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
Trader Joe DEX is creating a protocol to compete with existing memecoin generators.Memecoin generators collectively generate an average of $1 million in daily revenue. The top meme coins have a total value of $42.6 billion. Decentralized exchange Trader Joe's, which counts $135 million in user deposits, is targeting the red-hot memecoin market with a suite … Read more
Jake Donoghue used to be a crypto insider. Now, he's a crypto whistleblower. He wants his new tell-all to expose the “rotten” industry as if it were in its death throes. When Jake Donoghue called from London's Cafe Din on Monday, his camera was off. A pixelated headshot of a man in a sports jacket … Read more
The SEC's top crypto cop has left the agency to join a law firm. Now he reveals his thoughts on Gary Gensler's attacks on the industry and why regulation is a good thing. David Hirsch finally got a chance to rest. Until June, he headed the Cyber and Crypto Enforcement Division of the Securities and … Read more
Asia Dispatch Taiwan has sentenced eight military officers in the Chinese spy case. Taiwan says China paid them in crypto for spying. China may ban its citizens from buying and selling crypto, but it is willing to use digital assets to pay off foreign spies. That's the takeaway after eight current and former military officers … Read more
Former President Trump is promoting a crypto project. Trump's sons have been teasing the project for weeks. Trump's crypto project has not been detailed. Former President Donald Trump promoted an upcoming crypto project called “The Defiant Ones” with his posting Truth is a social platform, but little actual detail or explanation. “For too long, the … Read more
Prosecutors charged Michelle Bond with violating campaign finance laws. She is a former Republican candidate turned founder of a crypto think tank. Her fiancé, convicted ex-FTX executive Ryan Salam, is already serving more than seven years in prison. Salam is seeking to withdraw his plea and seeking to withdraw his plea. Prosecutors reneged on a … Read more