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The article discusses how Changpeng Zhao, founder of Binance, received a pardon from Donald Trump after pleading guilty to money-laundering violations, highlighting a trend of leniency towards financial criminals during Trump's presidency. It critiques the framing of Zhao's pardon as a crypto-related issue, emphasizing Trump's broader ideological commitment to absolving fraudsters and scammers. The article also notes the historical context of pardons for white-collar criminals compared to other offenses.
Revolut has obtained a Markets in Crypto-Assets (MiCA) license from the Cyprus Securities and Exchange Commission, allowing it to provide regulated cryptocurrency services across the European Economic Area. This move supports its plans to enhance its crypto offerings, including the launch of an upgraded platform with numerous tokens and zero-fee staking. The Cyprus hub will serve as a central point for its operations as MiCA regulations come into effect in the EU.
Benjamin Wallace's book, 'The Mysterious Mr. Nakamoto,' explores the elusive identity of bitcoin's creator, Satoshi Nakamoto, while acknowledging the challenge of definitively identifying him. The author examines various candidates, particularly Hal Finney, and highlights the original libertarian ideals behind bitcoin, contrasting them with its current status as a financial asset.
North Korean hackers have reportedly stolen over $2 billion in cryptocurrency in 2025, surpassing previous records, according to blockchain analysis firm Elliptic. The majority of these hacks have involved social engineering tactics rather than exploiting technical vulnerabilities, marking a significant shift in the approach of these cybercriminals. The stolen funds are believed to be used to support the regime's nuclear weapons program.
A crypto trader who profited $190 million by shorting the market before a tariff announcement is now believed to have made another $56,522 by betting on President Trump's pardon of Binance founder Changpeng Zhao. While some speculate insider knowledge due to the timing of the trades, others argue that the pardon was widely anticipated in the crypto community.