The creators of Samourai Wallet, identified as Keonne Rodriguez and William Lonergan Hill, have been charged by federal authorities with conspiring to launder money and running an unregistered money transfer service. The Department of Justice reported that approximately $2 billion worth of illicit transactions passed through their cryptocurrency tumbler, leading to multiple money laundering schemes. … Read more
In a letter to US Judge Richard A. Jones of the Western District of Washington, Changpeng Zhao, also known as “CZ,” who previously led Binance, the cryptocurrency exchange, expressed regret and apologized for mistakes made during his time in charge. On Tuesday, before being sentenced for allegations involving money laundering and violation of sanctions, a … Read more
Vitalik Buterin, one of Ethereum‘s co-founders, has tackled important concerns regarding the ZKasino fraud incident. He also clarified the misuse of the term “Zero-knowledge” (ZK) in relation to this major scam. The fraud resulted in approximately $33 million in Ethereum (ETH) being stolen from the platform’s deceitful activities. ZKasino Accused of Misusing Ethereum in Lido … Read more
Joe Biden, the President of the United States, has put forward a plan to increase the capital gains tax rate to approximately 44.6%. This would set a new record as the highest federal tax on capital gains ever enacted. Capital Gains Tax To Create Income Balance According to Forbes, this suggestion is included in Biden’s … Read more
William Morro was taken into custody and indicted by the American Justice Department for his involvement in the OneCoin cryptocurrency scam. According to court documents filed on April 23 in New York’s Southern District Court, Morro allegedly facilitated the transfer of $35 million from Chinese bank accounts to Hong Kong accounts under the umbrella of … Read more
In simpler terms, the value of memcoins related to dogs has decreased slightly, while those connected to cats and Solana have increased. The total value of memecoins remains relatively stable following Bitcoin‘s halving. Some memecoins experienced losses, while others saw impressive growth. Investors withdraw their funds from meme tokens, resulting in losses being inscribed. This … Read more
A cryptocurrency insider has shocked the crypto world by revealing that Market Makers (MMs) may be artificially influencing cryptocurrency prices. This knowledgeable analyst has provided a set of strategies for investors to exploit this suspected price manipulation. They’ve outlined methods for identifying tokens connected to market makers and explained how to capitalize on the situation. … Read more
Two key figures behind Samourai Wallet, its co-founders Keonne Rodriguez and William Lonergan Hill, have been taken into custody by the US law enforcement on allegations of running an unregistered money transfer service and conspiring to launder funds. The pair is reportedly involved in cleaning up more than $100 million in ill-gotten gains, some of … Read more
According to a report by Kaiko, Binance, a major player in the cryptocurrency world, has experienced a significant decrease in market share. Binance’s share of global trading volume currently stands at 55%, down from 81% just a year ago. At the same time, lesser-known exchanges are experiencing growth. For instance, OKX’s competitors have successfully expanded … Read more
Six-month-old Cognition Labs, which had been striving for a $2 billion valuation for several months, has finally achieved this mark. This significant achievement underscores the increasing enthusiasm and belief among investors in the promising future of this AI startup. From a $350M Valuation to $2B In a recent fundraising event, Cognition Labs received $175 million … Read more