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news-imageMarch 14, 2025

California man sentenced to over seven years in federal prison for crypto laundering scheme

John Khuu, a California man, received an 87-month sentence after he pleaded guilty to conspiracy to commit money laundering. The U.S. DOJ claimed the accused imported counterfeit pharmaceuticals and sold them in the US in exchange for Bitcoin.
Publisher: Cryptopolitan
Sentiment: Negative
General

More News Articles

Negative
cover-imageCryptonews
March 14, 2025

Crypto Influencer T.J. Stone Sentenced to 45 Months for Fraud

Thomas John Sfraga, known as T.J. Stone, has been sentenced to 45 months in prison for wire fraud. Prosecutors revealed he defrauded real estate and cryptocurrency investors out of over $2 million, using fake businesses and false promises to fund a Ponzi-style scheme while portraying himself as a crypto expert. The post Crypto Influencer T.J. Stone Sentenced to 45 Months for Fraud appeared first on Cryptonews.

general-iconGeneral
Negative
cover-imageCointelegraph
March 14, 2025

New MassJacker malware targets piracy users, steals crypto

A previously unknown type of cryptojacking malware called MassJacker is targeting piracy users and hijacking crypto transactions by replacing stored addresses, according to a March 10 report from CyberArk.The cryptojacking malware originates from the website pesktop[dot]com, where users seeking to download pirated software may unknowingly infect their devices with the MassJacker malware. After the malware is installed, the infection swaps out crypto addresses stored on the clipboard application for addresses controlled by the attacker.

general-iconGeneral
Neutral
cover-imageYahoo Finance
March 14, 2025

Crypto investors need to tolerate a 30% drawdown and hold long-term: Adviser

Cryptocurrency experienced significant volatility recently, with bitcoin (BTC-USD) rising past $100,000 in December, only to fall back to $76,000, and now trading around $83,000. Tyrone Ross, principal and founder of 401 Financial, joins Catalysts host Madison Mills to discuss the importance of long-term investing and the role of regulation in shaping the future of the crypto market.

general-iconGeneral
Neutral
cover-imageCryptopolitan
March 14, 2025

David Sacks dumped $200M in crypto before taking White House role

David Sacks sold over $200 million in crypto investments before stepping into his role as the Trump administration's AI and crypto czar, according to a March 5 White House memo. The document revealed that $85 million of those assets were personally owned by David, while the rest were liquidated through his firm, Craft Ventures.

general-iconGeneral
Negative
cover-imageCryptoSlate
March 14, 2025

Argentina introduces new regulatory framework for stringent crypto oversight

Argentina's Comisión Nacional de Valores (CNV) has introduced new regulations for virtual asset service providers (PSAVs), requiring them to comply with registration, cybersecurity, anti-money laundering, and asset custody standards to ensure transparency and consumer protection in the crypto sector. The regulatory framework — dubbed Resolution No.

general-iconGeneral
Negative
cover-imageCryptonews
March 14, 2025

California Man John Khuu Sentenced to Over 7 Years for Crypto Money Laundering Scheme

California man John Khuu was sentenced to over seven years in federal prison for laundering drug trafficking proceeds through crypto. Authorities say he used dark web markets to sell illegal drugs, accepting crypto payments before converting them to cash through multiple transactions and accounts. The post California Man John Khuu Sentenced to Over 7 Years for Crypto Money Laundering Scheme appeared first on Cryptonews.

general-iconGeneral
Positive
cover-imagePYMNTS
March 14, 2025

PayNation Launches Crypto-Payment Portal for B2B Payments

PayNation said Friday (March 14) that its new Crypto-Payment Portal is available now to facilitate B2B payments. “With its built-in speed, security and transparency, cryptocurrency provides businesses with an efficient way to process larger transactions more quickly and at a lower cost,” PayNation CEO Perryn Holtrop said in a Friday press release.

general-iconGeneral
Neutral
cover-imageCryptonews
March 14, 2025

Weekly Crypto Regulation News Roundup: GENIUS Act, Trump's Crypto Reserve, Binance Lands $2B Investment, and More

This week's crypto regulation news covers major developments, including the U.S. Senate's approval of the GENIUS Act, scrutiny over Trump's crypto reserve proposal, Binance's $2B investment, and OKX's new MiFID II license. Explore the shifting regulatory landscape impacting digital assets worldwide. The post Weekly Crypto Regulation News Roundup: GENIUS Act, Trump's Crypto Reserve, Binance Lands $2B Investment, and More appeared first on Cryptonews.

general-iconGeneral
Negative
cover-imageCointelegraph
March 14, 2025

Crypto Biz: Is Trump intentionally crashing the market?

The odds of a recession are rising, markets are crashing and President Donald Trump is forging ahead with tariffs.This volatile playbook is eerily similar to Trump's first term, which started with a bang before giving way to one of the biggest bull markets in recent history. However, this time, Trump seems to have dropped the stock market as one of his favorite barometers of success, opting instead to focus on the long-term health of the US economy.

general-iconGeneral
Positive
cover-imageCointelegraph
March 14, 2025

‘Scale or fail': RLNC technology can boost Web3 adoption — MIT Professor

After 15 years of research at the Massachusetts Institute of Technology (MIT), Random Linear Network Coding (RLNC) is ready for commercialization in the Web3 industry, according to Muriel Médard, an MIT professor and founder of blockchain infrastructure developer Optimum.Optimum emerged from stealth on Feb. 28 as a decentralized memory infrastructure that can be utilized by any blockchain seeking to bring scalability to Web3. It utilizes the RLNC technology that was first formulated by Professor Médard.

general-iconGeneral
Negative
cover-imageCointelegraph
March 14, 2025

Crypto influencer sentenced to 45 months in prison for wire fraud

Thomas John Sfraga, also known as “TJ Stone,” received 45 months in prison for wire fraud and was ordered to pay more than $1.3 million in forfeiture as part of a scheme targeting crypto investors.In a March 14 notice, the US Justice Department said Sfraga was sentenced in the US District Court for the Eastern District of New York (EDNY) for wire fraud following a May 2024 guilty plea. Court filings stated that the influencer and podcaster claimed he was the owner of businesses — including Vandelay Contracting, a name based on a running joke from the television series Seinfeld — and the emcee of many crypto events in New York City.

general-iconGeneral
Positive
cover-imageCrypto Economy
March 14, 2025

Wall Street's Crypto Sentiment Shifts: From Doubt to Major Investment

TL;DR Wall Street has changed its stance towards cryptocurrencies, driven by the support of the Trump administration and the willingness of major financial institutions. Trump has confirmed the creation of a strategic Bitcoin reserve, which has contributed to its acceptance within the traditional financial system.

general-iconGeneral
Positive
cover-imageCryptonews
March 14, 2025

Brazil to Explore Blockchain for BRICS Cross-Border Trade: Report

Brazil is spearheading a blockchain initiative within BRICS to improve cross-border trade efficiency. Moving away from common currency plans, the initiative prioritizes speed, transparency, and regulatory oversight, with projects like Drex and Pix shaping Brazil's digital payment landscape. The post Brazil to Explore Blockchain for BRICS Cross-Border Trade: Report appeared first on Cryptonews.

general-iconGeneral
Negative
cover-imageCointribune
March 14, 2025

The Pump.fun Ecosystem Loses 99% Of Its Memecoins In Four Weeks

The craze for memecoins on the Pump.fun platform is drastically fading. The survival rate of tokens has fallen below 1% for four consecutive weeks, reflecting a growing disinterest from investors in this type of speculative asset.

general-iconGeneral
Negative
cover-imageNewsBTC
March 14, 2025

Crypto Faces Uncertain Future As Trump's ‘Short-Term Pain' Plan Unfolds

US President Trump's outspoken acceptance of near-term economic hardship has placed risk assets—including Bitcoin (BTC) and the broader crypto market—under mounting pressure. According to a thread by The Kobeissi Letter on X, President Trump's strategy revolves around tolerating significant “short term pain” in order to drive down inflation and facilitate the refinancing of over $9 trillion in US debt.

general-iconGeneral
Neutral
cover-imageCointelegraph
March 14, 2025

Argentina finalizes rules for virtual asset providers

Argentina's securities regulator has finalized rules for virtual asset service providers (VASPs), which cover general codes of conduct and custody requirements for cryptocurrency exchanges and other platforms facilitating digital asset transactions. The regulations were published on March 13 by the National Securities Commission, also known as CNV, under General Resolution No.

general-iconGeneral
Positive
cover-imageInvezz
March 14, 2025

New DeFi crypto with over 5,500 holders set to achieve 2,600% ROI

Mutuum Finance (MUTM) is rapidly gaining investor confidence, with over 5,500 holders already securing their tokens ahead of its expected surge. With a decentralized lending model and strong demand in the presale, MUTM is positioned for significant growth. The token is still available at $0.

general-iconGeneral
Positive
cover-imageCrypto Economy
March 14, 2025

Crypto Market Soars as Consumer Sentiment Plunges and Inflation Fears Hit 32-Year High

TL;DR Bitcoin and Ethereum lead the surge as inflation fears hit traditional markets, highlighting the value of cryptocurrencies as financial safe havens. Consumer confidence dropped to its lowest level in two years, while inflation fear reached its highest point in 32 years, driven by tariffs and uncertain economic policies.

general-iconGeneral
Positive
cover-imageCrypto Briefing
March 14, 2025

Rising stablecoin supply signals crypto's bull run isn't over yet

The growing stablecoin supply suggests increased market liquidity and potential for continued crypto market expansion and trading activity. The post Rising stablecoin supply signals crypto's bull run isn't over yet appeared first on Crypto Briefing.

general-iconGeneral
Negative
cover-imageCrypto Economy
March 14, 2025

FTX Creditors Take a Hit as Court Grants 3AC's Billion-Dollar Claim

TL;dR A bankruptcy court in the U.S. approved the expansion of Three Arrows Capital's (3AC) claim against FTX, increasing the amount from $120 million to $1.53 billion. Judge John Dorsey dismissed FTX's objections, considering that 3AC's liquidators provided sufficient evidence and gave proper notice regarding the claim.

general-iconGeneral
Positive
cover-imageCryptoSlate
March 14, 2025

Three Arrows Capital wins court approval to expand FTX claim to $1.53B

A US bankruptcy court has ruled in favor of Three Arrows Capital (3AC), allowing the failed crypto hedge fund to increase its claim against the collapsed exchange FTX to $1.53 billion. This decision significantly raises the initial $120 million claim sought by 3AC's liquidators.

general-iconGeneral
Positive
cover-imageCoindesk
March 14, 2025

How Citi is Implementing Real Blockchain Solutions

Citi's Global Head of Digital Assets, Ryan Rugg, reveals how the banking giant is already moving millions in real value through tokenized deposits on a private version of Ethereum, bringing 24/7 infrastructure to enterprise clients across global markets. In this interview, Rugg also discusses the regulatory hurdles that must be overcome before connecting to public blockchains.

general-iconGeneral
Positive
cover-imageCointelegraph
March 14, 2025

Bolivia to use crypto to pay for energy imports — Report

Bolivia's state-owned energy firm YPFB is planning to use cryptocurrency to pay for energy imports, according to a March 13 report from Reuters. The move comes as the South American nation faces a shortage of foreign currency reserves and a dwindling supply of domestic gas production.A spokesperson for YPFB said that a system had been put in place to use cryptocurrency to purchase energy imports after the government approved the use of digital assets to meet the country's demand.

general-iconGeneral
Positive
cover-imageTheNewsCrypto
March 14, 2025

Brazil Prioritizes Crypto for BRICS Cross-Border Trade

BRICS explores blockchain and crypto to reduce reliance on the US dollar in trade. Brazil leads a blockchain-based payment initiative, while Russia already uses crypto for transactions.

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