U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has appeared to double down on the agency’s hardline stance on cryptocurrency regulation. In a recent Bloomberg interview, he reaffirmed that the SEC will continue its much-maligned enforcement-led approach rooted in existing securities laws despite mounting backlash from the crypto industry and lawmakers. Commission Holds Firm […]
Chirag Tomar, a 31-year-old Indian citizen, was sentenced to five years in federal prison for orchestrating a cryptocurrency fraud scheme that defrauded hundreds of victims out of more than $20 million. U.S. District Judge Kenneth D. Bell handed down the sentence, which also included two years of supervised release. Scammers Imitate Coinbase to Steal Millions […]
U.S. Vice President Kamala Harris has pledged to support digital asset policies that protect crypto investors, especially black men participating in the sector. The promise was part of a wide-ranging agenda targeting men of color whom the Democratic flagbearer’s team believes could be pivotal in the November presidential elections. Securing Black Male Voters via Crypto […]
This week, bitcoin (BTC) touched a price height of $64,000 before retracing its steps to a current price mark below $62,000. This price downtrend begs the question – will the leading crypto asset unlock new heights in the near term? A CryptoQuant analyst has shared research showing what could enable the leading crypto asset to […]
An 86-year-old former attorney, David Kagel, has been sentenced to five years of probation for organizing a multimillion-dollar cryptocurrency Ponzi scheme that defrauded investors out of nearly $15 million. The judgment, filed on October 8 in a Las Vegas federal court, also requires him to pay $14 million in restitution to his victims. $15M Crypto […]
A new survey by ConsenSys and HarrisX reveals that nearly half of U.S. voters (49%) consider a pro-crypto stance important when choosing political candidates. Additionally, 62% are willing to cross party lines for a candidate who supports pro-cryptocurrency policies. Crypto Regulation and Voter Sentiment The study also found that 85% of respondents want presidential candidates […]
Polymarket, the blockchain-based prediction platform, recorded a trading volume of $533.51 million in September, driven largely by interest in the 2024 U.S. presidential election and geopolitical developments in the Middle East. According to Dune Analytics, this marks a $61.51 million increase from August’s $472 million. The platform also saw a 41% rise in active users, […]
The United States Court of Appeals for the Ninth Circuit has reopened a case against AT&T, an American multinational telecommunications company whose employees enabled a Subscriber Identity Module (SIM) swap that led to the theft of cryptocurrencies worth $24 million in 2018. According to a filing published by the court panel, almost all charges brought […]
A 21-year-old man from Lebanon, Indiana, has admitted to organizing a major cryptocurrency theft, stealing over $37 million from nearly 600 victims worldwide. Evan Frederick Light appeared before U.S. Magistrate Judge Veronica Duffy on September 30, 2024, where he pleaded guilty to Conspiracy to Commit Wire Fraud and Conspiracy to Launder Monetary Instruments. The Cyber […]
Crypto asset manager Bitwise has officially filed for an XRP exchange-traded fund (ETF) in Delaware. It marks a major step in the push toward institutional-level investment in Ripple’s native cryptocurrency. Bitwise CIO Says Filing is Genuine Fox Business reporter Eleanor Terrett took to X on October 1 to break the news that Bitwise had registered […]