Donald Trump Pardons Three BitMEX Founders
Former U.S. President Donald Trump has reportedly granted presidential pardons to three co-founders of the BitMEX cryptocurrency exchange. While the official reasons remain unclear, all three individuals had previously been convicted and received relatively light sentences, such as home confinement, probation, and financial penalties. Lack of Formal Statement As of now, the White House has not released an official statement
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U.S. Department of Justice Seizes Crypto Assets Linked to Hamas
The U.S. Department of Justice (DOJ) has announced the confiscation of digital assets connected to Hamas, marking a significant step in a joint operation by the FBI and Internal Revenue Service (IRS) aimed at disrupting terrorist financing networks. Details of the Seizure According to the DOJ, the seized crypto assets were held across multiple cryptocurrency wallets associated with Hamas’s military
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U.S. Treasury Seeks to Reinstate Sanctions on Tornado Cash
Paul Grewal, Chief Legal Officer of leading U.S. crypto exchange Coinbase (NASDAQ: COIN), revealed that the U.S. Department of the Treasury is attempting to overturn a court ruling that lifted sanctions on the crypto mixer Tornado Cash. On March 21, government officials filed a motion to challenge the prior court decision, which concluded that the Treasury had overstepped its authority
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Trump’s SEC Pick Pledges Support for Crypto Sector
Paul Atkins, President Donald Trump’s nominee for Chair of the U.S. Securities and Exchange Commission (SEC), has pledged to implement crypto-friendly regulatory policies if confirmed. In a written statement released by the Senate on Wednesday, Atkins promised to ensure that SEC regulations will not hinder capital formation and emphasized his commitment to supporting the growth of the digital asset sector.
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U.S. Treasury Moves to Reinstate Sanctions on Tornado Cash
The U.S. Department of the Treasury is attempting to overturn a court ruling that lifted sanctions on the crypto mixer Tornado Cash. Paul Grewal, Chief Legal Officer of Coinbase (NASDAQ: COIN), revealed that on March 21, Treasury officials filed a motion to challenge the ruling, which had declared that the sanctions exceeded legal authority by targeting immutable smart contracts. Court
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Donald Trump Vows to Make the U.S. a Global Crypto Superpower
Former President Donald Trump has pledged to end the “regulatory war” on cryptocurrencies, initiated under Joe Biden’s administration. He emphasized the need for clear and fair regulations to support stablecoins and the broader crypto market. Trump’s Vision for Crypto in America 🔹 Regulatory Clarity: Trump believes Congress must pass legislation that provides simple and transparent rules for the crypto industry.
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Scammers Pose as Binance Support to Steal Crypto Funds
Cybercriminals are impersonating Binance representatives to deceive users into transferring their crypto funds to fraudulent wallets, authorities warn. How the Scam Works Scammers contact victims through SMS messages or encrypted messaging platforms, claiming their Binance accounts have been compromised. They: 🔹 Send fake verification codes to gain trust. 🔹 Provide fraudulent phone numbers that direct victims to scammers posing as
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Charles Hoskinson: U.S. Authorities Have Labeled the Crypto Industry as Criminal
Cardano founder Charles Hoskinson has openly criticized U.S. regulators, stating that the Securities and Exchange Commission (SEC) has already branded the crypto industry as criminal. Hoskinson Blasts SEC’s Actions Hoskinson pointed out that the SEC has sued both major crypto firms and smaller startups, accusing them of violating securities laws. As a result, the industry has suffered legal costs in
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North Korea Surpasses El Salvador and Bhutan in Bitcoin Holdings
According to analysts at Arkham Intelligence, North Korea (DPRK) has become one of the largest state holders of Bitcoin, overtaking El Salvador and the Kingdom of Bhutan. How Did North Korea Accumulate So Much Bitcoin? North Korea’s growing Bitcoin reserves are primarily linked to cyber activities carried out by the notorious Lazarus Group, a state-backed hacking collective. Recently, the group
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U.S. Comptroller of the Currency Approves Banks to Work with Crypto
The Office of the Comptroller of the Currency (OCC) has officially permitted banks to offer custody services for crypto assets and manage digital assets on behalf of their clients. This marks a significant regulatory shift, allowing traditional financial institutions to integrate cryptocurrency services into their operations. What Does This Mean for Banks? Under the new guidelines: 🔹 Banks can provide
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