Author: Crypto Insider

A hospitality worker has reportedly been found guilty of money laundering in a United Kingdom specialized court for major fraud cases, following the discovery of $2.5 billion worth of Bitcoin in her possession. According to a recent BBC report, the Southwark Crown Court has found Jian Wen guilty of laundering money using Bitcoin to purchase “multi-million pound…

Ethereum scaling protocol Polygon has announced that its zero-knowledge Ethereum Virtual Machine (zkEVM) is currently experiencing downtime due to an issue with its blockchain sequencer. In a post on X, Polygon reassured its two million followers that the issue is confined to the zkEVM specifically and does not impact any other chain deployed using the Polygon chain…

A week on from the launch of Dencun, Ethereum’s latest update appears to be meeting expectations and, in some instances, surpassing them. Dencun launched on March 13 with the promise of ushering in a new era of faster and cheaper transactions. Ethereum has historically struggled to ratchet up the speed of its base layer in…

United States Securities and Exchange Commission (SEC) Chair Gary Gensler took aim at crypto industry participants, claiming some avoided registration requirements with the regulator. In a prepared speech released on March 22 for Columbia Law School, Gensler used his closing remarks to criticize crypto firms’ approach to regulatory oversight. The SEC chair spoke in favor of the benefits of…

Ether price faced a significant setback after encountering robust resistance at the $4,100 mark on March 12. Ether has seen a 9% decline over the past week, underperforming when compared to the broader cryptocurrency market, leading traders to speculate whether the current support level of $3,200 will hold. For context, the total cryptocurrency market capitalization fell…

Layerswap — a bridge between centralized crypto exchanges and layer-2 blockchains — regained access to its domain after a short-lived hijack drained roughly $100,000 of user funds. On March 20, at around 19:40 UTC, the layerswap.io domain was compromised, and users trying to access the service were redirected to a phishing website. Moments later, the hacker…