Invest ideasNews
23 May 2026, 19:00
Bitcoin is ready to beat stocks and bonds again after underperformance against Wall Street
Former Credit Suisse global head of portfolio and Risk Dimensions CIO Mark Connors says bitcoin has broken out of its longest stretch of underperformance in history and is ready to beat stocks, bonds, and gold as inflation stubbornly sticks around.
23 May 2026, 18:51
XRP whale trades plunge 57 percent as price stalls at $1.32
🚨 Whale transactions in $XRP dropped 57 percent in nine days. Open interest is surging but price remains flat at $1.32. Continue Reading: XRP whale trades plunge 57 percent as price stalls at $1.32 The post XRP whale trades plunge 57 percent as price stalls at $1.32 appeared first on COINTURK NEWS .
23 May 2026, 18:48
Crypto CEO Security Costs Surge as Physical Attacks Rise 75%
Coinbase reportedly spent approximately $7.6 million on personal security for CEO Brian Armstrong in 2025, a more than 20% increase from the year before. This is according to the company’s proxy filings cited in a report by Bloomberg, with the spending coming after physical attacks on crypto holders rose 75% last year. Per data from blockchain security firm CertiK, there have been 72 confirmed incidents and $41 million in known losses. Crypto Firms Tighten Security After Wave of Violent Attacks That $7.6 million figure stated in the Bloomberg piece exceeds what major Wall Street banks typically disclose for CEO protection. For context, Gemini reportedly spent around $2.5 million on security for the two co-founders, Cameron and Tyler Winklevoss, in 2025 and has since signed a deal to protect the twins and their families for $400,000 per month. Circle spent nearly $800,000 on its CEO, Jeremy Allaire, in 2024, while Robinhood spent approximately $1.6 million on Vlad Tenev. The rest of the industry reaction can be observed in other places as well. For example, during the Bitcoin 2026 conference in Las Vegas just last month, high-profile speakers could be seen walking around with personal bodyguards. And to show how seriously the community is taking security, a workshop led by Bitcoin security expert Ben Perrin that taught attendees how to protect their digital assets under physical coercion, as well as how to use decoy wallets, time-lock mechanisms, and duress features on hardware wallets, was one of the most heavily attended at the conference. It was the same a few weeks earlier at Paris Blockchain Week, where guests were escorted by a police motorcade to a VIP dinner while organizers doubled security around the event. The threat is very real, as seen when a crypto holder known online as Sillytuna reported in March that armed attackers stole around $24 million in tokens after physically intimidating him and threatening him with kidnapping and sexual assault. The Structural Problem Beneath the Headlines The reason why crypto owners are so vulnerable boils down to the technology itself. As we know, public blockchains are pseudonymous and not anonymous, thus revealing ownership information for anyone with proper analytical tools to view. As such, leaked exchange data and chain analytics have together created, as Bloomberg put it, “a legible map of who holds what.” For that reason, demand for protection services has responded accordingly. Executive Risk Services, a firm focused on the digital-asset industry, went from receiving client inquiries roughly once per quarter two years ago to about once a week now. Meanwhile, Amsterdam-based Infinite Risks International, which provides bodyguards, armored vehicles, and social media monitoring to crypto holders, has seen more inquiries, more long-term clients, and more proactive requests, according to managing director Jethro Pijlman. According to the report, France has become a hotspot for crypto crime after a string of attacks on crypto entrepreneurs and their families. Things have gotten so bad that last year, the country’s Interior Minister promised to establish a priority emergency number for the industry, with elite police units offering security briefings for crypto executives and their families. The post Crypto CEO Security Costs Surge as Physical Attacks Rise 75% appeared first on CryptoPotato .
23 May 2026, 18:45
FDIC proposes anti-money laundering rules for bank-affiliated stablecoin issuers
Bank-affiliated stablecoin issuers will now be expected to comply with the same anti-money laundering and sanctions requirements that govern traditional financial institutions. The change is due to a proposed rule that was recently approved by the Federal Deposit Insurance Corporation (FDIC). The FDIC is also separately preparing to modernize anti-money laundering (AML) rules for stablecoins. What is the FDIC asking stablecoin issuers to do? The Federal Deposit Insurance Corporation recently approved a proposed rule that will apply the Bank Secrecy Act (BSA) and its sanctions to all permitted payment stablecoin issuers (PPSIs) that operate as subsidiaries of FDIC-supervised state nonmember banks and state savings associations. Under the GENIUS Act , the FDIC holds primary federal regulatory authority over these entities. The rule mandates stablecoin issuers to comply with anti-money laundering (AML) rules, rules that counter the financing of terrorism (CFT), economic sanctions programs, and reporting obligations set by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC). The rule would also give the FDIC supervision and enforcement powers over these AML/CFT programs. This proposal is the FDIC’s third rulemaking tied to the GENIUS Act. The agency first proposed an application process for bank subsidiaries intended to issue stablecoins in December 2025, then followed with a prudential framework regarding reserve assets, redemption procedures, capital, and risk management standards in April 2026. The ABA Banking Journal noted that the GENIUS Act directed all federal banking agencies to write implementing regulations for stablecoin issuers, not just the FDIC. The Office of the Comptroller of the Currency (OCC) published its own proposal in February, and FDIC Chair Travis Hill has said the agency aligned its approach with the OCC’s where relevant. The FDIC estimates that between 5 and 30 banks will apply for and receive approval to issue stablecoins in the initial years after the GENIUS Act takes effect, which the agency expects around mid-January 2027. Is the FDIC modernizing AML rules? The FDIC, OCC, and National Credit Union Administration jointly proposed an overhaul of the AML/CFT framework that would redirect supervisory focus toward higher-risk customers and away from lower-risk ones. FDIC Chair Travis Hill said in a statement that banks currently channel much of their resources into complying with BSA requirements, despite it being unclear whether or not that effort translates to advancements in law enforcement or national security efforts. Hill added that the risk of large fines for BSA violations serves as an incentive for banks to deny or close customers’ accounts. The FDIC Board approved the stablecoin AML proposal unanimously, 3-0. The public has 60 days to comment on the rule after it is published. If you're reading this, you’re already ahead. Stay there with our newsletter .
23 May 2026, 18:34
BNB hovers at $640 while market eyes $700 breakout
🚨 BNB holds steady at $640 as the market eyes a $700 breakout. Prices stay locked between major $600 support and $700 resistance. Continue Reading: BNB hovers at $640 while market eyes $700 breakout The post BNB hovers at $640 while market eyes $700 breakout appeared first on COINTURK NEWS .
23 May 2026, 18:30
US offers $10M bounty to dismantle Burma’s Tai Chang crypto scam empire
According to the Department of State, a reward of up to $10 million will be offered for information leading to the seizure and recovery of proceeds obtained through money laundering associated with fraud emanating from the Tai Chang complexes in Burma. According to the Transnational Organized Crime Rewards Program, the reward is meant to bring down the network known for defrauding Americans by luring them into crypto investments. FBI and DOJ intensify hunt for Southeast Asia crypto scammers According to reports, the reward has been set by the State Department’s INL, acting on behalf of the Department of Justice’s Scam Center Strike Force. As per the reward guidelines, tips will be managed by the FBI. The informant’s absolute confidentiality will be ensured. Persons working in government and government officials will not receive the reward. In addition, persons located outside the United States may contact their nearest embassy or consulate, and those in the United States may contact the nearest FBI office or [email protected] . This Tai Chang reward is part of a number of recent U.S. government efforts. The Department of Justice has filed charges against two Chinese nationals for running a scam compound in Burma and trying to set up another one in Cambodia. The US has also taken control of a Telegram messaging app used to lure victims into a scam compound in Cambodia, as well as taken down 503 fake websites used in crypto investment scams. At the same time, the Treasury Department has imposed sanctions on Senator Kok An of Cambodia, who runs several scam compounds, along with 28 other individuals and entities in his network. As reported by Cryptopolitan , global authorities are working hard to curb crypto crimes, with recent court decisions from countries such as China, the UK, and Morocco emphasizing tough penalties for culprits. In Fuzhou, China, the Intermediate People’s Court dismissed an appeal and handed down a 12-year, 7-month prison sentence to an individual known as Lin. The individual was also fined 300,000 yuan. Profiling Tai Chang crypto scam empire in Burma’s Karen State According to statistics from the US Government, the American people lost more than $7.2 billion in 2025 due to scams originating in Southeast Asia. Tai Chang and other such scamming centers have been playing a pivotal role in this spike, aided by technology, and conducting massive fraud operations from these centers. The FBI has carried out numerous cases involving the seizure of scam funds, with a particular emphasis on cryptocurrency seizures. There is always the element of human trafficking in these types of scams, in which the people are forced to work at the center to conduct such scams. Tai Chang includes several compounds used in large-scale online scams, including investment scams involving digital assets. Some of the detected compounds include: Tai Chang 1.0, also known as Kyuakhat Casino or Ko Sai, which is located at GPS coordinates 16.467242N, 98.648357E and 16.472469N, 98.645868E. Tai Chang 2.0, also known as Taih or Qingsong, is at 16.425472N, 98.635806. Tai Chang 3.0 at 16.491389N, 98.589722. The centers are among the transnational criminal organizations in Southeast Asia. As reported by Cryptopolitan, the FBI and Dubai Police recently brought down a crypto scamming empire that had cost Americans millions of dollars. This crackdown has led to the arrest of 276 suspects along with the closure of nine scamming centers, mostly in the UAE. The nine fraud sites served as hubs where fraudulent acts could be committed by groups that maintained the false pretenses to coerce victims into investing further. Among those arrested were purported managers and recruiters, even some coming from Burma and Indonesia. The three suspects now face charges of wire fraud and money laundering in the Southern District of California. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .
