The Securities and Exchange Board of India’s (SEBI) suggestion was made to a “government panel” tasked with formulating policy for the finance ministry to consider, Reuters said, citing documents. It added that the panel could submit its report by June. Source
A former Management Trainee at Enterprise Rent-A-Car UK Limited (“Enterprise Rent-A-Car”) has been ordered to pay a fine after admitting he illegally obtained customer data between 18 March 2019 and 1 April 2019. Initial concerns were raised after Shairaz Saleem, 42, visited his workplace in West Yorkshire outside of his scheduled hours on Sunday 31 March 2019. An internal audit found he’d spent 32 minutes accessing 39 records of customer data in relation to 25 different rental branches. Following this, Enterprise Rent-A-Car conducted an internal investigation which found Saleem had…
“Tornado Cash does not pose any barrier for people with criminal assets who want to launder them,” according to the translated verdict seen by CoinDesk at the time. “That is why the court regards the defendant guilty of the money laundering activities as charged.” Source
The developers said the increased use of the Shibarium blockchain for transactions will result in a higher burn rate for the SHIB token, reducing supply. The SHIB price has risen 8.8% in the past 24 hours, in line with a broader market jump. The CoinDesk 20 Index (CD20), a measure of the wider crypto market, has rallied almost 7%. Source
“Self-managed super funds might just make a single allocation, set it and forget it,” O’Loghlen told Bloomberg. We are working on an offering to service those clients really well on a one-off basis—to have them trade with us and stay with us.” Source
Neel Somani, the founder and CEO of Eclipse Labs, stepped down after sexual assault allegations recently surfaced. Source
Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD – in a crypto and foreign exchange investment scheme. Source
MEV, which itself is controversial, can be a highly lucrative game dominated by automated bots that often comes at blockchain users’ expense, which is partially why so many in the crypto community have rushed to denounce the DOJ’s complaint. However, this is hardly a Robinhood situation, where two brothers, Anton and James Peraire-Bueno, of Bedford, Massachusetts, were stealing from the rich to give to the poor. Source
The thing to watch, he suggested, is if a lot of Democrats show up to support the bill. McHenry, who is set to retire at the end of the year, has made digital assets legislation a top priority for the end of his time on Capitol Hill. To that end, the House has recorded a number of recent cryptocurrency successes, from the passage of several relevant bills through McHenry’s committee to the advancement of a congressional effort to overturn Securities and Exchange Commission (SEC) crypto accounting policies. But chief among…
In this week’s issue, we’ve got the scoop on a new possible rival to restaking pioneer EigenLayer. PLUS Are meme coins an investable asset class? With the latest Runes data and $70M of project fundraisings. Source