In a major policy shift, the U.S. Department of Justice (DOJ) is winding down its aggressive stance on crypto regulation, officially shutting down its National Cryptocurrency Enforcement Team (NCET), according to an internal memo obtained by crypto.news. Formed in 2022 under the Biden administration, NCET played a central role in prosecuting high-profile crypto cases —…
Matt Dyer has officially stepped down as CEO of Zilliqa Technology, the company announced on Tuesday, as the blockchain project advances toward its highly anticipated upgrade to Zilliqa 2.0. In a statement posted on X, Zilliqa confirmed Dyer’s departure and said that internal leadership will oversee operations during the interim period. While no specific reason…
In a surprising development, the government of Pakistan has officially appointed Changpeng “CZ” Zhao, the former CEO of Binance, as a strategic advisor to help shape the country’s national cryptocurrency and blockchain policies. According to sources familiar with the matter, CZ’s appointment was finalized earlier today during a closed-door session between Pakistan’s Ministry of Finance…
Bitcoin plunged nearly 7% on April 7, hitting a three-week low of $77,077, as fears of a global economic slowdown intensified following U.S. President Donald Trump’s sweeping new import tariffs. The sharp decline comes just days after Trump announced the aggressive trade policy, which includes a 10% blanket tariff on most imports and steeper rates…
Malta’s Financial Intelligence Analysis Unit (FIAU) has imposed a fine of €1.1 million on crypto exchange OKX for failing to comply with the country’s Anti-Money Laundering (AML) regulations. According to a recent Bloomberg report, the Maltese watchdog stated in a public notice that OKX failed to properly assess the money laundering risks associated with the…
It’s been a tumultuous start to April, as global markets experienced significant downturns, with U.S. equities and cryptocurrencies reacting sharply to escalating trade tensions. The U.S. stock market has shed a staggering $9.6 trillion in value since President Donald Trump’s second-term inauguration in January. Notably, $5 trillion of that decline occurred over just the past…
Web3 needs to stop ignoring basic OPSEC hygiene, especially as state-sponsored threats become more frequent, says Jan Philipp Fritsche, Managing Director at Oak Security. As North Korea’s “ClickFake” campaign draws renewed attention to targeted cyberattacks on crypto firms, security experts argue the space’s greatest vulnerability isn’t flawed smart contracts — it’s human error. In a…
Whales are taking advantage of Ethereum’s recent dip to increase their holdings, even as the altcoin’s dominance in the crypto market drops to a historic low of 8%. Like many other altcoins, Ethereum remains under pressure as market sentiment around risk assets continues to weaken. The broader environment is weighed down by macroeconomic uncertainty, particularly…
Police Scotland says it has witnessed a staggering 2,000% increase in cryptocurrency-related criminal activity since 2019, with serious and organized crime groups increasingly turning to digital assets to obscure their operations. Although the exact number of cases contributing to this surge remains unclear, authorities indicate that crypto is playing a growing role in fraud and…
Tron founder Justin Sun has initiated a legal process against First Digital Trust (FDT), the issuer behind the FDUSD stablecoin, accusing it of embezzling nearly $500 million in client funds. In an April 3 post on X, Sun said he had met with Hong Kong lawmaker Johnny Wu to report the case and submitted related…