All but one of the leaders of the scam have received sentences The US District Court for the Southern District of New York has been moving forward with the sentencing of key players involved in the cryptocurrency Ponzi scheme AirBit Club. AirBit Club co-founder Dos Santos is the only remaining AirBit defendant left to be
The failed cryptocurrency lender believes it can make good on its outstanding debt During the October 2 hearing seeking to approve its reorganization proposal, crypto lender Celsius Network told a judge it would start paying back its customers by the end of 2023. The September 29 filing indicates that Celsius plans to make partial payments
The cryptocurrency exchange receives a monetary authority license in the country The Coinbase cryptocurrency exchange has been granted a full payments license to operate by Singapore’s central bank, the US-based company announced on Monday. The Monetary Authority of Singapore (MAS) has granted it a Major Payment Institution (MPI) license, allowing Coinbase to offer digital payment
Users now have access to new Ether and USDT offerings Cryptocurrency lending platform Ledn has announced the launch of an Ether yield offering after users requested a shielded option to stake Ether manually. The Cayman Islands-based company adds the ETH offering to its Growth Accounts products. It currently delivers ring-fenced facilities for users to accumulate
PayPal continues to refine its entrance into the cryptocurrency universe Crypto.com has partnered with PayPal and Paxos to become PayPal USD’s preferred platform. It’s another step for PayPal and its stablecoin project as it continues to advance deeper into the crypto space. Crypto.com currently has the world’s deepest liquidity for PYUSD trading pairs, according to
The cryptocurrency cross-chain protocol is the latest to become a victim of a cyberattack Decentralized cross-chain protocol Mixin Network sent a message to the hacker behind the $200 million breach on September 23, offering a $20-million bug bounty in exchange for returning the remaining funds. The Mixin Network message was encrypted with the exploiter transaction,
Police arrested him while he confronted a former business partner he says stole his Lambo Crypto influencer Ben “BitBoy” Armstrong was reportedly arrested on Monday evening outside the house of a former business partner, Carlos Diaz, while live streaming his attempt to confront him at his home after alleging that Diaz was in possession of
Another crypto exchange succumbs to the greed of a few criminals The leaders of the JPEX crypto exchange are still on the run, and Hong Kong police have enlisted Interpol’s help to locate the suspects. The masterminds behind the crypto exchange scandal, said by many to be the biggest financial fraud ever to hit Hong
Several lawmakers don’t want the Federal Reserve issuing digital currency The CBDC Anti-Surveillance State Act was passed by the House Financial Services Committee (HFSC) on Wednesday, preparing it for an upcoming vote on the House floor. The legislation authored by Congressman Tom Emmer seeks to ban the Federal Reserve from issuing individuals a Central Bank
The crypto firm will be able to transact in crypto, including offering prepaid cards Cryptocurrency payment gateway Alchemy Pay announced to Cointelegraph on September 20 that it’s extending its global presence after securing a Money Transmitter License in Arkansas. Alchemy Pay said through a spokesperson that the license issued on September 13 is the “very first” Money
The US SEC has roped in a fellow financial watchdog to support its efforts The Philippines Securities and Exchange Commission (SEC) has joined forces with its US counterpart and the Asian Development Bank to fight criminals who commit financial crimes, including cryptocurrency fraud. A recent press release revealed that the three agencies held an International
A lawsuit accuses the FTX founder’s parents of getting rich off his fraud Debtors of bankrupt cryptocurrency exchange FTX have begun legal action against founder Sam Bankman-Fried’s parents, alleging that Joseph Bankman was a “de facto officer” at FTX Group and that he and Barbara Fried were responsible for misappropriating millions of dollars through their
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