News
12 Aug 2025, 08:34
Vitalik Buterin Proposes Ethereum Address Recovery Feature to Enhance Wallet Security
Vitalik Buterin has proposed a new Ethereum wallet recovery feature that allows users to set Ethereum addresses for account recovery, enhancing security and user trust. Buterin’s proposal could streamline digital
12 Aug 2025, 08:32
Wisconsin Lawmakers Renew Push to Regulate Crypto Kiosks Amid $247M Fraud Losses
Wisconsin legislators are making a renewed push to rein in cryptocurrency kiosks, filing a second bill in two weeks aimed at curbing fraud tied to the machines. Key Takeaways: Wisconsin lawmakers have introduced twin bills to regulate the state’s 582 crypto kiosks. FinCEN reported a 99% surge in kiosk-related scams in 2024, with losses reaching $247 million. The proposals cap daily transactions at $1,000. Senate Bill 386 , introduced Monday by Sen. Kelda Roys and six colleagues, mirrors Assembly Bill 384, filed last month by Rep. Ryan Spaude and ten co-sponsors. Both measures target the 582 Bitcoin ATMs scattered across the state’s gas stations, grocery stores, and convenience shops. FinCEN Flags 99% Surge in Crypto Kiosk Scams, $247M in Losses The bills come as the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) warns of a sharp rise in crypto kiosk scams, with fraud complaints up 99% in 2024 and reported losses climbing 31% to nearly $247 million. Wisconsin’s proposals would place kiosk operators under the state’s money transmitter licensing system and impose strict consumer protections, including fraud alerts, transaction caps, and tighter identity checks. If passed, both bills would cap daily exchanges at $1,000 per customer and limit operator fees to $5 or 3% of the transaction amount. Machines would be required to display bold warnings, such as: “FRAUD ALERT! Criminals seek to defraud virtual currency customers by impersonating loved ones, government officials, law enforcement officers, or charities.” The legislation also mandates robust identity verification before any transaction, collecting a customer’s name, date of birth, address, phone number, and government-issued photo ID. Proponents say these measures, while reducing anonymity, are essential to building public trust. Wisconsin’s SB386 would force #Bitcoin ATMs to require full KYC, photo ID, and cap transactions at $1k. pic.twitter.com/JM2tydjE7i — TFTC (@TFTC21) August 11, 2025 “While crypto ATMs were developed as a natural extension of the crypto ecosystem… the absence of robust KYC protocols has made them vulnerable to money laundering and illicit activities,” said Arjun Vijay, founder of exchange Giottus. The bills go further by requiring refunds for fraud victims who notify authorities within 30 days, a move designed to protect elderly and vulnerable residents who have been prime targets in scams. Wisconsin’s efforts follow similar crackdowns abroad, including Australia’s transaction limits and New Zealand’s planned ban on crypto kiosks. In the US, Washington state’s Spokane city council recently voted to remove all kiosks after federal probes linked them to billions in fraud-related losses. Both bills are now before the Committee on Financial Institutions, with identification requirements slated to take effect 60 days after passage if approved. More Countries Clamp Down on Crypto ATMs Wisconsin’s move follows similar efforts abroad. In Australia, AUSTRAC recently introduced stricter rules for crypto ATM operators, including tighter cash limits and monitoring. Last month, the regulator refused to renew the registration of a local crypto ATM operator , Harro’s Empires. The agency placed operating conditions, including transaction limits, on them. In the US, Spokane, Washington, has banned crypto ATMs entirely , citing their use in scams targeting vulnerable residents. Lawmakers in the US Senate are also attempting to tighten laws on a state and local level, with one attempt led by Illinois Senator Dick Durbin. He has introduced the Crypto ATM Fraud Prevention Act, which would bring in legislative measures designed to protect the public, while attempting to limit inconvenience for law-abiding users. New users would be prevented from spending more than $2,000 a day at one of these machines, rising to $10,000 in a 14-day period. The post Wisconsin Lawmakers Renew Push to Regulate Crypto Kiosks Amid $247M Fraud Losses appeared first on Cryptonews .
12 Aug 2025, 08:32
Shiba Inu (SHIB) Rockets Off $0.000012: Is $0.000014 in Sight?
Shiba Inu recovery could be around corner if 50 EMA plays out properly
12 Aug 2025, 08:30
Crypto Market Passes $4T — BTC, ETH & XRP Lead While This Altcoin Could Deliver 100x Gains Before Year-End
The crypto market has hit a huge milestone. Total market capitalization has crossed $4 trillion. In addition, the momentum shows no signs of slowing. Bitcoin (BTC), Ethereum (ETH), and XRP are leading the charge. At the same time, traders are buzzing about one emerging altcoin that could potentially deliver massive gains before the year ends—MAGACOIN FINANCE. MAGACOIN FINANCE—Analysts See 87x ROI Potential ROI analysts estimate MAGACOIN FINANCE at an 87x return by year-end, making it one of the boldest forecasts in the current market. The coin has been getting a lot of traction, with new investors coming in on a daily basis and the interest of the whales beginning to pick. It has demonstrated good volume and speed of recovery when trading in the recent past. This is perceived as strength by many traders. With the market now at a record high, early movers in MAGACOIN FINANCE are hoping to ride the wave for outsized gains. Bitcoin Still Holds the Crown Bitcoin remains the number one cryptocurrency by market cap and the main driver behind the $4 trillion milestone. It has held above key support levels for weeks and continues to attract institutional inflows. Many traders believe BTC could hit new highs before the year ends. Its stability compared to smaller coins makes it a popular choice for both short-term traders and long-term holders. The strong market sentiment is giving Bitcoin a clear advantage in leading the rally. Ethereum’s Growing Strength Ethereum has also been a major contributor to the market’s rise. Its network activity is climbing again with higher DeFi usage and NFT transactions. ETH’s price has pushed through resistance levels, bringing in fresh capital. Developers continue to build on its blockchain, which keeps demand steady. With the market now bullish, many expect Ethereum to maintain this upward pace. It remains a go-to option for investors who want exposure to the broader ecosystem beyond Bitcoin. XRP’s Big Comeback Since the start of the year, XRP has made a remarkable recovery. After getting past legal obstacles, it is now trading above levels not seen in months. It has been gaining popularity among financial institutions due to its focus on cross-border payments. The increasing use of XRP is contributing to the general market rally. Traders are keenly observing whether it will finally manage to breach its next resistance and attract higher targets. Conclusion The crypto market’s jump past $4 trillion has created a wave of excitement. Bitcoin, Ethereum, and XRP are leading the rally, each supported by strong fundamentals and renewed investor interest. Yet it is MAGACOIN FINANCE that is drawing some of the loudest conversations among traders. With analysts forecasting up to an 87x return before the year ends, it has earned a place on many watchlists. If momentum continues, it could be the breakout story of the next few months. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Crypto Market Passes $4T — BTC, ETH & XRP Lead While This Altcoin Could Deliver 100x Gains Before Year-End
12 Aug 2025, 08:30
Bill Morgan Defends Ripple’s XRP Escrow as Key to Its Market Price Stability
Lawyer Bill Morgan says XRP escrow supports price stability, not suppression. Ripple’s 1B monthly XRP release has been a predictable “non-event” for years. The SEC lawsuit evidence backs escrow as a pro-market, not anti-market, tool. Lawyer Bill Morgan has defended Ripple’s XRP escrow system by referencing CEO Brad Garlinghouse’s August 2017 explanation of its benefits for supply predictability and market trust. Morgan’s comments address ongoing criticism about monthly escrow releases. He stressed that the mechanism was designed to support rather than suppress XRP prices. The debate originated when analyst CrediBULL Crypto posted analysis suggesting XRP might outperform Ethereum after meeting downside targets. An X user questioned Ripple’s monthly release of 1 billion XRP from escrow. This prompted CrediBULL to explain that these releases have occurred regularly for years as a “non-event.” Garlinghouse explained the benefits of the escrow 8 years ago: * supply predictability; * trusted XRP markets. Even after eight years, if you do not agree with him, there are scores of compelling reasons why the release of XRP from escrow provides no helpful explanat… The post Bill Morgan Defends Ripple’s XRP Escrow as Key to Its Market Price Stability appeared first on Coin Edition .
12 Aug 2025, 08:30
Stablecoins Dominate Digital Asset Transactions in Sub-Saharan Africa, Surpassing Bitcoin
A study revealed that stablecoins represented 43% of cryptocurrency transactions in Sub-Saharan Africa in 2024, significantly outpacing bitcoin’s 18.1% share. Transaction Growth and Nigerian Dominance According to a study, stablecoins accounted for 43% of cryptocurrency transactions in Sub-Saharan Africa (SSA) in 2024, more than double that of bitcoin (18.1%). Nigeria and South Africa lead the
