U.S. Congressman Gabe Amo (D-RI), along with Congressmen Brad Sherman (D-CA) and Gerald E. Connolly (D-VA), sent a letter to U.S. Treasury Secretary Janet Yellen regarding the Moscow-based cryptocurrency exchange Garantex. They expressed concerns that Garantex is reportedly facilitating sanctions evasion and funding Russia’s invasion of Ukraine. The letter cited reports indicating that $20…
Zimbabwe Government-Appointed Committee Aims to Understand Local Cryptocurrency Ecosystem
May 16, 2024
The Zimbabwean government has formed a multi-stakeholder committee, tasked with consulting stakeholders in the cryptocurrency ecosystem. This committee, known as the National Risk Assessment Coordination Committee (NRACC), aims to determine the nature and extent of the…
Industry Experts Foresee Massive Growth for Crypto Market, Predictions up to $100 Trillion
May 15, 2024
Raoul Pal, a well-known financial sector figure, predicts a significant expansion of the crypto market, forecasting its market capitalization could reach $100 trillion due to global liquidity trends and technology adoption. His analysis is underpinned by observations of the…
Moonpay Donates $1 Million to Stand With Crypto
May 15, 2024
Moonpay, one of the largest cryptocurrency onramp and offramp providers, has donated $1 million to Stand With Crypto, a nonprofit that seeks to rally American voters around the cryptocurrency cause. Moonpay CEO Ivan Soto-Wright stated that the donation made would contribute to creating an innovation-fostering crypto framework by helping choose crypto-friendly officials.
Moonpay Contributes $1…
The U.S. District Court for the District of Columbia has ordered the forfeiture of 279 cryptocurrency accounts containing funds linked to alleged hacks of crypto exchanges by North Korean operatives. This measure is a component of a broader U.S. effort aimed at dismantling…
Turkey is preparing to present a new law to regulate crypto assets to Parliament. The legislation, aimed at aligning with international standards and reducing risks associated with crypto transactions, will enforce strict regulations on the licensing and operation of…
Rich Dad Poor Dad author Robert Kiyosaki has issued a cautionary statement regarding the possible downfall of the U.S. dollar in the event of the BRICS economic bloc launching a gold-backed cryptocurrency. Kiyosaki predicts a scenario where trillions of U.S. dollars flood back into the country, leading to hyperinflation and the eventual collapse of the U.S. dollar.
Robert Kiyosaki on BRICS Crypto…
A senior Bloomberg ETF analyst predicts that spot ethereum exchange-traded funds (ETFs) in the U.S. are unlikely to emerge this year. Despite the Securities and Exchange Commission (SEC) approving spot bitcoin ETFs, the same is not expected for Ethereum due to different…
Retail trading platform Robinhood has announced that its crypto revenue grew by 232% in the first quarter. Despite this success, Robinhood faces potential enforcement action by the U.S. Securities and Exchange Commission (SEC), alleging that some of the cryptocurrencies…
Woman Sentenced to 9 Years in Prison for Crypto-Funded Murder-for-Hire Scheme – News Bytes
May 10, 2024
Michelle Murphy, 58, from Bedford, Texas, has been sentenced to nine years in federal prison for attempting to hire a hitman using bitcoin to kill her boyfriend’s lover. Charged in September 2023 and pleading guilty in December, Murphy used the dark web to orchestrate the crime, paying $10,510 in bitcoin. The transaction was traced through blockchain analysis after Murphy converted cash to BTC…
