Weekly Crypto Roundup: Russia Law, BitMEX Closure, Gram Wallet
Key crypto events this week include Russia’s new digital asset law and EU sanctions, the shutdown of BitMEX, a hack on Hugging Face, Telegram’s Gram Wallet launch, crypto treasury stress, and CLARITY Act ethical amendments.
This week in crypto saw a mix of regulatory shifts, platform closures, and security incidents. Russia introduced fresh cryptocurrency legislation while facing EU sanctions, signaling tightening oversight. Meanwhile, derivatives exchange BitMEX announced it would cease operations, marking the end of a once‑dominant trading venue.
The artificial intelligence platform Hugging Face suffered a breach, raising concerns for projects relying on hosted models. In the messaging space, Telegram revealed its Gram Wallet feature, bringing crypto payments directly to its user base.
Decentralized treasuries are under strain as market conditions pressure protocol reserves. On the legislative front, the U.S. CLARITY Act received ethical amendments aimed at curbing illicit crypto use. These stories highlight the complex crossroads of law, security, and innovation in digital assets.
Source: ForkLog