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86-year-old to pay $14M after admitting to running crypto Ponzi scheme

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Prosecutors only sought a five-year probation sentence for crypto schemer David Kagel because of his age and ailing health.

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Coin Market

WEMIX says attacker moved about $724,000 after contract breach

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WEMIX suspended bridges, liquidity-pool trading and several services after an attacker compromised a WEMIX$-linked contract and moved 724,198 USDC.e.

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CFTC issues second warning to prediction markets on cookie-cutter self-certifications

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For the second time this year, the regulator told prediction markets to stop issuing overly broad, template-style certifications of events contracts.

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Russia’s Sberbank to launch crypto trading infrastructure this year

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Russia’s biggest bank plans to create cryptocurrency trading infrastructure by Dec. 1 as the country is set to establish rules for market participants while allowing crypto assets to be used in foreign trade operations.

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