#cryptocurrency

The Italian government intends to tighten control over the cryptocurrency market, including imposing hefty fines of up to €5 million for insider trading and asset manipulation. The proposed decree is pending approval from the Council of Ministers.

Amanda Pritchard, the Chief Executive Officer of NHS England, has noted a significant rise in the number of people seeking help for issues related to cryptocurrency betting and trading.

As the UK heads toward an election, the cryptocurrency industry is expressing support for the Labour Party, which leads in all the polls. However, there is uncertainty about what policies to expect, as Labour has not been in power since 2010, a time when Bitcoin was just emerging.

Robinhood has entered into an official agreement to acquire the global cryptocurrency exchange Bitstamp. This deal will enable the platform to offer cryptocurrency trading services outside the U.S., as Bitstamp holds over 50 active licenses and registrations worldwide.

American rapper Waka Flocka Flame (born Juaquin Malphurs) has launched his own cryptocurrency token, FLOCKA, on the Solana blockchain. He announced the coin on X with a video declaring "We live right now," which has already garnered over 280,000 views from his 1.8 million followers.

The Swiss financial regulator (FINMA) has shut down FlowBank, a bank that offered cryptocurrency trading, due to insufficient capital to conduct financial activities. Officials believe the company failed to meet even the minimum legal requirements for banking institutions.

Chinese law enforcement has initiated its first criminal case related to the launch of cryptocurrency tokens, accusing student Yang Qichao of creating fake digital assets. Although the case resembles a common Rug Pull scam, he was charged under a different count due to legal ambiguities.