Time and money are largely interchangeable terms. - Winston S. Churchill

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Wisconsin Invests $163 Million in Spot Bitcoin ETFs from BlackRock and Grayscale

Wisconsin Invests $163 Million in Spot Bitcoin ETFs from BlackRock and Grayscale

The State of Wisconsin has made a significant move into cryptocurrency investments by purchasing shares in the iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC), with a total investment amounting to $163 million. This decision marks a progressive step for the state's investment strategies, reflecting a growing institutional interest

Dutch Court Sentences Tornado Cash Developer Alexey Pertsev to 64 Months in Prison for Assisting in $2 Billion Money Laundering Scheme

Dutch Court Sentences Tornado Cash Developer Alexey Pertsev to 64 Months in Prison for Assisting in $2 Billion Money Laundering Scheme

A Dutch court has found Alexey Pertsev, the developer behind the cryptocurrency mixer Tornado Cash, guilty of aiding in the laundering of over $2 billion. Pertsev has been sentenced to 64 months of imprisonment. The court's decision was delivered amidst broader scrutiny over the role of cryptocurrency in financial crimes,

"FTX Extends Claims Deadline for Creditors to Late July, Aligns with Chapter 11 Voting Schedule"

"FTX Extends Claims Deadline for Creditors to Late July, Aligns with Chapter 11 Voting Schedule"

FTX, the cryptocurrency exchange currently undergoing Chapter 11 reorganization, has announced an extension of the deadline for its creditors to file claims. The new deadline is set for the end of July 2024, pushed back from the original date of May 15, 2024. This extension provides creditors with an additional

U.S. Department of Justice Appoints Forensic Risk Alliance as External Monitor for Cryptocurrency Exchange Binance

U.S. Department of Justice Appoints Forensic Risk Alliance as External Monitor for Cryptocurrency Exchange Binance

The U.S. Department of Justice has designated the law firm Forensic Risk Alliance (FRA) as the external monitor for the cryptocurrency exchange Binance, according to Bloomberg reports. This decision concludes a competitive process in which FRA emerged victorious over the well-established firm Sullivan & Cromwell, previously considered the favorite

Ethereum Loses Its Deflationary Nature Following the Dencun Upgrade, Experts at CryptoQuant Report a Decline in Burnt Ethereum Fees

Ethereum Loses Its Deflationary Nature Following the Dencun Upgrade, Experts at CryptoQuant Report a Decline in Burnt Ethereum Fees

In the rapidly evolving world of cryptocurrency, Ethereum has long stood as a cornerstone. However, recent developments have sparked a significant shift in its economic characteristics. Following the deployment of the Dencun upgrade in mid-March 2024, Ethereum has reportedly lost its deflationary nature, according to a recent analysis by experts

Wintermute Steps in as Liquidity Provider for Hong Kong’s Cryptocurrency ETFs in Partnership with OSL Digital Securities and Haskey HK Exchange

Wintermute Steps in as Liquidity Provider for Hong Kong’s Cryptocurrency ETFs in Partnership with OSL Digital Securities and Haskey HK Exchange

In a strategic move to fortify its presence in the Asian market, Wintermute has announced a partnership with OSL Digital Securities and Haskey HK Exchange, becoming the primary liquidity provider for cryptocurrency ETFs based in Hong Kong. This collaboration marks a significant step for Wintermute as it aims to expand

SEC Postpones Decision on Invesco and Galaxy Digital's Spot Ethereum ETF

SEC Postpones Decision on Invesco and Galaxy Digital's Spot Ethereum ETF

The U.S. Securities and Exchange Commission (SEC) has deferred its decision on a joint application by Invesco and Galaxy Digital for a spot Ethereum exchange-traded fund (ETF). The final deadline for this case has been scheduled for July 2024. This postponement aligns with the SEC's previous delays in reviewing

Coinbase Accused of Selling Unregistered Securities: Lawsuit Filed by Customers Alleges Platform Operates as Unregistered Broker/Dealer

Coinbase Accused of Selling Unregistered Securities: Lawsuit Filed by Customers Alleges Platform Operates as Unregistered Broker/Dealer

In a significant development for the cryptocurrency industry, customers have filed a lawsuit against Coinbase, one of the largest cryptocurrency exchanges globally. The legal action accuses the platform of selling unregistered securities and operating as an unregistered broker/dealer, raising serious regulatory and legal questions about its practices. The lawsuit,

Elliptic Employs AI to Detect Money Laundering Through Bitcoin, Enhances Identification Tools

Elliptic Employs AI to Detect Money Laundering Through Bitcoin, Enhances Identification Tools

In an effort to combat money laundering through cryptocurrencies, Elliptic, an analytical firm, has successfully deployed artificial intelligence (AI) technologies to enhance its transaction monitoring tools. The company announced significant progress in utilizing AI to detect illicit financial activities specifically related to Bitcoin. The newly released report, co-authored by specialists

Whistleblower Joshua Dean, Former Boeing Supplier Employee at Spirit AeroSystems, Passes Away After Sudden Illness Amid Allegations of Ignoring Production Defects in the 737 MAX

Whistleblower Joshua Dean, Former Boeing Supplier Employee at Spirit AeroSystems, Passes Away After Sudden Illness Amid Allegations of Ignoring Production Defects in the 737 MAX

Joshua Dean, a former employee of Spirit AeroSystems and a whistleblower who accused the company of ignoring serious defects in the production of the Boeing 737 MAX, has died following a sudden illness, according to his family and lawyer. Dean's accusations against the company, where he had worked at its