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In what is a major move for both countries, the United Arab Emirates (UAE) has committed to a 10-year investment framework in the United States worth $1.4 trillion after meeting with US President Donald Trump, according to White House officials. Indeed, the financial commitment came after both sides met earlier this week. Moreover, the Trump administration Crypto Czar, David Sacks, met with senior UAE officials Friday to discuss both the digital asset industry and AI. Alternatively, the deal will see financial investments increase in the US and is expected to provide a massive boost to the economy. JUST IN: UAE commits to 10-year, $1.4 trillion investment framework in the United States after meeting with President Trump. — Watcher.Guru (@WatcherGuru) March 21, 2025 Also Read: Ripple Gains DFSA Approval: Crypto Payments Now Legal in UAE UAE Commits $1.4 Trillion US Investment Into AI Infrastructure, Manufacturing, and More Taking to Truth Social earlier this week, Donald Trump announce...

Fairshake PAC has raised more funds than any other Super PAC for the 2024 cycle, according to Federal Election Commission data compiled by OpenSecrets. The Fairshake PAC has raised nearly $203 million, edging out the Make America Great Again Inc. Super-PAC, which has raised approximately $201 million. The Super PAC has so far spent approximately $14.5 million, with the vast majority — around $10 million — spent against Katie Porter when she was running for Senate. This group has received broad support from the crypto ind US try, led by Coinbase, which has committed over $45 million to the organization, with an additional $1 million from Brian Armstrong , the chief exec and founder of Coinbase. Ripple has also committed $45 million, and $44 million has come from Ben Horowitz and Marc Andreessen, named partners for Andreessen Horowitz. While these firms have led the fundraising for this firm, they have been joined by many others, including Jump, Kraken, Circle, Parad...

Jump Crypto has fallen from grace. Despite its best efforts to distance itself from Sam Bankman-Fried following the spectacular collapse of FTX , Jump had unfortunate ties to his fraudulent empire that the CFTC might now be investigating. As Michael Lewis documented in his book Going Infinite, Jump was one the largest market-makers on FTX and lost at least $300 million during its collapse. The firm, along with FTX Founder Sam Bankman-Fried, supported Solana and in the most expensive private bail-out in crypto history, funded Solana‘s then-largest interblockchain asset bridge, Wormhole. Fortune reported on June 20 that the US Commodity Futures Trading Commission (CFTC) is investigating Jump, but didn’t provide details about the nature of its inquiries. On June 24, Bloomberg reported that Jump president Kanav Kariya stepped down. The CFTC hasn’t sued Jump nor commented on its investigation and it’s important to remember that the existence of an investigation isn...

Canadian authorities are petitioning courts to force QuadrigaCX co- found er Michael Patryn to explain how he came to be in possession of 45 gold bars, a diamond-studded Rolex watch, and more than $250,000 in cash. As reported by Bloomberg, the Director of Civil Forfeiture in British Columbia has asked for a court order that would force Patryn to explain the assets which were seized in June 2021 two years after Quadriga’s collapse. A 2020 investigation concluded that the exchange’s 2019 implosion was caused by fraudulent activity committed by the exchange’s other founder, Gerry Cotten. Cotten died in mysterious circumstances while on his honeymoon in 2018. The probe also found that Patryn cut ties with QuadrigaCX after 2016 before the majority of the fraudulent activity took place . However, according to the most recent filing, chat records from 2014 and 2015 appear to show the founders discussing how they could appropriate customer funds and make it look as though Patryn had l...

Academics at the University of Texas claim to have traced over $75 billion of crypto flows linked to social engineering scams known as ‘pig butchering.’ However, blockchain forensics expert Taylor Monahan suspects that this figure is inflated by “a few orders of magnitude.” Metamask’s Monahan, a longstanding figure in the crypto community known for her recent painstaking on-chain tracing of the Lazarus Group, has specifically raised concerns over the study’s methodology. I keep getting sent this paper on Pig Butchering and, yes, I've read it numerous times now. The finer details and some of the tracing methodology within are…okay. But the big takeaways—and especially the $75.3 billion dollar number—are fully fucking absurd. pic.twitter.com/8klgC3B8bc — Tay (@tayvano_) March 11, 2024 Read more: North Korean group Lazarus behind $70M crypto exchange attacks, report Monahan s US pects that the authors have double-counted funds and misinterpreted some of the addres...

Crypto Twitter is speculating that former FTX chief Sam Bankman-Fried (SBF) could be cooperating with the Department of Justice (DoJ) on a number of current and pending crypto-related investigations. The rumor mill went into overdrive when SBF was seen — and photographed — walking near the office of the Southern District New York DoJ. The curly-haired ex-billionaire is currently under house arrest and is only allowed to venture outside to meet with his attorney or the authorities. Given that it’s highly unusual for defendants to meet with prosecutors, for many, the only logical explanation (if he’s not meeting his own lawyers) is that he’s likely turned state’s evidence. Even before the photographs hit Twitter, s US picions had been aro US ed when attorneys filed new documents relating to an ongoing case that was launched by several investors against Bitfinex and Tether. Hey there little fella @SBF_FTX What are you up to bud? pic.twitter.com/EbcBSi16ZF — Arbitra...

A New York man has been arrested for allegedly orchestrating a multimillion-dollar cryptocurrency fraud and money laundering scheme just months after his son was arrested for his role in the same plot. Sixty-year-old Eugene William Austin, JR. — known as Hugh Austin — was arrested on July 5, charged with one count each of conspiracy to commit interstate transportation of stolen property, conspiracy to commit money laundering, and conspiracy to commit wire fraud, the Department of Justice (DoJ) announced on Wednesday.  His son, Brandon P. A US tin, was arrested and pleaded guilty to money laundering on April 13 as part of the duo’s scheme. It’s alleged that the pair took out loans with no intention of paying them back, offered marketing services without carrying them out, and acted as crypto brokers while pocketing investors’ cash. It’s also claimed they spent $10 million in stolen funds on lavish hotels and personal expenses . Read more: How wire fraud...

US federal prosecutors dropped five charges against disgraced FTX founder Sam Bankman-Fried (SBF) late on Wednesday, but plan to re-add them once they’re approved in the Bahamas. These five charges , which were added after SBF was extradited to the US from the Bahamas , include bank fraud, operating an unlicensed money transmitting b US iness, and bribing Chinese officials with $40 million to unfreeze accounts of his trading firm, Alameda Research. Usually, prosecutors are limited in adding new charges after a defendant has been extradited. SBF’s lawyers have been arguing for their dismissal on the grounds that it violated the extradition process. US prosecutors say that the charges will only be re-added once the Bahamas government authorizes them. However, on Tuesday, a Bahamas judge ruled in favor of SBF, granting him permission to challenge the inclusion of the new charges in local court. It could take months for the issue to be resolved there — and it’s not certain that...

Founded in 1998, Google is an American, multinational technology company that focuses on several areas, including search engines, cloud computing, and more. Allegations against Google have surfaced every now and then, and it has been under scrutiny from US and EU regulators. Read more: Silver Golub & Teitell LLP Files Class Action Lawsuit Against Digital Currency Group and Barry Silbert Antitr US t laws in the US are in place to regulate the conduct of b US iness operations to prevent anticompetitive behavior. According to the details in the latest court document, the US J US tice Department filed a lawsuit against Google on Tuesday. The lawsuit is based on grounds of allegations that the tech giant ab US ed its dominance in the digital advertising b US iness. J US T IN: 🇺🇸 US government files antitr US t lawsuit against Google $GOOGL. — Watcher.Guru (@WatcherGuru) January 24, 2023 The lawsuit is the second antitrust complaint against Goo...