Crypto
Crypto
Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in prison
Prosecutors were seeking a three-year sentence.
Earnings
MicroStrategy continues stacking Bitcoin with $1.65 billion purchase during Q1
With its latest purchases, MicroStrategy now holds 214,400 BTC in total — equating to roughly 1% of the total Bitcoin supply.
Legal
Samourai Wallet developer Keonne Rodriguez under home incarceration after securing $1 million bail
Rodriguez pleaded not guilty at a pre-trial bond hearing.
Regulation
Lawmakers urge Biden administration to address ‘rogue nations’ evading sanctions via crypto
The urgency conveyed in the letter reflects a growing consensus among U.S. leaders that the regulatory framework surrounding cryptocurrencies needs strengthening to address the sophisticated methods rogue nations employ to evade sanctions.
Legal
Binance’s defense against SEC could be aided by Mango Markets case
Government arguments that helped convict Avraham Eisenberg could benefit Binance in an unrelated securities case.
Legal
Custodia Bank files notice of appeal in Federal Reserve case
A recent court decision denied Custodia's right to a master account.
AI
US government appoints Sam Altman, other tech execs to newly established AI safety board
The board includes the CEOs of most major tech companies, including the Magnificent Seven.
Regulation
FBI warns US citizens against using ‘unregistered crypto money transmitting services’
According to the notice, users could see financial disruptions and losses amid enforcement efforts.
Legal
Terraform Labs to restrict US access, withdraw $23 million of liquidity following SEC ruling
TFL called the development "frustrating" and said it is "against geoblocking as a matter of principle" but has no choice but to adapt.
Crypto
Consensys sues SEC, seeks court declaration that Ethereum is not a security
The lawsuit alleges that the SEC aims to unlawfully regulate Ethereum through enforcement actions against various companies, including Consensys, constituting "aggressive and unlawful" overreach.
Legal
Ex-Binance CEO CZ seeks forgiveness and a fresh start in pre-sentencing apology letter
Dozens of other individuals also wrote letters of support, including family, friends, Binance employees, volunteers, users — as well as industry and government officials.
Legal
Authorities shut down Samourai Wallet, arrest founders over money laundering charges in $2 billion DOJ case
Two project leads allegedly brought in millions of dollars in fees.