Aleksandar Gilbert

Brooklyn

DeFi Correspondent at DL News

Reporter @DLNewsInfo. Priors: crypto @defiantnews, local government and education in the South @mdjonline and @ijindexjournal. New Yorker.

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Articles

BREAKING: Celsius’ Alex Mashinsky sentenced to 12 year prison term for fraud

1 week ago | dlnews.com | Aleksandar Gilbert

Court DispatchMashinsky rapidly built a crypto lending empire. It collapsed even faster in 2022 before the fall of FTX. A US judge rejected his plea for a light sentence. Alex Mashinsky, the former CEO of bankrupt crypto lender Celsius, received a 12 year prison sentence Thursday for his role in the company’s collapse in 2022. Judge John G.
BREAKING: Senate stablecoin bill fails to advance after Democrats balk at Trump’s crypto forays

1 week ago | dlnews.com | Aleksandar Gilbert |Edward Robinson

The Senate rejected advancing the Genius Act to the next stage of potential approval. Republicans failed to overcome Democratic resistance. President Donald Trump's crypto ventures loomed over Capitol Hill drama. In a major setback for crypto, the US Senate voted on Thursday to not advance a landmark stablecoin bill to potential passage after a number of Democrats balked at endorsing legislation they said would endanger consumers, the financial system, and national security.
How Ethereum will change after Pectra upgrade that just went live

1 week ago | dlnews.com | Aleksandar Gilbert

A major Ethereum upgrade, Pectra, went live on Wednesday. Pectra brings improvements to the user experience, layer 2 blockchains, and validators. “This is where Ethereum starts feeling like a modern network,” a contributor to Optimism said. Ethereum’s largest upgrade to date went live Wednesday morning, streamlining the blockchain’s clunky user experience, something long considered a barrier to mass adoption. The upgrade, dubbed Pectra, went live just after 10am London time on Wednesday.
Democrats storm out of hearing on crypto bill over Trump ‘corruption’

1 week ago | dlnews.com | Aleksandar Gilbert

House Democrats walked out of a Congressional hearing on crypto legislation Tuesday. They were protesting President Donald Trump’s crypto ventures. The outburst comes a day after House Republicans unveiled draft legislation that would create a framework for digital asset regulation. A rift over US crypto policy deepened Tuesday as several Democratic lawmakers walked out of a joint hearing between the House Financial Services and Agriculture committees.
Major Ethereum upgrade Pectra is almost here

1 week ago | dlnews.com | Aleksandar Gilbert

A version of this article appeared in our The Decentralised newsletter on May 6. Sign up here. GM, Aleks here. It’s that time of year. Another major Ethereum upgrade — codename: Pectra — will go live on Wednesday. By one measure, it’s Ethereum’s largest upgrade to date, containing more improvements than any prior hard fork. Stay ahead of the game with our weekly newslettersUnlike recent upgrades, however, it lacks a single headline feature.
Crypto legislation faces new Washington hurdle

1 week ago | dlnews.com | Aleksandar Gilbert

The Guidance The Genius Act is losing support from crypto-friendly Democrats in the US Senate. Bills in the Senate often fail to pass without a 60-vote supermajority. A version of this story appeared in our The Guidance newsletter on May 5. Sign up here. GM, Aleks here. Landmark stablecoin legislation has hit a snag in the US Senate. Over the weekend, several pro-crypto Democrats said they were pulling support for The Genius Act, a stablecoin bill moving rapidly through the Senate.
Crypto sees windfall in Apple payments pivot after 27% cut

1 week ago | dlnews.com | Aleksandar Gilbert

A federal judge struck down the “Apple tax” on Thursday. Apple has long insisted on taking a cut on purchases made within and outside iPhone applications. Crypto stands to benefit from the change. Crypto companies see a potential windfall after a federal judge on Thursday struck down the “Apple tax” — the tech giant’s policy of limiting user purchases made outside iPhone applications, where it takes a 30% cut.
Mango Markets exploiter Avi Eisenberg sentenced to four years on child exploitation material charge

2 weeks ago | dlnews.com | Aleksandar Gilbert

Avraham Eisenberg was sentenced to more than four years in prison Thursday for possessing child sexual abuse material. But a federal judge wants more time to consider his request for a new trial for his exploit of Mango Markets. Crypto trader Avraham “Avi” Eisenberg was sentenced to four years and four months in prison Thursday for possession of child sexual abuse material.
Tornado Cash prevails in court as judge bars new sanctions

2 weeks ago | dlnews.com | Aleksandar Gilbert

Tornado Cash has prevailed in a long-running legal battle over US sanctions. The US government cannot re-sanction the protocol, a judge ruled. Crypto privacy protocol Tornado Cash cannot be re-sanctioned by the US government. Tornado Cash users prevailed in a long-running lawsuit this week, when a federal judge in Texas granted their request that he bar the US government from re-sanctioning the protocol, as it had in 2022 due to its use by North Korean hackers.
Celsius ex-CEO Alex Mashinsky says he’s no Sam Bankman-Fried in bid for light sentence

2 weeks ago | dlnews.com | Aleksandar Gilbert

Special ReportThe former CEO of the crypto lender pleaded guilty to fraud. Prosecutors are seeking a 20-year prison term. Mashinsky's lawyers laid out detailed arguments for why he's nowhere near as bad as jailed FTX CEO. Lawyers for Alex Mashinsky insist the 59-year-old tech executive is no Sam Bankman-Fried. Federal prosecutors say otherwise. At stake is the fate of the co-founder of Celsius, the crypto lender that went bankrupt in 2022 not long after the collapse of Terra rocked the market.