Enforcement agencies have intensified actions against illicit cryptocurrency activities, with the EU sanctioning the Russian exchange Garantex and the U.S. targeting Nemesis operator Behrouz Parsarad. Despite these efforts, darknet marketplace revenues rose to $1.7 billion in 2024, highlighting ongoing challenges in combating such ecosystems.
about Increased Sanctions Target Cryptocurrency Exchanges and Darknet MarketplacesSimon
0 posts last weekEvanne Ní Chuilinn appointed Government Spokesperson for Arts and Media
Evanne Ní Chuilinn, former RTÉ presenter, has embarked on her political career by accepting her first Government position as Spokesperson in the Seanad for Arts, Media, Sport, and Communications. Excited about the opportunity, she aims to shape policy and engage with key stakeholders in these vital sectors. After 21 years in broadcasting, Ní Chuilinn seeks to amplify her voice on important issues through her new role.
about Evanne Ní Chuilinn appointed Government Spokesperson for Arts and MediaSingularity Finance and ApeBond Collaborate to Enhance On-Chain Liquidity
Singularity Finance has partnered with ApeBond to enhance on-chain liquidity through decentralized bonding solutions, aiming to create a sustainable and community-driven financial infrastructure. This collaboration will improve capital efficiency, reduce volatility, and foster stable liquidity for developers and users within the DeFi ecosystem. The integration of ApeBond’s bonding mechanisms is expected to drive engagement and provide a more resilient foundation for DeFi applications.
about Singularity Finance and ApeBond Collaborate to Enhance On-Chain LiquidityOrbs and Xpanse Collaborate to Advance Decentralized Derivatives Trading
Orbs has integrated its Perpetual Hub with Xpanse to enhance decentralized derivatives trading on the Mode network, utilizing AI-driven insights and multi-layered liquidity management for optimized order execution. This partnership allows traders to access over 340 markets with up to 60x leverage, benefiting from lower fees and advanced trading tools. The collaboration aims to redefine onchain perpetual markets, combining Orbs’ L3 architecture with Xpanse’s innovative trading features for improved capital efficiency and execution speed.
about Orbs and Xpanse Collaborate to Advance Decentralized Derivatives TradingFederal Court Seizes Over One Billion Dollars in Sam Bankman-Fried Assets
A federal court has seized over $1 billion in assets from Sam Bankman-Fried, including $606 million in Robinhood stock, cryptocurrencies, private jets, and political donations. The extensive list includes two private jets and over 250 political contributions linked to fraud charges. Additionally, significant financial accounts tied to FTX and Alameda Research were also confiscated, with creditors set to receive 119% of their initial balance following the collapse of FTX.
about Federal Court Seizes Over One Billion Dollars in Sam Bankman-Fried AssetsTrump’s Memecoin Airdrop Faces Backlash from Supporters and Analysts
Donald Trump’s official memecoin, TRUMP, is launching an airdrop for supporters who have purchased branded merchandise, offering tokens valued at around $50. However, the initiative has faced backlash, with critics labeling it as one of the stingiest in crypto history, especially for those who invested significantly in Trump’s NFTs. The airdrop aims to enhance the TRUMP brand in the crypto space, but it has also drawn political criticism amid concerns over its declining value and impact on small investors.
about Trump's Memecoin Airdrop Faces Backlash from Supporters and AnalystsRecord Growth in Crypto Mobile Wallet Users and Stablecoin Adoption
The number of crypto mobile wallet users reached a record 36 million in Q4 2024, reflecting a shift towards active engagement in decentralized finance (DeFi), NFTs, and blockchain applications. Global cryptocurrency ownership hit 560 million, with stablecoin supply increasing by 18% to nearly $200 billion, and trading volume surging to $30 trillion. As regulations for stablecoins expand, the demand for mobile wallets and DeFi services continues to grow, despite ongoing security threats targeting users.
about Record Growth in Crypto Mobile Wallet Users and Stablecoin AdoptionAmmon Simon appointed Chief Counsel for Senate Banking Committee on crypto regulation
Ammon Simon has been appointed Chief Counsel for the US Senate Committee on Banking, Housing, and Urban Affairs, a role expected to shape crypto regulation while fostering innovation and investor protection. Previously, Simon served as counsel to SEC Commissioner Hester M. Peirce, focusing on regulatory policies for crypto assets. His experience includes roles at the Department of Housing and Urban Development and as Banking Counsel for Senator Ben Sasse, where he advised on financial market regulations.
about Ammon Simon appointed Chief Counsel for Senate Banking Committee on crypto regulation