FBI Recovers $6M from Crypto Scammers Targeting US Citizens
Authorities have confiscated over $6 million in crypto from wallets associated with Southeast Asia-based Crypto scammers. The US Attorney’s Office for the District of Columbia reported on Sept. 26 that the deception resulted in “one or more individuals” losing millions of dollars after believing they were investing in legitimate crypto enterprises. The FBI traced the […]
Senator Cynthia Lummis Questions SEC’s Crypto Reg Strategy
The approach of the SEC Chair to crypto regulation is criticized by Senator Cynthia Lummis, who advocates for establishing clear rules and properly classifying assets. Cynthia Lummis, a Wyoming Senator and digital asset proponent, has expressed dissatisfaction with the US SEC cryptocurrency regulation. Lummis criticized SEC Chair Gary Gensler for his attitude toward the cryptocurrency […]
Changpeng Zhao Release Causes Dip of BTC & BNB tokens
On September 27, Changpeng Zhao was released early from custody, and the price of Bitcoin and Binance BNB tokens declined since the beginning of the trading day. Zhao was the 24th richest individual in the world at the time, with a net worth of approximately $61 billion as of June 2024, according to a previous […]
Breaking: Binance Changpeng Zhao is Freed from US prison
Changpeng Zhao (CZ), the founder and former CEO of Binance, was released from a federal prison in the US on September 27 after serving a four-month sentence. According to a Nov. 21 statement from the US Department of Justice, CZ pleaded guilty to federal charges in November for failing to implement adequate AML controls at […]
Sorare Charged with Unauthorized Gambling in UK
Sorare, a fantasy sports company, has been accused of providing unauthorized gambling services in the United Kingdom. Sorare, a fantasy sports company, has been accused of providing unauthorized gambling services in the United Kingdom. This is the first action the Gambling Commission has ever taken against a blockchain-based virtual casino platform. The company, headquartered in […]