Latest posts
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MyTrade Founder Fined $10,000 Over Crypto Wash-Trading Scheme
MyTrade founder Liu Zhou has been fined $10,000 after admitting that his crypto market-making platform used automated bots to create fake trading activity. Federal prosecutors said the bots carried out wash trades involving around 60 cryptocurrencies. The transactions were designed to make tokens appear more active than they really were. Zhou pleaded guilty to conspiracy…
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Coinbase Loses Michigan Court Fight Over Sports Prediction Contracts
Coinbase Financial Markets has lost its request to temporarily stop Michigan officials from enforcing state sports betting laws against its event contracts. U.S. District Judge Shalina Kumar rejected Coinbase’s request for preliminary relief on Aug. 6. The decision does not end the case. Coinbase can still challenge Michigan’s position as the lawsuit moves forward. But…
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Thailand’s 0% Crypto Tax Rule Is Real, But It Comes With Conditions
Thailand’s crypto tax policy is getting fresh attention after Binance founder Changpeng Zhao highlighted the country’s rules again this week. That has led to a wave of posts calling Thailand a “0% crypto tax haven.” There is some truth behind the claim. But the reality is more limited. Thailand does offer a five-year tax exemption…
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Aztec Exploiter Sends Another 300 ETH to Tornado Cash
An Ethereum wallet linked to the Aztec Private Rollup Bridge exploit has moved another 300 ETH to Tornado Cash. The latest transfer was worth around $572,000 at the time of the transaction. It brings the total amount sent from the wallet to the mixer to 500 ETH, valued at about $953,000. The movements are linked…