A US federal court has unsealed a criminal indictment involving a massive cryptocurrency fraud scheme that could result in the government increasing its national Bitcoin reserves by $14 billion. In a Tuesday notice from the US Justice Department, authorities said they had filed a forfeiture complaint against 127,271 Bitcoin (BTC), worth about $14.4 billion at…
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A California federal court is closer to dismissing the criminal indictment against Bitcoin advocate Roger Ver, known to many as “Bitcoin Jesus.” In a Tuesday filing in the US District Court for the Central District of California, the US government filed a proposed order for Judge Michael Fitzgerald to dismiss Ver’s indictment without prejudice. The…
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Garrett Jin, the former CEO of now-defunct cryptocurrency exchange BitForex, has denied many of the claims levied against him by a pseudonymous online sleuth that involved shorting the market. In a Monday X post, Jin said he had “no connection with the Trump family,” denying allegations of insider trading after crypto researcher Eye claimed he…
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California Governor Gavin Newsom announced that the US state would establish regulatory safeguards for social media platforms and AI companion chatbots in an effort to protect children. In a Monday notice, the governor’s office said Newsom had signed several bills into law that will require platforms to add age verification features, protocols to address suicide…
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Norwegian officials have reportedly launched an investigation into prediction platforms’ bets on 2025 Nobel Peace Prize winner María Corina Machado as potential espionage. According to a Bloomberg report on Monday, the Norwegian Nobel Institute, the entity that assists the Nobel Committee in selecting the peace prize recipient, began investigating reports that bets on the prediction…
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Paul Atkins wants to cement his vision for the crypto markets before political tides shift again in Washington. As the new chair of the US Securities and Exchange Commission, he’s moving quickly to “future-proof” SEC policies, a push that could define how much freedom the crypto industry enjoys after President Donald Trump leaves office. In…
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This year, Texas’ legislature passed a law to establish a strategic Bitcoin reserve in the state, opening the door for other cryptocurrencies in the future. According to the original sponsor of the bill, Ether could be the next reserve asset. Speaking to Cointelegraph on Thursday, Texas state Senator Charles Schwertner discussed the implementation of the…
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Bitcoin advocate Roger Ver, known to many in the crypto industry as “Bitcoin Jesus,” has reportedly reached a deal with the US Department of Justice that could allow him to avoid prison time. According to a Thursday New York Times report, Ver’s lawyers reached a tentative agreement with US authorities that would require the Bitcoin…
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Cryptocurrency exchange Bybit has secured a Virtual Asset Platform Operator License from the Securities and Commodities Authority of the United Arab Emirates (UAE), eight months after the regulator granted the company in-principle approval. In a Thursday notice, Bybit said approval from the UAE financial regulator would allow the exchange to offer its global products and…
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A bill intended to establish a Bitcoin strategic reserve for the US state of Massachusetts received a tepid response after its first legislative action in eight months. In a Tuesday hearing of the Massachusetts legislature’s Joint Committee on Revenue, state Senator Peter Durant testified regarding the bill he sponsored, “an Act relative to a Bitcoin…
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