March 13, 2026 8:32 pm EDT
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The Algorand Foundation has reduced its workforce by 25% amid market uncertainty, even as the SEC clarified ALGO’s status as a digital commodity. The move reflects a strategic reset rather than a retreat from long-term growth.
Layoffs Hit Algorand as Market Pressures Collide With Regulatory
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Los Angeles Rideshare Driver Arrested for Allegedly Fraudulently Obtaining $2 Million COVID Loan to Purchase Cryptocurrency
Los Angeles rideshare driver Bruce Choi has been arrested on suspicion of defrauding $2 million in pandemic relief loans and using the funds to purchase cryptocurrency. Choi fabricated companies to apply for loans, and prosecutors have charged him with wire fraud and money laundering. If convicted, he faces serious penalties.
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Prediction Market Platform Kalshi's Monthly Revenue Exceeds $110 Million, Faces Arizona Criminal Gambling Charges
Kalshi Faces Arizona Criminal Gambling Charges, Monthly Revenue Exceeds $110 Million. Despite the company arguing that its contracts are federally regulated, the state contends that these contracts resemble traditional gambling. Legal battles are unfolding in multiple states, regulatory uncertainty is intensifying, while the CFTC is considering new regulations.
GateNews2h ago
Paraguay Holds Anti-Crime Seminar Focusing on Cryptocurrency Applications in Organized Crime and Regulatory Responses
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Husband accuses wife of stealing over 2,000 bitcoins! Judge: The plaintiff has a very high chance of winning.
The UK High Court is hearing a Bitcoin theft case in which the plaintiff accuses his wife of stealing 2,323 bitcoins and covertly recording the seed phrase through surveillance equipment. The court found the evidence disadvantageous to the defendant, including recordings and seized devices. While some claims were dismissed, the plaintiff has a very high probability of success, and the court will maintain the asset freeze order.
区块客3h ago
UK Man Accuses Ex-Wife of Stealing 2323 BTC After Divorce, Worth Approximately $238 Million
Gate News reported that on March 19, a man accused his ex-wife of stealing over 2323 bitcoins from his wallet after their divorce and transferring them to a place he cannot access, with the assets involved valued at up to 180 million pounds (approximately 238 million US dollars). Plaintiff Ping Fai Yuen has filed a lawsuit against his ex-wife Fun Yung Li at the London court over this matter. According to London court ruling documents published on March 10, since the litigation was initiated, the bitcoins involved in the case have been valued at up to 180 million pounds.
GateNews3h ago
