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Samourai Wallet Founders Plead Guilty in $100M Bitcoin Laundering Case

Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill have decided to plead guilty to charges related to their mixer service. The pair had previously denied guilt in April 2024 and had made several attempts to have their lawsuit dropped. Pleas Changed on Wednesday According to court documents shared earlier in the week, the executives agreed […]

US Marshals Report Holding 28,988 BTC, Challenging Third-Party Crypto Estimates

According to a recent disclosure, the U.S. Marshals Service (USMS) has 28,988 BTC in its possession. This is a notable drop from previous estimates, which suggested that the country held nearly 200,000 BTC. Concerns Over Missing Government Reserves The declaration followed a Freedom of Information Act (FOIA) request submitted on March 24 by independent journalist […]

US Justice Department Cracks Down on $36.9M International Crypto Fraud Ring

Five men have pleaded guilty to their roles in laundering more than $36.9 million from victims of an international crypto investment scam conspiracy. The money was stolen from defrauded investors in the U.S. through a web of shell companies, offshore accounts, and digital asset wallets. Details of The Scheme The U.S Department of Justice (DOJ) […]

Amazon, Walmart Exploring Plans to Launch Stablecoins: Report

American retail giants Amazon and Walmart are reportedly considering the possibility of launching their own stablecoins. This move could potentially change how consumers pay for goods online while helping large retailers reduce costly transaction fees. A Cheaper Payment Alternative According to the Wall Street Journal, both companies are mulling whether to create brand-specific coins or […]

Trump’s Meme Coin Dinner Draws Billionaires, Basketball Stars, and Fierce Criticism

A high-dollar gathering at President Donald Trump’s Virginia golf club has ignited a storm of ethical debates, blending crypto spectacle with accusations of constitutional overreach. The Thursday dinner, reserved for the top 220 holders of the head of state’s TRUMP meme coin, attracted billionaires, celebrities, and a cascade of legal threats, with critics calling it […]

Democrats Push to Amend GENIUS Act Due to Trump’s Crypto Ties

The United States government is close to enacting its first crypto legislation, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. However, Democratic lawmakers are pushing to include protections against corruption from public officials, especially the family of President Donald Trump. According to a report from Axios, a group of senators insists the […]

Coinbase Faces Lawsuit Over Unauthorized Biometric Data Collection

Coinbase is facing a class-action lawsuit filed by a group of Illinois residents who allege the crypto exchange illegally collected and shared their biometric data as part of its identity verification process. The suit, brought to federal court on May 13, claims the company violated Illinois’ Biometric Information Privacy Act (BIPA) by capturing users’ facial […]

American Bitcoin to Go Public Through Merger with Gryphon Digital

Trump-affiliated Bitcoin mining company, American Bitcoin, plans to go public through a merger with Gryphon Digital Mining, Inc. The deal, structured as a stock-for-stock transaction, will see Gryphon acquire the company and operate under the American Bitcoin brand once closed. Merger Details According to a May 12 press release, the newly combined entity will be […]

New US-China Trade Agreement: Implications for Crypto Investors (Details)

Following a week of anticipation and building hype, the US and China delegates finally met in Geneva, Switzerland, to discuss a potential trade deal. Although the initial statements from both countries are positive in terms of reaching a mutual understanding, the crypto market has reacted with a minor retracement, while Santiment warned investors to exercise […]