Tech founder’s $33bn fortune makes him world’s richest prisoner - The Telegraph
https://www.telegraph.co.uk/business/2024/04/30/binance-founder-becomes-worlds-richest-prisoner/
https://www.telegraph.co.uk/business/2024/04/30/binance-founder-becomes-worlds-richest-prisoner/
The Telegraph
Binance founder becomes world’s richest prisoner after receiving four-month sentence
Changpeng “CZ” Zhao was sentenced by after pleading guilty to money laundering and sanctions violations
🔵 Roger Ver arrested for tax fraud while promoting Bitcoin book - Protos
https://protos.com/roger-ver-arrested-for-tax-fraud-while-promoting-bitcoin-book/
https://protos.com/roger-ver-arrested-for-tax-fraud-while-promoting-bitcoin-book/
Protos
Roger Ver arrested for tax fraud while promoting Bitcoin book
Within four weeks of publishing his first full-length book on Bitcoin’s history, Spanish authorities arrested Roger Ver for tax fraud.
Crypto Was One of the Biggest Money Laundering Risks in 2022-2023: UK Gov Report - CoinDesk
https://www.coindesk.com/policy/2024/05/01/crypto-was-one-of-the-biggest-money-laundering-risks-in-2022-2023-uk-gov-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
https://www.coindesk.com/policy/2024/05/01/crypto-was-one-of-the-biggest-money-laundering-risks-in-2022-2023-uk-gov-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Coindesk
Crypto Was One of the Biggest Money Laundering Risks in 2022-2023: UK Govt. Report
Between 2022 and 2023, crypto alongside retail banking, wholesale banking and wealth management posed the greatest risk of being exploited for money laundering, a report by the U.K. Treasury department showed.
The Marijuana Industry Hopes for New Highs - New York Times
https://www.nytimes.com/2024/05/01/business/dealbook/cannabis-business-law.html
https://www.nytimes.com/2024/05/01/business/dealbook/cannabis-business-law.html
NY Times
The Cannabis Industry Hopes for New Highs
The Justice Department’s recommendation that restrictions on marijuana be lifted have revived expectations for a business that has waited years for such a change.
Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square - CNBC
https://www.cnbc.com/2024/05/01/federal-prosecutors-are-examining-financial-transactions-at-block-owner-of-cash-app-and-square.html
https://www.cnbc.com/2024/05/01/federal-prosecutors-are-examining-financial-transactions-at-block-owner-of-cash-app-and-square.html
CNBC
Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square
Internal documents indicate Block processed crypto transactions for terrorist groups and Square processed transactions involving nations subject to economic sanctions.
🔵 Former FTX exec pays $1.5M for watch worn by Titanic’s richest passenger - Protos
https://protos.com/former-ftx-exec-pays-1-5m-for-watch-worn-by-titanics-richest-passenger/
https://protos.com/former-ftx-exec-pays-1-5m-for-watch-worn-by-titanics-richest-passenger/
Protos
Former FTX exec pays $1.5M for watch worn by Titanic's richest passenger
Former FTX exec Patrick Gruhn paid $1.5 million for the watch worn by John Jacob Astor IV during the sinking of the RMS Titanic in April 1912.
Blockchain Sleuth Elliptic Explores AI and Anti-Money Laundering Using 200M Bitcoin Transactions - CoinDesk
https://www.coindesk.com/tech/2024/05/01/blockchain-sleuth-elliptic-explores-ai-and-anti-money-laundering-using-200m-bitcoin-transactions/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
https://www.coindesk.com/tech/2024/05/01/blockchain-sleuth-elliptic-explores-ai-and-anti-money-laundering-using-200m-bitcoin-transactions/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Coindesk
Blockchain Sleuth Elliptic Explores AI and Anti-Money Laundering Using 200M Bitcoin Transactions
Patterns of illicit activity involving groups of bitcoin nodes and chains of transactions are described in a research paper by Elliptic and MIT-IBM Watson AI Lab.
Biden Cancels $6.1 Billion in Debt for Former Art Institute Students - New York Times
https://www.nytimes.com/2024/05/01/us/politics/biden-cancels-6-1-billion-in-debt-for-former-art-institute-students.html
https://www.nytimes.com/2024/05/01/us/politics/biden-cancels-6-1-billion-in-debt-for-former-art-institute-students.html
NY Times
Biden Cancels $6.1 Billion in Debt for Former Art Institute Students
The announcement covers 317,000 former students and marks another step in the administration’s student loan relief efforts.
Hundred Finance’s $7.4 million stolen last year starts to move - DL News
https://www.dlnews.com/articles/defi/hundred-finance-hacker-moves-crypto-from-curve-finance/
https://www.dlnews.com/articles/defi/hundred-finance-hacker-moves-crypto-from-curve-finance/
DL News
Hundred Finance’s $7.4 million stolen last year starts to move
Why the hacker suddenly decided to start moving funds after all this time isn’t known.
Why hundreds of U.S. banks may be at risk of failure - CNBC
https://www.cnbc.com/2024/05/01/why-hundreds-of-us-banks-may-be-at-risk-of-failure.html
https://www.cnbc.com/2024/05/01/why-hundreds-of-us-banks-may-be-at-risk-of-failure.html
CNBC
Why hundreds of U.S. banks may be at risk of failure
Of about 4,000 banks, 282 banks face threats from commercial real estate and higher interest rates, according to a study by Klaros Group.
🔵 DeFi lender Pike Finance loses $1.9M to two hacks in less than a week - Protos
https://protos.com/defi-lender-pike-finance-loses-1-9m-to-two-hacks-in-less-than-a-week/
https://protos.com/defi-lender-pike-finance-loses-1-9m-to-two-hacks-in-less-than-a-week/
Protos
DeFi lender Pike Finance loses $1.9M to two hacks in less than a week
Pike Finance paused its protocol when it lost $300,000, however, this opened up a new vulnerability that cost it $1.6 million four days later.
US lawmakers introduce bill to clarify taxation of staking rewards - The Block
https://www.theblock.co/post/291976/us-lawmakers-introduce-bill-to-clarify-taxation-of-staking-rewards?utm_source=rss&utm_medium=rss
https://www.theblock.co/post/291976/us-lawmakers-introduce-bill-to-clarify-taxation-of-staking-rewards?utm_source=rss&utm_medium=rss
The Block
US lawmakers introduce bill to clarify taxation of staking rewards
Two lawmakers introduced a bill clarifying that staking rewards should be taxed only at the time of their sale.
🔵 Block whistleblower says firm ignored compliance, allowed terror groups - Protos
https://protos.com/block-whistleblower-says-firm-ignored-compliance-allowed-terror-groups/
https://protos.com/block-whistleblower-says-firm-ignored-compliance-allowed-terror-groups/
Protos
Block whistleblower says firm ignored compliance, allowed terror groups
Transactions from Jack Dorsey's Block, Cash App, and Square are reportedly being investigated by federal prosecutors over compliance lapses.
U.S. Imposes Sanctions on Chinese Companies for Aiding Russia’s War Effort - New York Times
https://www.nytimes.com/2024/05/01/us/politics/us-sanctions-china-russia.html
https://www.nytimes.com/2024/05/01/us/politics/us-sanctions-china-russia.html
NY Times
U.S. Imposes Sanctions on Chinese Companies for Aiding Russia’s War Effort
The penalties came after top Biden administration officials warned China not to help Moscow restock its arsenal to attack Ukraine.
Here's what changed in the new Fed statement - CNBC
https://www.cnbc.com/2024/05/01/fed-decision-heres-what-changed-in-the-new-statement.html
https://www.cnbc.com/2024/05/01/fed-decision-heres-what-changed-in-the-new-statement.html
CNBC
Here's what changed in the new Fed statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in March.
MicroStrategy plans to launch decentralized ID solution: report - The Block
https://www.theblock.co/post/292065/microstrategy-plans-to-launch-decentralized-id-solution-report?utm_source=rss&utm_medium=rss
https://www.theblock.co/post/292065/microstrategy-plans-to-launch-decentralized-id-solution-report?utm_source=rss&utm_medium=rss
The Block
MicroStrategy plans to launch decentralized ID solution: report
Microstrategy unveiled plans to launch a decentralized identity solution at a business presentation, according to an influencer on X.
CZ’s Trial Proves it Pays to Cooperate - CoinDesk
https://www.coindesk.com/consensus-magazine/2024/05/02/czs-trial-proves-it-pays-to-cooperate/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
https://www.coindesk.com/consensus-magazine/2024/05/02/czs-trial-proves-it-pays-to-cooperate/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Coindesk
CZ’s Trial Proves It Pays to Cooperate
His four-month sentence was vindication for the Binance founder’s legal strategy.
Spot bitcoin ETFs record largest daily net outflows ever - The Block
https://www.theblock.co/post/292078/spot-bitcoin-etf-record-outflow?utm_source=rss&utm_medium=rss
https://www.theblock.co/post/292078/spot-bitcoin-etf-record-outflow?utm_source=rss&utm_medium=rss
The Block
Spot bitcoin ETFs record largest daily net outflows ever
Fidelity’s FBTC saw $191 million moved out of the fund, while BlackRock’s IBIT saw its first net daily outflow.
Manhattan man charged with wire fraud in alleged crypto-related $43 million Ponzi scheme - The Block
https://www.theblock.co/post/292096/idin-dalpour-wire-fraud-crypto-ponzi?utm_source=rss&utm_medium=rss
https://www.theblock.co/post/292096/idin-dalpour-wire-fraud-crypto-ponzi?utm_source=rss&utm_medium=rss
The Block
Manhattan man charged with wire fraud in alleged crypto-related $43 million Ponzi scheme
Idin Dalpour has been charged with wire fraud in connection with a multi-year Ponzi scheme that defrauded investors of at least $43 million.
🔵 New research suggests Bitcoin mining centralized around Bitmain - Protos
https://protos.com/new-research-suggests-bitcoin-mining-centralized-around-bitmain/
https://protos.com/new-research-suggests-bitcoin-mining-centralized-around-bitmain/
Protos
New research suggests Bitcoin mining centralized around Bitmain
Antpool by Bitmain claims to generate just one-quarter of Bitcoin’s hash rate but researchers think it might secretly control a majority.
Bitcoin’s Volatility Is Falling and This Will Continue as It Matures: Fidelity - CoinDesk
https://www.coindesk.com/markets/2024/05/02/bitcoins-volatility-is-falling-and-this-will-continue-as-it-matures-fidelity/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
https://www.coindesk.com/markets/2024/05/02/bitcoins-volatility-is-falling-and-this-will-continue-as-it-matures-fidelity/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Coindesk
Bitcoin’s Volatility Is Falling and This Will Continue as It Matures: Fidelity
The cryptocurrency is already showing signs of maturity as its volatility drops to all-time lows on a yearly scale, the report said.