The founders of Samourai Wallet, Keonne Rodriguez and William Lonergan Hill, have been taken into custody by US law enforcement on charges of laundering more than $100 million. Based on a press release from the US Department of Justice on April 24, Rodriguez and Hill are now facing charges for conspiring to launder money and … Read more
Based on a recent S&P analysis, a proposed bipartisan legislation for stablecoins could potentially grant banks a competitive edge in the digital asset custody industry, thereby fostering rivalry among various institutions. If passed, the Lummis-Gillibrand Stablecoin Act introduced on April 17 appears poised to bring regulatory certainty to the $157 billion stablecoin sector, now largely … Read more
Keonne Rodriguez and William Lonergan Hill, the creators of Samourai Wallet, find themselves in hot water due to claims of money laundering against them. Authorities assert that these individuals played significant roles in managing a cryptocurrency tumbler, enabling over $100 million in tainted funds derived from dark web deals. This alleged activity is said to … Read more
The UK’s Competition and Markets Authority (CMA) is strengthening its regulatory grip on significant AI market players, such as Amazon and Microsoft, due to concerns over potential market control. According to CMA reports, these collaborations could create competition problems in the UK market. We’d be happy to receive feedback on the collaborations and related initiatives … Read more
In a letter penned down on Tuesday, Changpeng Zhao, the founder and ex-CEO of Binance, expressed regret for past mistakes and assumed complete accountability for his actions, apologizing for any “suboptimal choices” he may have made. After reaching a deal with the U.S. Department of Justice (DOJ) in November 2023 over alleged charges, Zhao and … Read more