BVNK’s $50M Funding Round: A Bullish Sign for the Stablecoin Market

Stablecoin firm BVNK is exploring a new funding round, aiming to raise $50 million, as investor appetite for the sector grows. This move comes as no surprise, given the recent surge in market interest in stablecoins, particularly after Stripe’s acquisition of Bridge, a stablecoin infrastructure provider. As a London-based stablecoin startup, BVNK has already secured…

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Razzlekhan’s Husband Sentenced to Five Years in Prison for Bitfinex Hack: A Blow to Crypto Crime

The crypto world has been dealt a significant blow with the sentencing of Ilya Lichtenstein, the husband of Heather Morgan (aka Razzlekhan), to five years in prison for his role in the theft of approximately 120,000 bitcoin from crypto exchange Bitfinex. This high-profile case has sent shockwaves through the industry, serving as a stark reminder…

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FTX Co-Founder Gary Wang Faces Sentencing Amid Ongoing Investigations and Lawsuits

The FTX saga continues to unfold as co-founder Gary Wang faces sentencing on November 20 for his role in the exchange’s collapse. Wang has been cooperating with US authorities, providing significant assistance in the investigation and prosecution of Sam Bankman-Fried and other cases. Prosecutors have filed a brief alleging that Wang’s testimony was truthful and…

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18 GOP AGs Sue SEC as Gensler Hints Resignation: What’s Next for Crypto?

18 Republican Attorneys General have filed a lawsuit against the United States Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, accusing them of "unconstitutional overreach" and "unfair persecution" of the cryptocurrency industry. This move comes amidst growing scrutiny of Gensler’s leadership and speculation about his potential resignation. The lawsuit alleges that the SEC,…

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