Musk’s bold move against SEC Elon Musk, the tech magnate behind Tesla and SpaceX, has once again found himself in the U.S. Securities and Exchange Commission (SEC) crosshairs. The regulatory body recently filed a lawsuit against Musk, alleging his non-compliance…
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Crypto Advocate Gets 8-Yr Term for Unregistered Bitcoin Exchange
On Monday, authorities sentenced libertarian activist and radio personality Ian Freeman from New Hampshire to an eight-year prison term for operating an unregistered Bitcoin exchange. In addition, he is subject to a minimum punishment of $40,000 awaiting the outcome of…
SBF, Riding High on FTX, Wanted to Buy off Trump to Cancel a Presidential Re-Run
On Tuesday, all eyes will be fixed on the Manhattan Federal Court as the trial of Sam Bankman-Fried unfolds. The disgraced cryptocurrency entrepreneur stands accused of orchestrating “one of the biggest financial frauds in American history” — the multibillion-dollar collapse…
US Presidential Candidate, Vivek Ramaswamy Is Drafting a ‘Crypto Policy Framework’
GOP presidential candidate Vivek Ramaswamy made a significant announcement during his appearance at Messari’s Mainnet crypto conference in New York. He disclosed his plan to release a comprehensive crypto policy framework just in time for Thanksgiving. In a conversation with…
Colorado Department of Motor Vehicles now accepts cryptocurrency for online services
The Colorado Department of Motor Vehicles (DMV) now accepts cryptocurrency payments for online services, such as renewing a driver’s license or vehicle registration. This step makes Colorado one of the first states in the US to accept cryptocurrency payments for…
SEC Fines LA Company for $6 Million Over NFTs Sold as Unregistered Securities
A recent lawsuit against Los Angeles-based media company Impact Theory has reached a settlement with the Securities and Exchange Commission (SEC), involving the payment of a $6 million fine. The SEC fined LA-based Impact Theory after a settlement was reached…
Tornado Cash Developers Charged With Money Laundering and Sanctions Violations That Facilitated Over $1 Billion in Illicit Transactions
The U.S. DOJ has filed charges against two Tornado Cash developers with a privacy protocol operating on the Ethereum network. This protocol developed an unclear and hazy connection between sender and recipient addresses. The two developers, Roman Storm, and Roman…
Singapore among World’s First to Agree to Stablecoin Crypto Regulation
Making the dawn of new age, The Monetary Authority of Singapore (MAS) announced its rules for using and adapting a stablecoin cryptocurrency. Singapore is one of the earliest in setting the bar by finalizing stablecoin regulations. This stablecoin crypto regulation…
China looks to implement its social credit system in the Metaverse
China is recognized globally for its social credit system, which keeps citizens in line by putting them at risk of public disapproval and restrictions on their actions. Now, China intends to implement a similar approach to regulate metaverse users. According…
Bitcoin is the Natural Reaction Against Scam – Javier Milei
Bitcoin (BTC) is now part of the platform for some US presidential candidates. In Argentina, a top contender for the country’s top government position also believes in Bitcoin’s potential as a foundation for a sound financial system. He even went…