Key Notes Mihailo Bjelic is stepping away from the Polygon Foundation to pursue other endeavors. Currently, Sandeep Nailwal is the only co-founder on the Polygon Foundation board. POL price has recorded a 4% drop after the announcement. Mihailo Bjelic, one of the co-founders of Polygon, has decided to step down from the board of the […]
Is Polygon In Distress? Mihailo Bjelic Is Third Founder to Exit Read More »
Key Notes Mango Markets hacker Avraham Eisenberg has seen his theft case dismissed. Eisenberg received a separate 4-year sentence after pleading guilty to possessing child sexual abuse material. Donald Trump’s administration has brought leniency to crypto lawsuits, and Eisenberg may be a beneficiary. A United States judge has dismissed the commodities fraud and market manipulation
Mango Markets Hacker Avraham Eisenberg’s Fraud Charges Dismissed Read More »
U.S. Congressmen Sean Casten (IL-06) and Adam Smith (WA-09) are spearheading efforts by U.S. lawmakers demanding that the Department of Justice (DOJ) investigate whether U.S. President Donald Trump’s $TRUMP meme coin dinner violates federal bribery laws or the Constitution’s foreign emoluments clause, according to a May 22 letter. Casten, Smith Call for DOJ Inquiry Into
Labeling it proof of creeping corruption, Sen. Elizabeth Warren blasted Donald Trump’s crypto-fueled Trump gala on Thursday, arguing the $TRUMP dinner lets anonymous whales purchase presidential access. Lawmakers are now weighing tighter stablecoin rules in response. Elizabeth Warren Criticizes Trump In a May 22 press conference, Warren chided the $TRUMP dinner as an extension of
Warren Blasts Trump Gala’s 220-Investor Meme Coin Dinner for Ethical Breaches Read More »
The Russian crypto mining sector is continuing to grow, new data reveals, with the country’s two biggest firms – BitRiver and Intelion – making $200 million in revenue in FY2024. The data was compiled and published by the Russian media outlet RBC, and shows that BitRiver and Intelion alone have cornered over 50% of the
Russian Crypto Mining Giants BitRiver, Intelion Post Combined $200M Revenue for FY2024 Read More »
Ranking Member of the House Financial Services Committee Maxine Waters (D-CA) introduced a new bill targeting corruption in the crypto sector just hours before U.S. President Donald Trump’s gala dinner for $TRUMP meme coin investors outside the nation’s capital on Thursday. Waters, Democrats Unveil Crypto Corruption Bill Known as the “Stop Trading, Retention and Unfair
Maxine Waters Slams Trump’s $TRUMP Gala, Drops ‘Stop Crypto Corruption’ Bill Read More »
David Sacks, senior crypto adviser to President Donald Trump, announced on May 21 that bipartisan momentum is propelling the GENIUS Actlandmark stablecoin legislation through the U.S. Senate. The bill, which aims to bring regulatory clarity to a $200 billion stablecoin market, has cleared an important procedural hurdle with the support of 15 Democrats, making its
A federal jury in the Eastern District of New York convicted former SafeMoon CEO Braden Karony on May 21 of conspiracy to commit securities fraud, wire fraud and money laundering after a 12-day trial that began on May 5. He now faces up to 45 years in prison and the forfeiture of illicit gains. Prosecutors
SafeMoon Ex-CEO Found Guilty on Every Charge Read More »
The Blockchain Association is celebrating the Senate’s advancement of the GENIUS Act as pro-crypto politicians seek to enact a comprehensive stablecoin regulatory framework, a May 19 X post from the organization reveals. GENIUS Act Advances After Narrow Defeat According to the X post, Blockchain Association Interim CEO and Head of Policy Sarah Milby called Monday’s
Key Takeaways: The GENIUS Act could funnel $30 trillion into crypto by bridging traditional finance and blockchain. Bipartisan support indicates stablecoins as a U.S. policy priority, easing regulatory uncertainty. Ethereum and Solana may surge as regulated stablecoins drive institutional DeFi adoption. The U.S. Senate ignited crypto’s future on May 19, as they voted 66-32 to
GENIUS Act Pass Spurs Bitwise CIO’s $2.5T Crypto Boom Forecast Read More »
