Category Archive: Cryptocurrency, No picture
Changpeng Zhao could face a 3-year prison term as DOJ seeks to deter crypto crime
The U.S. Department of Justice (DOJ) has called for a 36-month prison sentence and a $50 million fine for Binance founder and former CEO Changpeng Zhao, also known as CZ, in connection with his role in the crypto exchange’s violation of federal sanctions and money laundering laws.In a sentencing memo filed Tuesday night, DOJ attorneys […]
Investors create group to take legal action against ZKasino co-founders
Investors created a Telegram called “ZKasino Legal Task Force” aiming to prosecute gambling blockchain infrastructure ZKasino co-founders after they swapped nearly $33 million in Ether (ETH) for their native token. After the swap, the co-founders went dark and their groups started banning users that suggested the possibility of an exit scam being executed, according to […]
Venture capital firm reports 109% net growth Q1 boosted by meme coins
Venture capital firm Stratos announced a 109% net return for its liquid token fund in the first quarter, attributing the substantial gains to its investments in Solana, Nosana, and the meme coin Dogwifhat (WIF), which alone provided a 300-fold return. The total net value is over 25 times when compared to its second early-stage venture […]
Developers recover $200,000 in crypto from compromised wallet
A group of Brazilian developers recovered over $200,000 stolen from a victim after an exploiter got access to his wallet. After having his wallet compromised, the victim contacted public prosecutor Alexandre Senra, who then turned to the developers aiming to create a task force to recover the funds. The whole ordeal took around five months.Afonso […]
Bitcoin covenants are coming — OP_CAT gets formally introduced as BIP-420
The OP_CAT covenant proposal has been formally introduced as “BIP-420,” with the aim of enabling smart contracts, secure bridges, and on-chain trading on the Bitcoin network. introducing BIP-420: formal Bitcoin Improvement Proposal for OP_CAT it’s a historic day! today, after a long wait, the OP_CAT proposal formally received a BIP number. meet BIP-420! BIP-420 enables […]
Crypto .com postpones expansion plans for South Korea, talks with regulators
Cryptocurrency exchange Crypto.com has postponed its planned retail expansion in South Korea, originally scheduled for April 29, in order to engage in further communication with local regulators. The decision comes just six days before the intended launch date. “Korea is a difficult market for international exchanges to enter, but we are committed to working with […]
GuildFi rebrands to Zentry with a 1-for-10 token split
Web3 gaming guild GuildFi has announced a strategic rebranding after securing $140 million in funding from notable investors including Binance Labs, Coinbase Ventures, Animoca, Pantera Capital, and Hashed.According to the announcement, the rebranding marks a significant step in Zentry’s mission to create a universal Superlayer that will integrate games across all platforms into a single, […]
Ripple proposes $10M settlement to SEC’s $2B fine
Ripple has filed a court response to the Securities and Exchange Commission’s (SEC) pursuit of nearly $2 billion in fines, advocating for a different approach. In the filing dated April 22, Ripple proposed that the Court reject the SEC’s demands and instead impose a civil penalty not exceeding $10 million.Stuart Alderoty, Ripple’s Chief Legal Officer, […]
Venezuela turns to crypto for oil trades under renewed US sanctions: Reuters
Venezuela’s state-owned oil company, Petróleos de Venezuela S.A. (PDVSA), is turning to crypto for its oil trades in response to renewed US sanctions that target the nation’s oil and gas industry, Reuters reported on Tuesday.As noted, PDVSA has been utilizing the stablecoin Tether (USDT) for oil exports since the previous year. By the end of […]
ETH could thrive with or without spot Ethereum ETFs
The approval of US spot Ethereum exchange-traded funds (ETFs) could enhance Ethereum’s market valuation. However, even if these ETFs are rejected, it may merely be a bump in the road rather than a roadblock, suggested Jupiter Zheng, Head of Research at HashKey Capital. “If the ETF is denied, it will not be that bearish, as […]
