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According to Cointelegraph, SafeMoon CTO Thomas Smith pleaded guilty in federal court in Brooklyn to one count of cryptocurrency fraud. Smith pleaded guilty to two counts of securities fraud conspiracy and wire fraud conspiracy, which carry a maximum sentence of 25 and 20 years, respectively. The Department of Justice and the Securities and Exchange Commission have charged Smith with participating in fraud along with SafeMoon CEO Braden John Karony and founder Kyle Nagy. Prosecutors say the thre...
According to Cointelegraph, Michael Saylor, founder of Strategy (formerly MicroStrategy), said at the CPAC Conservative Movement Conference in Washington, D.C., that the United States should establish a strategic reserve of bitcoin, proposing to acquire a 20% share of the bitcoin network. Michael Saylor pointed out that at current prices, 20% of the supply of bitcoin in circulation is about 4 million, worth about $392 billion. He believes that if the United States holds 400-6 million bitcoins, i...
According to Kraken's latest Transparency Report, its regulatory and law enforcement data requests increased by 39 percent in 2024, with the majority coming from U.S. agencies, including the Federal Bureau of Investigation (FBI). The report, released Feb. 19, noted that Kraken received 6,826 data requests from 71 countries in 2024, a significant increase from the previous year. The U.S. accounted for the largest share of requests, with 1,951 inquiries. In the U.S., the FBI was the largest reques...
According to the New York Times, Trump Media Technology Group (DJT. O) has filed a lawsuit against a Brazilian Supreme Court judge in federal court in Tampa, Florida.
According to Cointelegraph, FTX Digital Markets, the Bahamian subsidiary of the collapsed cryptocurrency exchange FTX, will pay its first creditors on February 18. The repayment will bring about $1.20 billion worth of funds. AlvinKan, chief operating officer of BitgetWallet, said the FTX repayment is seen as a positive sign for the recovery of the crypto industry. He believes that a large part of the 1.20 billion dollar repayment may be reinvested in cryptocurrencies, which may affect market liq...
According to Ledger Insights, State Street plans to launch a crypto custody service next year. Last year, State Street partnered with Taurus to develop custody technology. A survey by State Street in the middle of last year revealed strong customer interest in digital asset custody - including tokenization and cryptocurrencies - but greater interest in cryptocurrencies. State Street Bank's assets under custody (AUC) amount to $46.60 trillion, making it the second largest custodian in the world.
On Feb. 17, CoinDesk reported that the Abu Dhabi division of global investment management firm Brevan Howard has invested $20 million in Kinto, an Ethereum Layer2 network. Kinto is a blockchain platform designed for institutions to participate in decentralized finance (DeFi). It integrates compliance features such as KYC and anti-money laundering (AML) at the blockchain level, aiming to help highly regulated Financial Institution Groups participate in the DeFi ecosystem.
According to Fox Business, as digital assets become a regulatory priority, the Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are exploring ways to strengthen cooperation on cryptocurrency regulation. One of the options under discussion is to reactivate the CFTC-SEC Joint Advisory Committee, which was established in 2010 to coordinate regulation of emerging markets, but has been stalled since 2014. Caroline Pham, acting chairperson of the CFTC, called fo...
US President Trump: Musk has his own boundaries, and he reports to me.
Caroline Pham, acting chair of the US Commodity Futures Trading Commission (CFTC), said the regulator had restructured its enforcement arm to "refocus" on fighting fraud and "stop policing through enforcement," CoinDesk reported.
Pixion Games, the game studio behind Web3 action role-playing game Fableborne, announced that it has raised $12.40 million in its latest round of funding led by Delphi Ventures, with participation from Animoca Brands, Yield Guild Games (YGG), and Axie Infinity creator Sky Mavis. The funding will help it prepare for the launch of the POWER token later this year. Fableborne is a free Web3 action role-playing game based on Ronin, developed by Pixion Games and currently in its first season.
According to Diario El Salvador, Bitfinex Securities chief operating officer Jesse Knutson said that the company plans to issue Blockstream Mining Note 2 (BMN2) in El Salvador this Quarter 1.
On January 26, according to China's Legal Daily, in order to implement the spirit of the Third Plenary Session of the 20th Central Committee of the Communist Party of China and give full play to the role of the rule of law in the modernization of the national governance system and governance capacity, on January 19, the Law of Renmin University of China...
The Financial Transactions Reporting and Analysis Centre of Canada (FINTRAC) has issued a warning urging businesses to monitor the role of virtual currencies in money laundering and illicit opioids. Key red flags include frequent online gambling purchases and transactions associated with dark web market addresses.
Canada's Financial Transactions Reporting and Reporting Centre has updated its anti-money laundering strategy, highlighting the role of cryptocurrencies in combating synthetic opioid-related money laundering.
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