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 ...
The Wisconsin Department of Financial Institutions (DFI) has launched a publicly accessible tracker to combat cryptocurrency and other investment scams. This initiative, according to the agency, comes in response to nearly $3.55 million lost by Wisconsinites to financial grooming and cryptocurrency fraud between January 2022 and June 2024. While the ...
Regulators in the United States and Canada have issued warnings to consumers about the rapid increase in romance scams involving cryptocurrencies, urging them to be cautious of their online interactions. In a recent statement, the U.S. Federal Trade Commission (FTC) advised individuals to be cautious of online love interests who ...
Bitcoin could reach a new all-time high as soon as next week following the United States recording its lowest number of job openings in three years, according to crypto research platform 10x’s Markus Thielen. Markus Thielen, head of research at 10x Research, noted in the company’s latest market update, that ...
Two United States Senators have proposed new legislation to regulate stablecoin cryptocurrencies and clarify their role in the country's financial landscape. On Wednesday, April 17, Bloomberg reported that Senator Kirsten Gillibrand of New York and Senator Cynthia Lummis of Wyoming jointly introduced the Lummis-Gillibrand Payment Stablecoin Act in their latest ...
