Conspiracy
Cryptocurrency entrepreneur Do Kwon, who designed the failed Luna and TerraUSD cryptocurrencies, has pleaded guilty to two counts of fraud, marking a dramatic downfall from his previous success. Kwon created the digital currencies that triggered a market meltdown in 2022, leading to a loss of $300 billion in value across
Cryptocurrencies
South Korean cryptocurrency mogul Do Kwon pleaded guilty on Tuesday to two fraud charges arising from the $40 billion collapse of a cryptocurrency ecosystem. Kwon, 33, co-founded Terraform Labs in 2018 and was extradited to the United States on December 31 from Montenegro after his arrest in Europe. As part
Fraud
Two Estonian nationals, Sergei Potapenko and Ivan Turõgin, have been sentenced to 16 months in prison for orchestrating a massive cryptocurrency Ponzi scheme that defrauded hundreds of thousands of victims worldwide, including in the United States. The men have already served 16 months in custody and were ordered to pay
Cryptocurrencies
South Korean cryptocurrency mogul Do Kwon, 33, also known as the "cryptocurrency king," pleaded guilty on Tuesday to two fraud charges stemming from the $40 billion collapse of Terraform Labs' cryptocurrency ecosystem. Kwon entered the plea in Manhattan federal court, where he is set to be sentenced
Financial services
The Federal Ministry of Finance has recently revised its circular addressing cryptocurrencies and tax, introducing changes in terminology and technical explanatory notes. The revised circular builds on the existing understanding of crypto assets under tax law, clarifying specifics on price determination and claiming. Although the circular does not address non-fungible
Financial services
The European Securities and Markets Authority (ESMA) has cautioned Crypto-Asset Service Providers (CASPs) against creating confusion between regulated and unregulated services. ESMA emphasizes the importance of acting professionally, fairly, and in the best interests of clients when offering both regulated and unregulated services under the Markets in Crypto-Assets Act (MiCA)
Financial services
Canada is at a crossroads in its pursuit of sovereignty, and the proposed acquisition of WonderFi Technologies Inc. by Robinhood Markets Inc. is a prime example of the challenges we face. The deal, which would give Robinhood control of two of Canada's largest regulated crypto exchanges and over
Financial services
US banks are slowly embracing cryptocurrencies, after years of caution, thanks in part to President Donald Trump's support for digital assets and recent regulatory changes in Washington. The move is a significant shift, with some banks now opting to provide banking services to cryptocurrency exchanges and even lending
Financial services
The Joint Guidelines published by the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA have introduced a new level of regulatory scrutiny for crypto-asset service providers (CASPs) and issuers of asset-referenced tokens (ARTs). These guidelines elevate personal and collective competence, impeccable reputation, and demonstrable time-commitment from
Cryptocurrencies
The global shift toward mobile-first technology is having a significant impact on the cryptocurrency mining industry, with mining platforms evolving to meet users where they are - on their phones. As more investors seek passive income opportunities through smart contract-based earnings, the demand for flexible, on-the-go financial tools is rising.
Cryptocurrencies
As the global cryptocurrency infrastructure matures, a growing divide has emerged between large-scale institutional blockchain adoption and the accessibility of underlying mining technologies. Leading players, including AIXA Miner, are rethinking how to scale operations while maintaining inclusivity for a broader range of users. In response to this industry-wide challenge, AIXA
Cryptocurrencies
As Labour's autumn Budget approaches, Treasury officials are reportedly exploring the sale of seized cryptocurrency to raise up to £20bn for the public finances. The Home Office is working with police forces to dispose of at least £5bn worth of Bitcoin and other digital currencies, valued at over
