The crypto industry has witnessed a fascinating trend where former regulators, predominantly working as legal advisors or political lobbyists, have found a new calling as investors and advisors in venture firms. However, it remains a rarity to come across a…
Roger Ver Role in Bitcoin Growth and His Legal Battles with $50m at Stake
In a startling turn of events, Roger Ver, a prominent figure in the early days of cryptocurrency and sometimes referred to as Bitcoin Jesus, has been charged with mail fraud, tax evasion, and filing false returns. The charges, brought forth…
India and US Agencies Unite to Uncover $360 Million Crypto-Funded Drug Ring in Uttarakhand
In a momentous joint effort, law enforcement agencies from India and the United States recently joined forces to conduct an extensive search operation in Uttarakhand, resulting in the discovery of a colossal $360 million crypto-funded drug ring. The Indian Enforcement…
U.S. Government Shifts Stance on Cryptocurrency Wallet Developers as DOJ Pursues Criminal Charges
The U.S. government has long maintained a clear policy regarding cryptocurrency wallet developers and their users, categorizing them as non-money transmitters. However, recent developments have taken the industry by surprise. The Department of Justice (DOJ) is now pursuing criminal charges…
Changpeng Zhao, founder of Binance, seeks investments in AI-focused data centers
Changpeng Zhao, the visionary behind Binance, has set his sights on investing in data centers that specialize in artificial intelligence (AI). Despite facing potential legal ramifications for alleged involvement in money-laundering activities on his exchange, Zhao has been actively engaged…
Binance Labs Invests in MilkyWay to Boost Celestia Ecosystem
Binance Labs, the renowned venture capital and incubation arm of Binance, has recently made a significant investment in MilkyWay, a liquid staking protocol that operates within Celestia’s modular blockchain ecosystem. With its ambitious aim to become the leading provider of…
USDC Overtakes USDT in Transaction Volume Based on Visa Data
Circle Internet Financial’s stablecoin, USDC, has experienced a significant rise in transaction volume this year, surpassing Tether’s stablecoin, USDT, to become the market leader. According to data compiled by Visa Inc. in collaboration with Allium Labs, USDC’s growing dominance reflects…
Terraform Labs Seeks Penalty Reduction in SEC Fraud Case After $5.3 Billion Fine Proposal
Lawyers representing Terraform Labs and its co-founder, Do Kwon, have requested a reduced penalty following their clients’ recent conviction for fraud. They argue that a fine closer to $1 million is more appropriate than the $5.3 billion proposed by the…
SEC and Gensler Viewed Ethererum as Unregistered Security for Over 12 Months
In recent developments surrounding the ongoing lawsuit between Consensys and the United States Securities and Exchange Commission (SEC), new information has come to light regarding the SEC’s stance on Ether. The lawsuit has shed light on the regulatory body’s belief…
Bitcoin Drops 14% in April Amid ETF and Regulatory Challenges – Bloomberg
Bitcoin, the original cryptocurrency, is experiencing its most challenging month since the collapse of Sam Bankman-Fried’s FTX empire. As the initial excitement surrounding US exchange-traded funds (ETFs) for the largest digital asset fades, Bitcoin has seen a sharp decline of…