A joint investigation by the FBI’s Money Laundering Squad and Internal Revenue Service-Criminal Investigations led to a 75-month prison sentence for 64-year-old Arizona entrepreneur Reginald Fowler. A former co-owner of the professional American football team Minnesota Vikings, Fowler has also been asked by the court to pay a forfeiture of $74.02 million and restitution of...Read More
The market took a beating over the past 24 hours, and certain altcoins performed a lot worse than others. A lot of the worst-performing cryptocurrencies were also named in the lawsuit that the US Securities and Exchange Commission filed against Coinbase. The agency alleges that they are securities. These include Cardano’s ADA, Solana’s SOL, NEAR,...Read More
The SEC’s impact appears to have just begun as the tokens faced their first-ever “delisting” from a crypto exchange. The impact was extremely high as the prices of Cardano, Polygon, and Solana plunged heavily, dragging the entire crypto space down. Moreover, the altcoins may continue to be slaughtered and maintain a bearish trend ahead. Besides,...Read More
In a rare good news story this week, Ethereum co-founder Vitalik Buterin revealed that, along with Polygon’s Sandeep Nailwal, he has pledged another $100 million for Covid relief. On June 9, Buterin said he and Sandeep “discussed and jointly concluded these and other projects are high-impact and need follow-through grants.” “Hence we decided to put...Read More
The U.S. Department of Justice (DOJ) has brought charges against Russian nationals Alexey Bilyuchenko and Aleksandr Verner for their alleged roles in the notorious Mt. Gox hack of 2014, an incident that sent shockwaves through the cryptocurrency world. This high-profile case stands as one of the largest thefts in the history of digital currencies. According...Read More
