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SEC Files Fraud Charges Against Texas-Based Geosyn Mining and Its Co-Founders
The U.S. Securities and Exchange Commission (SEC) has announced the filing of charges against Geosyn Mining, LLC, a Texas-based crypto asset mining and hosting company, and its co-founders, Caleb Ward (CEO) and Jeremy McNutt (former COO). The charges are based on allegedly engaging in an unregistered and fraudulent securities offering. The complaint, filed in the......
Shiba Inu Team Makes Major Shibarium Announcement
Shiba Inu, the second-largest meme coin, has announced a significant upgrade to its Shibarium network. The upcoming hard fork is set to go live on May 2nd. The team stated in a tweet thread that the upcoming changes aim to improve the user experience, empower the developer and innovator communities, and unlock the platform's next-level......
Consensys Files Lawsuit Against SEC, Seeks Clarity on Ethereum’s Status
Consensys, a prominent backer of the Ethereum blockchain, has filed a lawsuit against the SEC in a Texas federal court. On Thursday, Consensys initiated legal action to preempt an impending SEC lawsuit over features of its popular MetaMask wallet. Additionally, the lawsuit seeks a court ruling on the issue of whether Ethereum (ETH) should be......
🥛 Meme NFTs are selling for millions 💰
Today's placement is brought to you by Mood – where you can order THC as easy as ordering groceries. Try now and get 20% off!GM. This is the Milk Road, your daily dive into the pool of crypto.Here’s what we got for you today:Meme NFTs are selling for big money 💰Is this the end of the......
CryptoPunk NFT 635 Sells for $12.41 Million (4,000 ETH)
CryptoPunk #635, one of the rare "AlienPunks" from the iconic CryptoPunks NFT collection, has sold for 4,000 ETH. The sale was worth $12.41 million at the time of the sale. The transaction, which took place on April 25, marks the sixth-most expensive CryptoPunk sale to date, according to the CryptoPunks sales platform. Key points: CryptoPunk......
Former Binance CEO Changpeng Zhao Pens Apology Letter to U.S. Judge
In a letter addressed to U.S. District Judge Richard A. Jones of the Western District of Washington, Changpeng Zhao, the former CEO of Binance apologized for his "poor decisions" and accepted full responsibility for his actions. The letter, filed on Tuesday, comes as Zhao awaits sentencing for his role in enabling Binance to violate federal......
🥛 Should the U.S. put its budget on the blockchain? 👀
Today’s edition is brought to you by Cross Finance – the brainy bunch mixing banking with blockchain like peanut butter and jelly, all with their snazzy L1 blockchain, dApps, and payment card.Jump into the whirlwind of change on CoinList's testnet, where developers and users alike can join the fun!*GM. This is the Milk Road. A......
Tether to Freeze Wallets Linked to Sanctions Evasion in Venezuela’s Oil Industry
Tether, the issuer of stablecoin USDT, has recently announced that it will freeze wallets that are using the digital currency to circumvent sanctions on oil exports in Venezuela. The decision comes in response to a report revealing that Venezuela's state-run oil company, PDVSA, has increased its use of Tether following the U.S. government's reimposition of......
Central Bank of Nigeria To Freeze Bank Accounts Linked With Binance, Bybit, KuCoin
The Central Bank of Nigeria (CBN) has issued a new directive requiring all banks and financial institutions in the country to identify individuals or entities engaging in transactions with cryptocurrency exchanges. The circular also requires the bank to place their accounts under a Post No Debit (PND) instruction for a period of six months. Key......
Binance Founder Changpeng Zhao Should Face 3-Year Prison Sentence: DOJ
The U.S. Department of Justice (DOJ) has recommended that Changpeng "CZ" Zhao, the founder and former CEO of Binance, spend three years in prison. The DOJ recommended a 3-year prison sentence for Zhao due to his role in enabling the cryptocurrency exchange to violate federal sanctions and money laundering laws. In a sentencing memo filed......
