A Brazilian man accused of masterminding a $ 290 million crypto Ponzi scheme has been extradited to the U.S., where he faces fraud charges and a potential 20-year sentence. Global Crypto Fraudster Faces U.S. Justice—Inside the $ 290M Bitcoin Scheme A Brazilian national has been extradited from Switzerland to the United States to …
The Stanford Blockchain Club, a prominent group at Stanford University, has voiced significant worries about the U.S. government’s legal pursuit of Tornado Cash developers, Roman Storm and Roman Semenov, using old-school federal money transmission laws. Legal Overreach? Stanford Group Critiques Tornado Cash Indictments In their in-depth analysis, “Tornado Cash and the Boundaries of Money Transmission,” […]
The U.S. Securities and Exchange Commission (SEC) has charged Flyfish Club for conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), raising $ 14.8 million for an exclusive restaurant project. “Flyfish agreed to a cease-and-desist order, to pay a $ 750,000 civil penalty, and to comply with certain undertakings,” the …
While non-fungible token (NFT) sales saw a 24% boost the week before, the last seven days have witnessed a 4.3% dip. Meanwhile, the number of NFT buyers jumped by 31.48%, with sellers also on the rise by 25.86%. NFT Sales Drop 4.3%, But Buyer and Seller Participation Increased This past week, NFT sales were rather […]
Cryptocurrency exchange Kraken announced its partnership with Atlético de Madrid, one of Spain’s most iconic football clubs, on Wednesday. Starting with the 2024 season, Kraken will be the Official Crypto and Web3 Partner and the Official Sleeve Partner for all Atlético de Madrid men’s and women’s football shirts. This collaboration aims to merge the worlds […]