United States regulators have closed Philadelphia-based Republic First Bank, marking the nation’s first banking failure of 2024. It has sparked debate among the crypto community amid Bitcoin , Ether, and several altcoins slightly faltering following the news. “Another bank just collapsed, the Republic First Bank. Yeah… I think I’ll stick to Bitcoin,” CEO of Zesh […]
Security News
‘Lost’ Yuga Labs restructures again, with layoffs, new executive
Yuga Labs CEO Greg Solano had a “tough day,” he informed company employees in a message that he then shared with the world on X. Some of those employees had an even worse day after an all-hands meeting where layoffs were announced. Yuga lost its way, Solano explained. In his message to the staff, Solano said he […]
John Deaton files amicus brief in support of Coinbase appeal against SEC
The crypto lawyer currently running a Senate campaign to unseat Elizabeth Warren has filed a brief in support of Coinbase appealing a matter in its case against the United States Securities and Exchange Commission (SEC). In an April 26 filing in U.S. District Court for the Southern District of New York, John Deaton filed an […]
Consensys files lawsuit against SEC and commissioners over Ether regulation
Software development company Consensys filed a lawsuit against the United States Securities and Exchange Commission (SEC) and its five commissioners over claims they plan “to regulate ETH as a security.” In an April 25 filing in the U.S. District Court for the Northern District of Texas, Consensys alleged the SEC had orchestrated a campaign “to […]
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
The Federal Bureau of Investigation’s recent warning to Americans from using unregistered cryptocurrency money-transmitting services might be aimed at smart-contract-driven privacy tools, according to a crypto lawyer. In an April 25 public service announcement, the FBI urged Americans only to use registered Cryptocurrency Money Services Businesses that comply with existing Know Your Customer (KYC) and Anti-Money […]
Anti-crypto SEC commissioner’s term is up in 41 days — Will she be replaced?
Caroline Crenshaw, one of five commissioners of the United States Securities and Exchange Commission (SEC), could be leaving the financial regulator after roughly four years. As of April 25, President Joe Biden’s administration will have 41 days to decide whether to nominate someone to replace Crenshaw before her term ends on June 5. The commissioner […]
Samourai Wallet mixer co-founders arrested on AML, licensing charges
The co-founders of cryptocurrency mixer Samourai Wallet have been arrested on charges of money laundering brought by the United States Justice Department (DOJ) and other agencies. Samourai Wallet CEO Keonne Rodriguez and chief technology officer William Hill will each face one count of conspiracy to commit money laundering, with a maximum sentence of 20 years […]
Changpeng Zhao could serve time in the same facility as ‘crypto-anarchist’ Jim Bell
Former Binance CEO Changpeng “CZ” Zhao has requested that a federal judge sentence him to probation after pleading guilty to violating money laundering laws. His legal team has filed several declarations in support of his recommendation, including one suggesting he could serve time at the Federal Detention Center (FDC) SeaTac, Washington. In an April 23 filing in […]
Do Kwon appeals Montenegrin court decision, claiming ‘unfounded and illegal’ interpretation
Terraform Labs co-founder Do Kwon’s legal saga continues with reports of his lawyers filing an appeal against a high court decision that pthe question of his extradition to the United States or South Korea to Montenegro’s justice minister. According to an April 23 report from Montenegrin news outlet Vijesti, Kwon’s legal team filed an appeal against an April 8 […]
Binance exec will remain in Nigerian custody until May 17 bail hearing: Report
Tigran Gambaryan, a Binance executive detained in Nigeria since February, will reportedly remain in custody until a bail hearing on May 17. According to April 23 reports from local news outlets, Gambaryan will remain in Nigeria’s Kuje prison until at least May 17, when a judge will decide whether to grant the Binance executive bail. […]