The US Treasury has sanctioned Philippines-based tech firm Funnull, accused of providing services to thousands of crypto scam websites. This action highlights the increasing regulatory focus on combating crypto-related fraud.
Category: News
NYPD Officers Linked to Crypto Torture Case: Modified Duties and Market Implications
Two NYPD officers are under investigation after being connected to the kidnapping and torture of a crypto trader, raising concerns about regulatory oversight and security within the crypto space.
Base Briefly Rivals Solana in Speed: What Does This Mean for L2 Scaling?
Coinbase’s Base layer-2 solution briefly achieved transaction speeds nearing 1,000 TPS, sparking discussions about its potential to compete with Solana. Here’s a breakdown of the news and its implications.
Hyperliquid Whale Loses Nearly $100M as Bitcoin Dips: A Cautionary Tale of Leverage
A high-profile Hyperliquid trader, James Wynn, faced massive liquidations totaling almost $100 million after Bitcoin briefly plunged below $105,000. This event highlights the risks associated with high-leverage trading in the volatile crypto market.
SEC Signals Green Light for PoS Crypto Staking: A Game Changer?
The SEC’s Division of Corporation Finance recently issued guidance suggesting that certain crypto staking activities on Proof-of-Stake blockchains don’t violate US securities laws, potentially impacting the staking landscape.