Crypto News

Cronos blockchain’s proposal to reissue 70 billion previously burned CRO tokens (worth $6.3 billion) into a locked reserve has drawn criticism, with some stakeholders urging a veto. Cronos Proposes 70B CRO Token Reallocation Proposal The Cronos blockchain, developed by the crypto exchange Crypto.com, is considering a governance proposal to reintroduce 70 billion CRO tokens—equivalent toSource link

Crypto custody firm Copper has hired Tammy Weinrib as its new chief compliance officer and Bank Secrecy Act (BSA) officer for the Americas, the company said in a press release Monday.Weinrib will lead the firm's licensing drive in the U.S. market and will be part of Copper's executive team, based in New York.Her hire is part of Copper's expansion in the U.S., and follows the appointment of Amar Kuchinad as global CEO in October last year.Weinrib was previously employed as chief compliance officer and BSA officer at Binance.US. Prior to this she worked at crypto exchange Gemini.She enjoyed a career in traditional finance before getting into crypto, with stints at Wall Street bank Citi (C), The Royal Bank of Scotland...

U.S. lawmakers have launched the Congressional Crypto Caucus, a coalition aiming to shape digital asset policy and defend blockchain innovation as demand for crypto-friendly legislation rises. US Lawmakers Establish Congressional Crypto Caucus Congressman Ritchie Torres and House Majority Whip Tom Emmer have announced the launch of the Congressional Crypto Caucus, a bipartisan group aimed atSource link

Crypto exchange-traded products (ETPs) suffered their largest weekly sell-off on record, with investors pulling approximately $2.9 billion from these funds, according to a report by CoinShares published on Monday.The massive outflows mark a significant shift in sentiment after a prolonged period of steady investment into digital asset products.This latest wave of withdrawals extended a three-week streak of outflows, now totaling $3.8 billion. CoinShares research analyst James Butterfill pointed to several factors likely driving the sell-off, including mounting investor concerns following the recent $1.5 billion hack on crypto exchange Bybit and the Federal Reserve’s increasingly hawkish stance on monetary policy.Before this downturn, crypto investment products had enjoyed 19 consecutive weeks of inflows, suggesting that some investors were locking in profits amid...

The first of its kind group will allow pro-industry lawmakers to vote as a bloc on key legislation.Source link