The founder of the collapsed crypto platform Celsius has been sentenced to 12 years behind bars. Alexander Mashinsky was initially arrested in July 2023 on charges of violating securities law by the U.S. Securities and Exchange Commission (SEC). In December 2024, he pleaded guilty to a multi-billion-dollar crypto fraud. The Department of Justice (DOJ) said Mashinsky falsely represented Celsius as a safe and secure platform and exaggerated its potential for profitability, greatly inflating its user base. After Mashinky’s lawyers asked for a lenient , one-year sentence earlier this week, the former Celsius CEO was handed a 12-year sentence by the courts yesterday, according to a US Attorney’s Office press release. Said US Attorney Jay Clayton in a statement: “ Alexander Mashinsky targeted retail investors with promises that he would keep their ‘digital assets’ safer than a bank, when in fact he used those assets to place risky bets and to line his own pockets. In the end, Mashinsky made tens of millions of dollars while his customers lost billions. America’s investors deserve better. The case for tokenization and the use of digital assets is strong but it is not a license to deceive. The rules against fraud still apply, and the SDNY (Southern District of New York) will hold those who flout them accountable for their crimes.” According to Reuters, Mashinky’s representatives have not yet commented on the ruling. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/zeber The post Founder of Crypto Lending Platform Celsius Sentenced to 12 Years in Prison for Fraud appeared first on The Daily Hodl .
Coinbase’s recent acquisition of Deribit marks a significant milestone in the crypto derivatives market, setting the stage for 24/7 trading convenience. With the introduction of round-the-clock futures trading for Bitcoin
The resurgence of Solana meme coins has captured attention, with viral tokens experiencing substantial gains amidst a broader market rebound. In recent days, Bitcoin has surpassed the $100,000 mark, while
Taiwan legislator Ko Ju-Chun has advocated for the inclusion of Bitcoin as a strategic reserve asset for the country. He emphasized Bitcoin's fixed supply, decentralization, and resistance to seizure as key attributes that make it a suitable hedge for Taiwan's export-driven economy, particularly amid rising geopolitical risks. Ko Ju-Chun suggested that Bitcoin should be held alongside traditional reserves such as gold and foreign exchange to enhance the resilience and adaptability of Taiwan's financial system. He described Bitcoin as "the gunpowder of the digital era," highlighting its potential strategic importance. This move reflects a broader trend in Asia toward preparing for digital asset integration in national financial strategies. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
The exchange on Thursday said it was buying options exchange Deribit.
VP Vance's endorsement of Bitcoin at a major conference signals growing political acceptance and potential policy shifts towards cryptocurrency. The post VP JD Vance joins 2025 Bitcoin Conference as featured speaker appeared first on Crypto Briefing .
BTC hits $104k, first time $100k since Feb 7. ETH pumps 25%+ after Pectra upgrade. ETH turned deflationary again with Pectra. $800m shorts liquidated in 24 hours. BTC dominance may have peaked: Raoul Pal. Missouri to fully exempt tax on crypto gains. GENIUS Act fails to pass Senate vote. Strategy to release ‘Bitcoin Standard Model’. Strategy stock at YTD highs. Fidelity actively pitching BTC to CEOs. StanChart says BTC $120k target may be too low. Ripple SEC case is now finally closed. Meta in talks to create & deploy stablecoins. Coinbase to acquire Deribit for $2.9bn. Coinbase earnings miss expectations. Superstate to bring tokenised stocks to Solana. Celsius founder given 12 years in prison for fraud. Ramp plans corporate stablecoin-backed cards.
BlackRock, one of the world's largest asset management companies, held an important meeting with the US Securities and Exchange Commission's (SEC) Crypto Task Force on May 9. During the meeting, issues such as staking practices, tokenization of securities, approval standards for crypto exchange-traded funds (ETFs) and defining option transactions for these ETFs were discussed. BlackRock, which requested the meeting, introduced its digital asset product portfolio by making a presentation to SEC officials. The company's products such as IBIT (Bitcoin ETF), ETHA (Ethereum ETF) and BlackRock USD Institutional Digital Liquidity Fund (BUIDL) were evaluated in light of market developments. Related News: Binance and Trump Crisis in the US Senate: Here are the Details BlackRock also shared its views on the regulatory framework for staking and how staking-enabled ETPs (Exchange Traded Products) could be developed, as well as regulatory expectations and potential steps towards the tokenization of securities. Another focus of the meeting was the criteria required for approval of cryptocurrency ETPs. BlackRock consulted with the SEC on issues such as how to meet the qualification requirements under Section 6(b) of the Securities Exchange Act and the establishment of an interim regulatory framework. Finally, options trading for crypto ETPs was discussed, where technical details such as position limits, usage limits, and liquidity thresholds of the underlying assets were evaluated. *This is not investment advice. Continue Reading: BREAKING: BlackRock Meets with SEC, Discusses Cryptocurrencies – Here Are the Details
Coinbase has made waves in the cryptocurrency market by launching 24/7 leveraged Bitcoin and Ethereum futures trading, establishing itself as the first CFTC-regulated exchange to do so. This significant move
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