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Former Heartland Tri-State Bank CEO Shan Hanes pleaded guilty on Thursday to embezzling $47.1 million for personal cryptocurrency purchases, leading to the bank’s collapse. From May to July 2023, Hanes executed at least 10 wire transfers from the Elkhart-based bank to cryptocurrency accounts. The bank’s failure resulted in a total loss of equity for investors. … Read more
SALT, one of the earliest cryptocurrency-backed lending providers in the space, announced this week it was expanding into 20 more states in the US, bringing its total market penetration to 35, including Washington DC, across America. And while that number is impressive on its own, SALT accomplished this during an extended bear market. Also read: … Read more
Widespread reporting revealed the United States’ largest cryptocurrency bank, Coinbase, has formed a political action committee (PAC). This is the debate. Is onboarding broader sectors, mainstream folks, coming at too grave a cost? Is crypto’s philosophical soul worth greater adoption? One company is threading between those tensions, siding on the venial sin of being in … Read more
Authorities in the state of Wisconsin have discussed the adoption of guidelines regarding cryptocurrency contributions to political campaigns, as requested by the Libertarian Party. Other states, like California, have urged politicians not to accept bitcoin donations. Kansas is the only state prohibiting such contributions. The Federal Election Commission allows crypto donations to campaigns for federal … Read more
