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Associate Professor Rejects Alleged Link Between Nigerian Currency Depreciation and Crypto Trading
6.6.2024
Nigeria’s decision to halt naira trading on cryptocurrency exchanges is likely to worsen matters for its volatile currency,” an associate professor at the University of East London has argued. The associate professor said Nigeria can effectively regulate the cryptocurrency industry through...
Former FTX Exec Ryan Salame Gets 7.5 Years In Prison
28.5.2024
Former FTX executive and Sam Bankman-Fried associate Ryan Salame has been sentenced to 7.5 years in prison for criminal charges stemming from his time at the crypto exchange following a Tuesday morning hearing at Manhattan federal court.
The post Former FTX Exec Ryan Salame Gets 7.5 Years In Prison...
Canadian ‘Crypto King’ and Associate Arrested for Alleged $29.4M Investor Fraud
16.5.2024
Two Ontario men, one of whom is a self-described “Crypto King,” have been arrested and charged with fraud. They allegedly received over C$40m ($29.4m) from investors.
The post Canadian ‘Crypto King’ and Associate Arrested for Alleged $29.4M Investor Fraud appeared first on Cryptonews
Canada’s ‘Crypto King’ and Associate Arrested, Charged With Fraud in Alleged $30M Ponzi Scheme
16.5.2024
Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD – in a crypto and foreign exchange investment scheme
Iris-Scanning Worldcoin Token Gets Malaysian Regulator’s Nod
15.5.2024
Malaysia-based Cuscapi's associate company MX Global received the approval from Malaysia regulator, to facilitate trading of WLD token.
The post Iris-Scanning Worldcoin Token Gets Malaysian Regulator’s Nod appeared first on Cryptonews
NFT Artist Ryder Ripps Must Dish Out $9M to Yuga Labs
5.2.2024
NFT artist Ryder Ripps and associate Jeremy Cahen must pay Bored Ape Yacht Club (BAYC) developer Yuga Labs nearly $9m in profit disgorgement. Both have been permanently banned from using the BAYC identifier in any logos or trademarks, a final court judgment on Friday showed. Additionally,...
U.S. Financial Services Committee to Discuss “Illicit Activity in Digital Assets” at Wednesday Hearing
13.11.2023
The Financial Services Committee is holding a hearing on Wednesday, November 15th, to discuss “illicit activity in digital assets,” including money laundering, terrorist financing, and the role of law enforcement in crypto crime. Witnesses include Senior Counsel and Director of Global Regulatory...
‘I Won’t Tell if You Don’t’ — SEC Unearths Alleged Scheme by Do Kwon to Fabricate Terra Transactions
1.10.2023
In the wake of the U.S. Securities and Exchange Commission’s (SEC) call to depose Terraform Labs creator and former CEO Do Kwon, the SEC unveiled an alleged exchange between him and his former associate Daniel Shin. The ex-Terra boss reportedly claimed he could fabricate transactions on...
Former Three Arrows Capital Executive Su Zhu Arrested in Singapore
29.9.2023
Su Zhu, a founding member of the now-insolvent Three Arrows Capital, was apprehended in Singapore at Changi Airport on Friday, as per the firm’s liquidator, Teneo. Zhu received a four-month prison sentence for failing to cooperate in the bankruptcy proceedings, Teneo revealed. Crackdown...
Co-Founder of Russia’s Largest Crypto Pyramid Finiko Arrested in UAE
18.11.2022
One of the founders of Russia’s most notorious Ponzi scheme in recent times, Finiko, is in detention in the United Arab Emirates, according to a Russian media report. The close associate of the crypto pyramid’s mastermind left the Russian Federation as the scam collapsed last summer....
Report: South Korean Prosecutors Accuse Do Kwon of Manipulating LUNA’s Market Price
3.11.2022
On Thursday, Nov. 3, 2022, local reports from South Korea disclosed that Korean prosecutors have allegedly discovered evidence that shows Do Kwon and an associate manipulated the price of LUNA, Terra’s native crypto token. The report further says South Korean prosecutors believe Kwon is hiding...
Snoop Dogg Associate Joins Gala Music Board, Death Row Records Steps Closer to Blockchain Commitment
8.10.2022
After the rap star Snoop Dogg acquired Death Row Records in February, the hip-hop legend explained that he would transform Death Row into a non-fungible token (NFT) label backed by blockchain technology. On Thursday, Snoop’s brand partnership manager Nick Adler joined a newly-created Gala...
Disclosures Show Shopify’s CEO Bought $3M Worth of Coinbase Shares During the Past 2 Months
4.10.2022
Public records show that Shopify’s CEO Tobias Lütke has purchased close to $3 million in Coinbase shares during the last 60 days. Lütke became a Coinbase board member last February and because he is a Coinbase associate, he’s required by law to submit his trades to the U.S....
SEC Fines John McAfee’s Associate $375K in Penalties for ICO Promotions
16.7.2022
According to a Securities and Exchange Commission (SEC) judgment, Jimmy Gale Watson, a former associate of the now deceased John McAfee, has been fined for being paid to promote pump and dump-fashioned initial coin offerings (ICOs). The SEC has ruled that Watson must pay roughly $375K in penalties...
MatrixETF to Associate With Chainlink for Its ETF Products
24.9.2021
MatrixETF is a decentralized ETF platform. It aims to deliver a decentralized, computerized, customized, and diversified portfolio to users, enabling them to enjoy long-term, stable, and efficient financial services. The DAO community drives MatrixETF. It is available on multiple public chain...
IRS Will Seize Cryptocurrencies From Investors to Settle Tax Debts, Official Warns
14.5.2021
An official of the U.S. Internal Revenue Service (IRS) has clarified that the agency is prepared to seize cryptocurrencies and sell them to satisfy tax collection if taxpayers fail to meet their tax obligations. Robert Wearing, IRS’ deputy associate chief counsel for Procedure &...
John McAfee’s Bodyguard Pleads Not Guilty in the $13M Crypto Fraud Case
25.3.2021
The legal tussle between the U.S. authorities and John McAfee continues as his associate Jimmy Watson has entered a plea. The former antivirus tycoon’s bodyguard has pleaded not guilty to the alleged cryptocurrency fraud case. McAfee and Watson Jr. Are Accused of Having Built a ‘Pump...
John McAfee Indicted by DOJ Over Alleged Cryptocurrency Fraud Charges
6.3.2021
Tech entrepreneur and former anti-virus tycoon John McAfee has been indicted by the U.S. Department of Justice (DoJ) on money laundering and fraud charges. The United States Attorney for the Southern District of New York and the FBI unsealed the indictment charging McAfee and his associate Jimmy...
Spotify Looking for Associate Director to Lead Activity on Libra Project, Other Crypto Efforts
4.12.2020
The world's largest audio streaming service is on the hunt for a new associate director to lead its activity within the Libra stablecoin project
Jeffrey Epstein Confidant Ghislaine Maxwell’s Last Reddit Post Was About Bitcoin
8.7.2020
The cryptocurrency community has been discussing the infamous Ghislaine Maxwell, the associate of the financier and convicted sex offender Jeffrey Epstein. Maxwell was recently arrested and many speculators think she may see the same fate as Epstein before she talks. Moreover, it seems the last...