Jul 02 2024
Bulgarian entrepreneur allegedly falsified documents for a loan to fund construction of a dairy processing facility. Prosecutors said that the entrepreneur requested the loan after receiving support from the Bulgarian’s State Fund for Agriculture to build and manage a factory designed to process raw milk and other dairy products. The request was rejected upon review …
Jun 11 2024
The largest stablecoin issuing company, Tether, has recently made a lot of investments in emerging crypto and artificial intelligence firms. Tether’s funding will enable XREX to revolutionize financial transactions in emerging markets by offering businesses ease, efficiency, and lower costs. The stablecoin issuer that it had strategically injected $18.75 million into the blockchain-enabled financial institution …
Jun 11 2024
Jian Wen, a British-Chinese woman, has been sentenced to six years and eight months in prison for her role in laundering Bitcoin proceeds from a $6 billion investment scam in China. Wen, aged 42, was found guilty in March of laundering Bitcoin on behalf of her former boss, Yadi Zhang, whose real name is Zhimin …
Jun 11 2024
Bybit is reportedly facing an internal leadership shakeup following a controversial incident involving the listing of Notcoin (NOT) Several executives have reportedly “voluntarily resigned” after the incident, and the exchange is now publicly recruiting new technical and spot managers. During the listing, an issue arose when not all users received their airdrop of tokens before …
Jun 11 2024
Fidelity’s Director of Global Macro Jurrien Timmer says Bitcoin is already entering the latter part of its S-curve adoption cycle. Timmer believes Bitcoin will size up next to gold, and where the asset belongs within a traditional 60/40 portfolio. The recent approval of Bitcoin spot ETFs in January has helped “democratize” the asset, putting it …
Jun 10 2024
Tigran Gambaryan, a high-ranking executive at Binance, has been held by Nigerian authorities for nearly three months. The appeal, led by House Foreign Affairs Committee Chair Michael McCaul (R-Texas) and supported by 11 other congressional leaders, demands that the situation be treated as a hostage crisis. In the letter, the lawmakers stated that the Nigerian …
Jun 10 2024
Since mid-March, there has been a notable trend of large bitcoin holders or “whales” stashing more tokens. Addresses with over 1,000 BTC now collectively own more than 40% of the total bitcoin supply. This concentration of ownership signals increased confidence and conviction among wealthy investors and institutions in BTC’s future price trajectory as investor sentiment …
Jun 10 2024
SEC Chair Gensler has voiced concern over unethical conduct within crypto exchanges. He also responded to Jim Cramer’s inquiries about potential exchange-traded products for cryptocurrencies beyond Bitcoin and Ethereum. Gensller stated that while the SEC had the associated 19-4b filings for spot Ethereum ETFs last month, the launch of these products would “take some time.“Crypto …
Jun 10 2024
Gemini’s bankrupt crypto lending arm has successfully recovered virtually all of its customers’ digital assets. The crypto exchange, founded by billionaire entrepreneurs Cameron and Tyler Winklevoss, announced on Wednesday that Gemini Earn customers had “received $2.18 billion of their digital assets in kind” The announcement was well received by the online crypto community, who applauded …
Jun 09 2024
Keith Gill, known online as “Roaring Kitty,” posted on Reddit that he is holding $181.4 million worth of GameStop (GME) stock and call options. Following his Reddit post, GME, ROAR, and KITTY meme coins gained 315%, 660%, and 477%, respectively. Gill’s combined holdings effectively equate to owning 17 million GameStop shares. At the last trading …