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Fake Crypto Fund Operator Pleads Guilty to Defrauding Investors


Michael Joseph McElhiney, age 37 and formerly of Spokane, Washington, has pleaded guilty to wire fraud, the U.S. Department of Justice (DOJ) announced on Wednesday. Between March 4, 2021, and Sept. 10, 2022, McElhiney defrauded investors by falsely claiming to operate a cryptocurrency investment...

Binance CEO Shares Key Tips for Investors Getting Into Crypto


Binance CEO Richard Teng has given some advice for investors interested in getting into cryptocurrency. He provided three key tips for starting a crypto journey. “Explore and constantly reassess your strategy” was one of the three pieces of advice the Binance executive gave....

RCO Finance sells 28 million RCOF tokens as investors dump WIF and BONK


Amidst the current crypto market’s volatility, RCO Finance has sold over 28 million RCOF tokens as investors increasingly divest from Dogwifhat (WIF) and BONK. Fueled by the current market fluctuation and the volatility of crypto market rules and regulations, investors are shifting their...

Washington State Regulator Warns Investors of Pig Butchering Crypto Scheme


The Washington State Department of Financial Institutions (DFI) issued a warning on Thursday after it received a complaint from a Washington investor about Fameex, now offline. The investor, a real estate agent, met scammer “Jackson Qie” via an unsolicited text. Qie convinced him...

Ripple Clarifies XRP Is Not a Security After New Court Ruling


Ripple’s chief legal officer has clarified that a California district judge has dismissed all allegations that Ripple violated federal securities laws. He stressed that District Judge Analisa Torres’ ruling regarding the non-security status of XRP “stands undisturbed.”...

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