Author: CryptooTimes

The Federal Bureau of Investigation (FBI) has arrested a dark web narcotics marketplace owner after tracking illicit crypto transfers. Rui-Siang Lin, a 23-year-old Taiwan resident, was found guilty of operating a $100 million dark web narcotics marketplace.  Known online as “Pharoah,” Lin was arrested on May 18 at the John F. Kennedy Airport in New York. He operated the ‘Incognito Market’ for approximately four years and reaped “millions of dollars in personal profits,” FBI Assistant Director in Charge James Smith said in the official statement. The illicit platform, one of the largest platforms of its kind, was an onion-based e-commerce…

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ripple sees a slight surge as its lawsuit nears conclusion, while experts predict Wormhole could reach $1.11 by June, and Rebel Satoshi’s RBLZ emerges as a top contender. As the SEC-Ripple case nears an end, the SEC contests Ripple’s claims in its closing brief. Amid debates over XRP’s status, investors eye Rebel Satoshi‘s cryptocurrency ICO. Let’s get the latest on these two top crypto projects. SEC files final response in Ripple suit In the ongoing legal battle between the…

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Late Monday, Bloomberg’s ETF analysts increased the probability of the U.S. Securities and Exchange Commission (SEC) green lighting the spot ETH ETFs to 75% from 25%. Meanwhile, CoinDesk reported that the SEC had asked exchanges looking to list and trade potential spot ether ETFs to update 19b-4 filings on an accelerated basis, a sign of the regulator attempting to fast-track the process. Source link

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Galaxy Digital’s Alex Thorn suggests that the SEC might classify staked Ethereum as a security in a bid to find a loop to approve spot Ethereum ETF. The U.S. Securities and Exchange Commission (SEC) might make an eyebrow-raising turn regarding the approval of spot Ethereum exchange-traded funds (ETFs), according to Galaxy Digital head of research Alex Thorn. if the speculation about a 180 from SEC on the ethereum ETFs is true, i would guess they try to thread a needle between “ETH” NOT being a security and “staked ETH” (or even more flimsily, “staking as a service ETH”) as BEING…

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