Federal Reserve’s Neel Kashkari on Bitcoin: Still No Legitimate Use Case in an Advanced Democracy
The president and CEO of the Federal Reserve Bank of Minneapolis, Neel Kashkari, has expressed concern about consumer risk due to “fraud, hype, and confusion” surrounding bitcoin. Moreover, he said the cryptocurrency has been around for more than a decade but “there’s still no legitimate use case in an advanced democracy.” ‘I Am Worried From […]
Terraform Labs and Former CEO Do Kwon Found Liable for Civil Fraud by Jury
On Friday, Zack Guzmán, founder of Coinage Media, announced that Terraform Labs’ co-founder Do Kwon and his startup were deemed responsible for fraudulent activities in its legal battle against the U.S. Securities and Exchange Commission (SEC). The lawsuit spanned approximately two weeks. The trial culminated in the jury’s decision in a federal courtroom subsequent to […]
CFTC charges Tennessee couple over ‘Blessings of God Thru Crypto’ scheme
Despite having no trading experience a Tennessee couple convinced 100 people to hand over their money for a uniquely named crypto investment pool.This post was originally published on this site
National Australia Bank joins crypto exchange boycott, cites ‘scams’
National Australia Bank is the latest bank to announce blocks on certain cryptocurrency exchanges, citing the high risk of scams.This post was originally published on this site
CFTC issues $54M default judgment against trader in crypto fraud scheme
As a result of the judgment, the defendant is also now prohibited from engaging in any trading activities within markets regulated by the CFTC and is barred from registering with the regulatory body.This post was originally published on this site
SBF seeks to sever new charges from trial, says proceedings may take ‘years’
The U.S. cannot try Sam Bankman-Fried for the charges until a lengthy appeals process in the Bahamas has been exhausted, defense attorneys stated.This post was originally published on this site
Gate.io denies liquidity problems after Multichain CEO goes missing
Some Twitter users posted transactions showing large inflows of MULTI and FTM to Gate.io, leading them to perceive a connection between the two organizations.This post was originally published on this site
SBF wants to subpoena documents from old FTX/Alameda law firm to use in his defense
The prosecution and FTX Debtors already have access to the documents, which concern 11 topics and may contain material favorable to SBF.This post was originally published on this site
Some SBF charges will be dropped if Bahamas objects, U.S. prosecutors say
The charges relating to Sam Bankman-Fried’s alleged bank fraud, operating an unlicensed money transmitter service and bribing Chinese officials may be dropped.This post was originally published on this site
‘Trusted’ marketplace sold fake Trezor wallets stealing crypto: Kaspersky
Cryptocurrency users are once again reminded about the importance of using only authentic hardware wallets.This post was originally published on this site