Roger Ver, known as “Bitcoin Jesus,” is challenging a U.S. tax evasion indictment. The U.S. Attorney for the Central District of California has accused Ver of dodging over $48 million in taxes. The charges stem from his 2017 sale of $240 million worth of Bitcoin. In response, Ver’s legal team
The U.S. Fifth Circuit Court of Appeals has ruled that the Treasury Department’s Office of Foreign Assets Control (OFAC) overstepped its authority in sanctioning immutable smart contracts of Tornado Cash. The court found these contracts, as self-executing open-source software, cannot be classified as property under the International Emergency Economic Powers
Charles Schwab Corp. is preparing to offer spot cryptocurrency trading once U.S. regulations become more favorable. In a recent interview, incoming CEO Rick Wurster shared that the financial services giant is closely watching the regulatory landscape and expects changes under the incoming administration. This shift is anticipated to make it
President-elect Donald Trump has nominated Florida Congressman Matt Gaetz as the next U.S. Attorney General. Known for his strong stance on justice reform and cryptocurrency advocacy, Gaetz has gained attention for his criticisms of the Department of Justice (DOJ) under the Biden administration. If confirmed, he is expected to focus
The U.S. Department of Justice has indicted Aleksei Andriunin, 26, the founder of cryptocurrency financial services firm Gotbit, in a large-scale market manipulation and fraud scheme. Gotbit, along with two of its directors, Fedor Kedrov and Qawi Jalili, has also been charged in connection with these activities. Andriunin, Kedrov, and
The global cryptocurrency market cap currently stands at $2.28 trillion, reflecting a 5.96% drop in the last 24 hours. This decline may be partly driven by shifts in the U.S. election predictions, as recent data shows that the odds of Trump winning have dropped to 2.8%. This adjustment in election
Bitcoin’s current price stands at $72,437.22, reflecting a 2.15% increase in the past 24 hours. Its market cap has risen to $1.43 trillion, with a daily trading volume of $53.39 billion, marking a significant 14.90% increase. The market cap-to-volume ratio is 3.77%, signaling solid interest in BTC trading. Yesterday, Bitcoin
John Deaton and Elizabeth Warren engaged in a Senate debate on cryptocurrency regulations, showing clear differences in their views. Deaton, a crypto advocate, argued for a balanced approach. He warned that over-regulation could stop innovation in the sector. He pointed to Bitcoin and XRP as examples of crypto’s ability to
The U.S. Securities and Exchange Commission (SEC), Federal Bureau of Investigation (FBI), and Department of Justice (DOJ) have filed lawsuits against Gotbit Consulting, ZM Quant Investment, CLS Global, and several individuals for market manipulation and fraud. The charges primarily involve practices like wash trading, where fake transactions were used to
David Kagel, an 86-year-old former attorney, faces significant consequences for his role in a multi-million-dollar cryptocurrency Ponzi scheme. Recently, he admitted to charges of conspiracy to commit commodity fraud. This admission highlights the ongoing issues within the cryptocurrency market, particularly regarding fraudulent activities that target unsuspecting investors. Kagel’s scheme began
