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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,

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

Consensys Outlines Four Key Reasons Why Ethereum is Not Considered a Security

Consensys Outlines Four Key Reasons Why Ethereum is Not Considered a Security

In an industry where the classification of cryptocurrencies can greatly affect their regulation and usage, Ethereum's status remains a hot topic. A representative from Consensys, the company behind the widely-used MetaMask wallet, recently highlighted four pivotal reasons supporting the argument that Ethereum should not be classified as a security. This

SEC Demands $5.2 Billion in Damages and Fines from Terraform Labs and Do Kwon Following Fraud Conviction

SEC Demands $5.2 Billion in Damages and Fines from Terraform Labs and Do Kwon Following Fraud Conviction

The Securities and Exchange Commission (SEC) has formally requested that Terraform Labs and its co-founder, Do Kwon, pay a staggering $5.2 billion. This demand follows a legal finding of fraud against them, as the fallout from the collapse of the Terra ecosystem continues to unravel. On April 5, 2024,

"March Madness: Bitcoin ETFs Triple in Trading Volume Amidst Market Shifts"

"March Madness: Bitcoin ETFs Triple in Trading Volume Amidst Market Shifts"

In March, the trading volume for spot Bitcoin ETFs soared to an impressive $111 billion, marking a near threefold increase from February's figures. This unprecedented surge highlights the dynamic shifts within the cryptocurrency market, notably the redistribution of market share from Grayscale Bitcoin Trust (GBTC) to iShares Bitcoin Trust (IBIT)

$24 Million in SOL Tokens Frozen in Lido Finance Due to Smart Contract Bug: Stakeholders Left in Limbo

$24 Million in SOL Tokens Frozen in Lido Finance Due to Smart Contract Bug: Stakeholders Left in Limbo

In a startling revelation for the cryptocurrency community, a significant glitch within the smart contract of Lido Finance has resulted in the freezing of approximately $24 million worth of Solana (SOL) tokens. This incident has sparked widespread concern among users, who find themselves unable to withdraw their staked assets due

"Coinbase Wallet Recognized as Securities Dealer: A Deep Dive into the Legal Battle"

"Coinbase Wallet Recognized as Securities Dealer: A Deep Dive into the Legal Battle"

The New York District Court recently handed down a nuanced verdict that has stirred the cryptocurrency community and legal observers alike. In a landmark decision, the court refused to classify the American cryptocurrency exchange, Coinbase, as a broker. However, it did find that the platform was involved in the offering

Celebrating Four Years of Innovation: Solana's Journey from Genesis Block to Blockchain Powerhouse

Celebrating Four Years of Innovation: Solana's Journey from Genesis Block to Blockchain Powerhouse

Four years ago, on March 16, 2020, the Solana network mined its genesis block, marking the inception of a blockchain that was set to revolutionize the way we think about digital asset speed and security. Since that pivotal moment, Solana has not only generated over 254 million blocks but has

eBay Dismisses 30% of Its Web3 Division Staff and Halts NFT Initiatives Amidst Digital Art Projects Wind Down

eBay Dismisses 30% of Its Web3 Division Staff and Halts NFT Initiatives Amidst Digital Art Projects Wind Down

In a significant move signaling a potential shift in strategy, eBay has reportedly downsized its workforce dedicated to Web3 initiatives, including the cessation of its efforts in the NFT (Non-Fungible Token) domain. According to NFTgators, citing anonymous sources, the e-commerce giant has laid off 30% of its Web3 division's staff.

Ripple Labs Acquires Standard Custody: A Move Towards Strengthening Regulatory Compliance and Institutional Solutions

Ripple Labs Acquires Standard Custody: A Move Towards Strengthening Regulatory Compliance and Institutional Solutions

In a strategic move, Ripple Labs has announced its acquisition of Standard Custody & Trust Company, underscoring its commitment to regulatory compliance and enhancing its product offerings. This acquisition is poised to enable Ripple to offer a wider array of internal services, particularly those related to asset tokenization. The deal