Crypto News
Ukraine War Profiteers Get 13 Years for $7.3 Million Crypto Money Laundering
The two men were part of a gang that tried to exploit demand in Ukraine for vans and lorries as part of the war effort.Source link
Bitcoin ETFs Lose $109 Million in Monday Slump
Bitcoin ETFs kicked off the week deep in the red, logging a $109 million outflow and extending the bleed to a third straight trading day. Meanwhile, Ether ETFs recorded no activity, marking a rare day of total trading silence. Bitcoin ETF Outflows Stretch to Day Three as Ether Funds Go Silent The new week beganSource link
Rootstock Prepares to Release SDKs for Bitcoin Layer 2s Using BitVMX
One of the oldest Bitcoin ecosystem projects is moving to the next stage of enabling developers to build layer-2 networks using its computational layer. Rootstock is one of many projects currently advancing the goal of bringing greater utility and interoperability to Bitcoin, which it is doing using "BitVMX", a modified version of the BitVM programming language.Rootstock's project is weeks away from releasing software development kits (SDKs), allowing developers to start producing their own Bitcoin layer-2s using BitVMX, founder Sergio Lerner told CoinDesk.SDKs are sets of tools enabling third-parties to build applications using a particular platform or framework."We are very close to having all the pieces ready for people to start building their own solutions on top of BitVMX," Lerner said...
DOJ Will Shutter Crypto Unit, Back Off Services Like Tornado Cash
In a memo, the agency said it will no longer pursue criminal charges against crypto exchanges, mixing services, or holders of cold wallets in most cases.Source link
DOJ Axes Crypto Unit as Trump’s Regulatory Pullback Continues
The U.S. Department of Justice (DOJ) axed its crypto unit on Monday, telling staff that the DOJ would be “narrowing” its crypto enforcement activities in accordance with U.S. President Donald Trump’s January executive order on digital assets, which pledged to establish “regulatory clarity and certainty” for the crypto industry.In his four-page memo to staff titled “Ending Regulation by Prosecution,” U.S. Deputy Attorney General Todd Blanche announced that the National Cryptocurrency Enforcement Team (NCET) — created in 2022 under then-President Joe Biden — would be “disbanded effective immediately.”“The Department of Justice is not a digital assets regulator,” Blanche wrote in the memo seen by CoinDesk. “However, the prior Administration used the Justice Department to pursue a reckless strategy of regulation by prosecution,...