U.S. Prosecutors Aim for Five to Seven Year Sentence for FTX’s Ryan Salame
Former FTX executive Ryan Salame could face a prison sentence of five to seven years due to the severity of his criminal actions, according to...
CRYPTO
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Hong Kong’s Privacy Watchdog Accuses Worldcoin of Violating Data Laws
Hong Kong’s privacy regulator has determined that Worldcoin violated local privacy laws and has ordered the Worldcoin Foundation to halt all operations in the region....
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US House of Representatives Passes FIT21 Bill
The U.S. House of Representatives passed the FIT21 bill with a majority vote of 279 to 136, forwarding it to the Senate for further consideration....
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US House Set to Vote on FIT21 Act to Clarify Crypto Regulations
The U.S. House of Representatives is scheduled to vote on the Financial Innovation and Technology for the 21st Century Act (HR 4763), also known as...
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FBI Traces Crypto Transfers to Dismantle $100M Dark Web Marketplace
After tracking illicit cryptocurrency transfers, the Federal Bureau of Investigation (FBI) apprehended the owner of a dark web narcotics marketplace. 23-year-old Taiwan resident Rui-Siang Lin,...
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$300 million meme coin fraught with potential security vulnerabilities
According to a security audit conducted by ChatGPT, the creator of the MOG smart contract used the “Ownable” feature within the Meme coin’s code. This...
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Galaxy Digital’s Thorn warns SEC may consider spot ETH as ETF security
According to Alex Thorn, head of research at Galaxy Digital, the US Securities and Exchange Commission (SEC) may take an unexpected stance on the approval...
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Gala Games faces a $200 million security incident due to ‘internal controls’
On May 21, Gala Games, a blockchain gaming startup co-founded by Zynga’s Eric Schiermeyer, reported a significant “security incident” involving GALA tokens, resulting in multi-million...
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Venezuela Takes Action Against Crypto Mining Amid Energy Crisis
Venezuela Implements Ban on Crypto Mining Companies Due to Energy Crisis. Reports from local news outlet AlbertoNews indicate that Venezuela’s Ministry of Electric Power is...
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DOJ Accuses Two Chinese Nationals in $73 Million Cryptocurrency Scam
The U.S. Department of Justice has arrested two Chinese citizens linked to a money laundering scheme totaling $73 million. As announced on May 17, the...
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Imaginary Ones and HUGO Unveil Web3-Enabled Customizable Denim Jacket
The entertainment firm Imaginary Ones, specializing in web3 technologies, has teamed up with fashion brand HUGO to release an innovative customizable denim jacket featuring integrated...
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CEO of DeFi Technologies Discusses the First Bitcoin Yield-Bearing ETP in the Industry
Crypto.news recently spoke with Olivier Roussy Newton, CEO of DeFi Technologies, about the Valour Bitcoin Staking ETP, a groundbreaking product that combines Bitcoin with yield-bearing...
