MIT Brothers on Trial for $25M Crypto Theft Case.
Two brothers from the Massachusetts Institute of Technology are standing trial in Manhattan federal court this week, accused of pulling off a $25 million cryptocurrency theft. According to a report…
US Files Largest Crypto Forfeiture Action: $15B in Bitcoin.
The Department of Justice (DOJ) today announced a civil forfeiture action against Chen Zhi, the founder and chairman of the Prince Holding Group, for approximately $15 billion in Bitcoin, currently…
Binance Adds $400M Compensation for Users Liquidated in Crypto Selloff.
Liquidated In Crypto SelloffBinance announced that it will add another $300 million in stablecoins as extra compensation to customers who were forced into liquidations during the recent crypto crash that…
SBF Claims Biden Administration Targeted Him Over GOP Donations.
Sam Bankman-Fried, or SBF, the convicted founder of the fallen crypto exchange FTX, has claimed the Biden administration targeted him as he shifted his political donations to the Republican Party,…
Japan Plans to Ban Crypto Insider Trading Under New Rules.
Japan is preparing to ban cryptocurrency insider trading under new rules that will treat digital assets like traditional securities. The Financial Services Agency (FSA) and the Securities and Exchange Surveillance…
Binance Faces Record $21.75B Outflow Amid Market Chaos.
Binance, the world’s largest exchange by asset value, is facing a record $21.75 billion outflow over the past seven days. This sudden drop in exchange balance came after the U.S.…
US Government Moves $75M in Bitcoin, Sparks Speculation
The U.S. government has transferred $75 million worth of Bitcoin (BTC) to a new wallet. The transaction involved 667.6 BTC sent to an address having no history of activity. Even…
Kenya Pushes Crypto Bill to Final Step, Awaits President Ruto’s Signature.
Kenya’s parliament approved a crypto regulation bill awaiting President Ruto’s signature to become law. The Central Bank will license stablecoin issuers, while the Capital Markets Authority will regulate exchanges. The…
California Signs Bill to Protect Unclaimed Crypto from Liquidation.
California Governor Gavin Newsom signed Senate Bill No. 822, making it the first U.S. state to protect unclaimed crypto from being automatically sold off. The new law ensures that digital…
Bhutan Migrates Its National ID System from Polygon to Ethereum.
Bhutan is migrating its self-sovereign national ID system from Polygon to Ethereum. This move will allow nearly 800,000 Bhutanese citizens to verify their identities and access government services using Ethereum’s…