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Donald Trump Pledges to Accept Crypto Donations for Presidential Campaign
Former U.S. President Donald Trump has announced his intention to accept campaign donations in crypto. The speech came during a gathering organized by Trump to meet and dine with buyers of his “Mugshot Edition” non-fungible tokens (NFTs) on his day off from trial. Key points: Frank Degods, a prominent NFT creator and influencer, shared the …...
FTX Reveals Plan to Reimburse Creditors, Most Will Receive 118% of Claims
The cryptocurrency exchange FTX has announced a reorganization plan that aims to fully compensate its creditors. Surprisingly, most creditors stand to gain more than they initially lost. In a late Tuesday court filing, FTX estimated its debt to creditors to be around $11.2 billion. However, it has managed to secure between $14.5 billion and $16.3 …...
Donald Trump’s Potential Return Could Boost Bitcoin: Standard Chartered
In a recent research report, Standard Chartered, a prominent investment bank, highlighted the growing risk of U.S. fiscal dominance and its potential impact on the cryptocurrency market. The report suggests that the monetization of government debt by the Federal Reserve could drive investors towards alternative assets, such as cryptocurrencies. Key points: According to Geoff Kendrick, …...
Robinhood To Prevail Against SEC Despite Wells Notice: KBW
The Securities and Exchange Commission’s (SEC) recent issuance of a Wells Notice to Robinhood (HOOD) has taken analysts at Keefe, Bruyette & Woods (KBW) by surprise. KBW released a research report on Monday, highlighting Robinhood’s conservative approach to digital asset listings. Key points: According to the KBW report, Robinhood distinguishes itself from its competitors by …...
Crypto Investment Products Record $251M in Outflows for Fourth Straight Week
The crypto investment landscape experienced a turbulent week, with outflows persisting for the fourth week in a row. The outflow amounted to a substantial $251 million. According to a report by CoinShares, this week marked the first instance of measurable outflows from the recently launched ETFs in the United States, which saw a significant $156 …...
Australia’s Tax Office Demands Data on 1.2 Million Crypto Accounts: Report
Australia’s Taxation Office (ATO) has issued a notice to crypto exchanges. According to Reuters, the ATO has requested the personal data and transaction details of up to 1.2 million accounts. This move is part of its efforts to crack down on users who may be evading their tax obligations. Key points: The ATO aims to …...
$69.3 Million in Wrapped Bitcoin (WBTC) Lost to Address Poisoning Scam
In a recent incident of address poisoning, 1,155 Wrapped Bitcoin (WBTC), equivalent to approximately $69.3 million, were transferred to the wrong address. Blockchain security firm CertiK first reported the news, and on-chain sleuth ZachXBT and the CEO of real-time security alert platform Cyvers later confirmed it. Key points: Also read: ZKasino Scammer Arrested: Dutch Authorities …...
ZKasino Scammer Arrested: Dutch Authorities Seize $12.3 Million in Assets
The Dutch FIOD has arrested a 26-year-old man suspected of involvement in a large-scale scam surrounding the alleged gambling platform ZKasino. According to the Fiscal Information and Investigation Service (FIOD) statement, the arrest took place on Monday, April 29, 2024. Key points: According to the statement, signals from platform X (formerly Twitter) and information from …...
Tether (USDT) Achieves Historic Q1 2024 Profit of $4.52 Billion
Stablecoin issuer Tether has released its attestation report for the first quarter of 2024. The report provides a comprehensive overview of the Tether Group’s financial strengths. Key highlights from the report: The Tether Group reached a notable milestone in the first quarter of 2024, with a record net profit of $4.52 billion. Around $1 billion …...
SEC Chair Gensler Accused of Misleading Congress on Ethereum Classification
According to Chairman Patrick McHenry (NC-10) of the House Financial Services Committee, new evidence suggests that Gensler intentionally misled Congress regarding the classification of Ethereum (ETH). Key points: Just months after a federal judge sanctioned SEC enforcement lawyers for lying to the court, McHenry asserts in a committee statement that new evidence has emerged that …...
Crypto Losses from Hacks and Scams Hit Record Low in April: CertiK
In a recent report by blockchain security platform CertiK, the month of April witnessed the lowest amount of crypto losses due to hacks, exploits, and scams since 2021. The total losses amounted to approximately $25.7 million. This marks a significant 141% decrease from the previous month. Key takeaways from the report: Read more: North Korea’s …...
North Korea’s Lazarus Group Laundered $200M from 25+ Crypto Hacks: ZachXBT
Lazarus Group, a hacking organization with ties to the North Korean government dating back to 2009, has allegedly laundered over $200 million stolen from more than 25 cryptocurrency hacks. The hacks occurred between August 2020 and October 2023, according to research by on-chain sleuth ZachXBT. By tracing funds across multiple blockchains and through crypto mixing …...
Australia Prepares for a Wave of Spot-Bitcoin ETF Launches: Bloomberg
Australia is poised to witness a surge in spot-Bitcoin exchange-traded fund (ETF) launches, following in the footsteps of the United States and Hong Kong. According to Bloomberg, major issuers such as Van Eck Associates Corp. and BetaShares Holdings Pty are lining up for listings on the Australian Securities Exchange (ASX). Key points: Also read: Crypto …...
Crypto Hacking Group Lazarus Impersonates Fenbushi Capital Exec: Report
North Korea-backed cyber-hacker group, Lazarus, has been actively targeting LinkedIn users by impersonating a senior executive of Chinese blockchain asset management firm Fenbushi Capital, according to a recent report by security firm SlowMist. The hacker group’s latest social engineering tactics involve creating fake LinkedIn profiles to gain the trust of potential victims before launching phishing …...
Convicted Crypto Trader in Mango Markets Heist Faces Child Pornography Charges
Avraham Eisenberg, the crypto trader recently found guilty of the $110 million heist from the decentralized finance (DeFi) protocol Mango Markets, now faces additional charges related to the possession of child pornography. The new allegations detailed in court documents claim that some of the images in Eisenberg’s possession depicted prepubescent minors under the age of …...
New UK Legislation Enables Seizure and Destruction of Crypto Linked to Crime
The United Kingdom (UK) has introduced new legislation granting enhanced powers to the National Crime Agency (NCA) and police to seize, freeze, and destroy cryptocurrencies used for illicit activities. According to the press release, the proceeds came into force today. The updated proceeds aim to bolster the ability of UK law enforcement to effectively investigate, …...
Warren Raises Alarm on Crypto’s Role in Child Sexual Abuse in Letter to DOJ
Senators Elizabeth Warren and Bill Cassidy have expressed their concerns about the increasing use of crypto in the illegal trade of child sexual abuse material (CSAM). The duo shared their concerns in a joint letter to U.S. Attorney General Merrick Garland and Secretary of Homeland Security Alejandro Mayorkas. In addition, the senators are calling on …...
SEC Files Fraud Charges Against Texas-Based Geosyn Mining and Its Co-Founders
The U.S. Securities and Exchange Commission (SEC) has announced the filing of charges against Geosyn Mining, LLC, a Texas-based crypto asset mining and hosting company, and its co-founders, Caleb Ward (CEO) and Jeremy McNutt (former COO). The charges are based on allegedly engaging in an unregistered and fraudulent securities offering. The complaint, filed in the …...
Shiba Inu Team Makes Major Shibarium Announcement
Shiba Inu, the second-largest meme coin, has announced a significant upgrade to its Shibarium network. The upcoming hard fork is set to go live on May 2nd. The team stated in a tweet thread that the upcoming changes aim to improve the user experience, empower the developer and innovator communities, and unlock the platform’s next-level …...
Consensys Files Lawsuit Against SEC, Seeks Clarity on Ethereum’s Status
Consensys, a prominent backer of the Ethereum blockchain, has filed a lawsuit against the SEC in a Texas federal court. On Thursday, Consensys initiated legal action to preempt an impending SEC lawsuit over features of its popular MetaMask wallet. Additionally, the lawsuit seeks a court ruling on the issue of whether Ethereum (ETH) should be …...