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A self-proclaimed crypto expert who promised massive returns to investors has been sentenced to nearly four years in prison after defrauding victims out of more than $1.3 million. Thomas John Sfraga, better known as “TJ Stone,” was sentenced to 45 months in prison on March 14 by the U.S. District Court for the Eastern District

Circle, the issuer of USDC, is making a bold regulatory shift. The company announced on March 13 that it will bring its Hashnote Tokenized Money Market Fund (TMMF) under Bermuda’s Digital Assets Business Act (DABA) framework. This move falls under Circle’s existing Bermuda DABA license and aims to enhance compliance, transparency, and investor confidence. It

Latin America’s economic uncertainty is driving a surge in stablecoin adoption, with USDC and USDT becoming preferred financial safe havens. According to Bitso’s latest report, stablecoin purchases accounted for 39% of total crypto acquisitions on its platform in 2024, outpacing Bitcoin in some regions. With inflation skyrocketing and local currencies losing value, more individuals and

A crypto trader lost nearly 98% of their funds in a devastating sandwich attack while swapping stablecoins on March 12, highlighting the ongoing risks of trading on decentralized exchanges (DEXs). The attack, which exploited Maximum Extractable Value (MEV) tactics, resulted in the trader receiving just $5,271 USDT from an initial $220,764 USDC swap, while the

A massive Chainlink (LINK) sell-off by a whale has sparked fresh debate in the crypto market, raising concerns about investor sentiment. Despite the significant liquidation, LINK’s price has remained resilient, even posting slight gains. This latest development has traders questioning whether this is a routine profit-taking move or an early signal of an impending downturn.

A highly leveraged trade on Hyperliquid has sent shockwaves through the crypto trading community, forcing the decentralized exchange (DEX) to shoulder a staggering $4 million loss. The event, which saw a trader manipulate liquidity mechanics to walk away with $1.8 million, has reignited concerns over risk management in derivatives markets. Bybit CEO Ben Zhou weighed

In a potential shift in policy, Russia’s Central Bank has proposed a three-year experimental program allowing qualified investors to trade cryptocurrencies. The initiative, submitted to the Russian government for discussion, marks a significant yet cautious step toward digital asset adoption in a country that has long restricted crypto transactions. Under the proposal, only high-net-worth individuals

In a dramatic escalation of international crypto crime enforcement, Indian authorities have arrested Lithuanian national Aleksej Bešciokov, the alleged founder of the sanctioned cryptocurrency exchange Garantex. The arrest, carried out by India’s Central Bureau of Investigation (CBI) in Kerala, comes at the request of United States authorities, who are seeking Bešciokov’s extradition on multiple financial

Ethereum’s struggles are deepening, with ETH dropping more than 53% from its December 2024 peak of $4,100. Now trading at $1856, the second-largest cryptocurrency faces mounting pressures from ETF outflows, rising operating costs, and macroeconomic uncertainty. Analysts warn that if selling pressure persists, Ether could retest the critical $1,800 support level a move that would