They’re accused of facilitating a criminal enterprise led by Adam “The Godfather” Iza Two Los Angeles County sheriff’s deputies have pleaded guilty to participating in a cryptocurrency extortion scheme associated with an in-jail crypto entrepreneur, a Department of Justice announcement revealed. Deputies David Anthony Rodriguez and Christopher Michael Cadman both pleaded guilty to using their
Tag: Cryptocurrency
Bitcoin Price Surge Makes Satoshi Nakamoto the World’s 11th Richest Person
Satoshi is believed to hold almost 1.1 million BTC in cryptocurrency wallets Satoshi Nakamoto, the mysterious creator of Bitcoin, has once again climbed the global wealth rankings after Bitcoin’s price surged past $120,000 over the weekend. Based on blockchain data, Nakamoto is believed to hold over 1.09 million BTC, which translates to more than $131
Coinbase Partners With AI-Powered Search Engine Perplexity
The partnership is meant to help cryptocurrency adopters make faster decisions Coinbase has partnered with Perplexity, a rising AI-powered search engine, in a move that could reshape how users access and act on crypto market data. Announced by Coinbase CEO Brian Armstrong, the collaboration aims to link Perplexity’s real-time question-and-answer system with the crypto exchange’s
Crypto ATM Operator Bitcoin Depot Admits to Data Breach from a Year Ago
The breach may have impacted as many as 27,000 Bitcoin Depot customers Bitcoin Depot, a well-known operator of crypto ATMs, has only recently informed its customers about a data breach, despite the fact that it occurred over a year ago. The breach, which took place on June 23, 2024, exposed the private information of nearly
Ripple Boss Garlinghouse and Regulators Discuss Crypto Policy on Capitol Hill
The meetings could shape cryptocurrency policy at the federal level Ripple CEO Brad Garlinghouse is joining a group of crypto leaders and former regulators on Capitol Hill this week to discuss the future of US digital asset regulation. The Senate Banking Committee hosted the hearing as lawmakers consider a series of bills that could reshape
Ethereum Co-Founder Vitalik Buterin Wants Only Open-Source Blockchain Licenses
Buterin insists that using “copyleft” open-source licenses will foster more growth Vitalik Buterin, the co-founder of Ethereum, has recently expressed his strong support for the adoption of “copyleft” open-source licenses in the cryptocurrency industry. In a blog post published on Monday, Buterin explained his shift in perspective on software licensing. While he previously favored a
Elon Musk’s Newly Formed Political Party, the America Party, To Accept Bitcoin
Elon Musk promises to expand cryptocurrency adoption through his new political party Elon Musk has confirmed that his newly established political party, the America Party, will embrace Bitcoin as part of its operations. Musk’s stance on Bitcoin reflects his ongoing belief in the potential of digital currencies to disrupt traditional financial systems. In a recent
Celsius To Proceed With Lawsuit Against Tether Over $4B in Bitcoin
A US bankruptcy judge will allow Celsius Network to move forward with its legal fight A US bankruptcy judge has ruled that Celsius Network may proceed with its lawsuit against Tether, the issuer of the USDT stablecoin, over a dispute stemming from the 2022 crypto market collapse. The legal battle centers on allegations that Tether
Ripple Becomes Latest Crypto Firm To Seek US Banking Charter
Ripple is putting its legal fight with the SEC behind it, allowing the company to move forward Ripple Labs is the latest cryptocurrency company to seek formal recognition in the US banking sector. On Wednesday, Ripple CEO Brad Garlinghouse confirmed that the firm has submitted an application for a national bank charter to the Office
North Koreans Charged for Roles in $1M Crypto Theft
Four people face prison in the latest crackdown on North Korean-led cybercriminals Federal prosecutors have charged four North Korean nationals with wire fraud and money laundering in connection to a cryptocurrency theft totaling nearly $1 million. According to a statement released by the US Department of Justice (DOJ) on Monday, the individuals allegedly posed as
Circle Looks to Operate as a Federally Regulated Trust Institution
The company behind the USDC stablecoin hopes to offer custodial and digital asset services Circle, the company behind the USDC stablecoin, has officially submitted an application to operate as a federally regulated trust institution in the US. If approved by the Office of the Comptroller of the Currency (OCC), this move would establish the “First
Coinbase Makes TIME’s 100 Most Influential Companies of 2025 List
The cryptocurrency company has become a major “disruptor” as it shapes crypto policy Coinbase has been named to TIME’s 100 Most Influential Companies of 2025 list, earning recognition in the “Disruptor” category for its leadership in shaping crypto policy and driving innovation in digital finance. The crypto exchange has stood out this year not only