US Senator Elizabeth Warren warns that unchecked digital asset markets could trigger economic instability and fuel government corruption. The Massachusetts Democrat has emerged as one of Congress’s most vocal critics of industry-friendly legislation. She has reiterated the need for comprehensive cryptocurrency regulations. Elizabeth Warren opposed bills such as the GENIUS Act and CLARITY Act, which she argues hand regulatory power to major crypto corporations while weakening oversight. At a recent WNBC address she called for strict bans on elected officials trading or holding significant crypto investments. She cited potential conflicts of interest tied to the president’s family businesses and their…
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The Bitcoin Coinbase Premium Gap was below the baseline yesterday. The indicator essentially compares the price of Bitcoin on Coinbase and on Binance. When the numbers are in green, it means that the asset is being traded at a higher price on Coinbase. Another key observation from Coinbase Premium Gap is that when the value is down then it means American investors are selling. While Binance attracts global investors, indicating people around the world are buying. Luna Founder Expected To Enter In a Guilty Plea Do Kwon, the South Korean cryptocurrency entrepreneur, is expected to plead guilty to U.S. fraud…
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On Wednesday, the US district court for the Southern District of New York (SDNY) was found guilty of one felony charge in conjunction with his role at Tornado Cash. The jury found Roman Storm guilty of conspiracy to operate an unlicensed money-transmitting business, which could carry a sentence of up to five years. They could not reach a unanimous verdict on the charges of conspiracy to commit money laundering or conspiracy to violate North Korea sanctions. After four days, jurors reported a deadlock on some charges. Consequently, the judge issued a special instruction. Therefore, jurors were urged to reach a…
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Scammers have really gotten their creative juices flowing as many have now taken legacy old YouTube crypto channels to promote the use of a scammy bot. As sketchy as this sounds, they are using channels that were once legit. They are posting videos of these bots that use MEV to help users get paid in ETH gas fees. What On Earth Is An MEV? Lets understand MEV with a simple example. Let’s say you are at a barista and there are multiple people behind you who want to order a coffee. Some may want to wait but lets say you…
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Sergei Potapenko and Ivan Turõgin, known as the HashFlare founders, are set to serve up to a decade in prison after confessing to wire fraud. The duo of the collapsed crypto mining platform, are pleading for leniency after the 10-year prison sentence has been announced. They insist they have already served enough prison time and should walk free. However, the case has ignited fierce debate over justice, victim losses, and the murky world of crypto scams. It is currently being held in Seattle’s Federal Court under Judge Robert Lasnik, Prosecutors during the sentencing branded HashFlare a “classic Ponzi scheme” that…