Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop
Tag:

custody

Senate Probe Uncovers Allegations of Widespread Abuse in ICE Custody
Gaming Gear

Senate Probe Uncovers Allegations of Widespread Abuse in ICE Custody

by admin August 19, 2025


A United States Senate investigation has identified more than 500 credible reports of human rights abuses in US immigration detention since January, including alarming allegations of mistreatment of pregnant women and children.

As of late last month, the investigation—led by US senator Jon Ossoff, a Democrat of Georgia—had unearthed 41 cases of physical and sexual abuse; 14 involving pregnant detainees and 18 involving children.

The accounts of abuse span facilities in 25 states and include Puerto Rico, US military bases, and charter deportation flights. Among the most harrowing: a pregnant woman reportedly bled for days before being taken to a hospital, only to miscarry alone without medical attention. Others described being forced to sleep on the floor or denied meals and medical exams. Attorneys reported that their clients’ prenatal checkups were canceled for weeks at a time.

Children as young as 2 were also subjected to neglect. One US citizen child with severe medical needs was hospitalized multiple times while in Customs and Border Protection custody, where an officer allegedly dismissed her mother’s pleas for help by telling her to “just give the girl a cracker.” Another child recovering from brain surgery was reportedly denied follow-up care, and a 4-year-old undergoing cancer treatment was deported without access to doctors.

The Senate investigation found most abuse reports at detention centers in Texas, Georgia, and California, spanning both facilities run by the Department of Homeland Security and federal prisons used under Immigration and Customs Enforcement (ICE) agreements. The findings are based on dozens of witness interviews, Ossoff’s office says, including detainees, family members, attorneys, correctional staff, law enforcement, doctors and nurses, as well as site inspections of detention centers in Texas and Georgia.

The report also cites corroborating news investigations and public records, drawing on sources such as WIRED, Miami Herald, NBC News, CNN, BBC, and regional outlets like Louisiana Illuminator and VT Digger.

Together, these sources formed the foundation of what the report describes as an “active and ongoing investigation” into systemic mistreatment of pregnant women and children in US custody.

ICE did not respond to WIRED’s request for comment.

A WIRED investigation published in late June focused on 911 calls from 10 of the nation’s largest ICE detention centers, and it revealed a pattern of medical crises ranging from pregnancy complications and suicide attempts to seizures, head injuries, and allegations of sexual assault. (WIRED shared its findings with Ossoff’s office upon request last month.)

Sources told WIRED that detention staff frequently failed to respond to urgent calls for help, including multiple cases in which pregnant women suffered serious complications or miscarriages without timely medical attention.

The Trump administration’s detention system is undergoing rapid expansion, with plans to more than double capacity to over 107,000 beds nationwide. New facilities are rising in West Texas, where a $232 million contract has funded a tent-style camp at Fort Bliss capable of holding up to 5,000 people; and in Indiana, where ICE struck a deal to house 1,000 detainees in the state prison system.

Florida’s so-called “Alligator Alcatraz” caged encampment has already drawn lawsuits over alleged human rights abuses and environmental damage, while critics warn that relying on military bases and remote rural prisons to absorb the surge strips detainees of due process and shields conditions from public scrutiny.

Civil rights groups and local advocates argue that the expansion cements a system already plagued by neglect, pointing to reports of miscarriages, untreated illness, and violence inside.

With contracts flowing to private prison companies and military facilities alike, the US is locking in the largest immigration detention network in the country’s history—an infrastructure that critics say is designed not only to hold migrants but to make their suffering invisible.



Source link

August 19, 2025 0 comments
0 FacebookTwitterPinterestEmail
Crypto.com secures $120m insurance for U.S. custody platform
Crypto Trends

Crypto.com secures $120m insurance for U.S. custody platform

by admin June 25, 2025



Crypto exchange Crypto.com has announced it secured $120 million in insurance coverage for digital assets held in Crypto.com Custody Trust, its U.S.-based solution.

The exchange said in an announcement that the $120 million insurance cover is arranged by Aon, a London-based insurance company. Aon worked with underwriters via Lloyd’s of London to assess Crypto.com’s risk management, the exchange wrote in a blog post.

Crypto.com Custody Trust Company offers crypto custody solutions for North American digital assets and institutions. The insurance plan aims to protect eligible assets and customers against crime and theft.

 “We built Crypto.com on a foundation of safety and security,” said Joe Anzures, president of Crypto.com Custody Trust Company. “Our insurance policy arranged by Aon for assets within Crypto.com Custody Trust Company is the latest example of our efforts to safeguard our customers and provide a best-in-class offering our clients can be reassured by.”

According to details, the insurance coverage includes the first quarter of 2025. Most of the insurance total, $100 million, is for physical loss, theft, or damage to customer assets in cold storage. Meanwhile, $20 million will cover potential crime-related incidents or third-party theft.

Crypto.com’s expansion

A recent report by CoinLaw indicates that comprehensive crypto insurance coverage by exchanges stands at only 22% as of 2025. The report notes that about 74% of insured exchanges opt for coverage against crime and cyberattacks, with a focus on protection from hacks.

Notably, insurance claims payouts tied to crypto exchange hacks between 2022 and 2024 totaled about $1.8 billion.

Crypto.com’s expansion in North America includes the opening of its new office in Washington D.C., with this move coming on the back of a positive shift in the U.S. regulatory landscape. The exchange is among the crypto companies that saw the Securities and Exchange Commission end its investigation against it amid a flurry of such closures.

Growth also saw Crypto.com recently  partner with Canary Capital Group to unveil the Canary CRO Trust, an investment product that provides regulated exposure to the Cronos (CRO) token.



Source link

June 25, 2025 0 comments
0 FacebookTwitterPinterestEmail
SEC Kills Proposed Crypto Custody And DeFi Rules
Crypto Trends

SEC Kills Proposed Crypto Custody And DeFi Rules

by admin June 13, 2025



The US Securities and Exchange Commission has rescinded a slate of rules the agency proposed under the Biden Administration, including two relating to crypto custody and exchanges.

The SEC said on Thursday that it was “withdrawing certain notices of proposed rulemaking” that were issued between March 2022 and November 2023 under former Chair Gary Gensler.

The agency added that it “does not intend to issue final rules with respect to these proposals,” and new rules will be proposed should it change its stance in future regulatory action. 

It’s President Donald Trump’s latest regulatory rollback, which has promised sweeping deregulation of crypto and traditional markets.

“Down goes 3b16, qualified custodian, and all the other unfinished Gensler rule proposals,” Coinbase chief legal officer Paul Grewal posted to X.

Source: Paul Grewal

Exchange definition rule nullified 

Among the 14 rules withdrawn by the SEC was Rule 3b-16, which would have expanded the definition of “exchange” to include decentralized finance protocols and tightened crypto custody standards for investment advisers.

The amendment defined certain terms used in the definition of “exchange” to include “systems that offer the use of non-firm trading interest and communication protocols to bring together buyers and sellers of securities.” 

The broad statement could have seen many decentralized finance (DeFi) protocols categorized as securities exchanges.

The SEC first published proposed amendments to Rule 3b-16 under the Exchange Act in March 2022.

Then-acting SEC chair Mark Uyeda proposed abandoning the rule change to expand the definition of “alternative trading systems” to include crypto firms in March. 

Crypto custody rule rescinded

The SEC also killed a rule proposed in March 2023 that would have upped custody requirements for crypto.

The SEC’s proposed Safeguarding Advisory Client Assets rule would have expanded existing Custody Rules under the Investment Advisers Act of 1940. It was broadly framed to apply to all client assets, but was particularly significant for crypto as it aimed to bring digital assets more explicitly under SEC custody requirements.

Investment firms would be required to hold all client assets, including crypto, with a “qualified custodian,” which typically meant regulated banks or broker-dealers.

Most crypto exchanges and wallet providers did not meet the definition of “qualified custodians,” which could have forced advisers to change providers or exit the space.

Related: CFTC’s Pham says it won’t give ‘easy street’ to anybody, crypto included

In March, Uyeda asked his staff to look at possibly withdrawing the proposed crypto custody rule. 

🚨 LATEST: The SEC officially withdraws multiple regulatory proposals including the expanded Custody Rule, Rule 3b-16 for DeFi exchanges, and enhanced ESG reporting requirements from the Gensler era. pic.twitter.com/V0jO3FKk8h

— Cointelegraph (@Cointelegraph) June 13, 2025

Other rules rescinded  

Other rules withdrawn by the regulator included cybersecurity risk management and reporting rules for investment advisers and funds, which had implications for crypto fund managers and digital asset custodians.

A rule for position reporting for large security-based swaps, potentially affecting entities with large crypto derivatives exposures, was also withdrawn.

The regulator also revoked its proposal to make public companies comply with enhanced ESG (environmental, social, and governance) reporting requirements.

Magazine: Elon Musk Dogecoin pump incoming? SOL tipped to hit $300 in 2025: Trade Secrets





Source link

June 13, 2025 0 comments
0 FacebookTwitterPinterestEmail
Spanish bank Cecabank partners with crypto exchange to offer trading, custody services to banks
Crypto Trends

Spanish bank Cecabank partners with crypto exchange to offer trading, custody services to banks

by admin May 26, 2025



Spanish bank Cecabank and crypto exchange Bit2Me to offer a crypto service for banks, pending approval from the Spanish securities regulator.

Spanish lender Cecabank and cryptocurrency exchange Bit2Me have teamed up to launch a MiCA-ready crypto platform for traditional financial institutions, technically ready but still awaiting a green light from Spain’s securities regulator.

In a Monday press release, the exchange said the platform includes crypto custody and RTO (reception and transmission of orders) services. While Bit2Me manages trading, market data, and custody for over 100 cryptocurrencies, Cecabank will provide regulatory support and banking infrastructure, the press release reads.

“With this alliance, Cecabank strengthens its roadmap as a reference provider of post-trade services in the digital asset space, reflecting our established role in FIAT custody.”

Aurora Cuadros, corporate director of securities services at Cecabank

The platform is meant to give European financial institutions a quicker, compliant way to enter the crypto market, with tools that can be adapted to each bank’s needs under MiCA rules, the companies say.

Cecabank isn’t alone in Spain’s banking sector exploring crypto as BBVA, the country’s second-largest bank by assets, plans to launch a new crypto trading service allowing customers to buy and manage Bitcoin and Ethereum. BBVA customers will be able to handle crypto transactions alongside their regular banking, with custody managed on the bank’s own platform, avoiding third-party providers.



Source link

May 26, 2025 0 comments
0 FacebookTwitterPinterestEmail

Categories

  • Crypto Trends (902)
  • Esports (683)
  • Game Reviews (634)
  • Game Updates (799)
  • GameFi Guides (896)
  • Gaming Gear (864)
  • NFT Gaming (878)
  • Product Reviews (852)
  • Uncategorized (1)

Recent Posts

  • Sony Is Raising The Price Of Every PlayStation 5 Model Tomorrow, August 21
  • The Google Pixel Watch 4 might look similar to its predecessor, but the changes under the hood could make a big difference
  • Black Ops 7 brings back wallrunning, and introduces an unusual endgame mode to the campaign
  • Rare Death Cross Threatens to Send Bitcoin Price Straight to $100,000
  • Nasdaq-Listed SoFi Taps Bitcoin Lightning for Remittances

Recent Posts

  • Sony Is Raising The Price Of Every PlayStation 5 Model Tomorrow, August 21

    August 20, 2025
  • The Google Pixel Watch 4 might look similar to its predecessor, but the changes under the hood could make a big difference

    August 20, 2025
  • Black Ops 7 brings back wallrunning, and introduces an unusual endgame mode to the campaign

    August 20, 2025
  • Rare Death Cross Threatens to Send Bitcoin Price Straight to $100,000

    August 20, 2025
  • Nasdaq-Listed SoFi Taps Bitcoin Lightning for Remittances

    August 20, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

About me

Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

Recent Posts

  • Sony Is Raising The Price Of Every PlayStation 5 Model Tomorrow, August 21

    August 20, 2025
  • The Google Pixel Watch 4 might look similar to its predecessor, but the changes under the hood could make a big difference

    August 20, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2025 laughinghyena- All Right Reserved. Designed and Developed by Pro


Back To Top
Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop

Shopping Cart

Close

No products in the cart.

Close