Security News

Roman Sterlingov, the founder of the darknet’s oldest cryptocurrency mixer “Bitcoin Fog” has been sentenced to 12.5 years in prison as part of the United States government’s broader crackdown on crypto mixers. It falls short of prosecutors’ earlier petitions for a 20- to 30-year sentence for Sterlingov following his March conviction by a jury on charges of money […]

Reports of a Wall Street lawyer as a potential SEC chair candidate in Trump’s administration have divided the crypto community, with some raising concerns that his traditional finance background may lead to an anti-crypto stance. However, others are more optimistic, speculating that his experience may lead to “thoughtful frameworks” for crypto regulation. Levin Naftalis and […]

Reports of a Wall Street lawyer as a potential SEC chair candidate in Trump’s administration have divided the crypto community, with some raising concerns that his traditional finance background may lead to an anti-crypto stance. However, others are more optimistic, speculating that his experience may lead to “thoughtful frameworks” for crypto regulation. Levin Naftalis and […]

Alameda Research, one of the sister firms connected to defunct crypto exchange FTX and a party to its bankruptcy case, is seeking to recover more than $11 million in a Crypto.com account held since 2022. In a Nov. 7 filing in the United States Bankruptcy Court for the District of Delaware, Alameda filed a complaint to “recover […]

United States regulators are reviewing a request to list the first options tied to spot Ether ETH$3,038.97 exchange-traded funds (ETFs) on NYSE American’s securities exchange, according to a Nov. 8 filing. If approved, NYSE would be authorized to list options on Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE), Grayscale Ethereum Mini Trust (ETH), and “any trust […]

The California Department of Financial Protection and Innovation (DFPI) permanently revoked the license of collapsed cryptocurrency lender BlockFi two years after its bankruptcy. Announcing the news on Nov. 7, California’s DFPI said the license revocation came after an examination by the regulator following a suspension of BlockFi’s license in November 2022. BlockFi entered into a settlement agreeing to the license […]

United States President-elect Donald Trump’s transition team is reportedly considering Robinhood Markets’ legal boss for a shortlist of candidates to take charge of the Securities and Exchange Commission. Dan Gallagher, Robinhood’s chief legal, compliance, and corporate affairs officer, who was a Republican SEC commissioner from 2011 to 2015 under the Obama administration, is currently the […]

Detroit will soon allow its residents to pay their taxes and other city fees with cryptocurrency as the city looks to “modernize” and attract blockchain companies to the city, according to an announcement from Detroit’s Office of Treasury. In a Nov. 7 statement, the Detroit Treasury said the new crypto payment options would be offered through […]

Blockchain analytics firm Arkham Intelligence has launched a cryptocurrency derivatives exchange, according to a Nov. 6 announcement. The exchange will reportedly target retail traders and compete with existing platforms such as Binance. It will integrate Arkham’s research and feature live on-chain audits and proof-of-reserve (PoR), Arkham said in a post on the X platform. Trading will commence next week […]

In one of her first post-election messages, Wyoming Senator Cynthia Lummis reiterated plans for United States lawmakers to “build a strategic Bitcoin reserve,” presumably when Republicans take a majority control of the Senate in 2025. In a Nov. 6 X post, Senator Lummis said she intended to move forward with her plans to establish a Bitcoin BTC$74,794 reserve. The […]