China News Daily TheBitTimes.com

A Texas federal court judge ordered Frank Richard Ahlgren III and his associates to surrender all crypto private and public keys, accounts, and access codes. Frank Richard Ahlgren III was sentenced to two years in prison for tax fraud in December. As part of a court-issued restraining order, he was ordered to hand over his crypto and other wallet private keys and access codes. The Texas Bitcoin investor misreported capital gains from over $3.7 million in Bitcoin sales between 2017 and 2019, owing the US government approximately $1.1 million in restitution. On Jan. 6, Austin Federal Court Judge Robert Pitman ordered Ahlgren, along with his family, friends, and advocates, to identify and surrender any devices used to store his cryptocurrency, as well as any public keys, private keys, seed phrases, or passphrases. Pitman ordered all parties to identify all accounts related to Bitcoin, Bitcoin Cash, Litecoin, and Ether. He also prohibited the parties from transferring any of Ahlgren...

A new cryptocurrency startup has surged, already attracting $25 million from institutional capital in a ‘Seed A’ fundraising round. Tether led the round as a tier 2 investor and sided with three other venture capitalists (VCs) supporting the project. On February 5, Oobit (OBT) did its Seed A funding round that raised $25 million, according to data from CryptoRank . It was the largest cryptocurrency fundraising in February, which drew attention to the event. Notably, Tether appeared as the tier 2 investor for this round. Followed by tier 4 CMCC Global, tier 5 468 Capital, and the angel investor Anatoly Yanovenko. Together, they are the four Series-A investors deploying $25 million to Oobit. Oobit funding insights: Funding rounds – Seed A. Source: CryptoRank What is Oobit, and how to get exposure to the crypto startup? Smaller investors who want exposure to the startup can do that through its token OBT. The digital asset runs on Ethereum (ETH) and the BNB Chain (BNB), co...

Join Our Telegram channel to stay up to date on breaking news coverage As legislators consider new rules put forth by New York Attorney General Letitia James, crypto regulation may soon advance in the Empire State. The goal is to make a nascent industry look a bit more like Wall Street, at least in terms of how it’s overseen. The state has already established a reputation for having a comprehensive compliance structure under the New York State Department of Financial Services (DFS), which has regulated crypto companies under its BitLicense scheme since 2015. The legislation suggested by James would further bolster the DFS’s jurisdiction, the Office of the New York State Attorney General (OAG) said in a press statement, putting forth guidelines focusing on conflicts of interest, transparency, and investor protect ions. “The multi-billion-dollar industry lacks robust regulations,” it claimed, adding that the proposal puts forth the “strongest...