Russia arrests Blum co-founder Vladimir Smerkis on fraud charges

Russia arrests Blum co-founder Vladimir Smerkis on fraud charges

The co-founder of Telegram-based crypto project Blum, Vladimir Smerkis, is in custody in Moscow over accusations that he committed large-scale fraud, TASS reports. Vladimir Smerkis, a co-founder of the Telegram-based crypto project Blum, has reportedly been arrested in Moscow, Russia, on fraud allegations, amid Blum confirming he is no longer affiliated with the project. The…

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Russia arrests Blum co-founder Vladimir Smerkis on fraud charges

Russia arrests Blum co-founder Vladimir Smerkis on fraud charges

The co-founder of Telegram-based crypto project Blum, Vladimir Smerkis, is in custody in Moscow over accusations that he committed large-scale fraud, TASS reports. Vladimir Smerkis, a co-founder of the Telegram-based crypto project Blum, has reportedly been arrested in Moscow, Russia, on fraud allegations, amid Blum confirming he is no longer affiliated with the project. The…

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Moody's downgrades US credit rating due to rising debt

Moody's downgrades US credit rating due to rising debt

Rising debt and no concrete plans to reduce government spending are the primary drivers behind the reduced credit assessment for the US. Moody’s credit rating agency downgraded the credit rating of the United States government from Aaa to Aa1, citing the rising national debt as the primary driver behind the reduction in creditworthiness. According to…

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Everstake defends non-custodial staking as SEC weighs industry input

Everstake defends non-custodial staking as SEC weighs industry input

Everstake met with the SEC’s Crypto Task Force to argue that non-custodial staking is a technical process, not a securities transaction. The US Securities and Exchange Commission (SEC) has held discussions with Everstake, one of the largest non-custodial staking providers globally, to explore clearer regulatory definitions around staking in blockchain networks. The meeting, which also…

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