The U.S. Securities and Exchange Commission has dropped a multi-year case against Nader Al‑Naji, who had been accused of misleading investors and violating federal securities laws tied to the launch of the BitClout platform. Summary SEC has dropped its fraud and securities case against BitClout founder Nader Al-Naji after the agency’s crypto task force reassessed
SwissBorg, a digital asset investment platform with over $1 billion in assets under management, has obtained approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation from the French Autorité des Marchés Financiers (AMF), the firm announced Friday. The authorisation permits the platform to offer multiple crypto-asset services, including custody, administration, order execution, transfers, portfolio
India’s Central Bureau of Investigation has arrested Ayush Varshney, co-founder and CTO of Darwin Labs, for his alleged role in the GainBitcoin Ponzi scheme. The full scope of what he allegedly helped build is staggering. According to the CBI announcement, Darwin Labs developed and deployed the fraudulent tech infrastructure behind the scheme: including the MCAP
Another analyst indicated that there are “almost no short positions on XRP” at the moment. With the entire cryptocurrency market rebounding in the past 12 hours or so, Ripple’s cross-border token has joined the trend, jumping 5% to almost $1.50. Analysts have weighed in on this performance, with some suggesting that the asset has
Summary French Hill said the CLARITY Act could resolve issues left open by the GENIUS Act. Hill noted the House passed the CLARITY Act with bipartisan backing, including 78 Democratic votes. Lawmakers aim to ensure equal rules for bank and nonbank stablecoin issuers, Hill said. French Hill, chair of the U.S. House Financial Services Committee,
Crypto trading platform BlockFills announced today that it has entered Chapter 11 after the company suspended trading and withdrawals amid market volatility. The decision follows extensive discussions with investors, clients, creditors, and other stakeholders and is intended to preserve the value of the business while maximizing recoveries, according to the firm. Following our previous communication
Pump.fun has just become the first platform on the Solana blockchain to smash through the $1 billion cumulative revenue barrier. This isn’t just a win for the high-speed network; it is a massive wake-up call for the entire industry. For years, skeptics dismissed memecoins as a fleeting joke, but a single “joke” factory has now
Researchers are warning that Ethereum dust attacks have surged, with USDT and USDC transfers seeing major spikes. Analysis of the 90 days before and after the December 3 Ethereum Fusaka upgrade indicates a steep rise in the number of address poisoning scams. Stablecoin transactions on Ethereum are among the biggest hits with this ever-rising
Summary Boris Johnson called Bitcoin a potential Ponzi scheme after recounting a friend losing £20,000 in a crypto-related scam. Michael Saylor responded that Bitcoin cannot be a Ponzi because it has “no issuer, no promoter, and no guaranteed return.” The exchange highlights ongoing debate over Bitcoin’s structure, with critics questioning its value and supporters pointing
PI, the native crypto asset of the Pi Network, rose over 30% to $0.29 as market participants anticipated its trading debut on Kraken, one of the largest US crypto exchanges. The rally lifted PI’s market capitalization to $2.7 billion, pushing it ahead of established altcoins such as Uniswap’s UNI, Bittensor’s TAO, and Polkadot’s DOT, according