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Tornado Cash Founder Guilty of Unlicensed Business Operation


Tornado Cash developer Roman Storm was convicted Wednesday of conspiracy to operate an unlicensed money transmitting business, while the jury deadlocked on charges of conspiracy to commit money laundering and conspiracy to violate North Korea sanctions. Jury Convicts Storm on 1 Count; Deadlocked...

Coinbase Rolls out Beta for API-Powered Embedded Wallets


On Tuesday, Coinbase revealed it has launched a beta version of “Embedded Wallets” for developers, offering integrated wallet creation, fiat onramps, token swaps, and 4.1% USDC rewards through a unified API suite. Coinbase Debuts Embedded Wallets Beta The new tool, part of the Coinbase...

FinCEN Targets Crypto Kiosks as Fraud Losses Detonate Across US Markets


Crypto kiosks are fueling a new wave of fraud and cartel-driven laundering, prompting urgent calls for tighter controls across the U.S. financial system. FinCEN Sounds Alarm: Crypto Kiosks Now High-Risk Vectors for Money Laundering The U.S. Department of the Treasury’s Financial Crimes Enforcement...

‘Smartest Buy or Dumbest Bet?’ USA Today’s XRP Post Triggers Outrage


On Saturday, USA Today dropped a headline-grabbing article to its 5.1 million followers on X, declaring, “ XRP is the smartest cryptocurrency to buy with $500 right now.” The post quickly ignited chatter across social media, prompting a wave of hot takes from bitcoin die-hards and devoted XRP fans...

Bolivia and El Salvador Sign Digital Assets Cooperation Agreement


The agreement between the two countries focuses on the exchange of information about digital assets, which, according to the Central Bank of Bolivia, have become a widely used alternative for international payments. El Salvador has emerged as a crypto powerhouse in Latin America, with several...

Pi Network Token Plunges Amid Token Lockup Controversy and Upcoming Unlock


The native token of the Pi Network, PI, experienced a sharp decline, dropping from a high of nearly $0.46 on July 28 to just under $0.35 by Aug. 2. Token Holders Express Disappointment The native token of the Pi Network, PI, tumbled on Aug. 2 after the decentralized platform announced that...

Project Crypto: A New Era in US Financial Regulation


In a bold and sweeping address delivered at the America First Policy Institute, Paul Atkins—the Chairman of the SEC—outlined what may become one of the most significant shifts in U.S. financial regulatory history: the launch of “Project Crypto.” Framed as a strategic initiative to reestablish...

MEXC Reports 12% Drop in Syndicate Fraud Cases in Q2 2025


MEXC reported a 12% quarter-over-quarter decline in syndicate-related fraud during Q2 2025, blocking over 70,000 fraud attempts using artificial intelligence (AI)-powered risk controls and targeted regional interventions. AI-Driven Security Cuts Crypto Fraud on MEXC As Fraud Attempts Decline MEXC...

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