Ace Exchange founder David Pan and six other individuals were indicted by a Taiwanese court on April 8 on charges of money laundering and crypto fraud involving digital assets valued at $340 million New Taiwan dollars (USD $10.7 million). The court ruled that the defendant’s property and other owned assets worth $110K be confiscated. Ace...
Senator Tim Scott (R-SC) called cryptocurrencies a “scapegoat” for the federal government’s concerns about illicit finance, according to his testimony from a Tuesday crypto hearing held by the United States Senate Committee on Banking, Housing, and Urban Affairs. During the hearing focused on countering illicit finance, terrorism, and sanctions evasions, Deputy Secretary of the Department...
South Korean election results could hinge on the voting intentions of the country’s 6 million crypto traders, reports claimed April 9. The nation goes to the polls on April 10 to vote in legislative elections, with both major parties making crypto-related manifesto pledges. South Korean Election: Crypto a Key Battleground? Crypto policy has changed rapidly...
South Korean regulators want to block traders from dumping stolen coins on the country’s crypto exchanges. The move follows news from earlier this month, when regulators in the nation said they wanted to stop trading platforms from listing hacked tokens. Per News1, the Financial Supervisory Service (FSS) and the Financial Services Commission (FSC) want to...
Artificial intelligence firm Sapien AI has raised $5 million in a seed funding round with participation from Primitive Ventures, Animoca Ventures, and Yield Guild Games. In an announcement, the firm said the funding will be used to accelerate Sapien’s mission of providing scalable annotation services for training AI models through its gamified data labelling platform....
Web3 infrastructure provider Metaplanet (3350) has seen a surge in its Tokyo-listed stock by nearly 90% within just two days after adding $6.56 million worth of Bitcoin (BTC) to its balance sheet. According to data from Google Finance, the company’s shares are currently trading at 36 yens, up by 89% over the day. The surge is...
P2P.org has announced to launch its Staking-as-a-Business (SaaB) model as its total value locked (TVL) surpasses $7.5 billion. According to a press release shared with Cryptonews.com, P2P.org, a validator for Ethereum and 30 other blockchains, has exceeded $7.5 billion in TVL and has more than 1 million Ethereum staked, ranking it as a major institutional...
Senator Elizabeth Warren criticized the push for a stablecoin bill without anti-money laundering laws in place, citing national security concerns, a Monday letter to House Financial Service Committee Chairman Patrick McHenry (R-NC) and Ranking Member Maxine Waters (D-CA) reveale. Stablecoin Bill Could Increase Risks, Warren Warns Throughout the recently published letter, Warren argued that creating...
The cloud divisions of Coinbase and Google became node operators for EigenLayer alongside other industry players on April 9, shortly after the network’s mainnet went live. EigenLayer’s Network Expands with New Node Operators Coinbase Cloud disclosed in a short thread post on X that they are “proud to be among the protocol’s first operators,” as...
The Russian government’s crypto working group chairman believes Bitcoin (BTC) mining regulation is now a priority for Moscow. After years of infighting and neglect, Russian government bodies, ministries, and the Central Bank finally appear close to regulating the crypto sector. Per the Russian-language media outlet Happy Coin News, the working group’s chair, lawmaker Andreу Lugovoy...