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Bitcoin's $66.9K price holds strong, casts doubts on a 'deep correction'

Despite ongoing speculation about Bitcoin’s next potential “deep correction,” some cryptocurrency analysts disagree on its likelihood. Source link

Trader turns $3K into $46M in PEPE, Ethereum gas overhaul, Tornado dev guilty: Hodler’s Digest, May 12-18

Trader makes millions after PEPE price soars, a new gas model for Ethereum, and Tornado Cash developer convicted. Source link

Microsoft faces multi-billion dollar fine in EU over Bing AI

The Redmond company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27. Source link

Feds bust $73M crypto scam, arrest two masterminds

The scammers convinced victims to transfer millions of dollars into these U.S. bank accounts, which were then used to launder the illicit funds. Source link

Aussie admits to promoting BitConnect crypto services without a license

The Australian Securities and Exchange Commission claims that John Louis Anthony Bigatton promoted the crypto lending platform at four seminars and via two social media posts. Source link

Crypto personality pleads guilty to fraud after promising 60% 'fictitious' returns

The United States Department of Justice alleges Thomas John Sfraga convinced a victim to invest in a “fictitious” cryptocurrency” wallet after promising significant gains. Source link

Changpeng Zhao teases writing project ahead of reporting to prison

On April 30, a judge sentenced the former Binance CEO to four months in federal prison but did not set a reporting date at his hearing. Source link

Ghana, Singapore conduct trade in semi-fungible token pilot project

Project DESFT is meant to encourage trade between small businesses using a CBDC and a stablecoin, with an emphasis on credentialing. Source link

Tornado Cash founder sent to prison, DeFi’s EU struggles: Finance Redefined

The Tornado Cash developer has been detained in the Netherlands since August 2022 after the United States government blacklisted Tornado Cash. Source link

US Treasury strategy would tighten virtual asset regs, increase use of AI

Better regulations, greater enforcement and AI are going to be the focus of the Treasury’s fight against illicit finance. Source link