Dragonfly Capital, a cryptocurrency venture capital firm (VC), may be facing charges from the US Department of Justice (DOJ) related to its early investment in Tornado Cash, co-founded by Roman Storm. Fox journalist Eleanor Terret reported that federal authorities are contemplating charges against several individuals at Dragonfly, including General Partner Tom Schmidt. Dragonfly Capital’s Role…
The U.S. Department of Justice is cracking down on yet another cryptocurrency fraud ploy. The losses amount to tens of millions, and it’s expected that more will be identified. An Elaborate Scheme The U.S. Attorney’s Office in the Western District of Washington filed a civil action on Tuesday, demanding the forfeiture of cryptocurrency assets valued…
$1.9 billion in FTX repayments could soon enter the crypto market, providing a bullish outlook for crypto prices. This follows an announcement by the estate of the defunct exchange regarding the resolution of undisputed claims, clearing the way for the next repayments. The Market Awaits Next FTX Payouts Of $1.9 Billion In a press release,…
BitMEX co-founder Arthur Hayes has declared that the OG NFT collection CryptoPunks will outperform Ethereum (ETH) in this cycle, citing internet status culture as the primary driver. With NFT market volumes exploding and Ethereum showing bullish momentum, his forecast has ignited debate among analysts and collectors alike. Scarcity, Status, and Sentiment Hayes believes that as…
US Senator Elizabeth Warren has slammed the Trump administration and the recently passed crypto bill focusing on stablecoin regulation, arguing that the American people will pay the price for “industry-designed” legislation. US Lawmakers Must Get Legislation Right In a Vanity Fair interview, Democratic Senator Elizabeth Warren criticized the Guiding and Establishing National Innovation for US…
The question of how much Bitcoin is needed to retire has probably been asked by most investors, and recent research may now have the answer. Bitcoin researcher and investor ‘Smitty’ has created a model calculating how much BTC is needed to retire on. “Most people in most countries still need less than 1 BTC for…
TL;DR The cryptocurrency market is booming as the year heads into H2, and speculations about a potential altcoin season have skyrocketed lately. Consequently, we decided to ask four of the most utilized AI chatbots (ChatGPT, Grok, Perplexity, and Gemini) which one will stand out the most this year. ChatGPT’s List Let’s begin with ChatGPT’s answer…
TL;DR Ripple’s native token was among the poorest performers during the Thursday and Friday market crash, dropping below $3 after the recent all-time high. This has allowed large investors to buy the dip, while Dogecoin’s surge today has pushed it back to a key accumulation zone. Whales bought the dip, scooping up over 130 million…
A woman from Arizona has been sentenced to more than eight years in federal prison for her involvement in a wide-ranging fraud scheme that enabled North Korean operatives to gain remote employment at hundreds of US-based technology and cryptocurrency firms. According to the US Attorney’s Office for the District of Columbia, 50-year-old Christina Marie Chapman…
According to a senior Moscow lawmaker, the ranks of officially registered crypto mining companies have gone from just 91 at the start of 2024 to over 1,000 today. This sharp rise comes after a law passed in the fall of 2024 required anyone using more than 6,000 kWh of electricity per month to sign up…