Senator Hagerty Pushes New Stablecoin Bill for Clearer US Crypto Rules Senator Bill Hagerty has recently introduced a groundbreaking bill aimed at bringing more clarity and stability to the world of cryptocurrencies, specifically focusing on stablecoins. The bill, if passed, will mandate that stablecoins must be backed by US Treasury bills, dollars, and Federal Reserve […]
Growing interest in digital assets sparks global regulatory cooperation
Growing Interest in Digital Assets Sparks Global Regulatory Cooperation The surge in popularity of digital assets, such as cryptocurrencies and non-fungible tokens (NFTs), has caught the attention of regulators worldwide. As more investors and businesses delve into the realm of digital assets, the need for comprehensive regulatory frameworks has become increasingly apparent. In response to […]
Ivanka Trump warns of fake crypto coin using her name
Beware of Fake Crypto Coin Using Ivanka Trump’s Name Renowned businesswoman and former White House advisor Ivanka Trump recently took to social media platform X to issue a grave warning to her followers and the public at large. The message she conveyed was clear and urgent: there is a fake cryptocurrency in circulation that is […]
SEC weighs approval for Bitcoin ETFs in Thailand
SEC Considers Approval for Bitcoin ETFs in Thailand: A Step Towards Mainstream Acceptance The Securities and Exchange Commission (SEC) in Thailand is currently at a pivotal point in its decision-making process regarding the approval of Bitcoin exchange-traded funds (ETFs). This potential move could mark a significant milestone in the mainstream acceptance and integration of cryptocurrencies […]
Celsius Founder Pleads Guilty to Fraud, Facing Up to 30 Years for Scheme in Cryptocurrency Crackdown
In a significant twist in the turbulent world of cryptocurrency, Alex Mashinsky, the founder of Celsius Network, has pleaded guilty to fraud charges. This development comes as part of a broader crackdown on malfeasance within the cryptocurrency industry, where regulatory bodies are increasingly scrutinizing operations that have previously thrived in a largely unregulated environment. Mashinsky, […]
The Dark Side of Crypto: Fraud and Money Laundering
Cryptocurrencies have revolutionized the way we view and conduct financial transactions. While their potential for innovation and efficiency is significant, the industry does not come without its drawbacks. The dark side of crypto, particularly regarding fraud and money laundering, poses serious challenges and risks for both users and regulatory bodies. In 2023, illicit transactions involving […]
US and Nigeria Strengthen Ties to Combat Crypto Misuse
In a move showcasing the growing recognition of the cybersecurity challenges posed by cryptocurrencies, the United States and Nigeria have established the Bilateral Liaison Group on Illicit Finance and Cryptocurrencies. This collaborative initiative aims to enhance both nations’ abilities to investigate and prosecute financial crimes related to digital finance, addressing an urgent need as the […]
Denmark Proposes Tax on Unrealised Crypto Gains: A Bold Step Towards Equitable Taxation
Denmark’s ambition to impose a tax on unrealised gains from cryptocurrencies signals a significant shift in the way governments approach digital assets. The Danish Tax Law Council has put forth a proposal that could reshape the landscape for crypto holders, aiming to introduce this tax by 2026. As global regulatory frameworks evolve to address the […]
Ex-Lawyer Admits Role in Crypto Ponzi Scheme: Lessons for Investors
David Kagel, an 86-year-old former California attorney, faces significant repercussions after admitting his involvement in a crypto Ponzi scheme that defrauded investors of approximately $14 million. The scheme operated from December 2017 to June 2022 and is a stark reminder of the risks inherent in the rapidly evolving world of cryptocurrency investments. Kagel’s role in […]