In a significant development for the long-standing Mt. Gox saga, the Rehabilitation Trustee, Nobuaki Kobayashi, has officially extended the deadline for repaying creditors to October 2024. This delay marks another twist in the turbulent history of the defunct Bitcoin exchange,
Former Deutsche Bank investment banker Rashawn Russell, 27, has pleaded guilty to investment fraud. The ex-banker admitted to running a scam cryptocurrency trading operation that plundered $1.5 million from investors. As a result, he faces up to 30 years in
Under Chairman Patrick McHenry’s leadership, the United States House Financial Services Committee has been making deliberate moves that seem poised to hinder the development of a digital dollar, or Central Bank Digital Currency (CBDC). This body of lawmakers is set
According to a recent report, school teachers in the United States use generative AI more than students. The trend-setter ChatGPT of OpenAI was adopted in the education sector immediately after its release in November 2022. While many people were stunned
Ryan Salame, the former co-CEO of FTX Digital Markets, recently entered a guilty plea in a U.S. District Court for defrauding the United States Federal Election Commission (FEC) and conspiring to operate an unlicensed money-transmitting business. His plea follows a
Harvard legal scholar Christine Kim called on governments to immediately tax all income and wealth made in the metaverse, even unrealized gains. In a new research paper, Kim argues that failure to do so would turn the metaverse into a
The U.S. Securities and Exchange Commission (SEC) on Monday charged Los Angeles-based entertainment company Impact Theory with conducting an “unregistered offering of crypto asset securities” through non-fungible tokens, or NFTs. The enforcement action, considered the first by the capital markets
Tornado Cash cofounder Roman Storm was released on bail on Thursday, Aug. 24, a day after the software developer was charged with money laundering and sanctions violations in the United States, according to his lawyer Brian Klein. Storm was arrested
The U.S. Department of Justice (DOJ) charged Tornado Cash developers Roman Storm and Roman Semenov with laundering over $1 billion in criminal proceeds, including hundreds of millions of dollars for stated-backed North Korean hacking group Lazarus. Tornado Cash is an
In a case highlighting the pitfalls of the booming Non-Fungible Token (NFT) market, Nathaniel Chastain, the former Head of Product for leading NFT platform OpenSea, faced stern repercussions for leveraging insider information to his advantage. According to a report from
In a resounding move against deceptive practices in the financial industry, the U.S. Securities and Exchange Commission (SEC) has announced a substantial settlement with Titan Global Capital Management USA LLC. The New York-based FinTech investment adviser has been scrutinized for
Cryptocurrencies and blockchain technology are transforming as Coinbase, a cryptocurrency exchange in the United States, takes a strategic step forward. The company has secured an equity stake in Circle Internet Financial, a player in stablecoin issuance. Today Coinbase and @circle
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