The US Securities and Exchange Commission (SEC) has charged Ramil Ventura Palafox with cryptocurrency fraud that resulted in a loss of $198 million for investors. In an official announcement, the agency claimed Palafox misappropriated $57 million of the funds.

Coinbase is launching a hiring push in Charlotte, North Carolina, marking a significant expansion into the longtime banking city.

SoftBank-backed crypto venture Twenty One Capital said on Wednesday it has agreed for a business combination with blank-check vehicle Cantor Equity Partners in a $3.6 billion deal.

Crypto hackers are making it easier than ever to launch digital theft operations, as malicious "drainers" evolve into a service-based business. The post Crypto Hackers Adopt ‘Drainer-as-a-Service' Model, Renting Malware for Just $100 appeared first on Cryptonews.

The U.S. OCC has opened the door for banks to offer key crypto services, both to businesses and individuals.

Symbiotic announced that the funding would launch the Universal Staking framework, extending blockchain security into broader economic coordination. The post Web3 Protocol Symbiotic Raises $29M in Series A, Plans to Launch Universal Staking Framework appeared first on Cryptonews.

Fundraising for sophisticated crypto investment vehicles has yet to fully experience the anticipated positive headwind of the Donald Trump presidency, according to a new report by the Crypto Insight Group.

Almost all cryptocurrency firms should be compliant with anti-money laundering (AML) transparency rules this year, a set of requirements around the sharing of certain information about the originator and beneficiary of transactions known as “the Travel Rule,” according to an annual survey carried out by crypto AML specialist Notabene.

iExec, a trust layer for decentralized physical infrastructure networks (DePIN) and artificial intelligence (AI), has launched a $1 million RLC Ecosystem Fund to help accelerate Web3 project development, as per the reports shared with Finbold on Wednesday, April 23.

Scroll, the Ethereum layer-2 network, shared Wednesday that it has launched its Euclid upgrade, which the team called its most significant protocol transformation to date.

Bybit CEO revealed how the exchange uses AI, both for external use and to help its users.

TL;DR Accessible Crypto Crime: Crypto drainers have evolved into a Drainer-as-a-Service model, enabling even low-skilled criminals to launch sophisticated crypto thefts for as little as $100. Mainstreaming the Underground: In a surprising twist, these malware tools are now showcased at IT industry fairs and cybersecurity expos, signaling a shift from shadowy operations to public displays.

Gate.io's futures services were temporarily suspended during the upgrade, though spot trading, deposits and withdrawals were unaffected.

Coinbase (COIN) has established the industry's most scaled crypto trading platform with a domestic market share of around 66%, broker Benchmark said in a report Wednesday, while also initiating coverage of the stock.

Crypto exchange giant Coinbase is set to expand its footprint by hiring over 130 employees in Charlotte, North Carolina, as part of a broader push to tap into emerging fintech talent pools across the US, a company spokesperson confirmed to Cointelegraph.“Coinbase is making a new investment in Charlotte with a new physical office and an immediate commitment to hire for 130+ local rolls across both Compliance and Customer Support over the next six months,” the spokesperson said.

Loaded Lions: Mane City is starting a new chapter. With the Crypto.com Land: Fractured Fate NFT sale, players will get more access to more assets, gameplay, and unlock new strategies.

MicroStrategy 2.0:- Bitcoin's significance as a strategic asset has grown significantly. Today only it surpassed Google's market cap to become the fifth-largest asset with $1.862 trillion in market value.

XYRO secures strategic integration with SOFTSWISS and TrueLab to bridge Web2 and Web3 gaming, expanding its game library while enhancing $XYRO token utility.

This is the SEC's first crypto related case under new Chair Paul Atkins.

Binance, the largest crypto exchange by trading volume metrics, has strengthened its compliance regulations for users in South Africa, aligning with the country's regulatory demands.

Mercuryo, a global platform for payment infrastructure, announced today the official launch of Spend, a new crypto debit card powered exclusively by the Mastercard network. Available through Ledger Live, the official application for the secure management of cryptocurrencies and NFTs, the card allows users to make purchases in fiat currency using their digital tokens directly. With over 7 million users, Ledger represents one of the main players in the self-custody sector of cryptocurrencies. The introduction of the Spend card marks a significant step towards the integration between the Web3 world and the real economy, offering users the possibility to spend their digital assets in a simple, secure, and immediate way.

The agency's complaint charges Ramil Palafox with violating anti-fraud and registration provisions of federal securities laws.

The CEO of Bybit, Ben Zhou, presented the new AI applications of the crypto-exchange, such as CryptoLens and TradeGPT. Artificial Intelligence is offered on Bybit both for customers and for internal use of the platform. The CEO of Bybit, Ben Zhou, has presented the new AI applications of the crypto-exchange. Specifically, in his post on X, Zhou divides the applications based on Artificial Intelligence for customers from those that are for internal use of the platform.

Risk is the carbon monoxide of Web3: all around us and yet invisible. We know it exists, and we face it every day as we saddle up and enter the trenches or prepare to hunt for yield in the DeFi pastures, yet we can't look it in the eye.

Binance plans to change how South African users make crypto deposits and withdrawals to ensure greater regulatory compliance.

The Kuwait Ministry of Interior (MoI) has issued a statement saying that crypto mining in the country is illegal and unlicensed. Officials from Kuwait's Ministry of Electricity, Water, and Renewable Energy have noted that there are over 1,000 crypto mining sites in the country.

Global payment infrastructure platform Mercuryo has announced the launch of a new cryptocurrency debit card on the Mastercard network. The new card, Spend, is available via companion app Ledger Live, and allows Ledger users to seamlessly make purchases using their digital holdings, which are converted to fiat currency.

Prediction market Polymarket has lowered the odds of Jerome Powell being removed as Federal Reserve Chair as Trump signals support.

Trump Media has partnered with Crypto.com and Yorkville America Digital to launch a series of “Made in America” crypto-focused ETFs under its Truth.Fi brand, marking its formal entry into the digital asset investment market.

Crypto drainers — malware designed to steal cryptocurrency — have become easier to access as the ecosystem evolves into a software-as-a-service (SaaS) business model.In an April 22 report, crypto forensics and compliance firm AMLBot revealed that many drainer operations have transitioned to a SaaS model known as drainer-as-a-service (DaaS). The report revealed that malware spreaders can rent a drainer for as little as 100 to 300 USDt (USDT).

European privacy regulators are working to bring blockchain technology in line with existing data protection rules.

Yuga Labs seeks to seize $400,000 in crypto from influencer Jeremy Cahen who allegedly evaded court judgment in Bored Ape trademark case.

SEC charges Ramil Palafox with running $198M crypto fraud that misappropriated $57M for luxury purchases while deceiving 90,000 investors.

Trump Media partners with Crypto.com to launch "Made in America" ETFs focusing on US industries and digital assets, expanding Trump's crypto ventures.

A brewing showdown between Europe's top financial institutions could shape how the world approaches crypto regulation in a Trump-led era. This week, tensions erupted between the European Central Bank (ECB) and the European Commission over how well Europe's new crypto laws can hold up if Trump's policies trigger a wave of financial volatility.

Paul Atkins, President Trump's nominee to chair the U.S. Securities and Exchange Commission, was formally sworn into office on April 21. Atkins, who is a long-time supporter of crypto, assumes the role of the 34th chair of the regulatory agency.

Grayscale is accelerating its ETF expansion as the company seeks new avenues for growth amid increasing competition in the crypto ETF market.

The US Securities and Exchange Commission (SEC) has charged Ramil Palafox, a dual US-Philippine national, with orchestrating a $198 million crypto scam.

Binance is set to implement new compliance measures for South African users, requiring sender and receiver information for all crypto deposits and withdrawals.In an official announcement on April 23, the largest cryptocurrency exchange in terms of daily trading volume of cryptocurrencies said the move comes in response to local regulatory demands. Starting April 30, 2025, Binance users in South Africa will be prompted to provide additional information when transferring crypto.

Binance CEO Richard Teng has taken to the social media platform X to warn community members about a new scam ravaging the crypto ecosystem. Teng flagged SMS spoofing as the next biggest strategy among scammers, noting the need to stay safe.

The Securities and Exchange Commission accused PGI Global's CEO of orchestrating an international scheme that raised $198 million under false crypto exchange claims.

TMTG finalized a binding agreement this week. It partnered with Crypto.com and Yorkville America Digital to launch a suite of ETFs and related products.

On April 22, Richard Heart shared on X that he and his crypto projects—HEX, PulseChain PLS, and PulseX —had "defeated the SEC completely" and gained “regulatory clarity that nearly no other coins have".

There are a lot of opportunities with cryptocurrency. It hasn't been dimmed for the past fifteen years.

The U.S. government's evolving approach to crypto regulation could mark a pivotal moment for payments innovation. “There's certainly a change in how the administration views the digital assets industry,” Dan Boyle, partner at Boies Schiller Flexner, told PYMNTS CEO Karen Webster.

Layer 1 blockchain Concordium, known for providing an enterprise-focused platform, has announced that four leading stablecoin platforms will issue their assets natively on its chain.

Trump Media and Technology Group (TMTG) has announced the new line of cryptocurrency-themed ETFs, following the agreement signed with Crypto.com. For the launch of the new ETFs, Trump Media will collaborate with Yorkville America Digital. The initiative, made public on April 22, represents a decisive step for the company in diversifying its activities, going beyond media and technology to embrace the world of investments. The new ETFs will be launched under the Truth.Fi brand and will offer combined exposure to digital assets and key sectors of the US economy, such as energy. Distribution will be entrusted to Foris Capital US LLC, the regulated broker-dealer division of Crypto.com, pending the necessary regulatory approvals.