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India’s Directorate of Enforcement (ED) has arrested Manideep Mago under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an “illegal foreign remittances case” involving cryptocurrency. The investigation uncovered that a Delhi-based company sold cryptocurrencies worth over Rs. 1858 crore ($223 million) on crypto exchanges and made foreign remittances exceeding Rs. 3500 crore. … Read more
Australian Securities and Investments Commission (ASIC) stated on Tuesday that it had appealed the federal court’s decision to relieve Web3 Ventures Pty Ltd., trading as Block Earner, from liability to pay a penalty for offering unlicensed financial services through its crypto-related Earner product. On June 4, the court found Block Earner’s contraventions serious but exempted … Read more
The Securities and Exchange Commission of the Philippines issued an advisory on Wednesday to inform the public that Skyline Crypto and Dry Goods Trading is not authorized to solicit investments from the public. The company has been offering investment opportunities online, promising returns of 35% in 15 days and rewards like smartphones and vehicles. Skyline … Read more
Curve DAO’s (CRV) price increased over 10% early Wednesday, hitting $0.35 and marking a 41% increase from its low since a recent liquidation crisis involving its founder. On-chain data revealed significant accumulation of CRV by whales this week, with reports indicating a particular increase in purchasing during the post-liquidation price dip. This resurgence in CRV’s … Read more
Metamask, the popular Ethereum wallet, has updated its privacy policy. The update provides users with greater transparency and control over their personal data, specifically concerning IP address processing. According to the new policy, Metamask may temporarily process a user’s IP address only when required for certain services, depending on the user’s Metamask settings. This is … Read more
Arkham, a cryptocurrency analytics platform, has put a bounty of 100,000 ARKM, valued at $150,000, for information leading to the reveal of the creator of DJT, a Solana token linked to the former President and current Republican presidential candidate Donald Trump. While the token was issued with Trump’s involvement according to sources, there has not … Read more
Consensys has announced that the U.S. Securities and Exchange Commission (SEC) has decided to close its investigation into Ethereum 2.0. This decision implies that the SEC will not allege that sales of ETH are securities transactions. The announcement follows a request from Consensys to the SEC to affirm that the approval of ETH exchange-traded funds … Read more
Stand With Crypto, a crypto and blockchain-focused political action committee (PAC), has decided to endorse 18 additional House and Senate candidates from both parties to get crypto-friendly allies to achieve positive results in the upcoming elections. Among the favored are Kirsten Gillibrand, Rick Scott, Dan Goldman, Young Kim, and House hopefuls Blake Masters and Sarah … Read more
Ripple CEO Brad Garlinghouse expressed his view on the political landscape in the U.S. regarding cryptocurrency regulation on social media platform X on Monday. “You’ll hear this a lot more in the next few months in the U.S. — candidates will only gain votes for being pro-crypto, and absolutely lose them for being anti-crypto. There’s … Read more
Bank of America (BOFA) forecasts a bullish trend for silver, anticipating an increase in prices through the latter half of 2024 into 2025. BOFA analysts project silver prices to average $35/oz by 2026, compared to the current spot price of $29.19/oz. This optimistic outlook is driven by expectations of an end to central bank interest … Read more
