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The U.S. Department of Justice (DOJ) has sentenced 12 individuals for a series of violent home invasions aimed at stealing over $3.5 million in cryptocurrency. The group’s leader received 47 years in prison, while his accomplice was sentenced to 20 years. “The victims were held at gunpoint in their home,” the DOJ stated, adding that … Read more
Seven Senate Democrats have called on the 10 largest bitcoin ATM operators in the U.S. to address growing crypto fraud that targets elderly Americans. The lawmakers explained that scammers are reportedly exploiting the anonymity of cryptocurrency transactions to steal from seniors through bitcoin ATMs. The senators urged companies to implement stronger measures to combat the … Read more
As digital economies evolve, stablecoins emerge not just as mere facilitators for crypto trading but as pivotal tools in global financial systems. A comprehensive report by Castle Island Ventures and Brevan Howard Digital, sponsored by Visa, unveils the profound impact of stablecoins on monetary dynamics worldwide. Transforming Global Finance: The Rising Influence of Stablecoins According … Read more
The U.S. is urging Nigeria to release Tigran Gambaryan, a jailed Binance employee, due to humanitarian concerns. This has become a major point of tension in U.S.-Nigeria relations. U.S. officials say Gambaryan’s health issues warrant his release, while his family claims he’s denied proper medical care. Nigeria denies these claims and insists the courts will … Read more
Ethereum (ETH) has recently struggled in comparison to its peers, according to a report by Coinbase Institutional. The analysis suggests that market dynamics, network activity, and inflationary factors are influencing the cryptocurrency’s current performance. Coinbase Institutional: Ethereum Lags Behind Crypto Peers In its September 2024 outlook, Coinbase researchers pointed out that the cryptocurrency market is … Read more
Microstrategy has acquired 18,300 additional bitcoins for $1.11 billion, funded through stock sales. As of Sept. 12, the company holds 244,800 BTC, purchased at a total cost of $9.45 billion. Executive chairman Michael Saylor announced a BTC yield of 17.0% year-to-date. This acquisition was made through a prior sales agreement enabling stock sales to fund … Read more
The Federal Bureau of Investigation (FBI) has warned of a rising business email compromise (BEC) threat, responsible for $55 billion in global losses over a decade. The scam has affected all 50 U.S. states and 186 countries, with funds frequently routed through banks in the United Kingdom, Hong Kong, China, Mexico, and the United Arab … Read more
Former U.S. President Donald Trump has announced the launch of his family’s cryptocurrency platform, World Liberty Financial, positioning it as an alternative to traditional banks. He encouraged users to join a live event on X next Monday. “We’re embracing the future with crypto and leaving the slow and outdated big banks behind,” Trump said. Donald … Read more
After the first election debate, QCP Capital shared its perspective on how the U.S. election could influence the cryptocurrency market. According to the firm, investors remain cautious as their attention shifts to key macroeconomic indicators and the upcoming election decision. The CEO of Chirp, a decentralized telecommunications network, echoed this sentiment, noting that while the … Read more
Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and tax offenses involving cryptocurrency. He and his accomplice attempted to steal funds by accessing victims’ bank accounts and filing false tax returns. Law enforcement recovered most of the stolen funds. Champagne pleaded guilty to multiple charges in June … Read more
