercard credit cards, Apple Pay or Google Pay, directly through Crossmint, without even a separate KYC check.
The Block’s tests found the purchases were classified as “digital goods/media” instead of crypto transactions, allowing users to earn credit card points or cash back.
Chase says the transactions were incorrectly classified and has asked Visa to investigate, while the New York Attorney General’s Office is also reviewing the matter.
@headlines
🚨BREAKING: London Stock Exchange Partners with Kraken’s Parent to Tokenize UK Stocks
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⚖️CLARITY ACT: SEC Chair Atkins says the CLARITY Act vote is set for September 15, and the SEC is building rules to match it.
Atkins calls the new "Regulation Crypto Assets" proposal the SEC's "most historic step" to make America the "crypto capital of the world."
@headlines
Atkins calls the new "Regulation Crypto Assets" proposal the SEC's "most historic step" to make America the "crypto capital of the world."
@headlines
🇸🇬 JUST IN: Singapore proposes BANNING stablecoin issuers from paying yield to holders.
The Monetary Authority of Singapore wants 100% reserve backing at all times, segregated custody, stress testing, and mandatory wind-down plans.
Only licensed issuers can call their tokens "MAS-regulated stablecoins."
The US GENIUS Act, the EU's MiCA, Hong Kong, and Japan already enforce similar rules.
FIVE of the world's biggest financial hubs now regulate stablecoins as payment tools, not investments.
@headlines
The Monetary Authority of Singapore wants 100% reserve backing at all times, segregated custody, stress testing, and mandatory wind-down plans.
Only licensed issuers can call their tokens "MAS-regulated stablecoins."
The US GENIUS Act, the EU's MiCA, Hong Kong, and Japan already enforce similar rules.
FIVE of the world's biggest financial hubs now regulate stablecoins as payment tools, not investments.
@headlines
🚨Goldman Sachs, Citi, BofA Among 21 Global Firms to Launch USD Stablecoin in H1 2027
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🇺🇸 BREAKING: House cancels TWO WEEKS of September session putting the CLARITY Act at risk of a post-election vote.
House Republicans canceled voting sessions for the weeks of Sept. 21 and Sept. 28, leaving the chamber with only one more week of voting before heading home ahead of the November midterms.
The Senate is expected to begin work on the CLARITY Act around Sept. 15, but any Senate amendments would require the bill to return to the House before reaching Trump’s desk.
The crypto market structure bill could now be pushed into the post-election lame-duck session.
@headlines
House Republicans canceled voting sessions for the weeks of Sept. 21 and Sept. 28, leaving the chamber with only one more week of voting before heading home ahead of the November midterms.
The Senate is expected to begin work on the CLARITY Act around Sept. 15, but any Senate amendments would require the bill to return to the House before reaching Trump’s desk.
The crypto market structure bill could now be pushed into the post-election lame-duck session.
@headlines
🚨BULLISH: Bitcoin’s correlation with GOLD hits a SIX-YEAR HIGH.
Bitwise says Bitcoin’s 90-day correlation with gold has surged past 50%, its highest level since 2020, when massive COVID-era stimulus reshaped global markets.
At the same time, Bitcoin’s correlation with the Nasdaq has collapsed to 33% from 60%+, signaling a major shift in how BTC is trading.
@headlines
Bitwise says Bitcoin’s 90-day correlation with gold has surged past 50%, its highest level since 2020, when massive COVID-era stimulus reshaped global markets.
At the same time, Bitcoin’s correlation with the Nasdaq has collapsed to 33% from 60%+, signaling a major shift in how BTC is trading.
@headlines
🚨Just-In: Standard Chartered Turns On Institutional BTC and ETH Spot Trading in the UAE
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🚨 SHOCKING: US Treasury’s FinCEN has identified $12.7 BILLION tied to suspected crypto scams largely run by Southeast Asian criminal organizations.
The agency analyzed 33,904 reports filed between September 2023 and December 2025.
FinCEN said the scams, including pig butchering, romance baiting and crypto confidence schemes, were largely perpetrated by criminal organizations based in Southeast Asia.
Myanmar and Cambodia have passed laws imposing severe penalties, including life imprisonment in certain cases.
@headlines
The agency analyzed 33,904 reports filed between September 2023 and December 2025.
FinCEN said the scams, including pig butchering, romance baiting and crypto confidence schemes, were largely perpetrated by criminal organizations based in Southeast Asia.
Myanmar and Cambodia have passed laws imposing severe penalties, including life imprisonment in certain cases.
@headlines
🚨HUGE: The G7 just warned that quantum computers could one day break the encryption behind Bitcoin.
Its Cybersecurity Working Group is urging governments and companies to adopt "post-quantum" cryptography before such machines arrive.
The risk is real for Bitcoin, where roughly 6.9 MILLION BTC sit in addresses that already expose their public keys.
That includes an estimated 1.1 MILLION coins believed to be Satoshi's, worth over $80 BILLION.
Bitcoin's defense, a quantum-safe address type called BIP-360, is already live on a test network.
A more radical proposal would freeze the vulnerable coins that never migrate, including Satoshi's, but the community rejected it as "authoritarian."
@headlines
Its Cybersecurity Working Group is urging governments and companies to adopt "post-quantum" cryptography before such machines arrive.
The risk is real for Bitcoin, where roughly 6.9 MILLION BTC sit in addresses that already expose their public keys.
That includes an estimated 1.1 MILLION coins believed to be Satoshi's, worth over $80 BILLION.
Bitcoin's defense, a quantum-safe address type called BIP-360, is already live on a test network.
A more radical proposal would freeze the vulnerable coins that never migrate, including Satoshi's, but the community rejected it as "authoritarian."
@headlines
NEW: 🇦🇪 The UAE has introduced new VAT rules for business-related crypto payments.
Companies must convert the value of the digital currency into dirhams for disclosure purposes in their tax return, following a three-step system.
They must also retain records of EVERY exchange rate used.
Approved platforms include Binance, Bybit, Deribit, Bitget and Payward.
@headlines
Companies must convert the value of the digital currency into dirhams for disclosure purposes in their tax return, following a three-step system.
They must also retain records of EVERY exchange rate used.
Approved platforms include Binance, Bybit, Deribit, Bitget and Payward.
@headlines