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This week in Crypto!

The unexpected return of Roaring Kitty—real name Keith Gill, and also known as DeepFuckingValue on Reddit—on a Sunday night sparked a remarkable trading frenzy that resonated across meme stocks and digital currencies alike. This marked his first post in nearly three years on Twitter, now known as X, catalyzing significant market movements reminiscent of his […]

$73 Million Crypto Laundering Scheme Unveiled

The U.S. Department of Justice (DOJ) has charged two Chinese nationals, Daren Li and Yicheng Zhang, for their roles in a massive cryptocurrency scam, culminating in at least $73 million in laundered money. This high-profile case highlights the ongoing issues surrounding digital currency fraud and the international efforts to combat these illicit activities. Daren Li, […]

Spot Ethereum ETF May Launch Sooner Than Expected

Despite the prevailing pessimism among industry observers, a spot Ethereum exchange-traded fund (ETF) could be closer to launch than anticipated, according to Coinbase, America’s largest cryptocurrency exchange. In a recent communication, Coinbase highlighted the ongoing uncertainty due to the Securities and Exchange Commission (SEC)‘s reticence but remained optimistic about the eventual approval of such a […]

Pink Drainer Scam Service Announces Retirement

Pink Drainer, a notorious wallet-draining service, has announced its retirement in a private Telegram chat, as revealed by blockchain investigator ZachXBT. The announcement marks the end of a service that facilitated the theft of over $75 million from nearly 20,000 victims over the past year. In the message, Pink Drainer expressed regret for the “lack […]

Gambaryan Denied Bail in Nigerian Court

Tigran Gambaryan spent his 40th birthday in a Nigerian court on Friday, facing a disappointing but expected outcome — a judge refused to grant him bail. Gambaryan, the head of financial crime compliance at Binance, has been detained since late February when he arrived in Nigeria for discussions with the government regarding the crypto exchange’s […]

Bitcoin Hits $66,000 Amid Positive Inflation Trends

Bitcoin has achieved a notable milestone early Thursday morning, soaring past the $66,000 mark. This represents a 6.6% increase since yesterday and an 8.3% rise over the past week, with the current price standing at $66,245.22. Over the last 24 hours, approximately $82 billion in Bitcoin has been traded, reflecting significant market activity as per […]

Tornado Cash Developer Appeals Money Laundering Conviction

In a recent development, Tornado Cash developer Alexey Pertsev has lodged an appeal with the s-Hertogenbosch court of appeal following his conviction for money laundering on Tuesday. According to a court spokesperson, the appeal process could span several months before the initial hearing is scheduled. Currently, the court has not confirmed whether the appeal has […]

Bitcoin and Dogecoin Surge Amid Meme Stock Rally

In a vibrant day for cryptocurrency markets, Bitcoin’s price is soaring, reaching its highest level in three weeks at $65,872, as reported by CoinGecko. The leading cryptocurrency by market cap has experienced a notable 7% increase over the last 24 hours, and a steady 4% rise over the past month. This surge in Bitcoin’s value […]