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Georgia Man Sentenced to Prison for Cryptocurrency Computer Fraud


Steven Drawdy, 40, of Grovetown, Georgia, has been sentenced to 32 months in U.S. prison for wire fraud after defrauding over 40 customers in a cryptocurrency computer scheme. Drawdy, who participated in an online cryptocurrency discussion forum, received more than $1.1 million from victims between...

Washington Regulator Warns of Miami Equity Fund 005 Crypto Fraud


The Washington State Department of Financial Institutions (DFI), Securities Division, has warned about crypto investment fraud following a complaint from a resident regarding their investment in the Miami Foundation Equity Fund 005 (or Miami Equity Fund Institute 005). The investor had deposited...

2.91 Million ETH Held by 9 Ethereum ETFs: A Reserve Overview


Although the data for Thursday’s ether exchange-traded fund (ETF) performance, concerning inflows and outflows, remains incomplete, it is evident that trade volume was marginally lower than the first two days. The funds currently hold slightly over $9 billion in ether, with about 2.91...

Skybridge Founder: Kamala Harris Open-Minded About Crypto


Anthony Scaramucci, founder of Skybridge Capital, believes that U.S. Vice President Kamala Harris is open-minded about crypto. Criticizing the narrative that her administration is hostile toward cryptocurrency, he predicted that SEC Chair Gary Gensler will be fired and Senator Elizabeth Warren will...

Ripple CEO: Kamala Harris Could Reset US Crypto Regulation


Ripple CEO Brad Garlinghouse believes that U.S. Vice President Kamala Harris “has an incredible opportunity to provide a reset on critical issues for U.S. competitiveness (like crypto regulation).” He noted that she is no stranger to Silicon Valley. Moreover, he cautioned against making...

Justin Sun Mocks Kamala Harris With Made-up Campaign Slogan


Justin Sun, the founder of the Tron cryptocurrency ecosystem, mocked the current U.S. Vice President and favorite to be designated as the Democratic candidate for the U.S. presidency, Kamala Harris. He joked about a possible slogan for her upcoming campaign. Sun mixed the well-known “Make...

FCA Fines Coinbase $4.5M for Onboarding ‘High-Risk’ Customer


FCA has fined prominent cryptocurrency exchange Coinbase’s United Kingdom arm $4.5M for breaching a voluntary agreement related to user onboarding. CB Payments Ltd. (CBPL), is an e-money institution and payments processor tied to United States Coinbase (COIN). Coinbase in trouble with UK regulators...

MARA Adopts ‘Full HODL Strategy,’ Surpasses 20,000 BTC Holdings


Marathon Digital Holdings, now known as MARA, has announced a strategic shift to hold all its bitcoin, pushing its current holdings beyond 20,000 BTC. The company has also made a $100 million purchase of bitcoin as part of its new treasury policy. Marathon Digital Rebrands to MARA, Boosts Bitcoin...

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