Key Takeaways The Arbitrum DAO has recently retracted a proposal that aimed to allocate funds for the legal defense of Tornado Cash’s developers. The proposal put forth by Arbitrum contributor Joseph Axisa sought to allocate nearly $1.3 million worth of…
Key Takeaways Cryptocurrency-related investment fraud has emerged as a significant concern within the United States, according to a report by the Federal Bureau of Investigation (FBI). In 2023, losses from crypto investment scams surged to $3.94 billion, marking a notable…
Key Takeaways Wyoming Governor Mark Gordon has signed a groundbreaking bill into law, laying the groundwork for the establishment and management of decentralized autonomous organizations (DAOs). This move marks a significant step forward in the state’s embrace of blockchain technology.…
Key Takeaways The US Securities and Exchange Commission (SEC) has extended the timeline for its decision on approving the trading of options on exchange-traded funds (ETFs) directly investing in Bitcoin. This extension comes as the regulatory body deferred a filing…
Key Takeaways The Arizona State Senate is currently mulling over a proposal that could potentially shake up the investment landscape for the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS). This proposal suggests delving into…
Key Takeaways In a notable development BlockFi, a company previously entangled in financial distress following the collapse of Terra’s stablecoin in mid-2022, has reached a substantial in-principle settlement totaling $874.5 million with FTX and Alameda Research estates. This agreement, revealed…
Key Takeaways Coinbase’s legal battle with the U.S. Securities and Exchange Commission (SEC) has taken another turn as the cryptocurrency exchange challenges a previous judgment that classified secondary sales of crypto assets as “securities transactions.” Lawyers representing Coinbase have urged…
Key Takeaways Konstantin Ignatov, brother of the infamous “Cryptoqueen” Ruja Ignatova, will not serve any additional time in prison after admitting to his involvement in the OneCoin cryptocurrency fraud following his sister’s disappearance in 2017. On Tuesday, US District Judge…
Key Takeaways The Virginia Senate passed a significant bill aimed at advancing the understanding and utilization of blockchain technology and cryptocurrencies within the state. Senate Bill No. 339, introduced on Feb. 5, proposed the creation of a dedicated workgroup tasked…
Key Takeaways The Fantom Foundation is making headlines as it takes decisive legal action against the Multichain Foundation, aiming to recoup a staggering $122 million lost in an exploit that shook the cryptocurrency world in July 2023. This exploit, which…
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