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‘Bitcoin Jesus’ Arrested in Spain for Evading $48 Million in US Taxes
Roger Ver, an early investor in Bitcoin and now an advocate of Bitcoin Cash, was arrested last weekend in Spain on US-brought criminal charges of mail fraud, tax evasion, and filing false tax returns. The authorities in the United States will now seek his extradition.
According to an announcement by the Justice Department yesterday (Monday), Ver evaded at least $48 million in taxes in
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Strike's Expansion into Europe Accelerates Bitcoin Adoption
Strike, a payments application utilizing the Bitcoin blockchain, has launched its services in Europe, enabling customers in the region to engage in buying, selling, and withdrawing bitcoin (BTC). The announcement was made today (Wednesday).
Expanding Operations across Continents
Having recently expanded its operations to Africa, Strike has already established its presence in Asia,
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US Prosecutors Recommend 3-Year Prison Sentence for Binance's Changpeng Zhao: Report
US prosecutors have proposed a 36-month prison sentence for Binance's former CEO, Changpeng Zhao. According to a report by CNBC, the prosecutors argued that such a sentence, which is double the advisory guidelines, reflects the seriousness of the charges against Zhao.
The recommendation, outlined in a sentencing memorandum filed with the Western District Court of Washington, highlights
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PayPal Partners with MoonPay to Expand Crypto Adoption in the US
MoonPay has partnered with PayPal to introduce a crypto purchasing option for cryptocurrency app users in the US. This service enables users to use PayPal for transactions via wallet transfers, bank transfers, and debit cards. The integration promises to enhance the accessibility and convenience of buying and trading cryptocurrencies by bridging the gap between traditional financial services
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Worldcoin Defies Regulatory Challenges: Seeks Partnership with OpenAI
Worldcoin is eying a potential partnership with artificial intelligence research firm OpenAI, according to a report by Bloomberg. This latest development arrives despite the regulatory challenges facing the digital identity platform over privacy concerns. Through its parent company, Tools for Humanity, the cryptocurrency project plans to expand its services.
Navigating Regulatory
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Binance Trial on Ice in Nigerian Court as Lawyers Demand Missing Documents
In a legal saga that has captured international attention, a Nigerian court has adjourned the money laundering trial against cryptocurrency exchange Binance and two of its executives until May 17. The decision came after a lawyer representing the exchange informed the court that he had not been served with the essential documents necessary to prepare for the case.
Legal Proceedings
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Consensys Sues the SEC: Calls Its Authority over Ethereum “Unlawful”
Consensys, a United States-based blockchain firm, has initiated legal action against the Securities and Exchange Commission (SEC) in a bid to deter the regulator from overseeing the Ethereum blockchain. Filed yesterday (Thursday), the lawsuit termed the efforts of the regulator a “campaign to seize control over the future of cryptocurrency.”
A Strategic Lawsuit
The lawsuit argued
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Detained Binance Executives’ Bail Hearing in Nigeria Pushed to May 17
Tigran Gambaryan, the detained Binance executive in Nigeria, will remain in custody until a bail hearing on May 17. Meanwhile, his trial is scheduled for May 2.
More Jail Time in Nigeria
The extension of Gambaryan’s remand was granted by the Nigerian court yesterday (Tuesday) amid opposition from federal prosecutors to the appeal for bail. The crypto exchange’s executive has
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Revolut's Former Exec Launches $6.5M Crypto Exchange
The former Head of Crypto Operations at Revolut, Ruslan Fakhrutdinov, has launched a cryptocurrency exchange with an investment of $6.5 million. Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware, and Cyber Fund are some of the investors in the new exchange dubbed X10.
Self-Custody and On-Chain Settlement
According to the press release, executives from Revolut and the
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Federal Prosecutors Charge Samurai Wallet Founders with Money Laundering
Federal prosecutors charged Samurai Wallet founders, Keonne Rodriguez and William Lonergan Hill, with conspiracy to commit money laundering yesterday (Wednesday), marking another development in the US government's ongoing efforts to address the use of crypto mixing tools potentially exploited by illicit actors and foreign entities to conceal financial transactions.
Facing Legal Action
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zondacrypto Pedals into Partnership: Official Crypto Sponsor of Giro d'Italia
zondacrypto, a cryptocurrency exchange in the Central and Eastern European region, has announced its partnership with the Giro d'Italia cycling race. This collaboration designates zondacrypto as the Official Cryptocurrency Exchange of the 107th edition of the Giro d'Italia, set to commence on May 4th in Turin and culminate on May 26th in Rome.
Multi-Faceted Role: Includes Fantasy League
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Breaking: Binance's Changpeng Zhao Handed Four Months in Prison
Binance's Founder, Changpeng Zhao, has been sentenced to four months in prison after pleading guilty to charges related to allowing money laundering on the cryptocurrency exchange, the Financial Times reported. The sentence, handed down in a Seattle federal court, marked a significant development in the ongoing legal battles involving Binance and Zhao.
Plea Deal and
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Broadridge to Bolster Prometheum's Digital Asset Securities Infrastructure
Prometheum Capital has announced a strategic partnership with Broadridge Financial Solutions (NYSE: BR) to bolster its post-trade lifecycle and back-office operations. The firm gears up to introduce a custody, clearing, and settlement services suite for digital asset securities.
Prometheum Partners
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Dubai-Based CoinW Unveils Rebranding and Prop Trading Product
CoinW Exchange, a notable presence within the digital asset trading domain, is undergoing changes as it observes its sixth-year anniversary. Situated in Dubai, the exchange has revealed an exhaustive rebranding effort alongside the debut of its Proprietary Trading (Prop Trading) product.
Introducing Prop Trading for Profit Opportunities
Having cemented its position within the
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Bitget's Bitcoin Reserve Ratio Soars Over 300% Following Halving
Bitget has released its latest Proof of Reserves (PoR) report for April 2024, highlighting a Bitcoin reserve ratio of more than 335%. The cryptocurrency exchange also indicated significant growth in USDT and ETH user assets since January 2024. The latest report arrived more than a week after the Bitcoin halving event.
Exceeding $2.7B in Reserves
Bitget's PoR report disclosed a
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