US Treasury Seeks to Outlaw Crypto Mixing Services, Citing Money Laundering Concerns

The U.S. Department of the Treasury is cracking down on crypto mixing services, which are used to obscure the source of funds in cryptocurrency transactions. While these services can have legitimate uses for privacy-conscious individuals, they are also frequently exploited by cybercriminals. The Treasury’s Financial Crimes Enforcement Network (FinCEN) has proposed a rule to designate […]

Cryptocurrency Advocacy Group DEF Urges US Court to Consider Blockchain Technology in Privacy Rights Case

Cryptocurrency advocacy group DeFi Education Fund (DEF) has filed an amicus brief to the U.S. Court of Appeals, urging the court to consider the unique aspects of blockchain technology when evaluating the privacy rights of cryptocurrency users under the Fourth Amendment. DEF is supporting James Harper’s appeal against the Internal Revenue Service (IRS) in a […]

JP Morgan Chase Bank Faces Lawsuit Over Alleged Account Terminations and Missing Funds

America’s largest bank, JPMorgan Chase, is facing a lawsuit from a mother and son, Rui Wang and Hengchen Qu, who claim that the bank terminated their accounts and failed to return over $1 million to them. The lawsuit alleges unjust enrichment and breach of contract related to certificates of deposit (CDs) that the plaintiffs purchased […]

Runtime Verification Launches Universal ZK Rollup ‘PI Squared’ on MultiversX

Runtime Verification, a security audit firm based in Illinois, has introduced a new universal zero-knowledge (ZK) rollup called PI Squared. This technology, unveiled during the MultiversX xDay conference, aims to revolutionize the verification of computational claims by utilizing mathematical proofs instead of traditional methods. PI Squared will employ a universal proof checker implemented as a […]

Coins.ph Crypto Exchange Allegedly Hacked, Loses $6 Million in XRP

Philippines-based crypto exchange Coins.ph is rumored to have suffered a hack that resulted in the potential loss of 12.2 million XRP, equivalent to $6 million. However, some of the funds have already been recovered. The hack reportedly took place on October 17, although Coins.ph has not yet confirmed the incident. On-chain data suggests that the […]

Coinbase’s Chief Legal Officer Optimistic About Approval of Spot Bitcoin ETF by SEC

Coinbase’s Chief Legal Officer, Paul Grewal, is optimistic about the approval of a Spot Bitcoin Exchange Traded Fund (ETF) by the United States Securities and Exchange Commission (SEC). In an interview with CNBC, Grewal expressed confidence that the SEC will approve Bitcoin ETF applications because they should be granted under the law. He believes that […]

SEC Drops Aiding and Abetting Charges Against Ripple Executives in Landmark Decision

The U.S. Securities and Exchange Commission (SEC) has dropped its aiding and abetting charges against Ripple’s top executives, CEO Brad Garlinghouse and co-founder Chris Larsen. The charges were related to the SEC’s lawsuit from 2020, which alleged that Ripple issued XRP as an unregistered security. However, the courts recently ruled that the firm’s sales of […]

LBRY Inc. Shuts Down Amid SEC Legal Battle, Raising Concerns Over Crypto Regulation

LBRY Inc., a cryptocurrency platform, has announced its closure following a legal battle with the Securities and Exchange Commission (SEC). The SEC charged LBRY with conducting an unregistered securities offering by selling its native LBC tokens. This case has raised concerns about unequal access to justice and regulatory overreach in the crypto industry, particularly for […]

Security Researcher Steps Down from Lightning Network Development Citing Security Issues and Challenges to Bitcoin Ecosystem

Security researcher and developer Antoine Riard has announced his departure from the Lightning Network’s development due to security concerns and fundamental challenges to the Bitcoin ecosystem. Riard believes that the Bitcoin community is facing a difficult situation as a new type of attack, known as a replacement cycling attack, poses a significant threat to the […]

Coinbase Establishes EU MiCA Hub in Ireland to Drive Growth Across Europe

Coinbase, a leading cryptocurrency exchange, has chosen Ireland as its hub for the European Union’s Markets in Crypto-Assets (MiCA) regulation. This decision will allow Coinbase to utilize its existing infrastructure and drive growth across all 27 member countries of the EU. By establishing a presence in Ireland, Coinbase aims to take advantage of the country’s […]