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A Samourai Wallet developer was sentenced Thursday to five years in prison for operating a crypto mixing service prosecutors say laundered $237 million in illicit funds. Keonne Rodriguez, the CEO of Samourai Wallet, received the statutory maximum from U.S. District Judge Denise Cote of the Southern District of New York, following an hour-long hearing in Manhattan, according to journalist Frank Corva. Fellow developer William Lonergan Hill, the company’s CTO, is scheduled to be sentenced Friday. Rodriguez and Hill were arrested in April 2024 and charged with conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business.…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum’s price has fallen below $3,400 for the first time since August, but large investors appear to have turned this correction into a buying opportunity. Data shows that whales have been accumulating vast amounts of ETH within a short window. The accumulation coincides with Ethereum recording a new network throughput milestone, which adds further strength to the argument that the cryptocurrency is still solid even during the price weakness. Whales Scoop Up $1.12 Billion Worth Of ETH In 48 Hours Data from the on-chain analytics platform Lookonchain…
In brief AI models can develop gambling-like addiction behaviors, with some going bankrupt 48% of the time. Prompt engineering tends to make things worse. Researchers identified specific neural circuits linked to risky decisions, showing AI often prioritizes rewards before considering risks. Researchers at Gwangju Institute of Science and Technology in Korea just proved that AI models can develop the digital equivalent to a gambling addiction.A new study put four major language models through a simulated slot machine with a negative expected value and watched them spiral into bankruptcy at alarming rates. When given variable betting options and told to “maximize…
San Diego, CA, Nov. 06, 2025 — Roundtable and RYVYL Inc. (NASDAQ: RVYL) today announced that legendary Web3 investor Aly Madhavji has agreed to join the soon-to-be-merged company as Chief Financial Officer (CFO), bridging his unique background of traditional finance credentials with deep relationships and experience managing over 200 blockchain infrastructure technology investments. As CFO, Madhavji will help guide Roundtable’s continued rise through the merger process and NASDAQ listing, while connecting the dynamic blockchain investment community with Roundtable. Current RYVYL CFO George Oliva upon completion of the merger will transition to the role of Chief Accounting Officer for the merged entity. Madhavji’s financial credentials…
In brief Trading app Robinhood’s SVP of finance and strategy Shiv Verma said that the company is “constantly” talking about buying Bitcoin with its spare cash. Over 200 publicly traded companies have adopted the digital asset treasury strategy. Some experts have warned it’s risky; Verma said buying crypto for a company’s balance sheet has “pros and cons.” Trading app Robinhood is weighing whether to put Bitcoin on its balance sheet, the company’s Senior Vice President of Finance and Strategy Shiv Verma said. Speaking Wednesday following its quarterly earnings call, Verma said that buying Bitcoin and other cryptocurrencies with spare cash has…
In brief MyPrize’s social gaming app will now feature Crypto.com prediction market contracts, joining distributors like Hollywood.com and Trump Media in the rapidly growing $2 billion+ weekly trading volume industry. The deal reflects the convergence of social platforms and financial markets, as Crypto.com makes use of its CFTC-regulated derivatives exchange license to expand prediction market distribution. Similar distribution deals are proliferating across the industry, with Kalshi joining with Robinhood and FanDuel launching its own prediction market app through CME. Social gaming app MyPrize is taking a punt on prediction markets, signing a distribution deal with crypto exchange Crypto.com’s North American…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin has entered a turbulent phase marked by sharp selling pressure and heightened volatility, leading some analysts to label the current correction as a capitulation event. Across the market, investors are realizing losses, while overleveraged traders continue to face liquidation cascades as Bitcoin struggles to find a stable footing. Despite the ongoing drawdown, however, fresh capital continues to enter the market, suggesting that not all players are retreating. According to CryptoQuant, over the past 30 days, approximately $5.4 billion in cash has flowed into the market. This…