Terraform Labs Co-Founder Do Kwon Sentenced to 15 Years in U.S. Prison Over Crypto Fraud
A U.S. federal judge has sentenced Do Kwon, the former crypto entrepreneur behind the collapse of two major digital currencies, to 15 years in prison for fraud tied to losses…
Elon Musk Says Government Efficiency Role Was ‘Somewhat Successful’ but Not Worth Repeating
Elon Musk said he would not lead the Department of Government Efficiency (Doge) again if given the chance, while maintaining that the advisory group’s work to shrink the US government…
Coinbase Reopens User Registration in India With Fiat On-Ramp Planned for 2026
Coinbase has resumed onboarding users in India after a pause of more than two years, allowing crypto-to-crypto trading through its app, while planning to introduce a fiat on-ramp in 2026…
European Police Dismantle Crypto Mixer Used to Launder €1.3 Billion
A coalition of European law enforcement agencies coordinated by Europol announced Monday that it has shut down Cryptomixer, a cryptocurrency laundering service used heavily by cybercriminals. A Long-Running Money-Laundering OperationIn…
Binance Faces New Lawsuit Alleging It Aided Terrorist Financing
Binance and its founder Changpeng Zhao are facing a lawsuit in the U.S. accusing the crypto exchange of helping move millions of dollars tied to U.S.-designated terrorist groups, including Hamas…
DOGE Collapses After Elon Musk’s Turbulent Departure From Washington
DOGE has dissolved eight months before its charter was set to expire, following Elon Musk’s abrupt withdrawal from Washington and the prolonged infighting that emerged in his absence. Musk began…
IRS Begins Crypto Reporting Crackdown Ahead of 2025 Filing Requirements
The IRS is preparing to enforce a new reporting requirement on crypto brokerages beginning Jan. 1, 2025, making this an important moment for investors to get their tax records in…
Bitcoin Slides Below $95,000 as AI-Linked Tech Sell-Off Weighs on Markets
Bitcoin fell below $95,000 on Friday, extending a four-day decline as investors pulled back from artificial intelligence–linked technology stocks. The cryptocurrency slipped to $94,491.22 early in the session, its lowest…
Cryptoqueen Who Laundered £5 Billion in Bitcoin from Chinese Pensioners Faces Sentencing in London
A woman accused of embezzling billions of pounds from Chinese pensioners through a fraudulent cryptocurrency scheme is due to be sentenced in the U.K. this week for money laundering. British…
Bitcoin Soars and Mining Stocks Plummet: A Volatile Year in Cryptocurrency
Bitcoin has emerged as the best-performing asset class of 2024, but not without significant ups and downs. The cryptocurrency soared above $108,000 for the first time in mid-December, marking a…
Brazil’s Potential Self-Custodial Stablecoin Ban May Spur Decentralization
Brazil is on the brink of a significant regulatory shift with the Banco Central do Brasil (BCB) proposing to ban stablecoin transactions to self-custodial wallets like MetaMask or Trezor. This…
SEC Accuses BitClout Creator Nader Al-Naji of Fraudulent Practices
On July 30, the United States Securities and Exchange Commission (SEC), in coordination with the US Attorney’s Office for the Southern District of New York, announced formal charges against Nader…
Against all odds, Chinese cryptocurrency enthusiasts amass an impressive $1 billion in gains.
The cryptocurrency market in China has witnessed a remarkable saga of resilience and ingenuity among investors, who have defied stringent regulatory measures to secure significant financial gains in 2023. Despite…
Riot Platforms Achieves 19% Increase in Bitcoin Production, Mining 6,626 BTC in 2023
Despite facing stiff competition from rivals who mined more Bitcoin in 2023, Riot Platforms is strategically gearing up for the anticipated Bitcoin halving in 2024, following its significant acquisition of…