Yagyesh Jaiswal

Roger Ver Detained in Spain for US Tax Fraud

Cryptocurrency figure Roger Ver was arrested in Spain due to charges of mail fraud, tax evasion, and filing false tax returns by the US DOJ, related to unreported Bitcoin sales.

Yagyesh Jaiswal

Roger Ver, a notable figure in the cryptocurrency industry, faces extradition to the US following his arrest in Spain for alleged tax fraud involving $240 million in unreported Bitcoin sales.

Bitcoin Plummets Below $58k Ahead of the Key FOMC Meeting

Bitcoin dropped sharply ahead of the US Federal Reserve's policy decision, falling over 9% in a day to below $58,000 and 22% from its record high in anticipation of rate hikes.

Yagyesh Jaiswal

With the looming FOMC meeting and expectations of another rate hike, Bitcoin price plunged over 9% in a single day falling below the crucial $58k level. Traders seem anxious about high rates dampening economic growth and its impact on speculative crypto assets.

Binance Founder CZ Gets 4 Months Prison for Compliance Failures

Binance CEO Changpeng Zhao has been given a 4-month prison sentence for failing to implement proper anti-money laundering controls at the crypto exchange.

Yagyesh Jaiswal

While CZ took responsibility for Binance's compliance shortcomings, the sentence was still much lighter than prosecutors sought. It demonstrates regulators' willingness to work with industry so long as efforts are made to remedy issues.

MicroStrategy Adds Over $7.8 Billion in BTC to Reserves

Software company MicroStrategy made additional Bitcoin purchases totaling $1.65 billion during the first quarter, growing its total BTC holdings to over 214,000 coins.

Yagyesh Jaiswal

Despite financial pressures, MicroStrategy remains committed to its Bitcoin strategy and sees potential increases in institutional crypto demand following ETF approvals. The company now holds over 1% of the total Bitcoin supply.

SEC vs. DeFi: Uniswap's Battle and Future Regulations

Uniswap faces SEC scrutiny over securities laws, highlighting broader regulatory challenges and security issues within the DeFi sector. Here's what lies ahead for decentralized finance amid this clash.

Yagyesh Jaiswal

Uniswap is under SEC scrutiny for potential securities law violations, spotlighting the regulatory battles DeFi faces alongside significant security concerns. This situation underscores the need for DeFi to address vulnerabilities and regulatory compliance.

Arthur Hayes Predicts Surge from Treasury Moves

Arthur Hayes discusses how the U.S. Treasury's upcoming policy decisions could significantly boost market liquidity, impacting both the cryptocurrency and stock markets.

Yagyesh Jaiswal

Arthur Hayes anticipates that the U.S. Treasury's impending policy actions could inject substantial liquidity into the markets, potentially driving significant rallies in both the cryptocurrency and stock sectors.

DeFi Network io.net Battles Spoofing Attack

The CEO of the decentralised computing platform io.net details a recent spoofing attack on the Solana-based network and the steps taken to resolve the issues and strengthen security.

Yagyesh Jaiswal

In a comprehensive post on social media, io.net CEO Ahmad Shadid gave a play-by-play of a recent spoofing attack that saw fake GPUs connect to the network. While the incident caused short-term problems, Shadid assured users that the network was operating normally again and that development plans remain on track.

Franklin Templeton Tokens $380M Gov Fund on Polygon & Stellar

Franklin Templeton launches a tokenized $380 million U.S. government money fund on Polygon and Stellar, paving the way for enhanced liquidity and peer-to-peer fund transfers.

Yagyesh Jaiswal

Franklin Templeton has tokenized its $380 million U.S. government money fund, introducing BENJI tokens on the Polygon and Stellar blockchains to facilitate direct, peer-to-peer transactions and expand investor access.

FBI Warns Against Unregistered Crypto Services

The FBI advises U.S. citizens to exercise caution when using unregistered cryptocurrency money transmitting services, citing potential financial disruptions and losses amid enforcement efforts.

Yagyesh Jaiswal

The FBI cautions U.S. residents against utilizing unregistered cryptocurrency services for asset transactions, highlighting the risk of financial losses due to enforcement actions.

Iconic 'Buy Bitcoin' Sign Sells for $1M at Landmark Auction

The sign famously held up during Janet Yellen's 2017 Congressional testimony has been sold at auction for 16 BTC, raising over $1 million for Bitcoin layer-2 startup Tirrel Corp.

Yagyesh Jaiswal

A staple of Bitcoin's early viral growth, the 'Buy Bitcoin' sign has found a new home after generating significant funds for further development of the lightning network. Its prominent placement behind a top policymaker helped shine a light on cryptocurrency in its formative years.