Invest ideasNews
7 Mar 2026, 11:00
4,277 BTC bought, is 10K next? How STRC is fueling MSTR’s Bitcoin moves!
STRC's trading momentum hinted at growing firepower for MSTR’s Bitcoin purchases.
7 Mar 2026, 11:00
Kazakhstan’s Crypto Bet: Central Bank To Begin $350M Digital Assets Investment In Q2
Kazakhstan’s central bank will soon begin investing up to $350 million from its gold and foreign exchange reserves into cryptocurrency assets and related companies, as part of its broader digital assets strategy. Central Bank Prepares For $350M Investment Into Crypto-Related Assets On Friday, Reuters reported that the National Bank of Kazakhstan (NBK) has formed a portfolio of up to $350 million from its gold and foreign exchange reserves for investment in digital assets. As of February 1, Kazakhstan’s central bank held $69.40 billion in gold and foreign exchange reserves, while the assets of the national fund amounted to $65.23 billion, the news media outlet noted. At a briefing on interest rates, the central bank governor, Timur Suleimanov, affirmed that the financial authority is developing a list of instruments to invest in, which will include crypto-related companies. “These include shares of high-tech companies related to cryptocurrencies and digital financial assets, index funds and other instruments that exhibit similar dynamics to crypto assets,” Suleimanov explained. Meanwhile, Central Bank Deputy Chair Aliya Moldabekova shared that the investments will begin between April and May. She added that there are no plans to make any large investments directly in digital assets, but in companies that deal with them. “We are not talking about any large investment in cryptocurrencies. We are currently selecting companies that deal with digital assets. For example, those involved in cryptocurrency infrastructure. We are currently in the process of selecting such companies,” Moldabekova said. The central bank’s initiative follows Kazakhstan’s plan to establish a national digital asset reserve fund valued between $500 million and $1 billion, primarily comprised of assets seized and repatriated from abroad. Suleimenov announced the plans last year, emphasizing that the fund would prioritize investments in exchange-traded funds (ETFs) and shares of companies operating within the sector. He stressed that the investment strategy would be cautious, avoiding direct exposure to digital assets. Kazakhstan Eyes Regulated Landscape Kazakhstan’s introduction of regulations for digital financial assets could pave the way for a new financial market sector, including tokenized assets and digital assets-fiat payment channels, the central bank governor has stated. According to local reports , Suleimenov proposed on Friday a licensing system for crypto exchanges rather than strict bans, requiring compliance with anti-money laundering (AML), counter-terrorist financing (CTF), tax, and payment regulations to boost the fintech sector and the country’s economy. We all know that Bitcoin and other cryptocurrencies are quite actively used in our country, but outside the legal framework. But why fight this with the help of the Criminal Code? It is better to force crypto exchanges to obtain licenses, regulate them, require compliance with AML/CTF regulations, banking legislation, payment legislation, and tax legislation — and let them engage in this activity and do so within the legal framework. Suleimenov informed that two banks have already begun issuing crypto-fiat cards that enable purchases using stablecoin accounts. During the payment process, the funds are automatically converted into the country’s national currency, the tenge. Additionally, the head of the National Bank mentioned that two more banks are in the process of launching similar products. “That is, there are quite a few such projects. And I hope that we will gradually begin to transfer them from the ‘sandbox’ mode to the generally established mode as regulations appear. And we will see this as consumers every day,” he added. The government has reportedly also been exploring the establishment of licensed crypto banks and a national exchange to foster a regulated environment for digital asset trading in Kazakhstan.
7 Mar 2026, 10:53
Quantum Computing Can Break Zcash and Monero Privacy, Researcher Says
Justin Bons believes that Zcash and Monero can be cracked with quantum computers in the future.
7 Mar 2026, 10:47
USDC beats Tether as stablecoin transfer volume hits $1.8T all-time high
Stablecoin monthly transaction volume reached a record $1.8 trillion in February, as USDC surprised analysts with 70% of the total volume.
7 Mar 2026, 10:33
Washington Man Sentenced to 2 Years for Diverting $35M to Failed DeFi Platform
A Washington state man has been sentenced to two years in federal prison after diverting $35 million from his employer to fund a personal decentralized finance venture that ultimately collapsed during the 2022 crypto market downturn. Key Takeaways: A former Washington CFO was sentenced to two years in prison for diverting $35 million in company funds into a failed DeFi investment scheme. The crypto strategy collapsed during the 2022 market downturn following the Terra ecosystem crash. The losses severely impacted the company, triggering layoffs and nearly forcing the business to shut down. Nevin Shetty, 42, was convicted of wire fraud in November after prosecutors showed he secretly transferred company funds into a crypto investment scheme tied to his side project, HighTower Treasury. The funds belonged to a private software company where Shetty served as chief financial officer. Prosecutors Say CFO Diverted Funds After Learning of Job Termination According to the US Department of Justice, Shetty drafted a conservative investment policy for the firm that limited how corporate funds could be used. Despite those internal guidelines, he moved tens of millions of dollars from the company’s accounts after learning in April 2022 that his position would be terminated due to performance concerns. The money was routed to HighTower Treasury, where Shetty and a business partner invested heavily in decentralized finance lending protocols promising annual returns of 20% or more. Prosecutors said Shetty intended to return a fixed payment to the company while keeping the remainder of any profits generated by the crypto strategy. Initially, the scheme produced modest gains. Court filings show the operation generated roughly $133,000 in its first month. However, the broader crypto market soon entered a steep downturn following the collapse of the Terra ecosystem in May 2022. As the market fell, the value of HighTower’s positions rapidly deteriorated. The investments tied to Shetty’s strategy plunged from approximately $35 million to nearly nothing during the subsequent crypto winter. After the losses became clear, Shetty admitted his actions to colleagues at the company. He was later dismissed from his role. JUST IN: NEVIN SHETTY SENTENCED TO 2 YEARS IN PRISON FOR $35M DEFI THEFT Shetty secretly moved $35 million in company funds to his side business HighTower Treasury Those funds were then invested in high-yield DeFi lending protocols that promised returns of 20% or more.… pic.twitter.com/VIrKyXYp2N — BSCN (@BSCNews) March 6, 2026 During sentencing, US District Judge Tana Lin said the incident inflicted serious damage on the business. According to the court, the company faced “significant and severe effects” from the losses and was nearly forced to shut down. The financial damage also triggered layoffs, with about 60 employees losing their jobs as the company attempted to stabilize operations following the missing funds. Federal prosecutors had requested a nine-year prison sentence, arguing that Shetty’s actions involved deception and caused lasting harm to the company and its staff. The court ultimately imposed a shorter sentence of two years. Washington Man Ordered to Pay $35M Restitution After DeFi Fraud In addition to prison time, Shetty was ordered to pay $35,000,100 in restitution. After completing his sentence, he will remain under supervised release for three years. Judge Lin also imposed restrictions on Shetty’s future employment, prohibiting him from serving as an officer or director of a company without approval from the probation office. Last month, two teenagers from California faced serious felony charges after authorities say they traveled hundreds of miles to carry out a violent home invasion in Scottsdale, Arizona, in a bid to obtain cryptocurrency believed to be worth $66 million. The case came amid a broader rise in so-called wrench attacks , physical assaults aimed at forcing crypto holders to hand over private keys. Security researcher Jameson Lopp’s public database lists roughly 70 such incidents in 2025, a sharp increase from the previous year. Security analysts say criminals are increasingly using leaked personal data to identify targets and recruiting young perpetrators online to reduce traceability. The post Washington Man Sentenced to 2 Years for Diverting $35M to Failed DeFi Platform appeared first on Cryptonews .
7 Mar 2026, 10:14
XRP Domino Theory Activated: Crypto CEO Explains How Global Oil Shock Could Trigger XRP Surge
A theory linking geopolitical tensions, energy markets, and global liquidity is gaining attention in the XRP community amid the war in the Middle East. According to Jake Claver, CEO of Digital Ascension Group, a chain reaction of economic events he calls the “XRP Domino Theory” could ultimately position XRP as a key liquidity asset during a global financial repricing. Visit Website
