An Indian national has been sentenced to five years in prison after being convicted of stealing more than $20 million in a crypto fraud scheme involving fake crypto websites. U.S. District Judge Kenneth D.
Victims gave up two-factor authentication codes to the fraudster, with him impersonating Coinbase customer support.
The ongoing fallout from the FTX collapse, a former executive of the troubled cryptocurrency exchange is pleading for leniency as he approaches his court hearing. Nishad Singh, who served as the company's engineering chief, has requested a lighter sentence from a federal judge in Manhattan, arguing that his role in the scandal was not as significant as that of others involved.
A Nigerian court has postponed the trial of Binance executive Tigran Gambaryan, who is currently in detention in Nigeria. One hearing was rescheduled after Gambaryan, an American citizen and head of financial crime compliance at Binance, failed to appear because he was ill.
In a fiery debate co-hosted by WBZ and The Boston Globe on Tuesday evening, Democratic Senator Elizabeth Warren (D-MA) launched a pointed attack on her Republican opponent, attorney John Deaton, accusing him of being too closely aligned with the crypto industry.
Trump's crypto plans sound perfect on paper — but what's the catch? Could Harris' understated approach hold the key to a safer, smarter crypto future?
The BRICS bloc officially embraced crypto for investments in a new bullish development on October 18.
Some executives at crypto and blockchain firms have suggested prioritizing US congressional races over the presidential election.
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Institutional demand is driving a significant increase in onchain loans across DeFi protocols.
Vice President Kamala Harris is reportedly eying two possible candidates to replace Gary Gensler as chair of the Securities Exchange Commission (SEC).
In another fabulous story from the crypto market, an investor has realized a staggering 3,360% return, transforming an initial investment of $86,000 into approximately $3.9 million. This extraordinary gain was achieved through an investment in the memecoin Goatseus Maximus (GOAT).
Bot-inspired meme tokens are a whole new wave of assets, verging on the meaningless. Truth Terminal is quickly turning into a crypto influencer, creating hype around the GOAT token.
You've heard of the blockchain trilemma describing the challenge of simultaneously achieving three critical objectives in designing a crypto network:
The Fairshake and Defend American Jobs PACs reported media buys for GOP and Democratic candidates in the House of Representatives ahead of the elections.
Chirag Tomar, an Indian citizen, was sentenced to 5 years behind bars on Thursday for orchestrating a multi-million dollar crypto scheme by creating fake Coinbase websites.
A significant security breach has rocked the decentralized finance (DeFi) protocol Tapioca DAO, leading to a steep decline in the value of its TAP token. On Friday, an attacker was able to drain 28 million TAP tokens from one of Tapioca DAO's smart contracts.
The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone.
OKX's Rafid Mahasneh and Haider Rafique discuss their launch in the UAE, offering unique products like AED banking rails and trading pairs. This content is not an offer or solicitation to buy, sell, or hold virtual assets.
On Friday at the Vienna Macroeconomics Workshop, Fed Governor Christopher Waller opined that DeFi could complement and substitute centralized finance. He observed that the technologies responsible for this area may enhance efficiency within traditional financial operations by allowing individuals to trade assets directly without intermediaries.
BlackRock and Securitize are reportedly in talks to integrate BUIDL as collateral for derivatives trading on Binance, OKX, and Debirit.
Federal Reserve Governor Christopher Waller has just told a workshop on Friday that decentralized finance (DeFi) has the potential to complement traditional financial systems. Speaking at the Institute of Advanced Studies' Vienna Macroeconomics Workshop, Waller cited some DeFi aspects like technology as critical they can affect and support traditional financial services.
American businessman and billionaire Mark Cuban is a vocal critic of presidential aspirant Donald Trump, and these days, he doesn't spare any opportunity to express his dislike. With the 2024 elections just around the corner, presidential candidates have intensified their campaign efforts, lobbying donors and pandering to various opinion groups.
Federal Reserve Governor Christopher Waller believes that DeFi is more likely to work alongside traditional finance rather than replace it entirely. Speaking at the Vienna Macroeconomics Workshop on Oct. 18, Waller delved into the ongoing debate surrounding DeFi's role in the financial system, acknowledging its innovations while highlighting the enduring value of centralized finance.
A cryptocurrency trader has missed on a windfall after exiting their position in the Goatseus Maximus (GOAT) meme coin early, failing to capitalize on the token's recent gains.
The founders of analytics firm Glassnode say that altcoins may have one last dip before they start to outperform Bitcoin (BTC). Jan Happel and Yann Allemann, who go by the handle Negentropic, tell their 63,400 followers on the social media platform X that despite a possible near-term correction many altcoins may soon start performing well.
BlackRock is trying to have its digital money-market token, BUIDL, used as collateral in cryptocurrency derivatives trades.
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Imprisoned Binance executive Tigran Gambaryan failed to attend a Nigerian court hearing due to his poor health, forcing a delay.
The President of the Central Bank of the Latin American giant announced plans to expedite the regulation of asset tokenization and stablecoins by 2025. The bank will issue a new consultation this month to gather more input on the rules for approving VASPs' operations in the country.
BlackRock is making moves to expand the use of its digital money-market coin, BUIDL, as collateral for cryptocurrency derivatives trades. According to sources familiar with the matter shared by Bloomberg, BlackRock and its brokerage partner, Securitize, are engaged in early discussions with some of the largest global crypto exchanges.
Tapioca DAO, a decentralized money market protocol on LayerZero, has suffered a security breach that crashed its native TAP token by more than 90%. On Oct. 18, blockchain security firm Cyvers revealed that the protocol's deployer address was compromised, resulting in unauthorized changes to the vesting contract's ownership.
DeFi's integration into traditional finance could enhance efficiency but necessitates careful regulation to balance innovation with security. The post Fed's Waller says DeFi can improve efficiency in centralized finance appeared first on Crypto Briefing.
If the company's case can clear one procedural hurdle, it will have the SEC on its heels in Texas.
DeFi can complement centralized financial sectors, but won't serve as a replacement, said Federal Reserve Governor Christopher Waller.
BlackRock is in discussions to integrate BUIDL as collateral on Binance, OKX, and Deribit, aiming to transform crypto derivatives markets. The post BlackRock to integrate BUIDL fund as collateral for Binance, OKX, and Deribit appeared first on Crypto Briefing.
Judge Emeka Nwite denied bail again, stating that prison conditions can address health needs. Tigran Gambaryan's wife reported his declining health, warning of potential permanent damage.
The EU crypto regulation, Markets in Crypto Assets (MiCA), heralds a new era for an industry that will provide access to about 18% of global crypto transaction volumes. In an effort to create a framework across all European Union (EU) member states, MiCA mandated that from June 30 onwards, all stablecoin issuers hold an Electronic Money Institution (EMI) license.
The original blockchain trilemma said builders had to choose between decentralization, scalability and security. The new one is a choice between products, customers and regulatory approval, says EY's Paul Brody.
Argentina's National Securities Commission (CNV) has proposed a new regulatory framework for Virtual Asset Service Providers (PSAVs), opening a 30-day public consultation period. This initiative aims to establish clear guidelines for the operation of PSAVs in the country, inviting stakeholders to contribute their thoughts and recommendations through a “Participative Elaboration of Standards” approach.
Russian President Vladimir Putin has announced that BRICS is officially adopting cryptocurrencies for investments. This announcement came out at the Business Forum, in Moscow.
The Oct. 17 debate was likely the final time the two Senate candidates faced off before the November election.
The Oct. 17 debate was likely the final time the two Senate candidates faced off before the November election.
As the crypto market teeters back into euphoric territory following a rally to three-month highs, several investors are focusing on the release of Scroll, a hyped layer-2 network that will release its native governance token next week.
Payments giant Stripe is in advanced discussions to acquire the San Antonio-based stablecoin platform Bridge for $1 billion, according to reports by Bloomberg and Forbes.
Putin confirms BRICS will discuss using digital currencies to foster investment and reduce US dollar reliance. The post Putin confirms BRICS will explore digital currencies for investment development appeared first on Crypto Briefing.
BitMEX founder Arthur Hayes thinks he's figured out how to play the 2024 crypto market as the world stares at the Middle East like a bomb ready to blow. After skiing in New Zealand's backcountry and getting a deep dive into avalanche science, Hayes saw parallels between the snowpack and the world's financial markets.