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The Latest Breaking News from Crypto

Amid spike in fraud cases, police issue advisory on crypto trading

Cyberabad Police warns against rising frauds in P2P crypto trading, urging caution to prevent illicit fund handling.

The Hindu

Digital Gold Rush: Navigating the Opportunities and Risks in Cryptocurrency

Cryptocurrencies are a new phenomenon in the financial sector that seems to offer great rewards but at very high risks.

inkl

Nigeria Court Delays Binance Trial To May 17

Nigeria court adjourns Binance trial to May 17 over cryptocurrency exchange licensing allegations.

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Crypto Breakthrough: Elliptic Publishes Research On How AI Can Detect Bitcoin Laundering

Elliptic shared the progress it made in studying the use of AI in detecting illicit activities in the crypto space, and this time, its machine learning model was able to help identify money laundering movements using Bitcoin, the world's most popular digital asset.

International Business Times

Senator Blasts DOJ's Stance Over Self-Custody Crypto Wallets

Sen. Lummis, who has called for regulations that do not stunt innovations in the crypto space, on Wednesday called out the Biden administration for criminalizing the "core tenants of the Bitcoin network."

International Business Times

'Nothing Major': Michael Saylor, Other Hodlers Shrug Off Bitcoin $58K Freefall

Bitcoin dropped to $58,000 on Wednesday, and even as newbie crypto traders and BTC non-believers plant FUD in the minds of other holders, the "hodlers" are displaying a serious sense of unity.

International Business Times

Clippers Used Savage Arena Advertisement to Troll Mavericks Ahead of Game 5

Crypto.com Arena features a well-placed advertisement that's indirectly trolling the Dallas Mavericks.

Sports Illustrated

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Groundhog Day for the Crypto Wars: The DOJ on Bitcoin Prowl

The government always has seemingly good reasons to sidestep people’s rights.

Reason

Crypto Users Demand SEC, Chair Accountability Over 'Misleading' ETH Stance; Congress Sets Hearing

Under increasing pressure over the revelation that Gensler's SEC had viewed Ether as a security before it refused to answer Congress regarding the matter, the House Committee on Financial Services has scheduled a hearing on SEC enforcement next week.

International Business Times

Bitcoin Price Drops Below ,000 Amid Fed Rate Concerns

Bitcoin's price drop below ,000 due to Federal Reserve rate concerns impacts fintech and crypto markets.

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The Hindu

ED seizes crypto assets worth about ₹ 90 crore in ‘E-Nugget’ case

Enforcement Directorate seizes ₹90 crore in frozen crypto assets linked to E-Nugget money laundering case, arrests mastermind.

The Guardian - US

Binance founder sentenced to four months for money laundering

Changpeng Zhao pleaded guilty and stepped down as CEO of the crypto trading company last year

International Business Times

Stripe Snaps 6-Year Crypto Break, Announces USDC Stablecoin Support In Summer

Stripe has returned to the cryptocurrency space six years since it terminated support for Bitcoin payments, but this time, it is jumping back in through the expanding stablecoin market, starting off with the USDC.

International Business Times

Morgan Stanley Reportedly Considers Allowing Solicited Bitcoin ETF Purchases

Morgan Stanley may trigger a significant shift in the way traditional banking institutions have dabbled into cryptocurrency offerings as it is reportedly exploring the possibility of allowing its brokers to recommend spot Bitcoin ETFs to clients.

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International Business Times

An Astonishing 75% Of People In Crypto Skeptic Nigeria 'Trust' Bitcoin: Survey

In a country that has singled out crypto exchange giant Binance in its industry crackdown, more than half of the people actually trust the top digital asset Bitcoin for their financial transactions, a new survey found.

International Business Times

Rescue Pup To Meme Star: The Real-life 'Dogecoin' Dog

Her fluffy face now frail, Kabosu still flashes the enigmatic smile that made her the go-to meme dog for millennials and inspired a $23 billion cryptocurrency beloved by Elon Musk.

Latin Times

Tether to freeze accounts following reports of Venezuelan oil company using USDT to evade sanctions

Nicolás Maduro failed in his attempt to have his own cryptocurrency to "overcome the financial blockade"

International Business Times

Lawyers For Binance's CZ Decry US Prosecutors' Proposed 3-Year Sentence

Changpeng Zhao's legal team believes the proposal to hand Binance's former CEO a three-year sentence is too much, considering how he was only charged of AML compliance failure.

International Business Times

Michael Saylor Challenged To Prove Bitcoin Is 'Refreshing' By Pumping Price To $100K

Michael Saylor believes Bitcoin is refreshing, but some crypto users are increasingly becoming frustrated over the tech mogul's optimism, arguing that the digital asset's price has been down significantly from its $73,000 all-time high in March.

International Business Times

Spot BTC, ETH ETFs To Begin Trading In Hong Kong Next Week

Hong Kong's financial regulator has approved several spot Bitcoin and Ethereum ETFs, and the crypto community can't be more excited as they deem the move will only increase the adoption of digital assets around the world.

International Business Times

Tesla 'Hodls,' Retains Over $700M In Bitcoin During First Quarter

The crypto community on X was busy theorizing what Elon Musk would do with his BTC stash after it was revealed that Tesla didn't sell any of its Bitcoin during the first quarter of the year.

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