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GeneralBeginnerThe U.S. Securities and Exchange Commission (SEC) has accused crypto platform Unicoin and three of its top executives of misleading investors and raising $100 million through false claims. In a statement released on May 20, the SEC announced charges against Unicoin CEO Alex Konanykhin, board…
#law#sec#united-states
BitcoinBeginnerGenesis, the bankrupt crypto lender, has filed two lawsuits against its parent company, Digital Currency Group (DCG), and DCG CEO Barry Silbert. The allegations? Fraud, reckless mismanagement, and siphoning off more than $1 billion in value, much of it, according to the lawsuits, at the expense of…
#crypto#united-states
SolanaBeginnerAnza, a blockchain infrastructure startup spun out of Solana Labs, announced Alpenglow, a breakthrough consensus protocol that aims to greatly improve the Solana network’s speed. Alpenglow introduces two core components: Votor, a new voting and block finalization mechanism, and Rotor, a data…
#pos
BitcoinBeginnerIndonesia’s DigiAsia Corp has announced plans to raise $100 million to initiate its Bitcoin investment strategy. The Jakarta-based fintech firm, listed on Nasdaq, said on May 19 that its board has approved the creation of a Bitcoin treasury reserve, committing up to 50% of its net profits to…
#crypto#indonesian
GeneralBeginnerBinance is once again at the center of a legal storm, seeking to steer a class-action lawsuit into arbitration. The cryptocurrency exchange has petitioned a U.S. federal court to compel all members of a securities class-action suit to resolve their claims through arbitration, citing its updated…
#binance#court#crypto
EthereumBeginnerVitalik Buterin, the co-founder of Ethereum, recently proposed a new idea to make the Ethereum network more scalable and decentralized. His concept, called “partially stateless nodes,” aims to tackle a growing problem: most users rely heavily on just a few big Remote Procedure Call (RPC) providers…
#crypto
BitcoinBeginnerMetaplanet, a Japanese investment business, has once again made news for its aggressive Bitcoin purchase strategy. On May 19, the business announced the purchase of 1,004 BTC for approximately $104.6 million, making it the second-largest single Bitcoin purchase to date. With this purchase,…
#crypto
BitcoinBeginnerAn Australian man from Queensland has had to give up nearly 25 Bitcoin, a luxury waterfront mansion, and a Mercedes-Benz after authorities linked the assets to suspected criminal activity. According to a statement released on May 18, the Australian Federal Police (AFP) — through its Criminal…
#australia#crime#crypto
GeneralBeginnerIn the Tornado Cash case, attorneys for developer Roman Storm accused US prosecutors of withholding critical exculpatory evidence. According to a letter dated May 16 to Judge Katherine Polk Failla, the defense contends that contacts between the Department of Justice and FinCEN from 2023 indicate…
#tornado-cash#united-states#us-government
EthereumBeginnerNasdaq-listed BTCS Inc. has announced a $57.8 million financing agreement aimed at expanding its Ethereum staking and validator operations. The financing, led by investment firm ATW Partners, includes an initial $7.8 million in convertible notes, with the potential for an additional $50 million…
#crypto
BitcoinBeginnerJonathan Mills, the founder and CEO of the NFT project Hashling NFT and the Bitcoin mining venture Satoshi Labs (formerly Proof of Work Labs), is facing serious allegations from former business partners who claim he misappropriated millions of dollars in project funds. A lawsuit filed in Illinois…
#crypto#fraud#law
SonicBeginnerSonic Labs, formerly known as the Fantom Foundation, has secured a legal victory in Singapore’s High Court. The court has approved Sonic Labs’ petition to wind up the Multichain Foundation, appointing KPMG as liquidators to oversee the process. In a May 9 ruling in Singapore’s Supreme Court,…
#court#law#singapore
