New York’s Role in Shaping Crypto Regulation Adrienne Harris, head of the New York State Department of Financial Services (NYDFS), highlights New York’s significant influence on the cryptocurrency ecosystem, particularly in regulatory framework development. The NYDFS frequently advises federal legislators…
US House Democrats are investigating Donald Trump’s crypto-related activities, demanding access to suspicious activity reports (SARs) from the Treasury Department. Representatives Connolly, Morelle, and Raskin’s May 14th letter requests all SARs filed since 2023 concerning World Liberty Financial (WLF) and…
Coinbase’s aggressive acquisition strategy continues, fueled by a robust balance sheet and a desire for international expansion. CEO Brian Armstrong confirmed the company’s ongoing pursuit of merger and acquisition opportunities, highlighting their $9.9 billion in readily available resources. This follows…
Cryptocurrency’s traceability is proving a challenge for some criminal organizations, leading to a rise in crypto-related kidnappings, according to Chainalysis CEO Jonathan Levin. Despite a perception of untraceability, law enforcement is successfully tracking stolen funds and ransom payments, resulting in…
Telegram’s decisive action against Haowang Guarantee, a major Chinese darknet marketplace, marks a significant blow to global cybercrime. Operating on Telegram, Haowang Guarantee facilitated an estimated $27 billion in illicit transactions, primarily using Tether (USDT). Following Telegram’s May 13th ban…
The bipartisan GENIUS Act, aiming to regulate stablecoins, is poised for a Senate vote as early as next week. The bill’s progress was initially stalled due to concerns about provisions targeting President Trump’s various crypto ventures, including a memecoin, a…
The Singapore High Court has ordered the liquidation of Multichain, a cross-chain protocol, following a lawsuit filed by Sonic Labs (formerly Fantom Foundation). This action aims to recover funds lost in a 2023 hack that affected multiple blockchains, including Fantom,…
Jonathan Mills, founder and CEO of Satoshi Labs LLC (formerly Proof of Work Labs LLC), faces accusations of misappropriating millions from the Hashling NFT project and a related Bitcoin mining operation. A May 14th Illinois court filing details a lawsuit…
Cryptocurrency’s traceability is proving a challenge for criminal organizations, leading to a rise in crypto-related kidnappings, according to Chainalysis CEO Jonathan Levin. Despite a perception of untraceability, law enforcement is increasingly successful in tracking stolen funds and ransom payments, resulting…
The closure of Haowang Guarantee, a major Chinese darknet marketplace operating on Telegram, marks a significant blow to global cybercrime. Facilitating an estimated $27 billion in illicit transactions primarily using Tether (USDT), Haowang Guarantee offered a range of criminal services.…
