Payward claims $25 million crypto custody fraud in lawsuit against Etana and its CEO.
Payward, which operates the cryptocurrency exchange Kraken, has accused former custody partner Etana and its CEO, Dion Brandon Russell, of misappropriating over $25 million in customer funds. This allegation comes from a second amended complaint lodged Monday in U.S. District Court in Colorado. Kraken claims that Etana Custody, currently undergoing a court-supervised liquidation in Colorado, […]
New law allows crypto companies to provide stablecoin rewards while protecting bank interest rates
New Agreement Bans Stablecoin Yields A recent agreement has put a stop to stablecoin yields as part of an updated approach to the controversial Cryptocurrency Market Structure Bill. This mirrors discussions that have been ongoing since early this year. The proposed Digital Asset Market Transparency Act, revealed on Friday, outlines that stablecoin issuers cannot offer […]
Security Watchdog Warns About Risks Associated with Crypto
National security organizations are urging Congress to view cryptocurrencies through the lens of national security rather than simply as economic matters. The Senate is deliberating a bill designed to enhance regulations surrounding digital currencies, both in the U.S. and abroad. While these discussions progress, POLARIS National Security has released a memo, exclusively obtained by the […]
Crypto Adviser at the White House Suggests Significant Bitcoin Reserve Development
Insights on Bitcoin from the White House Patrick Witt announced that the Trump administration is looking for ways to enhance Bitcoin’s strategic readiness. Since August last year, the U.S. Treasury has not approved any new Bitcoin purchases. Sen. Cynthia Lummis is expected to revise her Bitcoin Act with a new title soon. Over a year […]
Crypto millionaire Wen Hou’s father disappears amid FBI investigation
Search for Missing Southern California Man Intensifies Federal authorities are now involved in the search for a 74-year-old man from Southern California whose case has taken a suspicious turn, especially after more than $1 million went missing from his bank account. The FBI is collaborating with the San Bernardino County Sheriff’s Department in the investigation […]
Interest rates worldwide, Robinhood, Galaxy earnings: What to expect in Crypto Week
Market Update: Noteworthy Developments in April As April wraps up, several significant macroeconomic events have taken place. This week, the four key central banks—the Bank of Japan, US Federal Reserve, European Central Bank, and Bank of England—announced their interest rate policies. Additionally, a wave of U.S. economic data has emerged, including first-quarter GDP figures and […]
SoCal crypto enthusiast finds out his fate in $263M theft case as the lavish lifestyles of the fraudsters are revealed
A young man accused of cryptocurrency fraud enjoyed an “extremely lavish” lifestyle, using stolen funds to indulge in sports cars, luxury residences, and private jets. Evan Tangeman, 22, from Newport Beach, received a 70-month prison sentence for his role in a “multi-state criminal enterprise” that laundered over $263 million in digital currency. He pled guilty […]
Mike Tyson, Tether’s CEO, and Cathie Wood are some of the speakers at Trump’s ‘most exclusive’ crypto conference.
Crypto Conference at Mar-a-Lago with Trump On Saturday, a gathering of cryptocurrency executives, investors, and celebrities is set to take place at Mar-a-Lago, hosted by former President Donald Trump in Palm Beach, Florida. This event, dubbed “The World’s Most Exclusive Conference,” was initiated by Bill Zanker, co-founder of the TRUMP meme coin, with the legendary […]
Quantum attack compromises a crypto key 512 times larger than the previous record. Is Bitcoin prepared?
Bitcoin Faces Quantum Computing Threats The timeframe for Bitcoin’s compatibility with quantum computers has been unexpectedly shortened. A researcher named Giancarlo Relli has conducted what is now the largest known quantum attack against elliptic curve cryptography, which is the standard securing Bitcoin, Ethereum, and much of the $2.6 trillion cryptocurrency market. Relli’s achievement represents a […]
Aave spearheads DeFi rescue effort after $292M crypto hack involving KelpDAO.
Aave, along with several leading cryptocurrency firms, is making efforts to stabilize the decentralized finance (DeFi) market following a $292 million exploit that severely impacted the sector’s largest lender, leaving a significant gap in collateral. This initiative, referred to as “DeFi United,” is spearheaded by Aave and aims to restore support for rsETH, the yield-bearing […]