The emergence of memecoins on the Bitcoin blockchain has brought about a respite for crypto miners, softening the blow of a recent software update. However, the initial excitement surrounding these tokens seems to be fading as network transaction fees soar…
TOMCoin Thrives with Gaming Memes and Blockchain Technology in Partnership with SKALE
The quest for community continues to captivate, as people seek connections that resonate with their interests, enhanced by engaging and accessible activities. TOMCoin has distinguished itself in this new era by developing a vibrant community around its intriguing TOMato-based game…
Tether Records 4.52 Billion Profit with Gains from US Treasuries and Crypto
Tether Holdings Ltd., the operator of the largest stablecoin, has announced a remarkable achievement in the first quarter of this year. The British Virgin Islands-incorporated company reported a record net profit of $4.52 billion, driven by multiple factors including interest…
Terraform Labs Deems SEC’s $5.3 Billion Fraud Penalty Proposal Unwarranted
Terraform Labs Pte, along with its co-founder Do Kwon, has recently faced significant legal challenges after being found liable for fraud by a New York jury. The U.S. Securities and Exchange Commission (SEC) accused Terraform and Kwon, the creator of…
UK Report Reveals Money Laundering Risks in Crypto and Banking for 2022-2023 – Is this accurate or hate towards crypto ?
A recent report by the government’s financial arm has highlighted the significant risk of money laundering associated with crypto firms, retail banking, wholesale banking, and wealth management between 2022 and 2023. The report, based on risk assessments conducted by the…
Ex-DFS Official Raises $5 Million for Unique Crypto Venture Fund Backed by Industry Leaders
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…