Two Chinese nationals were charged with orchestrating a large-scale cryptocurrency scam that netted at least $73 million in laundered funds, the U.S. Department of Justice announced on Friday. According to the DOJ, Daren Li, 41, a dual citizen of China and St. Kitts and Nevis, was arrested on April 12 at Hartsfield-Jackson Atlanta International Airport. Yicheng Zhang, 38, a resident…
The French securities regulator, the Autorité des Marchés Financiers (AMF), has issued a renewed warning against using the digital asset platform Bybit. The AMF reminded French investors that Bybit is an unregistered crypto platform operating illegally in the country. The regulator has advised French investors who use Bybit to take all the necessary precautions to […] Source: https://news.bitcoin.com/french-regulator-renews-warning-against-blacklisted-bybit/
On April 30, a judge sentenced the former Binance CEO to four months in federal prison but did not set a reporting date at his hearing. Source: https://cointelegraph.com/news/changpeng-zhao-project-reporting-prison
Project DESFT is meant to encourage trade between small businesses using a CBDC and a stablecoin, with an emphasis on credentialing. Source: https://cointelegraph.com/news/ghana-singapore-digital-economy-token-msme-trade
Ethereum layer-2 solution Blast continues to be a lucrative place to earn money. On Thursday, Twitter user Punk9059—a notable pseudonymous crypto personality—said he had made well over $100,000 worth of crypto primarily from posting two tweets related to the Pacmoon meme coin. “I got paid over $100k for two tweets,” Punk9059 tweeted. “What’s crazy is I had no idea it…
The team behind the Bitcoin layer-2 developer has successfully frozen some exploited crypto after the attacker tried to cash out by sending funds to exchanges. Source: https://cointelegraph.com/news/alex-labs-freezes-3-9-million-exploited-funds-cexs-after-hack
Morgan Stanley (NYSE:MS) disclosed a substantial stake in Grayscale’s Bitcoin Trust , totaling nearly $270 million as of March 31, according to a recent 13F filing. This investment, along with similar disclosures from banking giants like JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC), and UBS (NYSE:UBS), underscores growing institutional interest in cryptocurrency among wealth management clients. It’s worth noting that these holdings…
This week’s Crypto Biz features Galaxy Digital and CoinShares earning results, Franklin Templeton’s CEO betting on blockchain, Polymarket’s funding raise, and a leadership transition at dYdX. Source: https://cointelegraph.com/news/crypto-biz-galaxy-coinshares-q1-results-etfs-blockchain
Following the policymaker’s survey, U.S. Representative Thomas Massie (R-Ky.) announced the introduction of H.R. 8421, known as the “Federal Reserve Board Abolition Act.” This legislation aims to dismantle the Board of Governors of the Federal Reserve and close its branches across the continental United States. Federal Reserve Board Abolition Act Resurfaces Two days ago, Massie, […] Source: https://news.bitcoin.com/us-lawmaker-introduces-bill-to-dismantle-feds-board-of-governors-and-abolish-the-central-bank/
In a significant legal development, a Nigerian court has determined that Binance executive Tigran Gambaryan can be prosecuted on behalf of the cryptocurrency exchange in an ongoing tax evasion case. The case involves Binance and its executives, including Gambaryan, a U.S. citizen serving as head of financial crimes compliance, and British-Kenyan national Nadeem Anjarwalla, who holds the position of regional…
