Paxos, a leading crypto infrastructure provider, has agreed to a $48.5 million settlement with the New York Department of Financial Services (NYDFS) following allegations that the company failed to uphold robust anti-money laundering (AML) and Know Your Customer (KYC) standards in its partnership with Binance. The regulatory crackdown and subsequent penalty highlight intensifying scrutiny on…
The federal trial of Roman Storm, co-founder of the crypto mixing protocol Tornado Cash, entered a tense new phase this week as the jury reported continued deadlock after four days of deliberation. In a dramatic courtroom move, Judge Katherine Polk Failla delivered an Allen charge commonly called a “dynamite charge” urging jurors to reconsider their…
After more than a decade of failed attempts to retrieve a hard drive containing a fortune in Bitcoin, UK-based tech pioneer James Howells is finally pivoting away from his legendary Newport landfill quest. Instead, he’s channeling his lost 8,000 BTC now valued at over $900 million into the creation of a new DeFi project, repurposing…
