The Department of Justice asserts that the lack of tailored crypto regulation is irrelevant to pressing criminal charges against FTX founder Sam Bankman-Fried for alleged fraud and misappropriation. In a new court filing, the DOJ contends that the current legal framework sufficiently prohibits theft and misuse of customer assets, regardless of whether the victims are […]
The U.S. Securities and Exchange Commission (SEC) has asked a federal judge to deny Coinbase’s motion to dismiss a high-profile lawsuit alleging the exchange improperly offered unregistered securities. In a new court filing Monday, the regulator argued its case should proceed to trial rather than accepting the company’s request for dismissal. Coinbase had previously argued […]
Blockchain payments firm Ripple announced Tuesday it has received a full license to operate as a major payments institution from the Monetary Authority of Singapore (MAS). The approval allows Ripple to continue local operations after receiving initial in-principle approval in June. In a statement, Ripple CEO Brad Garlinghouse said the full license demonstrates Singapore’s balance […]
Blockchain investigators have tracked down an alleged money laundering operation offering steep discounts on stolen cryptocurrency from recent major exchange hacks. Speaking exclusively to Cointelegraph, blockchain security firm Match Systems outlined how probes into summer 2022 hacks pointed to an individual selling discounted stolen tokens via peer-to-peer transfers. Analyzing patterns across breaches, researchers identified a […]
India is developing a comprehensive global database of cryptocurrency exchanges to enhance monitoring capabilities and assist law enforcement in combating crypto-related crimes. According to government officials, the database will be a vital tool for agencies like the Enforcement Directorate and Central Bureau of Investigation to track crypto transactions linked to money laundering, drug trade, and […]
Bitcoin briefly traded higher Monday before retreating as the 10-year Treasury yield hit its highest level since 2008, underscoring the sway macroeconomic forces still hold over crypto prices. BTC hovered around $28,000, up about 3% during the U.S. trading session, before giving back gains. Meanwhile, Ethereum slipped to $1,670 despite the much-anticipated launch of Ether […]
Renowned biographer Michael Lewis has unveiled mismanagement allegations against crypto tycoon Sam Bankman-Fried, who is currently facing fraud charges. Lewis, known for chronicling Wall Street’s past misdeeds, exposed a series of financial discrepancies within Bankman-Fried’s empire, casting a shadow of doubt on the cryptocurrency industry. Sam Bankman-Fried’s Billion-Dollar Rounding Error The Department of Justice has […]
Bitcoin (BTC) has surged past the $28,000 mark, marking its highest price point in over a month. This remarkable rally is attributed to several factors, primarily the growing optimism surrounding exchange-traded funds (ETFs) and the prevailing seasonal trends in the crypto market. The $28,500 level has historically played a pivotal role in Bitcoin’s price action, […]
September saw more cryptocurrency stolen through exploits, hacks and scams than any other month this year, topping $320 million in losses, according to data from CertiK. The surge pushes 2022’s total crypto losses from various cybercrimes over $1.3 billion. CertiK identified the biggest contributor as the $200 million breach of cross-chain protocol Mixin Network on […]
A charity art exhibition organized by non-fungible token (NFT) artist Trevor Jones generated over $130,000 to benefit cancer patients in Scotland. Jones, an acclaimed crypto artist from Edinburgh, hosted the event at an annual Web3 gathering in France. The proceeds, amounting to 114,000 British pounds (nearly $140,000), went to Maggie’s Edinburgh, an institution providing free […]