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Author: Assad Jafri

CSAO region becomes global crypto hub with India, Singapore, and Indonesia leading the charge – Chainalysis

The Central and Southern Asia and Oceania (CSAO) region accounted for $750 billion in crypto inflows between July 2023 and June 2024, making it one of the largest crypto markets globally. According to Chainalysis’ 2024 Geography of Cryptocurrency report, the region represents 16.6% of global crypto value received…

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Congressional hearing on DeFi reveals deep partisan divide over regulatory approach

A House hearing on DeFi highlighted deep divisions between lawmakers. Democrats pushed for stricter regulation to protect consumers from scams, while Republicans advocated for a light-touch approach to encourage innovation. The session, aimed at examining the potential benefits and dangers of DeFi, saw Rep. Maxine Waters (D-CA) raise alarms over former President Donald Trump and

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US government disputes ex-FTX exec Ryan Salame’s bid to undo guilty plea

The US government has pushed back against former FTX executive Ryan Salame’s attempt to void his guilty plea, which he claims was based on false promises from prosecutors regarding their investigation into his partner Michelle Bond. In a recent filing, the US Attorney’s Office called Salame’s allegations “demonstrably false,” emphasizing that the charges against Bond

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Bitcoin Fog founder argues 30-year sentence ‘vastly exceeds’ similar cases

Roman Sterlingov, the man behind the crypto mixer Bitcoin Fog, is contesting a potential 30-year prison sentence following his conviction on several money laundering charges. In a 37-page sentencing memorandum submitted to the US District Court for the District of Columbia, Sterlingov’s defense team contends that the recommended sentences of 30 and 20 years by

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