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Lawyer Pleads Guilty in $9.5M Crypto Ponzi Scheme — Faces 5 Years in Prison
31.5.2024
David Kagel, a disbarred California attorney, pleaded guilty to orchestrating a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million. Kagel, 85, promised high returns through artificial intelligence trading bots and falsely claimed to hold $11 million in bitcoin to secure...
Companies in Two Capital Markets Reportedly in Negotiations to Implement Microstrategy’s Bitcoin Business Model
31.5.2024
Companies in two capital markets are looking to implement the business model that Microstrategy, led by entrepreneur Michael Saylor, pioneered in the U.S. According to David Bailey, CEO of Bitcoin Magazine, who denied one of these markets to be Korea, these operations are currently in...
Warren prods drug agencies about crypto links to fentanyl trade
31.5.2024
Senators Elizabeth Warren and William Cassidy say crypto has played an “increasingly prominent role” in the fentanyl industry
SEC Commissioner Proposes Joint US-UK Digital Securities Sandbox
31.5.2024
U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has proposed a joint US-UK digital securities sandbox. She noted that the U.S. and UK are ideally positioned for this initiative, emphasizing that this collaboration would benefit innovators, regulators, and consumers in both...
RFK Jr. latest to vow end to US crypto ‘hostility’
31.5.2024
Independent U.S. presidential bidder Robert F. Kennedy Jr. wants to keep America as “the hub of blockchain technology” and end laws driving companies abroad
Mt Gox not dumping Bitcoin just yet, Hong Kong boots out crypto exchanges: Asia Express
31.5.2024
Bitcoin markets are safe from a Mt Gox dump for now, Hong Kong to boot out unlicensed exchanges, Binance sells Gopax claims at rock bottom
How 1,500 new Bitcoin millionaires per day deal with getting rich
31.5.2024
Around 1,500 Bitcoin wallets top the million-dollar mark each day. How does your lifestyle and mindset change when you become a newly minted crypto millionaire?
Ripple's Brad Garlinghouse Foresees XRP, Solana, Cardano ETFs: Consensus 2024
31.5.2024
It's only a matter of time, the CEO of Ripple said on stage at Consensus 2024 in Austin
JPMorgan’s JPM Coin Sees Transactions ‘Explode’ With Programmability Features
31.5.2024
Global investment bank JPMorgan’s JPM Coin has seen a significant surge in transactions, according to Umar Farooq, head of Onyx by JP Morgan. During a session at the Consensus conference, Farooq stated, “We’ve seen the number of transactions explode by factors of 10, if not hundreds. Fewer...
Robert F. Kennedy Jr. on Trump's Guilty Verdict and Pro-Crypto Stance
31.5.2024
Former banker sentenced to 41 months for crypto fraud
30.5.2024
Rashawn Russell, a former Deutsche Bank executive, also intended to commit fraud with stolen bank cards
Elon Musk Says Crypto Can Shift Power From Government to the People, but Denies Discussing Crypto With Trump
30.5.2024
Tesla and Spacex CEO Elon Musk has debunked reports claiming that he advised former U.S. President Donald Trump on cryptocurrency. While stating that he is pretty sure he has not discussed crypto with Trump, Musk said crypto can “shift power from the government to the people,” and...
Everyone at Consensus 2024 Is Talking About Biden’s Crypto Flip Flop. Is He for Real?
30.5.2024
Attendees are cautious optimistic about apparent regulatory and legislative changes, though not everyone is convinced
US pro-crypto super PAC Fairshake gets $25M from Andreessen Horowitz
30.5.2024
The major contribution comes a day after the PAC received an equal amount from Ripple
$2.18 Billion Digital Assets in Kind Returned to Earn Users, Gemini Says
30.5.2024
Cryptocurrency exchange Gemini announced on Wednesday that Earn users have received $2.18 billion of their digital assets in kind, representing 97% of their assets owed and a 232% recovery since Genesis halted withdrawals. This recovery follows a settlement with Genesis and other creditors...
Sen. Warren Wants to Know How Drug Agencies Are Pursuing Crypto Ties to Fentanyl
30.5.2024
The Massachusetts Democrat called for answers from the U.S. drug agencies today on progress in the crackdown on drug traffickers' use of crypto
Bitcoin’s Scaling Dilemma: Binance Report Sheds Light on BTC’s Enhancement Hurdles
30.5.2024
Amidst the backdrop of this year’s skyrocketing BTC transaction fees and a congested network, the latest Binance Research report, “The Future of Bitcoin #3 – Scaling Bitcoin,” unveils several approaches to addressing Bitcoin scalability. As average onchain fees have...
Why It Matters Whether the CFTC Versus the SEC Regulates Crypto
30.5.2024
Shibarium’s New Checkpoint Mechanism Cuts Ethereum Bridging Time
30.5.2024
The Shiba Inu (SHIB) network development team has dramatically improved the Shibarium network, according to a post from the Shibarium network’s X account. The work reduces the token bridging time to Ethereum from seven days to roughly 45 minutes, aiming to enhance Shibarium’s operational efficiency...
New York sets customer service standards for virtual currency entities
30.5.2024
The BitLicense just got a little tougher with new mandatory standards for treating customers right