DOJ has filed additional charges against 12 individuals involved in a wide-ranging crypto crime operation. The group is accused of stealing $263 million, including 4,100 Bitcoin, from a Genesis creditor in August 2024. These charges, announced on May 15, extend the original indictment filed against Malone Lam in September 2024.
Semler Scientific filed a statement with the SEC to offer $500 million for its business ventures. The firm is planning to purchase Bitcoins with a portion of this offering, along with other business expenditures. Semler announced its plans regarding BTC purchase following its $30 million settlement with the US DOJ.
In the last 24 hours, the overall crypto market has shown modest price dips, causing investors to let out sighs of frustration. Bitcoin has reversed its position to the $83K level yet again. This has also affected the altcoin market, as prices showed modest drops. However, particular altcoins continued to
The U.S. Department of Justice (DOJ) has officially disbanded the National Cryptocurrency Enforcement Team (NCET), marking a major policy shift under President Donald Trump. The move aligns with the administration’s push to ease crypto regulations and promote innovation in the sector. NCET was launched in 2021 under the Biden administration.
The crypto market has revisited the bearish lane in the last few hours, as Bitcoin recedes to the $86,000 level. This has caused other altcoins to witness modest dips in the past day. Meanwhile, the DeFi sector has seen improvements over the last 24 hours, with projects shifting from L1
U.S. authorities have dismissed charges against Nader Al-Naji, the founder of the decentralized social network BitClout. Court documents show that the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) withdrew their fraud complaints against him in late February. Last year, federal prosecutors accused Al-Naji of wire fraud,
One of the top crypto exchanges, OKX made it to the headlines today for operating an unlicensed business. It agreed to pay around $505 million worth of fines for violating US anti-money laundering rules. Most of these violations occurred from 2018 to 2024. As per the recent report published by
Cryptocurrency exchange KuCoin has confirmed its settlement with the US Department of Justice. Meanwhile, the overall cryptocurrency community is currently combating the aftermath of the recent market dip. The Ethereum Foundation took to today’s spotlight, by selling huge numbers of ETH tokens during its dip. Notably, KuCoin’s settlement, confirmed a
The community has been contending with the recent price dip after holding out hopes for the 2025 bull run, just the previous day. However, as we exercise our usual optimism the altcoin sector is struggling to prevent price plummets. Meanwhile, the industry has remained quite active, with Ripple leaders meeting
BIT Mining Ltd., formerly known as 500.com, has agreed to pay a $10 million penalty to resolve allegations of violating the Foreign Corrupt Practices Act (FCPA). The charges stem from a bribery scheme aimed at influencing Japanese government officials to secure a casino license between 2017 and 2019. Former CEO
