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UK Authorities Seize Seven Illegal Crypto ATMs in London Amid FCA Crackdown
On July 17, 2025, the Financial Conduct Authority (FCA) revealed that it collaborated with the Metropolitan Police to raid four southwest London locations, confiscate seven unregistered crypto ATMs, and arrest two individuals on money laundering charges. https://twitter.com/coinknowledge1/status/1945920011362877601 FCA and Metropolitan... -
Banking Lobby Urges Delay on Crypto Bank Licences as FDIC and Regulators Evaluate Risks
U.S. banking groups are urging federal regulators to hold off on approving new licences for crypto-focused banks. They say moving ahead without clear, consistent rules could put customers and the financial system at risk. Currently, the FDIC, OCC, and Federal... -
Stellantis Warns of Massive First-Half Loss on Restructuring Costs and Tariffs
Global automotive giant Stellantis N.V. (NYSE: STLA) expects a net loss of €2.3 billion (around $2.7 billion) for the first half of 2025. This grim outlook, announced in preliminary and unaudited figures, comes as the company grapples with the escalating... -
Nasdaq-Traded Miner BTC Digital Replaces Bitcoin with Ethereum in Treasury Revamp
On July 17, BTC Digital (BTCT), a U.S.-based Bitcoin mining firm listed on Nasdaq, announced a complete overhaul of its treasury strategy by converting all current and future Bitcoin holdings into Ethereum. The company now sees Ethereum as a key... -
UK Lawmakers Push to Ban Crypto Donations Amid Election Integrity Concerns
On July 15, 2025, UK ministers moved to ban political donations using crypto, after Reform UK began accepting Bitcoin in May. Cabinet Office Minister Pat McFadden announced that donations over £500 would be restricted to verified UK-based donors. The proposal... -
President Trump Brokers Agreement to Resolve House Revolt Over Crypto Bills
On July 15, President Donald Trump announced that he had reached a deal with the majority of Republican Representatives who had earlier blocked a key procedural vote. The failed vote had stalled a package of three crypto bills, as some... -
Tesla Enters India as Global EV Deliveries Continue to Sag in 2025
After years of speculation, negotiations, and anticipation, Tesla (NYSE: TSLA) has officially set foot in the Indian market. The US electric vehicle (EV) behemoth, led by Elon Musk, inaugurated its first showroom in Mumbai's upscale Bandra Kurla Complex (BKC) today,... -
FDIC Leads U.S. Regulators in Crypto Custody Warning to Banks
On July 15, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the Office of the Comptroller of the Currency (OCC) warned U.S banks about the spate of risks associated with crypto asset custody. The agencies cited concerns about... -
BoE Governor Andrew Bailey Warns Against Bank-Issued Stablecoins
In a July 13, 2025, interview with Bloomberg, BoE Governor Andrew Bailey raised red flags about private bank-issued stablecoins, warning that they could destabilize the UK’s financial system by draining deposits, limiting bank lending, and weakening the Bank of England’s... -
Google Joins AI Talent War With $2.4 Billion Windsurf Deal
Google has recruited Varun Mohan, the co-founder and CEO of artificial intelligence (AI) coding startup Windsurf, along with a substantial portion of his research and development team. This strategic move, valued at an estimated $2.4 billion in licensing and compensation...
