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Crypto Firm Sentenced for AI Token Wash Trading After DOJ Undercover Sting


Federal agents posed as a crypto startup to expose CLS Global’s role in AI token wash trades, revealing deceptive algorithms used to fake market demand. Secret DOJ Sting Exposes Crypto Wash Trades With AI Token as the Bait The U.S. Department of Justice (DOJ) announced on April 2 that CLS Global...

Bitcoin holds firm as stocks lose $5T in record Trump tariff sell-off


Bitcoin is gaining renewed attention as a hedge against financial instability after holding relatively steady during a record-breaking stock market downturn that saw $5 trillion wiped from the S&P 500.The S&P 500 posted a $5 trillion loss in market capitalization over two days, its largest...

Bitcoin holds firm as stocks lose $5T in record Trump tariff sell-off


Bitcoin is gaining renewed attention as a hedge against financial instability after holding relatively steady during a record-breaking stock market downturn that saw $5 trillion wiped from the S&P 500.The S&P 500 posted a $5 trillion loss in market capitalization over two days, its largest...

Stablecoin firm Circle mulls IPO delay amid economic uncertainty — Report


Stablecoin firm Circle, the issuer of the USDC (USDC) dollar-pegged token, is reportedly mulling a delay of its initial public offering (IPO) plans amid the macroeconomic uncertainty created by the Trump administration's trade policies. According to The Wall Street Journal, “Circle had been...

US court fines UAE crypto firm CLS Global $428K for wash trading


Authorities in the US state of Massachusetts continue targeting unlawful cryptocurrency market practices, with a local court fining crypto financial services firm CLS Global.A federal court in Boston on April 2 sentenced CLS Global on criminal charges related to fraudulent manipulation of crypto...

Japanese Gaming Firm Enish Invests 100 Million Yen in Bitcoin


Enish, a Tokyo Stock Exchange-listed gaming company, has announced the purchase of 100 million yen ($660,000) worth of bitcoin. The investment aligns with the company’s strategy to deepen blockchain integration in game development and diversify financial assets. Enish Strengthens Blockchain Game...

Genius Group says it’s been banned from buying more Bitcoin


Singapore-based artificial intelligence firm Genius Group says it’s temporarily barred from expanding its Bitcoin treasury after a US court order has banned it from selling shares, raising funds and using investor funds to buy more Bitcoin.A New York District court issued the preliminary...

US lawmakers press SEC for info about Trump family-backed crypto firm


Two Democratic lawmakers in the US Senate and House of Representatives have called on acting Securities and Exchange Commission (SEC) Chair Mark Uyeda to preserve information regarding World Liberty Financial, the crypto firm backed by President Donald Trump’s family.In an April 2 letter...

Indian IT Firm Jetking to Raise Funds for Bitcoin Treasury Expansion


Jetking Infotrain Limited, a Mumbai-based IT education firm, announced plans Wednesday to raise ₹6.6 crore ($793,000) through a preferential share issue to expand its bitcoin reserves and fund cryptocurrency-related initiatives, Chief Financial Officer Siddarth Bharwani confirmed. Jetking Doubles...

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