lending program

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US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect

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The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice. Bitconnect’s Founder Could Go to Prison for 70 Years The U.S. Department of Justice (DOJ) announced … Read more

US SEC Threatens to Sue Crypto Exchange Coinbase, CEO Brian Armstrong Responds

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The U.S. Securities and Exchange Commission (SEC) has threatened to sue the Nasdaq-listed cryptocurrency exchange Coinbase over its lending product. The exchange says, “We don’t know why … We got no explanation from the SEC.” Coinbase Threatened by SEC Coinbase revealed Tuesday that it received a Wells notice from the SEC last Wednesday about its … Read more