Acum 4 h
US prosecutors say Uranium Finance hack suspect faces up to 30 years over $54M theft
US authorities unsealed an indictment accusing Maryland resident Jonathan Spalletta of hacking Uranium Finance in April 2021 and stealing more than $54 million across two exploits. Prosecutors allege some of the funds were later used to buy collectibles such as Pokémon cards, antique Roman coins and fabric from the Wright brothers' plane, and say he faces charges that carry up to 30 years in prison.
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ADA-0.85%
Acum 4 h
acum 2 zile
Canada introduces Strong and Free Elections Act to bar crypto political donations
Canada’s federal government introduced the Strong and Free Elections Act on Thursday, proposing to ban political parties and election-related third parties from accepting donations in cryptocurrency, money orders and prepaid cards. The proposal cites concerns that these payment methods can enable anonymous or difficult-to-trace contributions and could be exploited for foreign interference. The bill also outlines penalties that could reach twice the contributed amount, plus $25,000 for individuals and $100,000 for corporate entities.
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ADA-0.85%
acum 2 zile
3-27
UK targets Xinbi with sanctions, citing over $19.9B illicit flows from 2021-2025
The UK government has sanctioned Xinbi, a Chinese-language crypto “guarantee marketplace,” aiming to cut the platform off from what it described as the legitimate crypto ecosystem. The measures include freezing any UK-linked assets and banning UK businesses and individuals from providing goods, services, loans or investments to Xinbi. Chainalysis estimates Xinbi processed more than $19.9 billion in illicit flows between 2021 and 2025.
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ADA-0.85%
3-27
3-27
Maxine Waters questions Kansas City Fed on Kraken master account terms
US Representative Maxine Waters is seeking details on the Federal Reserve Bank of Kansas City's approval of a limited-purpose master account for Kraken Financial, after the Wyoming-chartered unit became the first crypto-native firm to obtain a Fed Master Account in March. In a Thursday letter, she asked Fed President Jeff Schmid to respond by April 10 on what services Kraken can use, what limits apply, and what anti-money laundering and consumer protection factors were reviewed.
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ADA-0.85%
3-27
3-26
UK government advances temporary ban on political crypto donations from March 25
The UK government is moving forward with a temporary moratorium on political donations made via cryptocurrencies, with amendments planned to the Representation of the People Bill and a "retrospective effect" from March 25. Once enacted, parties, candidates and MPs would have 30 days to return any unlawful donations received in the interim, and the ban would remain until Parliament and the Electoral Commission deem the rules robust enough for transparency and confidence.
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ADA-0.85%
3-26
3-24
Hostplus considers adding crypto investment access via ChoicePlus, pending approval
Hostplus, one of Australia's largest superannuation funds, is weighing whether to let members invest in cryptocurrencies after receiving requests for access to the asset class. The fund's CIO said the earliest rollout could be next financial year via its ChoicePlus platform, though the proposal remains in design and would require regulatory sign-off and consumer-protection work.
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ADA-0.85%
3-24