Executives from major crypto firms, including Ripple, Kraken, and Circle, are vying for seats on the crypto advisory council proposed by U.S. President-elect Donald Trump, according to a Reuters report published on November 22. Trump's team is reportedly deliberating the council's structure and membership. Reuters quoted anonymous sources suggesting firms ...
Daren Li could face a maximum of 20 years in a United States prison after pleading guilty to laundering millions in stolen funds through cryptocurrency scams. According to a plea deal filed on November 11 in a U.S. federal court, the 41-year-old dual citizen of China and St. Kitts and ...
United States prosecutors are pushing to seize nearly $18.5 million worth of cryptocurrencies linked to alleged bribes paid by FTX co-founder Sam Bankman-Fried to Chinese officials. A November 12 court filing in the New York District Court alleges that the funds, currently in a Binance account, were initially valued at ...
The Shiba Inu team has generated renewed excitement in the cryptocurrency space with a proposal to establish the Strategic Hub for Innovation in Blockchain (S.H.I.B.) in the United States. On November 5, Shiba Inu's lead developer, Shytoshi Kusama, announced the initiative in a post on X, emphasizing the goal of ...
Ilya Lichtenstein, the mastermind behind the largest cryptocurrency hack in history, faces a 5-year prison sentence after U.S. prosecutors urged a Washington district judge to impose the punishment. Lichtenstein, along with his wife, Heather Morgan, admitted to laundering $6 billion worth of Bitcoin stolen during the 2016 hack of Bitfinex, ...
Vice President Kamala Harris made her first public statement about cryptocurrency while recently campaigning for the U.S. presidency at a Wall Street fundraiser in Manhattan since becoming the Democratic Party's top presidential candidate. According to a report by Bloomberg on September 23, 2024, Vice President Kamala Harris has pledged to ...
A significant shift is occurring in the U.S. political landscape, with cryptocurrency emerging as a crucial campaign issue for the first time in a presidential election, according to Gemini's latest "Global State of Crypto" report released today, September 10, 2024. The report is based on a survey of a random ...
The US Securities and Exchange Commission (SEC) appears determined to maintain its position on a rule limiting crypto custody services for regulated financial firms. In an X post on September 10, 2024, ETF Store President Nate Geraci stated that the SEC "appears to be firmly committed" to SAB 121. "They ...
U.S. Senate majority leader, Senator Chuck Schumer, has been accused of excluding cryptocurrency from his legislative priorities contrary to his earlier commitment to do so this year. In a recent X post, Fox News journalist Eleanor Terrett pointed out that Senator Schumer's latest "Dear Colleague" letter to his fellow Demcract ...
The European Central Bank is gearing up to take on the dominant American and Chinese payment systems with the launch of a digital euro, according to Piero Cipollone, a member of the ECB’s executive board. In an interview with Le Monde, Cipollone emphasised the urgency for Europe to catch up ...
