Yagyesh Jaiswal

Dutch Authorities Crackdown on ZKasino Scam, Seize $12.2M

Dutch police have arrested a 26-year-old man suspected of involvement in the $33 million ZKasino online gambling platform fraud and seized over $12 million in crypto assets, real estate, and luxury vehicles.

Yagyesh Jaiswal

This article details the first arrest in the ZKasino investigation and the extensive assets recovered by authorities, demonstrating their commitment to pursuing fraudsters and recovering funds for victims of digital asset scams.

Nigerian Fintechs Crack Down on Crypto Trade

Major Nigerian fintech platforms have notified customers that their accounts may be blocked if they are found engaging in cryptocurrency transactions, going against the Central Bank of Nigeria's recent move to lift the crypto ban.

Yagyesh Jaiswal

As cryptocurrency adoption grows in Nigeria despite regulatory hurdles, fintech companies are playing it safe by complying with the fluctuating directives from the central bank to avoid sanctions, leaving crypto users in a difficult position amid the ongoing lack of clarity.

CZ Reflects on Crypto’s Compliance Era Post-Sentencing

Following his recent sentencing, former Binance CEO Changpeng Zhao emphasizes the critical importance of compliance in the cryptocurrency industry's new phase.

Yagyesh Jaiswal

Changpeng Zhao, the former CEO of Binance, stresses the importance of compliance in the cryptocurrency sector following his sentencing for compliance violations in the US.

MicroStrategy's Bitcoin ID Solution Sparks Purist Debate

MicroStrategy introduces a decentralized identity solution, MicroStrategy Orange, leveraging Ordinals on the Bitcoin network, prompting debate among Bitcoin enthusiasts over network integrity.

Yagyesh Jaiswal

MicroStrategy announces a new decentralized identity solution, MicroStrategy Orange, using Bitcoin's Ordinal inscriptions, facing criticism from Bitcoin core developers for potentially harming the network's functionality.

Surging Crypto ETFs Spark Surprise Sovereign Wealth Interest

Leading sovereign wealth funds from Kuwait, Saudi Arabia, and other nations have initiated conversations with BlackRock about potentially investing in Bitcoin and crypto, reflecting growing institutional interest.

Yagyesh Jaiswal

As Bitcoin rebounds from recent volatility and Wall Street spot ETFs drive a surge in demand, some of the world's largest sovereign funds are taking a fresh look at cryptocurrencies and their potential role in diversified portfolios. BlackRock's discussions indicate big players may enter the market within months.

Shiba Inu: Layer-2 Solution Ignites Surge In Transaction Fees

Shiba Inu's layer-2 blockchain Shibarium witnessed a massive 500% spike in daily transaction fees as network usage exploded, underscoring its potential to drive the adoption of the meme coin.

Yagyesh Jaiswal

While Shibarium's ability to attract long-term developer interest will determine SHIB's future, its early transaction surge shows that community enthusiasm remains strong, providing hope that the network can evolve meaningfully from its beginnings as a lighthearted meme token.

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.