Tech

12 April

Crypto Scam Exposed: Nigerian Behind $2.5M Scheme Arrested in US

A major cryptocurrency fraud scheme, totaling $2.5 million, has been dismantled after U.S. authorities tracked down and arrested a Nigerian suspect allegedly behind the operation. The scam, which spanned several countries, involved a series of fraudulent cryptocurrency investments, misleading investors into believing they were participating in legitimate trading opportunities. The suspect, identified as 32-year-old Chike Uche, was apprehended in the …

11 April

Crypto and Corruption? Senator Murphy Slams Trump with Bribery Allegations

In a bombshell accusation that’s sending shockwaves through Washington, Senator Chris Murphy (D-CT) accused former President Donald Trump of using cryptocurrency as a covert channel for political bribery and influence-peddling. Speaking at a Senate subcommittee hearing on digital finance oversight Thursday morning, Murphy warned of what he called a “shadow economy of influence,” alleging that Trump and his allies have …

11 April

Crypto Rallies on US Tariff Pause, But Underlying Metrics Stay Weak: CryptoQuant

Cryptocurrency markets saw a short-term boost following news that the Biden administration would temporarily pause additional tariffs on select imports, sparking optimism across risk-on assets. However, analysts at CryptoQuant warn that on-chain metrics and market fundamentals remain weak, signaling that a sustained rally may not be imminent. Market Reaction to Tariff News Major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), …

11 April

Logistics Firm Pushes Russia to Embrace Crypto for Cross-Border Payments

A leading Russian logistics company has formally requested that the government legalize the use of cryptocurrency for international transactions, citing the need for more efficient and sanction-resistant payment alternatives in the face of ongoing financial restrictions. The appeal was made to Russia’s Ministry of Finance and Central Bank, urging policymakers to consider integrating blockchain-based payment options into the legal trade …

11 April

Japan Moves to Redefine Crypto: FSA Suggests Two New Asset Categories

Japan’s Financial Services Agency (FSA) has announced a major step toward reshaping the regulatory framework for digital assets in the country. In a proposal released this week, the agency suggested splitting crypto assets into two distinct categories, aiming to provide clearer regulatory guidance and improve investor protection. The FSA is currently seeking public feedback on the proposal, signaling a potentially …

11 April

Block Inc. Pays $40M to Settle Cash App Compliance Case with NY Regulators

Block Inc., the parent company of Cash App, has agreed to pay $40 million to settle allegations by New York regulators over significant compliance failures related to anti-money laundering (AML) and consumer protection practices. The settlement, announced Thursday by the New York Department of Financial Services (NYDFS), follows a multi-year investigation into Block’s handling of compliance protocols on its flagship …

11 April

Solana After Tariffs: Time to Buy the Dip or Wait It Out?

As global markets breathe a sigh of relief following former President Donald Trump’s announcement to pause proposed tariffs on key imports, the crypto world is showing mixed reactions — and Solana (SOL) is at the center of the buzz. After briefly dipping earlier this week, Solana’s price has shown signs of stabilizing near $132, leading many investors to ask: Is …

11 April

IRS DeFi Broker Rule Nixed as Trump Reverses Controversial Policy

In a significant shift for cryptocurrency regulation, President Donald Trump has signed into law a bill that repeals the IRS’s DeFi broker reporting rule, effectively reversing a key provision of the Biden administration’s crypto policy framework. The rule, originally part of the 2021 Infrastructure Investment and Jobs Act, required certain participants in decentralized finance (DeFi) protocols and digital asset services …

11 April

NY Attorney General Urges Federal Crypto Regulations to Curb Fraud

New York Attorney General Letitia James is urging Congress to implement a comprehensive federal regulatory framework for cryptocurrencies, citing a surge in fraud and consumer abuse tied to the largely unregulated digital asset sector. In a formal letter submitted to the heads of several congressional committees, James outlined a series of recommendations aimed at establishing stronger oversight, transparency standards, and …

11 April

Helium Developer Off the Hook as SEC Withdraws Securities Lawsuit

The U.S. Securities and Exchange Commission (SEC) has officially dropped its lawsuit against a core developer of the Helium Network, ending a months-long legal battle that had raised broader questions about the classification of crypto assets as securities. The case, originally filed in mid-2024, alleged that the developer had participated in the unregistered offering and sale of securities through the …