Celsius Founder Faces Up to 30 Years for $4.7B Crypto Fraud, DOJ Says Alex Mashinsky, the founder of Celsius Network, faces up to 30 years in prison for orchestrating a $4.7 billion cryptocurrency fraud scheme, according to the U.S. Department of Justice. This case underscores the urgent need for regulatory oversight in the cryptocurrency industry. […]
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Australia Cracks Down on Inactive Crypto Exchanges to Combat Scams and Money Laundering In a bold move to combat criminal activities within the cryptocurrency sector, Australia’s financial intelligence agency, the Australian Transaction Reports and Analysis Centre (AUSTRAC), is intensifying its efforts. AUSTRAC is targeting inactive digital currency exchanges, warning them to update their status or […]
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Neo Shuts Down Legacy Blockchain, Urges Migration to Neo N3 by Q4 Neo, a leading blockchain platform, has announced the shutdown of its original blockchain, Neo Legacy, by October 31, 2024. Launched in 2016, Neo Legacy will be replaced by Neo N3, which debuted in June 2021. Users must migrate their assets and smart contracts […]
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Circle Gains Ground in Abu Dhabi: A Step Closer to Expanding Its Global Reach Circle, the powerhouse behind the widely-used stablecoin USD Coin (USDC), has secured a significant regulatory nod from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM). On April 29, 2025, Circle received in-principle approval (IPA) to operate as a […]
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Ray Dalio Warns of Monetary Order Breakdown: Are Crypto Presales the Future? Ray Dalio, the founder of Bridgewater Associates, has issued a stark warning about the potential breakdown of the global monetary order due to escalating US tariffs and trade wars. His insights suggest that investors may need to turn to ‘hard’ assets like Bitcoin […]
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Sneak Peek: Influencer Mario Nawfal’s Crypto AfterParty for Token 2049 Mario Nawfal, a leading voice in the crypto space, is set to bring his famed “Crypto AfterParty” back to the TOKEN2049 conference in Dubai, scheduled for April 30 to May 1, 2025. This exclusive event, known for its wild and uncensored vibe, promises to be […]
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1inch Launches on Solana: Tapping into the Meme Token Frenzy 1inch, the leading Ethereum-based DEX aggregator, has launched its services on the Solana blockchain, targeting the current surge in Solana token activity driven by meme coins. This move aims to offer efficient swaps across over one million tokens and enhance 1inch’s revenue streams amidst declining […]
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Celsius Network Founder Alex Mashinsky Faces 20-Year Sentence for Multi-Billion Dollar Crypto Fraud U.S. prosecutors are pushing for a 20-year prison sentence for Alex Mashinsky, the founder of Celsius Network, in a case that highlights one of the largest frauds in the cryptocurrency industry. This case serves as a stark reminder of the risks and […]
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Crypto Czar David Sacks Joins Donald Trump Jr.’s Elite New Club in D.C. In Georgetown, Washington D.C., the Executive Branch club is set to open its doors next month, promising exclusivity at a $500,000 membership fee. Spearheaded by Donald Trump Jr. and his business partners, the club boasts founding members like David Sacks, a prominent […]
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Arizona’s Crypto Ambitions Hang in the Balance Arizona is poised to revolutionize its financial strategy by potentially becoming the first U.S. state to invest public funds in cryptocurrencies, awaiting the decision of Governor Katie Hobbs. AZ Senate Bills 1025 & 1373 passed, awaiting Governor Hobbs’ signature. Up to 10% of public funds could be invested […]
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