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New York Cracks Down on Crypto Pyramid Schemes Targeting Immigrants


New York Attorney General Letitia James has sued Novatechfx, AWS Mining, and their founders for orchestrating crypto pyramid schemes that defrauded over 11,000 New Yorkers out of more than a billion dollars in cryptocurrency. These companies targeted vulnerable immigrant communities, particularly...

Court Strikes Down SEC’s Private Fund Regulation, Citing Overreach


The U.S. Securities and Exchange Commission (SEC) has lost another court case. On June 5, the 5th U.S. Circuit Court of Appeals overturned the SEC’s Private Fund Adviser rule, which was designed to enhance transparency within the nearly $27 trillion private fund industry. The court found that...

Texas Regulator Orders Arkbit Crypto Mining To Shut Down


A phoney Arkbit cryptocurrency cloud mining enterprise has suffered a significant setback at the hands of the Texas State Securities Board. A cease-and-desist order was issued by the SEC on May 28 against Arkbit Capital for allegedly using dishonest tactics to commit an investment fraud. The post...

Helldivers 2 Is Facing A Numbers Problem


Helldivers 2 is crashing back down to Earth. After a meteoric ascent, and a lengthy tenure at the very top of the live-service market, Arrowhead Game Studios’ player count for its cooperative third-person shooter has been in an extended free fall the last several weeks. Now, player counts...

Paraguay Cracks Down on Illegal Bitcoin Mining: Over 550 Miners Seized


Paraguayan authorities have intensified their efforts to fight illegal bitcoin mining, using innovative techniques including artificial intelligence (AI) and its distribution systems to detect these activities. In less than a week, two new illegal bitcoin mining operations have been closed with...

What’s Happening In Crypto Today? Daily Crypto News Digest


In crypto news today: Why is crypto down today? Elixir Games Acquires RoboKiden and Partners with Ava Labs Spark Launches Stablecoin Savings Solution on Gnosis Chain The post What’s Happening In Crypto Today? Daily Crypto News Digest appeared first on Cryptonews

Fed Survey Finds 7% of US Adults Using Crypto, Down from Previous Years


The number of United States adults reporting cryptocurrency ownership or usage has seen a significant decline, according to the latest annual household survey conducted by the Federal Reserve.  The post Fed Survey Finds 7% of US Adults Using Crypto, Down from Previous Years appeared first...

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