Russian national Alexander Vinnik, previously convicted for running a multi-billion-dollar money-laundering operation through his BTC-e crypto exchange, has been released in a prisoner exchange between Russia and the United States. In return, Moscow freed American schoolteacher Marc Fogel, who had been detained on drug charges. Vinnik’s Role in BTC-e and Legal Troubles Vinnik operated the…
The following is a guest post by Rob Viglione, CEO of Horizen Labs. Standards are the unsung heroes of technological innovation. They pave the way for true interoperability and establish a solid foundation for businesses to operate. A solid foundation of standards and guidelines makes it possible for builders to take a longer view and design more…
Wrapped AVAX (WAVAX) has seen a surge in wallet accumulation on the Avalanche blockchain, even as its price dropped more than 4% over the past 24 hours, data from TheTie shows. A total of 3,898 wallets added to their WAVAX holdings today—nearly twice the recent average of 1,600, the data shows. A wrapped token is…
Two Estonian citizens pleaded guilty yesterday to running a massive cryptocurrency Ponzi scheme that defrauded hundreds of thousands of investors worldwide, including in the United States. The scheme involved a fraudulent crypto-mining service called HashFlare, resulting in investor losses of over $577 million. Founders Agree to Forfeit $400M in Assets According to court documents, Sergei…
Cryptocurrencies backed by gold have underperformed over the week as the price of the precious metal saw a significant drop after moving up more than 10% so far this year. The decline came as speculation surrounding Trump’s tariffs being a negotiating tool. Gold-backed tokens, including Paxos gold (PAXG) and Tether gold (XAUT), have declined roughly…
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR) Strategy (MSTR) could be on track for potential S&P 500 inclusion by June 20. Currently, the company meets all eligibility requirements except one: achieving positive GAAP net income over the trailing 12 months (the most recent four quarters combined). To qualify, Q1 2025…
The following is a guest post from Anurag Arjun, Co-Founder of Avail. Modern tech platforms succeed because they break complex operations into specialized components. During high-demand events like Black Friday, Amazon can scale up specific services under pressure while others maintain normal operations. This architecture has enabled an entire ecosystem of businesses to build on…
Memecoin generator Pump.fun has launched a mobile app for both iOS and Android devices, making its platform more accessible to users and effectively doubling down on the ongoing memecoin craze. Pump.fun’s new mobile app has features similar to its web interface. It allows users to create their own Solana-based memecoins for free and trade existing…
The cryptocurrency exchange and wallet provider Blockchain.com has taken new steps toward a potential initial public offering (IPO) by appointing two seasoned executives with financial and operational expertise. Blockchain.com hired Justin Evans, who previously worked at Goldman Sachs, as its new chief financial officer, Bloomberg reported. It also appointed Mike Wilcox, previously CFO of Velocity…
[PRESS RELEASE – Read Disclaimer] WhiteBIT cryptocurrency exchange announced today that it has successfully secured over $150 million in at-risk cryptocurrency funds in 2024, further solidifying WhiteBIT’s role as a key partner in the fight against digital crime. The secured funds include assets recovered from third-party hacks and those protected from account breaches and scams.…