In a cautionary tale of deception and betrayal, David Kagel, an 86-year-old former attorney, has been sentenced to five years of probation for orchestrating a sophisticated cryptocurrency Ponzi scheme that preyed on unsuspecting investors. The scheme, which falsely promised lucrative returns, resulted in nearly $15 million lost by victims over a span of five years.
Gains
The case against Binance, the world’s largest cryptocurrency exchange, continues to unfold in Nigeria, raising significant concerns about legal processes and the treatment of detainees. At the center of this controversy is Tigran Gambaryan, Binance’s head of financial crime compliance, who has been held by Nigerian authorities since February. Recently, a Federal High Court judge,
Stablecoins, a class of cryptocurrencies designed to maintain price stability by being pegged to traditional currencies or assets, have garnered significant interest from regulators and financial institutions alike. As digital currencies continue to infiltrate traditional financial systems, lawmakers are challenged with crafting regulations that provide a clear and supportive framework for these emerging technologies. In
Bitcoin has been making headlines lately as it hovers precariously above a significant support level. The cryptocurrency market is notoriously volatile, and recent activities point towards a scenario that could trigger substantial price movements. The latest analysis from on-chain data provider Santiment highlights that a considerable influx of over 30,000 BTC—worth nearly $1.83 billion—has been
On October 10, 2023, the U.S. Securities and Exchange Commission (SEC) made headlines by charging Cumberland DRW, a prominent crypto market maker based in Chicago, with operating as an unregistered securities dealer. This move sparks significant discussions regarding regulatory oversight of the rapidly evolving cryptocurrency sector. The SEC claims that since March 2018, Cumberland has
Ethereum (ETH) is currently navigating a critical phase in its market journey. After a turbulent Monday, wherein it struggled to breach the $2,500 resistance barrier, the atmosphere surrounding ETH is heavy with anticipation and anxiety. As global interest in cryptocurrencies continues to surge, the stakes are high for Ethereum as it balances precariously between pivotal
In the flourishing landscape of Web3 gaming, TON Kombat on Telegram stands out, captivating millions with its unique blend of strategic gameplay and fierce arena battles. The game invites players into an immersive environment where they choose one of eight distinct houses. Each house embodies a project from the TON ecosystem, fostering competition among players
Ripple, a prominent name in the cryptocurrency landscape, recently unveiled a suite of groundbreaking features designed to bolster its custody services under the Ripple Custody division. This strategic move is a clear indication of Ripple’s commitment to enhancing the security and management of digital assets in an increasingly digitalized financial ecosystem. Given the anticipated growth
Amidst the evolving landscape of gaming, a groundbreaking shift is taking place with the introduction of SonicX, the first “tap to earn” game hosted on TikTok, powered by the Solana blockchain. Developed by Sonic SVM, a pioneering Layer 2 infrastructure provider, SonicX not only presents an entertaining gaming experience but also serves as a bridge
On October 10, South Korea’s Financial Services Commission (FSC) signaled a significant step in the country’s crypto regulations by announcing the formation of a Virtual Asset Committee. This dedicated body aims to provide strategic oversight and guidance for the approval of spot crypto exchange-traded funds (ETFs) in South Korea. By placing the committee under the