Amir Bruno Elmaani, the founder of Oyster Protocol, has been sentenced to four years in prison for tax evasion. Elmaani, also known as Bruno Block, pleaded guilty to the charges in April. He was accused of offering unregistered initial coin offerings (ICOs), self-minting tokens, and engaging in a pump-and-dump scheme. The US Securities and Exchange […]
The US Securities and Exchange Commission (SEC) is facing criticism and allegations of corruption in its battle against the US crypto industry. The US Government Accountability Office (US GAO) conducted an assessment of Staff Accounting Bulletin No. 121 (SAB 121), an anti-crypto accounting bulletin issued by the SEC, and found that the SEC did not […]
The United States Commodity Futures Trading Commission (CFTC) has reported that the majority of whistleblower tips it received this year were related to the cryptocurrency industry. CFTC Commissioner Christy Goldsmith Romero described the crypto industry as being plagued by “pervasive fraud and other illegality.” The agency received a total of 1,530 tips and paid out […]
The Commodity Futures Trading Commission (CFTC) has revealed that it has paid out $16 million to whistleblowers this year. According to Commissioner Christy Goldsmith Romero, the majority of the 1,530 tips received by the CFTC were related to cryptocurrency. Romero stated that the crypto industry continues to be plagued by fraud and other illegal activities. […]
Bittrex, a prominent cryptocurrency exchange in the United States, is facing closure after receiving court approval. This development has sent shockwaves through the industry, as traders and investors grapple with the impending void left by the platform’s shutdown. The court’s decision marks a significant turning point, signaling a major shift in the landscape of digital […]
Turkey is taking steps to regulate crypto-assets in order to be removed from the Financial Action Task Force’s (FATF) “gray list” of countries that have not done enough to combat money laundering and terrorist financing. The FATF placed Turkey on this list in 2021, citing deficiencies in their procedures for freezing assets associated with terrorism […]
Bitcoin, the pioneering cryptocurrency, is celebrating its 15th anniversary. Since its inception, Bitcoin has experienced an astonishing growth of 3.4 billion percent, becoming a linchpin of the trillion-dollar cryptocurrency industry. Its rise reflects the unpredictable nature of the financial landscape and the increasing influence of digital assets. The creation of Bitcoin, outlined in Satoshi Nakamoto’s […]
Amir Bruno Elmaani, the founder of the now-defunct cryptocurrency scheme Oyster Protocol, has been sentenced to four years in prison for tax evasion. Elmaani, also known as “Bruno Block,” admitted to secretly minting and selling Pearl tokens without paying income tax on the profits. This resulted in tax losses of over $5.5 million. Elmaani promoted […]
October 31, 2023, marked the 15th anniversary of the release of the Bitcoin whitepaper, a document that laid the foundation for the development of the Bitcoin network. Authored by Satoshi Nakamoto, the whitepaper introduced the key concepts and principles of a decentralized digital currency, sparking a revolution in finance and technology.As the cryptocurrency community celebrated […]
Day 15 of the trial of Sam Bankman-Fried (SBF) continued with the prosecution’s cross-examination, focusing on SBF’s relationship with the Bahamian government, handling of customer funds, and transparency issues. The defense conducted a re-direct examination to provide context and nuance to SBF’s responses. The prosecution presented evidence, including messages and videos, to support their claims. […]
