Crime
US seizes $54M worth of Ethereum linked to illegal narcotics business
The 30,000 ETH were acquired from Ethereum's Initial Coin Offering (ICO) in 2014.
Oluwapelumi Adejumo 2 min read
North America Crypto News
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Legal
Federal Reserve issues cease and desist letter to Bitcoin Magazine alleging IP infringement
The Federal Reserve Bank of Chicago requested the magazine stop using the standalone term "FEDNOW" on its merchandise, alleging trademark infringment.
AI
Elon Musk’s xAI set to launch to select group tomorrow
The tech billionaire is also integrating AI-powered features into his social media platform X.
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US SEC moves for summary judgment in case against Terraform Labs and Do Kwon
The regulator alleges that Terraform and Kwon orchestrated a fraudulent scheme that led to the loss of $45 billion.
Crypto
‘Billions in user funds were lost’ – crypto community reacts to SBF guilty verdict
Several members of the community agreed that the guilty verdict was the right outcome for the case.
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Sam Bankman-Fried found guilty on all 7 charges, faces up to 110 years in prison
The jury reached a guilty verdict on all charges against the former billionaire after a little over four hours of deliberating.
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SBF Trial – Jury begins deliberations as closing arguments conclude
A New York jury has begun deliberations on whether Sam Bankman-Fried committed mass fraud or simply made grave mistakes as a novice CEO.
Staking
Coinbase suspends staking services in Maryland
The company previously imposed restrictions on users in four other U.S. states.
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Earnings
Coinbase Q3 revenue falls 5% to $674 million, but still beats expectations
Mining
Marathon Digital to power Bitcoin mining operations with methane gas from landfills
Legal
Court dismisses Coin Center’s Tornado Cash lawsuit against US Treasury
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