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Blockchain Capital Doubles Down on Crypto, Launches Two Funds Totaling $580 Million
20.9.2023
Blockchain Capital, a venture capital fund for cryptocurrency builders, has announced the closing of two funds that together total $580 million. The fundraiser, the largest one of the company in its ten years of existence, reveals the interest of investors in the blockchain sector as a source...
Former Deutsche Bank Investment Banker Faces up to 30 Years in Prison for Crypto Fraud
20.9.2023
A former investment banker from Deutsche Bank, Rashawn Russell, has pleaded guilty to charges of misappropriating funds from investors through promises of higher returns from cryptocurrency trading, as confirmed by the U.S. Justice Department.
Russell now faces up to 30 years in prison when he...
What I Learned Managing a Crypto Fund for Five Years
18.9.2023
Jeff Dorman, chief investment officer at Arca, says crypto funds still need to find a balance between adopting professional Wall Street practices and taking advantage of crypto’s unique opportunities
From $10,000 to $24 Million: 909 ‘Sleeping Bitcoins’ From 2012 Stir After 11 Years
18.9.2023
According to records, a batch of five transactions from “sleeping bitcoin” addresses, established more than 11 years ago in 2012, transferred 909.89 BTC valued at $24.88 million. The value of the whale’s cache of bitcoin when it was acquired was less than $10,000. The 11-Year...
Where will BitTorrent crypto be in 5 years? Expert predictions!
18.9.2023
BitTorrent crypto, or BitTorrent Token (BTT), is a native decentralized digital token based on a robust Blockchain network. The network powers the most notable decentralized applications and protocols in the world. In 2001, i.e., almost 22 years ago, Bram Cohen, a programmer, developed...
FINEXPO hosts the first South Africa Traders Fair & Awards 2023 after 3 years of pandemic
18.9.2023
The South Africa Traders Fair Event 2023, held on September 16, 2023, at the prestigious Protea Hotel Johannesburg Wanderers, has concluded as a resounding success, a testament to the collaborative efforts of our distinguished speakers, committed sponsors, and enthusiastic participation. A defining...
Fight for Lost BTC in Garbage Dump Continues for British Man, SBF Possibly Abused in Jail, and More — Bitcoin.com News Week in Review
17.9.2023
Former IT professional James Howells is still struggling to recover 7,500 lost bitcoins from a hard drive in a South Wales landfill, after years of failed negotiations with a local city council. Howells is now preparing to take legal action in order to sift through the waste to find his misplaced...
Bitcoin Fog Case Challenges Blockchain Analysis; Chainalysis Software Faces Scrutiny in US Court
15.9.2023
Since his arrest in April 2021, Roman Sterlingov, the alleged operator of the crypto mixing service Bitcoin Fog, has been defending his claimed innocence for more than two years. Recent court filings indicate Sterlingov’s legal team is challenging the Reactor software from Chainalysis, which...
Hong Kong retains top crypto-ready position for two consecutive years
15.9.2023
While Hong Kong grabbed the top spot with a crypto readiness score (CRS) of 8.36, the United States fell down a spot to third place after recording a fall of 6.5% in its CRS score — from 7.7 in 2022 to 7.25
Binance US CEO Quits, Crypto Exchange Cuts Third of Jobs
15.9.2023
Chief Executive Officer of Binance US, Brian Shroder, has left the company amid an ongoing regulatory crackdown and more job cuts. Shroder’s departure comes two years after he joined the American subsidiary of the world’s largest cryptocurrency exchange by daily trading volume. Shroder Departs...
Onecoin Co-founder Karl Sebastian Greenwood Sentenced to 20 Years in Prison
14.9.2023
One of the founders of the crypto pyramid Onecoin, British and Swedish national Karl Greenwood, has been sentenced to 20 years in prison in the United States. Greenwood was the architect of the scam’s multi-level marketing structure and served as Onecoin’s global master distributor. Cryptoqueen...
OneCoin Co-Founder Karl Greenwood Sentenced to 20 Years in Prison
13.9.2023
U.S. District Judge Edgardo Ramos also ordered Greenwood to forfeit $300 million, the approximate amount he pocketed from the scheme
Bitcoin’s Path to Money: Menger’s Theory and the Debate on Medium of Exchange vs. Store of Value
13.9.2023
Over the past ten years, fervent supporters of digital currency have engaged in intense debates: Is bitcoin (BTC) designed as peer-to-peer electronic cash as illustrated in Satoshi’s groundbreaking white paper, or does it serve as a digital store of value, similar to gold? Additionally,...
JPMorgan CEO Jamie Dimon Warns of Recession — Says ‘Huge Mistake’ to Think US Economy Will Boom for Years
13.9.2023
Jamie Dimon, chairman and CEO of JPMorgan Chase, has warned that it is “a huge mistake” to think that the U.S. economy will boom “for years” given that there are so many risks out there. The executive stressed: “I just think people make a mistake to look at real-time...
OneCoin co-founder Greenwood gets 20 years in US jail for fraud, money laundering
12.9.2023
Karl Greenwood will also have to pay back the $300 million he made in commissions in the OneCoin pyramid scheme
BIP-300 biff: Debate reignites over years-old Bitcoin Drivechain proposal
12.9.2023
The proposal would allow other blockchains built on the Bitcoin network. In August, a core developer rewrote the proposal's code and requested it be added to Bitcoin's codebase, sparking new debate over its merits
Arbitrum's fraud proofs haven't been used in the two years since it launched
11.9.2023
Offchain Labs co-founder Ed Felten said there were one or two fraud challenges submitted on a version of Arbitrum running on the Ethereum proof-of-work fork after the Merge, which was defeated
Turkish Crypto Exchange Boss Gets 11,196 Years in Prison
10.9.2023
The CEO of collapsed Turkish crypto exchange Thodex has been sentenced to 11,196 years, 10 months, and 15 days in prison. He purportedly absconded with more than $2 billion in cryptocurrency belonging to more than 400,000 customers. The court found his crypto trading platform to be a criminal...
10 years later, still no Bitcoin ETF — but who cares?
8.9.2023
The Securities and Exchange Commission will inevitably approve a spot Bitcoin ETF, but we should retain some healthy skepticism about the risks it will create
Epic Chief, Fortnite Loremaster Donald Mustard Leaving Company After Seven Years
8.9.2023
Donald Mustard is leaving Epic Games. Mustard was a driving force behind Fortnite’s success and the chief creative officer at Epic Games for the last seven years. Read more