Federal prosecutors have unveiled charges against Iurii Gugnin, the founder of a U.S.-based cryptocurrency payments company, accusing him of running an elaborate international money laundering network that funneled over $530 million to and from Russian financial institutions under U.S. sanctions. According to court filings unsealed this week, Gugnin—along with unnamed co-conspirators—allegedly operated a shadow financial… Continue reading Brooklyn Prosecutors Charge Crypto Firm Founder in $530M Russian Money Laundering Scheme

In a significant development within the cryptocurrency sector, Chinese authorities are reported to have sold approximately 194,000 Bitcoin (BTC) confiscated from the notorious PlusToken Ponzi scheme. This sale, estimated at nearly $20 billion, has raised questions about China’s transparency regarding digital asset management and its potential impact on the crypto market. Launched in April 2018,… Continue reading China Allegedly Liquidates 194,000 Bitcoin Seized from PlusToken Scam

In a harrowing case that underscores the perils faced by cryptocurrency holders, two prominent crypto investors have been arrested in New York City for the alleged kidnapping and torture of an Italian Bitcoin trader. The suspects, John Woeltz, 37, known as the “crypto king of Kentucky,” and William Duplessie, 32, co-founder of the Swiss-based Pangea… Continue reading Arrests made in Crypto Kidnapping and Torture Case

The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act of 2025 is a bipartisan Senate proposal to create the first federal framework for “payment stablecoins.” Introduced Feb. 4, 2025 by Sen. Bill Hagerty (R TN) with Cosponsors Tim Scott (R SC), Kirsten Gillibrand (D NY) and Cynthia Lummis (R WY), the GENIUS Act defines a payment stablecoin… Continue reading Overview of the GENIUS Act

Coinbase, the largest U.S.-based cryptocurrency exchange, disclosed a significant cybersecurity breach that compromised sensitive customer data and led to an attempted $20 million extortion. The breach was orchestrated through a social engineering campaign targeting Coinbase’s overseas customer support contractors, primarily based in India. Hackers bribed these contractors to access internal systems and extract customer data.… Continue reading Coinbase Faces Major Cybersecurity Breach: What Customers Need to Know

Coinbase, one of the most prominent names in the cryptocurrency exchange world, has announced it will no longer support 49 digital assets on its platform—a move that has stirred conversation across the crypto community. The announcement comes at a time when the industry is already buzzing with speculation, particularly following the mysterious transfer of over… Continue reading Coinbase to End Support for 49 Assets: What It Means for Users and the Future of the Platform

In a sweeping change to its approach toward the regulation of digital assets, the U.S. Department of Justice has disbanded its National Cryptocurrency Enforcement Team (NCET). The decision—announced in a memo by Deputy Attorney General Todd Blanche—signals a significant departure from the enforcement strategies pursued during the previous administration and aligns with President Donald Trump’s… Continue reading DOJ Dismantles Crypto Enforcement Unit in a Major Policy Shift Under Trump

Cryptocurrency markets have staged a notable bounce in recent days, with renewed investor confidence driven by a mix of positive regulatory hints, favorable macroeconomic news, and renewed institutional interest. Analysts point to a combination of easing tariff fears, potential ETF inflows, and pro–crypto policy signals as key drivers behind the rally. Bitcoin Leads the Recovery… Continue reading Crypto Bounce: Experts Weigh In on the Recent Price Rally and What It Means for Major Coins

In a major development for the cryptocurrency and decentralized finance (DeFi) space, World Liberty Financial (WLFI)—a project backed by former President Donald Trump and his family—has completed its token sale, raising approximately $590 million from accredited investors. The milestone places WLFI among the top-10 token raises in recent memory and marks a significant step in… Continue reading Trump-Backed WLFI Token Sale Completes $590M Raise, Signaling a New Era in DeFi

In a bold policy reversal that has sent ripples through the digital asset community, former President Donald Trump’s administration has officially set up a U.S. crypto stockpile. The move—encompassing a Strategic Bitcoin Reserve backed solely by cryptocurrencies already seized in criminal or civil proceedings, along with a separate digital asset stockpile for select altcoins—signals a… Continue reading Trump Establishes U.S. Crypto Stockpile Amid Debate Over Government Control