Crypto Fraudster Gets Slammed: Ex-Banker Gets 41 Years In Prison

In a landmark case highlighting the perils of unchecked cryptocurrency investments, Rashawn Russell, a former investment banker, has been sentenced to 41 months in federal prison. The Eastern New York District Court handed down the sentence after Russell pleaded guilty to wire fraud and identity theft, marking a significant crackdown on digital asset fraud. Related […] дальше »

66 +

Binance founder Changpeng Zhao begins his prison sentence in California

Crypto influencer and investor EljaBoom poses with 'friend' CZ, the former Binance chief. Zhao started his prison sentence in a low-security federal prison in California. дальше »

82 +

Rising M2 money supply signal potential tailwinds for Bitcoin

Quick Take Analyzing recent data from the Federal Reserve Economic Data (FRED), we observe significant trends in the Federal Reserve’s balance sheet and the M2 money supply. The Federal Reserve’s balance sheet has been gradually declining (quantitative tightening), now standing at $7. дальше »

62 +

Bitcoin Stuck in a Range – But Bullishness Remains

Bitcoin is still trading under $70,000 per coin, a nearly 400% increase from its late 2022 lows. The market is bracing for a volatile 2024 presidential election and a long-awaited dovish pivot from the Federal Reserve. дальше »

108 +

Ripple $25 million crypto education contribution amid rising importance in 2024 election

Ripple has highlighted the 2024 US election as a crucial juncture for the crypto industry, according to a May 29 statement. In response, the company has donated $25 million to Fairshake, a federal super PAC that backs pro-crypto and pro-innovation candidates. дальше »

86 +

Ripple Donates Another $25M to Crypto Super PAC Fairshake

Ripple has added another $25 million to the coffers of Fairshake, a federal crypto super political action committee (PAC) that’s spending big this election year to support crypto-friendly Congressional candidates. дальше »

3 +

SEC Wins Case Against Crypto Influencer Ian Balina For Securities Laws Violation

On Wednesday, a Texas federal court judge ruled in favor of the US Securities and Exchange Commission (SEC) in the case against crypto influencer Ian Balina. The case is part of the Sparkster saga that started in 2018. дальше »

6 +

House of Representatives halts Fed’s CBDC plans with new legislation

House passes bill to block Federal Reserve from issuing a CBDC, citing privacy and Fourth Amendment concerns. The post House of Representatives halts Fed’s CBDC plans with new legislation appeared first on Crypto Briefing. дальше »

4 +

Pro-XRP Lawyer Declares ‘Corruption Era’ Amid New Evidence

Pro-XRP lawyer and Republican Party candidate for the Senate Massachusetts, John E. Deaton voiced severe criticisms of what he described as pervasive corruption within federal agencies, including the Federal Reserve (Fed). дальше »

110 +

U.S. prosecutors seek five to seven year sentence for FTX’s Ryan Salame

Former FTX executive Ryan Salame faces a potential five to seven years in prison as prosecutors emphasize the gravity of his criminal activities. Federal prosecutors have recommended that former FTX executive Ryan Salame serve five to seven years in prison… дальше »

7 +

Massive XRP Rally Expected With Federal Reserve’s $6 Trillion Inflation Shift

Could the US Federal Reserve’s potential pivot on inflation be the catalyst for a multi-trillion dollar surge in the cryptocurrency market? That’s the bullish prediction from some of Wall Street’s top analysts as they eye a seismic shift in monetary policy. дальше »

108 +

Apple disputes monopoly claims, cites 'fierce competition' in court

Apple’s letter to a federal judge previewed its slated dismissal motion to a U.S. antitrust suit, with the firm claiming prosecutors didn’t define where it has a monopoly. дальше »

352 +

FBI traces crypto transfers to dismantle $100m dark web marketplace

The Federal Bureau of Investigation (FBI) has arrested a dark web narcotics marketplace owner after tracking illicit crypto transfers. Rui-Siang Lin, a 23-year-old Taiwan resident, was found guilty of operating a $100 million dark web narcotics marketplace.  Known online as… дальше »

9 +

Changpeng Zhao teases writing project ahead of reporting to prison

On April 30, a judge sentenced the former Binance CEO to four months in federal prison but did not set a reporting date at his hearing. дальше »

355 +

Crypto personality ‘T.J. Stone’ pleads guilty to wire fraud

Thomas John Sfraga, known as “TJ Stone,” entered a guilty plea to wire fraud charges in a Brooklyn federal court on Thursday. According to the U.S. Department of Justice, Sfraga was accused of deceiving investors with the promise of up… дальше »

500 +

Binance executive denied bail in Nigerian money laundering case

A Federal High Court in Abuja has denied bail to Tigran Gambaryan, a Binance executive, who faces charges of money laundering and tax violations in Nigeria. Justice Emeka Nwite ruled against granting Gambaryan bail on Friday, citing the executive’s potential… дальше »

8 +

Federal Reserve President Slams Bitcoin

Minneapolis Federal Reserve Bank President Neel Kashkari is yet to warm up to Bitcoin дальше »

109 +

Bitcoin price taps $64.7K as US CPI shows core inflation at 3-year low

Bitcoin gets a much-needed boost from increasing optimism about the Federal Reserve’s course to cutting interest rates.

134 +

Rate hikes linked to 11 out of 14 past U.S. recessions, historical analysis shows

Quick Take The Federal Reserve and other central banks worldwide are approaching the end of a rate-hiking cycle, raising concerns about a potential recession. Historical data from Rosenberg Research, shared by QE infinity, reveals a concerning trend: out of the past 14 rate-hiking cycles since 1950, the United States has experienced a recession 11 times. дальше »

116 +

Nigeria denies “phantom” Binance bribe claims

Nigeria’s federal government refuted claims from Binance CEO Richard Teng, accusing officials of demanding a “significant payment” to resolve ongoing disputes. дальше »

142 +

The Crypto Lawsuit State of Play

Last month, Ethereum incubator ConsenSys sued the U. S. Securities and Exchange Commission (SEC) for an injunction asking a federal court to block the regulator from investigating its MetaMask offering or from declaring Ether (ETH) a security. дальше »

83 +

Standard Chartered: Trump being elected could be good for Bitcoin

A Standard Chartered report warns that the growing risk of U.S. fiscal dominance due to the Federal Reserve's potential debt monetization could drive investors to cryptocurrencies. дальше »

80 +

Gary Gensler: Crypto operators not providing adequate disclosures 

Following multiple Wells notices, SEC Chair Gary Gensler shared rhetoric regarding the crypto industry and its supposed non-compliance with federal laws. дальше »

157 +

Custodia recruits distinguished solicitors in Federal Reserve case

Custodia Bank has hired two solicitors to represent it in its case against the US Federal Reserve, Politico reported on May 26. Custodia CEO Caitlin Long confirmed the news and said the two solicitors have a “deep understanding of federalism issues” and experience in federal regulation of the crypto industry. дальше »

118 +

Australian Court Hands Win to Market Regulator in Case Against Qoin Blockchain, But There is a Catch

An Australian Federal Court mostly ruled in favor of Australia's markets regulator in its case against BPS Financial Pty Ltd (BPS) over its Qoin scheme, on Friday. дальше »

80 +

Challenging the notion of ‘Stag’ or ‘Flation’

Quick Take Federal Reserve Chair Jerome Powell dismissed concerns about stagflation following the release of the latest US economic data. In his speech following the Fed’s decision to keep fed funds rates at 5. дальше »

124 +

US Fed Keeps Interest Rates Unchanged: What It Means For Cryptocurrency Markets

The recent decision by the Federal Open Market Committee (FOMC) to maintain US interest rates within the 5. 25% to 5. 50% range, a status quo held since July 2023, has elicited mixed reactions within the cryptocurrency community. дальше »

17 +

Australia court sets precedent for crypto in non-cash payments

Australia’s securities regulator has marked its first court victory, setting a precedent regarding a non-cash payment facility involving crypto. The Australian Securities & Investments Commission (ASIC) has set a legal precedent in the local crypto market after the Federal Court… дальше »

96 +

FBI Arrests Manhattan Man Accused Of Defrauding Investors $43 Million In Crypto Trading Ponzi Scheme

125 +

DOJ launches probe into Block’s compliance history following allegations of lapses

Fintech giant Block is under scrutiny by federal prosecutors from the Southern District of New York following allegations of significant compliance failures involving its main business units — Square and Cash App, NBC News reported on May 1. дальше »

139 +

Bitcoin fights to stay above $58,000 as Fed maintains unchanged rates

Quick Take The Federal Reserve has opted to maintain the fed funds rate within the range of 5. 25% to 5. 50%. Preceding this decision, Bitcoin experienced a decline from approximately $64,000 to a low of around $56,500. дальше »

109 +

Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled

Hopes for a series of interest rate cuts in 2024 have been quickly vanishing over the past few weeks as both the economy and inflation exhibit unexpected strength. дальше »

111 +

As CZ Gets His Sentence, Michael Lewis Should Rewatch 'Star Wars'

He likened FTX's Sam Bankman-Fried to Luke Skywalker and Binance's Changpeng Zhao to Darth Vader. Federal judges saw it differently. дальше »

89 +

Crypto Market Awaits FOMC Meeting: Why It’s The Most Important In Years

As the Federal Open Market Committee (FOMC) convenes for a highly anticipated meeting today (2 pm ET), the stakes are high not just for traditional finance but also for the crypto markets, which have become increasingly sensitive to macroeconomic signals. дальше »

103 +

Bitcoin Tumbles Below $60K, Risking Deeper Pullback as Crypto Markets Endure Worst Month Since FTX Crash

Recent U.S. economic data could prompt more hawkish forward guidance from the Federal Reserve. дальше »

147 +

XRP Lawsuit: SEC Counters Ripple’s Motion To Strike – A Detailed Analysis

In the XRP lawsuit, the Securities and Exchange Commission (SEC) has countered Ripple Labs’s recent motion to strike the declaration of SEC summary witness Andrea Fox. The agency’s filing asserts that the testimony is permissible as summary evidence under federal law, not requiring expert disclosure as claimed by Ripple. дальше »

111 +

Crypto fear and greed index slips as the BitBot raises $3M

A sense of fear is creeping up in the cryptocurrency market as investors focused on the upcoming Federal Reserve decision. The closely-watched crypto fear and greed index has crashed from the extreme greed zone of over 80 to the neutral phase of 58. дальше »

98 +

Stablecoin Legislation Must Respect the Dual-Banking System

The Lummis-Gillibrand stablecoin bill subordinates state regulation to federal control, giving Washington too much power as to which entities can issue these important digital assets, say Jack Solowey and Jennifer J. Schulp at the Cato Institute. дальше »

98 +

Why the DOJ May Have Recommended a Three-Year Sentence for CZ

Former Binance CEO Changpeng "CZ" Zhao now faces the genuine possibility that he'll spend three years in federal prison in the U.S. – well above the possible 18 months laid out in his plea agreement. дальше »

89 +

Custodia To File Appeal Over Denied Access To Fed Master Account

Custodia Bank has officially expressed its desire to appeal the US District Court ruling in Wyoming, which supported the decision of the Federal Reserve Bank of Kansas City (FRBKC) to deny the crypto bank a master account. дальше »

149 +

Custodia Bank files notice of appeal in Federal Reserve case

Custodia Bank filed a notice of appeal in its ongoing case against the US Federal Reserve on April 26. The bank intends to appeal an earlier judgment that denied its entitlement to a Federal Reserve master account, a service that allows access to the central bank’s system without relying on intermediary banks. дальше »

100 +

Custodia Bank takes case to higher court after March setback

Custodia Bank is challenging a lower court’s ruling in its battle for a Federal Reserve master account.

1191 +

Custodia Bank Appeals Court Loss in Fed Master Account Lawsuit

Custodia, a Wyoming-based aspiring crypto bank, filed a notice of appeal against a court ruling that affirmed the Federal Reserve's rejection of its bid for a master account and membership. дальше »

27 +

Warren Flags Crypto Ties to Child Sexual Abuse in Letter to DOJ, Homeland Security

Leading crypto critic U.S. Sen. Elizabeth Warren (D-Mass.) has asked U.S. Attorney General Merrick Garland what tools the federal government needs to crack down on the use of digital assets to perpetrate child sexual exploitation, according to a letter she sent to the top U.S. law-enforcement official. дальше »

119 +

FBI warns against unregistered crypto services amid rising legal tensions

The Federal Bureau of Investigation has issued a warning to Americans about the risks associated with using unregistered cryptocurrency money-transmitting services, indicating a potential crackdown on privacy-focused crypto tools. дальше »

234 +

US senators target cryptocurrency use in child abuse trade

Senators Elizabeth Warren and Bill Cassidy are asking federal agencies about their technical capacity to combat crypto payments in the sale of child abuse material. дальше »

42 +

FBI warns US citizens against using ‘unregistered crypto money transmitting services’

The FBI advised US citizens against using unregistered crypto services to transmit assets on April 25. The agency’s warning stated that users should avoid crypto money transmitting services that are not registered as Money Services Businesses (MSBs) under US federal law. дальше »

142 +

Consensys sues SEC over Ethereum crackdown

MetaMask developer Consensys has asked a Texas Federal Court to declare that Ethereum is not a security in a pushback against sweeping SEC enforcement action. дальше »

123 +

Consensys Sues SEC Over ‘Unlawful Seizure Of Authority’ Over Ethereum

Ethereum developer Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission, striking back against what the company calls an “unlawful seizure of authority” over Ethereum by the federal regulator. дальше »

129 +

Crypto Influencer ‘Jay Mazini’ Receives Seven-Year Jail Sentence And $10M Asset Seizure

In a Brooklyn federal court, a crypto-influencer on social media sites such as Instagram, Jebara Igbara, also known as “Jay Mazini,” was sentenced to 84 months for wire fraud, wire fraud conspiracy, and money laundering. дальше »

89 +