Author: Coin Telegraph

Update March 17, 1 pm UTC: This article has been updated to add information about the judicial suspension.Telegram founder Pavel Durov said the company had always met and “exceeded” its legal obligations in moderation, cooperation and fighting crime. On March 17, the Telegram founder posted an update on the messaging application, saying he was already back in Dubai after spending months in France. Durov said the process is still ongoing but added that it “feels great to be home.”Media platform TASS reported that French authorities have suspended judicial control of Durov for three weeks. Citing sources in the French prosecutor’s office,…

Brazilian lawmakers are considering new legislation that would officially authorize employers to pay salaries to employees using cryptocurrencies like Bitcoin.Federal deputy Luiz Philippe de Orleans e Bragança has introduced a bill proposing regulation of crypto payments for wages, remunerations and labor benefits.Filed on March 12, the bill PL 957/2025 legalizes voluntary and partial salary payments in cryptocurrencies like Bitcoin (BTC) while also requiring employers to proceed with a part of the pay in the national currency, the Brazilian real.Preview of the draft bill PL 957/2025 by Luiz Philippe de Orleans e Bragança. Source: Camara.leg.brOrleans-Braganza, a descendant of Brazil’s former royal family,…

Artificial intelligence agents need to prioritize their intrinsic utility, not the launch of their in-house native tokens to raise funds.AI agent-related tokens have significantly declined over the past month, as their cumulative market capitalization decreased by over 21% to the current $27 billion, according to CoinMarketCap data.While their continued decline may be part of the broader crypto market correction, another reason could be a lack of focus on intrinsic utility, according to Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange.30-day market cap chart of AI agent tokens. Source: CoinMarketCapZhao wrote in a March 17…

Wemix Foundation CEO Kim Seok-hwan said they had no intention of concealing a hack on its bridge, which led to over $6 million in losses.In a press conference, Kim reportedly said there was no attempt to cover up the incident, even though the audience pointed out the announcement was delayed.On Feb. 28, over 8.6 million WEMIX tokens were withdrawn due to an attack on the platform’s Play Bridge Vault, which transfers WEMIX to other blockchain networks. The company only made an official announcement four days after the attack. According to Kim, the announcement was delayed due to the possibility of further…

Bitcoin (BTC) heads into FOMC week in a cautious mood, with multimonth lows still uncomfortably close.BTC price action preserves $80,000 support as upside liquidity looks ripe for the taking.The Fed is the center of attention with a decision due on interest rates and traders eagerly scanning Chair Jerome Powell for dovish signals.A return to accumulation among Bitcoin top buyers forms grounds for confidence over market stability going forward.Historical BTC price cycle analysis delivers an impressive $126,000 target for the start of June.Those looking to “be greedy when others are fearful” should concentrate on $69,000, research concludes. Bitcoin trader sees $87,000 liquidity…

US President Donald Trump’s second ex-wife, Marla Maples, has shown support for ending the country’s case against early Bitcoin advocate Roger Ver, known as “Bitcoin Jesus.”“Sharing more re [regarding] the call to dismiss the prosecution against Roger Ver,” Maples said in a March 16 X post, sharing a video created by an organization aimed at supporting Ver and tagging Trump, Elon Musk and US Attorney General Pam Bondi.The Department of Justice charged Ver with mail fraud, tax evasion and filing false tax returns in April 2024, alleging he hid the amount of Bitcoin (BTC) he owned when he renounced his…

Crypto exchange OKX has temporarily paused its decentralized exchange aggregator to prevent “further misuse” by North Korean hacking collective Lazarus Group.“Recently, we detected a coordinated effort by Lazarus group to misuse our defi services,” said OKX on March 17.“After consulting with regulators, we made the proactive decision to temporarily suspend our DEX aggregator services. This move allows us to implement additional upgrades to prevent further misuse.” The OKX helpdesk confirmed that the DEX aggregator was temporarily suspended for an “internal review and upgrade” but did not provide a timeline. It added that crypto wallet services will remain available to all customers, but…

The Bank of Korea says it is taking a “cautious approach” to potentially including Bitcoin as a foreign exchange reserve.Officials from the Korean central bank said in a March 16 response to a written inquiry that they have not looked into a potential Bitcoin (BTC) reserve, citing high volatility. Responding to a question from Representative Cha Gyu-geun of the National Assembly’s Planning and Finance Committee, central bankers said that they have “neither discussed nor reviewed the possible inclusion of Bitcoin in foreign exchange reserves, adding that “a cautious approach is needed,” according to the Korea Herald.“Bitcoin’s price volatility is very high,”…

Crypto platform Debiex has been ordered to pay around $2.5 million after it failed to respond to a US Commodity Futures Trading Commission suit accusing it of being a romance scam ring.Arizona federal court Judge Douglas Rayes on March 13 granted the CFTC’s earlier motion for summary judgment in its case and ordered Debiex to pay back around $2.26 million it stole from its customers, along with a civil penalty of nearly $221,500.Judge Rayes said there was no evidence that Debiex’s failure to respond to the CFTC was the result of “excusable neglect.”The CFTC sued Debiex in January 2024, saying…

Crypto users have reported a rise in scam emails made to look like they’re from crypto exchanges Coinbase and Gemini that attempt to get users to set up a new wallet with pre-generated recovery phrases controlled by scammers.In several examples posted to X, the email claims to be from Coinbase, asking users to transition to self-custodial wallets and providing instructions on downloading the legitimate Coinbase Wallet, giving a deadline of April 1 to make the switch.Source: Steve KaczynskiHowever, it also provides pre-generated recovery phrases. Once users open a new wallet with those phrases and transfer funds, all the assets will…