Crypto News

Jesse Pollak (@pollak) unveils Base, a layer-2 solution for Ethereum. Expanded team from 3 to 250, hitting 2.27M transactions in March. Base scales Ethereum to 400 TPS. #Crypto #Updates

Bill Guan, CFO of The Epoch Times, faces charges for allegedly laundering $67 million via crypto, according to an indictment unsealed on Jun. 3. Guan is accused of conspiring with the “Make Money Online” team to launder illicit funds through cryptocurrency, involving fraudulent unemployment insurance claims. U.S. Attorney Damian Williams noted that Guan allegedly lied about the origins of the funds to banks, claiming they were donations. The Department of Justice reports that The Epoch Times saw a 410% revenue increase during the scheme, from $15 million to $62 million. Guan faces severe penalties: one count of conspiracy to commit… Read More »Crypto Scandal: Epoch Times CFO Faces $67M Charges

Kaspa’s native token, KAS, surged 20%, nearing an all-time high. This spike follows a June 3 post by trader Christian Ludwig, who identified potential catalysts for Kaspa reaching $1. Kaspa is designed for high-performance and scalable blockchain solutions. It uses the GhostDAG protocol, which enhances transaction speeds and eliminates orphan blocks. With a 200% increase in trading volume and an 18% price jump in the past 24 hours, KAS now ranks 26th globally. The token’s market cap stands at $4.09 billion. Kaspa’s hashrate, while lower than Bitcoin’s, is significantly higher than Ethereum Classic’s, making it more secure. The total supply… Read More »Kaspa Soars 20%, Nears All-Time High

Keith Gill, aka Roaring Kitty, may face an E*Trade ban amid allegations of manipulating GameStop ($GME) stock, earning $85.5M. SEC and Massachusetts regulators are investigating. #StockMarket #Updates

This week, Dorian Batycka commemorates the 100-year anniversary of Franz Kafka’s death in a piece exploring “Kafkaesque” moments in the crypto world. The article draws parallels between Kafka’s themes of existential anxiety and the chaotic realm of cryptocurrency. Wojak, the quintessential crypto trader, mirrors Kafka’s “A Hunger Artist,” depicting obsession and eventual disillusionment. Similarly, Satoshi Nakamoto is likened to Joseph K. from Kafka’s “The Trial” and “The Castle,” highlighting the opaque and baffling nature of crypto regulations. A standout feature is the paradox of cryptocurrency: designed to bypass traditional financial systems, yet increasingly entangled with regulatory frameworks. This conflict exemplifies… Read More »Crypto’s Kafkaesque Reality: A Deep Dive Opinion

Noah Perlman, Binance’s Chief Compliance Officer, discussed the ongoing legal battle involving Binance executive Tigran Gambaryan and the Nigerian government. Perlman expressed uncertainty about resolving the situation soon, as Gambaryan remains detained in Nigeria since his arrest in February. Gambaryan, a former IRS employee, is suspected of having malaria but has not been transferred to a hospital despite court orders. The Nigerian government has charged him and another Binance executive, Nadeem Anjarwalla, with tax evasion. Perlman emphasized Binance’s willingness to cooperate with authorities and resolve any past issues. The arrest of Gambaryan and Anjarwalla highlights the significant challenges cryptocurrency companies… Read More »Executive Stranded in Nigeria: Unclear Roadmap for Return

In June 2024, over $660M in tokens will be unlocked, impacting the crypto market. $APT, $ARB, $STRK, and $OP account for 55.4% of this value. #CryptoNews #Updates