US Court Imposes $209 Million Penalty in Crypto Ponzi Scheme
The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes restitution, disgorgement of illegal profits, and a civil penalty. The Commodity Futures Trading Commission (CFTC) has recovered […]
Crypto-native travel platform Travala integrates with Skyscanner for 2.2M hotels
Travala is the first crypto-native travel platform to receive a Skyscanner integration, which allows it to access the platform’s 110 million monthly users.
Over 600 Bitcoin ATMs went offline globally in 2 months
Law enforcement authorities are proactively seeking out and closing Bitcoin ATMs that are frequently involved in extortion and scams.
US, EU and UK sign world's first international AI treaty
The US, EU, and UK sign the world’s first legally binding international AI treaty, prioritizing human rights and accountability in AI regulation.
ASI Alliance calls for decentralized cloud infrastructure in AI development
The ASI Alliance urges decentralization in cloud services to mitigate vulnerabilities in AI development, ensuring both security and innovation.
Robinhood Fined $3.9 Million Over Crypto Withdrawal Restrictions in California
California Attorney General Rob Bonta has announced a $3.9 million settlement with Robinhood Crypto for restricting cryptocurrency withdrawals and not fully disclosing trading practices. The settlement marks the first public action by California’s Department of Justice against a cryptocurrency firm. As part of the settlement, Robinhood must allow customers to withdraw cryptocurrencies to their own […]
Mastercard enables non-custodial crypto spending in new partnership
Mastercard partners with Mercuryo to launch a euro-denominated crypto debit card, enabling users to spend crypto from self-custodial wallets at over 100 million merchants.
ZachXBT criticizes block explorers on L1 chains, calls for overhaul
ZachXBT identifies gaps in block explorer quality across several layer-1 blockchains, urging significant improvements.
Blockstream Opens New Funding Round For Its Second Bitcoin Mining Security Token
Today, Blockstream opens the series 3 round for its second Mining Note — the BMN2. The note will be available to eligible non-US investors and has been repriced from the series 1 and 2 rounds, which occurred on July 18. This round of the BMN2 is priced at $31,000 petahash per second (PH/s), or a […]
Polygon Completes MATIC to POL Upgrade
Polygon has officially upgraded from MATIC to POL as its network token, marking a significant milestone in its evolution. This community-driven upgrade, effective from September 4, 2024, transitions POL to be the native gas and staking token for the Polygon proof-of-stake network. Users holding MATIC on Ethereum can seamlessly migrate to POL through the Polygon […]