Prosecutors allege Edward Zimbardi collected crypto from thousands of investors, lost over $34 million on currency trades and spent at least $10 million personally. Edward Zimbardi, the alleged mastermind of a $165 million crypto Ponzi scheme, was returned to the United States after being deported from Fiji to face federal fraud and money laundering charges. …
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The U.S. Department of the Treasury is asking for public comment on the upcoming implementation of new stablecoin rules. The GENIUS Act, signed by US President Donald Trump last year, establishes a regulatory framework for stablecoins, crypto assets pegged to the US dollar. The legislation requires each token to be fully backed by liquid assets …
The US financial regulator gave conditional approval for World Liberty Financial’s charter bid as ten Democrats signed onto a bill to “prevent corruption in banking applications.“ Amid scrutiny and accusations of conflicts of interest from many lawmakers, the US Office of the Comptroller of the Currency (OCC) gave conditional approval for World Liberty Financial’s application …
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Binance’s UK arm has been barred from offering regulated activities in the country since June 2021, but the company will reportedly move to secure licensing under new crypto rules. Cryptocurrency exchange Binance is reportedly planning to apply for a license with the UK’s Financial Conduct Authority (FCA) in a move expected to relaunch certain services …
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The regulatory review could shape an emerging market that lets companies and investors trade and hedge the cost of increasingly scarce AI computing power. The US Commodity Futures Trading Commission (CFTC) is preparing to solicit public comment on futures contracts tied to computing capacity, a critical resource for artificial intelligence development, as major exchanges move …
The stablecoin bill signed into law last year is scheduled to go into effect in January 2027, potentially without finalized regulations from US government agencies. The US Department of the Treasury issued a notice of proposed rulemaking related to the implementation of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, a bill …
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Bitcoin price strength saw BTC/USD pass $64,000 on 2% daily gains as gold pushed higher while US stocks wobbled on fresh US-Iran rhetoric. Bitcoin (BTC) returned to $64,000 after Monday’s Wall Street open as US stocks gave way to gold. Key points: Data from TradingView showed BTC/USD up by more than 2% on the day, …
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Tom Lee’s Ethereum treasury company keeps buying the second-biggest crypto through the downturn, while more than 5 million staked ETH is projected to generate $287 million in annual rewards. Tom Lee’s Bitmine Immersion Technologies, an Ethereum treasury company, resumed its Ether purchases last week, bringing it closer to a key business target of owning 5% …
Continue reading “Bitmine nears 5% of Ethereum supply despite $8.4B in unrealized losses”
Reuters reported that Binance supplied transaction records and identity documents later used in a terrorism-financing case against Yuri Belenkiy. Binance reportedly provided Russian authorities with transaction records and personal information belonging to a customer accused of financing terrorism via cryptocurrency donations to Ukrainian fundraising campaigns. Russian investigators used information supplied by Binance as evidence against …
Researchers say ordinary mistakes involving testnet addresses, reused contracts and exposed private keys have triggered hundreds of millions in losses on Ethereum and BNB Chain. The USENIX Association says on-chain analysis of millions of addresses identified 65,340 high-risk instances tied to contract and externally owned account misuse. The term “address misuse” essentially refers to people …
A crypto hardware wallet provider is disclosing an authorization flaw in its order-tracking plug-in that exposed sensitive customer order details. SafePal says the flaw allowed unauthorized external access to names, email addresses, shipping addresses, phone numbers, and purchase details for approximately 39,798 customers who placed orders from March 2nd, 2025, to April 11th, 2026. Information …
The FMA said Bitpanda breached MiCA rules on crypto white papers and marketing communications, with the decision now final. Austria’s financial regulator has fined crypto platform Bitpanda 70,000 euros ($82,000) for violating the European Union’s Markets in Crypto-Assets Regulation, in the watchdog’s first published final penalty under MiCA. The Austrian Financial Market Authority (FMA) said …
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Greenlane recorded a $19.1 million noncash valuation loss as BERA’s price fell nearly 76% year to date. Greenlane Holdings’ BERA-focused crypto treasury ended the second quarter valued at $16.4 million, less than a quarter of its $70 million cost basis, according to a regulatory filing. On Friday, the company said it held 81.3 million BERA …
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The sealed complaint leaves Chainalysis’ specific objections and requested remedy undisclosed as briefing continues. Blockchain analytics company Chainalysis has sued the United States government over an Immigration and Customs Enforcement (ICE) decision to award a sole-source contract to competitor TRM Labs. On July 27, Chainalysis Government Solutions filed the challenge in the US Court of …
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Owners of Trezor and SafePal crypto wallets at high risk of phishing attempts after separate data leaks, CLARITY odds at 10% despite White House meeting this week. Galaxy Digital has lowered its estimate of the CLARITY Act’s chances of passing in 2026 to just 10%. In May it had estimated the chance of passage at …
Continue reading “Data of 54,000 wallet users leaked, CLARITY odds just 10%: Hodler’s Digest”
