Heather Morgan, famously known in the rap world as “Razzlekhan,” has recently been sentenced to 18 months in prison for her involvement in a significant money laundering scheme connected to the notorious 2016 Bitfinex hack. Morgan and her husband, Ilya Lichtenstein, were embroiled in a conspiracy that siphoned approximately 120,000 Bitcoins, valued at $71 million
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In a landscape where the intersection of technology and politics continually evolves, the anticipated private meeting between Brian Armstrong, CEO of Coinbase, and President-elect Donald Trump has captured the interest of both the cryptocurrency community and political analysts. As reported by the Wall Street Journal, this engagement is reportedly initiated by Trump’s transition team and
On November 18, Binance made headlines with the introduction of BFUSD, a yield-bearing stablecoin tailored specifically for futures and perpetuals traders. This innovative financial instrument aims to attract investors by offering an impressive annual percentage yield (APY) of approximately 19.55%. By enabling users to earn rewards simply by holding BFUSD in their futures accounts, Binance
Recent media reports indicate that the Trump Media and Technology Group (TMTG) is in advanced negotiations to acquire Bakkt, a prominent cryptocurrency trading platform under the umbrella of the Intercontinental Exchange (ICE). If the deal materializes, it would mark a significant foray for TMTG into the burgeoning world of cryptocurrency, a space that has gained
In a recent notice issued on November 15, the Hong Kong Monetary Authority (HKMA) has raised a significant red flag regarding the conduct of certain foreign cryptocurrency firms operating within its jurisdiction. These entities are deceitfully marketing themselves as legitimate banks to deceive individuals in Hong Kong and gain their trust. This situation highlights a
Somnia has taken a significant leap forward in the blockchain space with the launch of its Developer Network, commonly referred to as Devnet. This platform is being heralded as the “dream computer” for developers eager to leverage high-performance blockchain technology. As various sectors including gaming, decentralized finance (DeFi), and social finance (SocialFi) look towards on-chain
Recent investigations by the South Korean Financial Intelligence Unit (FIU) have brought to light alarming Know-Your-Customer (KYC) violations linked to Upbit, the nation’s premier cryptocurrency exchange. On November 14, local reports emerged indicating that these infractions were discovered during a routine review of Upbit’s business license renewal. The FIU revealed the existence of between 500,000
The investigation into the massive $235 million breach of the popular crypto exchange WazirX has seen significant developments, particularly with the arrest of SK Masud Alam. This breakthrough shines a light on the multifaceted nature of digital fraud, where a seemingly ordinary individual can become entangled in a web of deception and illicit activities. Alam,
In recent weeks, Bitcoin has been a focal point for both seasoned and novice investors, with its price hovering between $87,000 and $87,500. This narrow band may not appear particularly enticing for those looking to capitalize on a breakout to $90,000, especially in light of the imminent release of Consumer Price Index (CPI) data on
The conversation surrounding the potential introduction of a Central Bank Digital Currency (CBDC) in the United States has gained traction, yet skepticism persists among key financial authorities. Recently, Federal Reserve Governor Christopher Waller articulated such reservations during his address at The Clearing House Annual Conference 2024. Waller’s scrutiny largely revolves around identifying a tangible problem