#crypto

As the UK heads toward an election, the cryptocurrency industry is expressing support for the Labour Party, which leads in all the polls. However, there is uncertainty about what policies to expect, as Labour has not been in power since 2010, a time when Bitcoin was just emerging.

Australia has enforced new online gambling regulations that ban the use of cryptocurrencies for betting. This restriction also applies to credit cards connected to crypto wallets.

Elliptic, the analytical company, has released a report on the application of AI in crypto asset crimes.

Juan Tacuri has pleaded guilty to promoting the Forcount crypto Ponzi scheme and misleading investors.

Vitalik Buterin has voiced his displeasure with the "celebrity experiments of this cycle," commenting on Chris Burniske's post regarding the MOTHER token, launched by rapper Iggy Azalea on May 28.

Amanda Pritchard, the Chief Executive Officer of NHS England, has noted a significant rise in the number of people seeking help for issues related to cryptocurrency betting and trading.

Robinhood has entered into an official agreement to acquire the global cryptocurrency exchange Bitstamp. This deal will enable the platform to offer cryptocurrency trading services outside the U.S., as Bitstamp holds over 50 active licenses and registrations worldwide.

The U.S. Securities and Exchange Commission (SEC) will close its regional office in Salt Lake City, and two of its attorneys have resigned. This decision follows the regulator's defeat in court against the mining company Digital Licensing and its DEBT Box project, which began in July 2023.

Polygon Labs, a crypto company, has acquired the research platform Toposware, which aided developers in creating Polygon Type-1 — a project allowing any EVM network to become an L2 blockchain with zero-knowledge (ZK) proof. The deal is estimated to be worth between $30 million and $50 million, according to various sources.

A federal court in Brooklyn has sentenced former investment banker Rashawn Russell to 41 months in prison for his involvement in a cryptocurrency fraud scheme and identity theft. Investors suffered losses of approximately $1.5 million, which Russell must now repay.