The U.S. Securities and Exchange Commission has closed its investigation into Yuga Labs, the company behind the popular Bored Ape Yacht Club NFTs, with no action taken against the company. Yuga Labs celebrated the news with a digital high-five, promising to keep playing by the rules. This decision reflects a broader shift in how regulators are…

The SEC is offering up to $50,000 for eligible employees to resign as part of a cost-cutting initiative. To qualify, employees must have been on the payroll before Jan. 24 and must voluntarily leave through resignation, transfer, or retirement. The deadline to apply is March 21, and those who accept the offer cannot return to…

U.S. authorities will return $8.2 million to victims of a crypto scam that tricked people using “wrong number” tactics. Scammers would initiate conversations by pretending to have contacted the victim by mistake, gradually building trust before introducing fake investment opportunities in cryptocurrency. Once victims deposited their funds into what they believed were legitimate trading platforms,…

Donald Trump is set to host the first-ever White House crypto summit on March 7, bringing together industry leaders, policymakers, and blockchain innovators. The event is designed to explore the future of cryptocurrency regulation, the economic impact of digital assets, and the potential for the United States to emerge as a global leader in blockchain…

The UK has issued its first-ever criminal sentence for operating illegal crypto ATMs. Olumide Osunkoya has been sentenced to four years in prison for running an unlicensed crypto ATM network used for money laundering and fraud. Authorities are cracking down on unlicensed machines, marking a significant step in enforcing regulations on cryptocurrency transactions. This case…

U.S. lawmakers are taking action against the rising threat of crypto ATM fraud, which cost Americans nearly $170 million in losses from 2023 through mid-2024. Senators Jack Reed, Dick Durbin, Richard Blumenthal, and Peter Welch have introduced the Crypto ATM Fraud Prevention Act to prevent the scams targeting vulnerable users, especially seniors. This proposed legislation…

The FBI has officially accused North Korea's Lazarus Group of masterminding Bybit's massive security breach, which resulted in the theft of approximately $1.5 billion in ether. Authorities are now asking the public to help track and prevent the laundering of the stolen funds. This incident highlights the growing of state-backed cybercrime, raising concerns about whether…

The FBI has arrested three individuals involved in a complex cryptocurrency scheme that deceived investors out of over $10 million. This case serves as a stark reminder of the vulnerabilities in the digital asset space, underscoring the critical need for enhanced cybersecurity measures and more thorough investigative methods. With hackers getting bolder every day, will stronger…

Coinbase is strengthening its global presence by launching services in Nigeria through a strategic partnership with Onboard Global. This initiative seeks to streamline the onboarding process for Nigerian users while expanding access to digital asset trading in one of the world’s fastest-growing crypto markets by enabling Coinbase Wallet users to buy crypto with local currency…

Bybit has made a comeback in India after registering with Indian authorities, marking its official return to the market. This move follows a fine of 9.27 crore rupees imposed on Bybit on January 31, 2025, by the Financial Intelligence Unit of India for breaches of the Prevention of Money Laundering Act. This move signals a…