Telegram CEO Pavel Durov was arrested in France. After the event Token's price will drop by 14%. The warrant alleges that Telegram's lack of control allowed the crime. Pavel Durov, founder and CEO of Telegram, was arrested Saturday evening after his private jet landed and dragged onto the tarmac of Le Bourget airport outside Paris, … Read more
Federal authorities in North Carolina recovered the stolen crypto. The FBI traced the funds to various crypto wallets used in the scheme. The Justice Department identified Tether's assistance in the case. Federal authorities in North Carolina have seized nearly $5 million worth of Tether linked to a “pig butcher” investment fraud scam. The US Attorney … Read more
Bitcoin payments startup raises $2.5 million in pre-seed funding round. Arc Labs plans to bring seamless and scalable payments to Bitcoin. Billionaire investor Tim Draper led the round. Startup Arc Labs said it raised $2.5 million in a pre-seed funding round led by billionaire investor Tim Draper. Venture capital firm Draper Associates, Fulgur Ventures, Axiom … Read more
The judge rules that the SEC must deal with the lawsuit filed by Kraken last November. Kraken argued that its transactions were not subject to SEC regulation. Political pressure on the agency is mounting during the election season. Crypto exchange Kraken faces a lawsuit filed by the US Securities and Exchange Commission accusing it of … Read more
“The time has come to adjust policy,” Fed Chair Jerome Powell said on Friday. Interest rate cuts won't be deep – especially in real terms. Issuers of tokenized Treasuries do not see cuts as a major threat. Federal Reserve Chair Jerome Powell confirmed traders must on Friday already know: A reduction in interest rates is … Read more
The Federal Reserve is likely to cut interest rates in September. Fed Chair Jerome Powell said it was time for a “policy adjustment.” It's finally happening. Federal Reserve Chair Jerome Powell on Friday gave strong indications that the US central bank will soon cut federal interest rates. “It's time to adjust policy,” Powell said at … Read more