Founder of crypto ‘Ponzi’ scheme’ IcomTech sentenced to 10 years in prison

Founder of crypto ‘Ponzi’ scheme’ IcomTech sentenced to 10 years in prison

David Carmona was the “mastermind” behind IcomTech’s “Ponzi scheme,” which netted an estimated $8.4 million from victims. Source link

Suspicious arrest of crypto scam reporter, Japan’s pro-crypto PM: Asia Express

Suspicious arrest of crypto scam reporter, Japan’s pro-crypto PM: Asia Express

Global outcry as Cambodia arrests crypto scam investigator, Japan’s new Prime Minister supports crypto, and more: Asia Express. Source link

Judge finds new California election deepfake ban unconstitutional

Judge finds new California election deepfake ban unconstitutional

Federal Judge John A. Mendez has blocked a new California law that allowed any person to sue for damages over election deepfakes.  Source link

Australian feds ‘deciphered’ seed phrase to access suspect’s crypto

Australian feds ‘deciphered’ seed phrase to access suspect’s crypto

The Australian Federal Police said an analyst cracked the seed phrase to a crypto account belonging to the accused owner of an organized crime messaging app.  Source link

Powell Hints at Slower Rate Cuts: Crypto Investors Take Note

Powell Hints at Slower Rate Cuts: Crypto Investors Take Note

In a Nashville speech, Federal Reserve Chair Jerome Powell described a path for interest rate cuts over the next few months. Further cuts are likely, but they will be smaller than the most…

Bitcoin miner claims judge, prosecutor, targeted firm with noise laws

Bitcoin miner claims judge, prosecutor, targeted firm with noise laws

Bitcoin mining firm NewRays alleges that Judge Allen Dodson, prosecuting attorney Phil Murphy, selectively enforced noise legislation to target its business.  Source link

Kraken Acquires Dutch Broker, and More

Kraken Acquires Dutch Broker, and More

BeInCrypto’s comprehensive Europe Crypto Roundup covers the latest news and trends shaping the continent’s crypto landscape. With reporters across key markets like Germany, France, and the UK, we provide in-depth insights into evolving…

California governor vetoes hotly-contested AI safety bill

California governor vetoes hotly-contested AI safety bill

Gavin Newsom has vetoed SB 1048, saying that “while well-intentioned,” it could place unnecessary restrictions on emerging AI companies in California.  Source link

Worldcoin Expands to Guatemala and More

Worldcoin Expands to Guatemala and More

Latin America (LATAM) continues to assert its growing importance in the global crypto ecosystem. In Colombia, Nexo has joined the Fintech Association, marking a significant step in its regional expansion. Meanwhile, Worldcoin is…

Billionaire Bitcoiner slams UK tax system, leaves for Swiss Bitcoin city: Report

Billionaire Bitcoiner slams UK tax system, leaves for Swiss Bitcoin city: Report

Bitcoiner Christian Angermayer claimed the United Kingdom’s latest tax proposal for non-doms would be a “huge mistake” and be “a bigger act of national self-harm than Brexit.” Source link

BingX Hack, HMSTR Airdrop Drama, and More

BingX Hack, HMSTR Airdrop Drama, and More

This week brought turmoil and development across the crypto space. A $42 million hack at BingX rattled the market, raising questions about security vulnerabilities in major exchanges. Meanwhile, Hamster Kombat’s controversial airdrop sparked…

Bitcoin and Binance token dip slightly as CZ is released

Bitcoin and Binance token dip slightly as CZ is released

According to a previous Forbes report, Zhao and Binance collectively hold 71% of the roughly 146 million BNB tokens in circulation.  Source link

SEC scores partial win against blockchain firm Opporty over 0K ICO

SEC scores partial win against blockchain firm Opporty over $600K ICO

A federal judge partially sided with the SEC, finding that Opporty and its founder, Sergii Grybniak, offered “unregistered securities” in their 2018 ICO. Source link

Biden admin deliberately killed off Silvergate to ‘decapitate’ crypto: Nic Carter

Biden admin deliberately killed off Silvergate to ‘decapitate’ crypto: Nic Carter

The now-bankrupt Silvergate Bank was forced to cap its crypto deposits at 15% under threat of being shut down by US regulators, claims to Castle Island Ventures partner Nic Carter. Source link

SEC Says 99% of TUSD Reserves Were Invested in Risky Fund

SEC Says 99% of TUSD Reserves Were Invested in Risky Fund

On Tuesday, the Securities and Exchange Commission (SEC) disclosed that TrueCoin LLC and TrustToken Inc., the parties behind the TrueUSD (TUSD) stablecoin, improperly invested nearly all their reserves in a speculative offshore fund….

Crypto wallet Exodus donates .3M to help ‘mobilize’ US crypto voters

Crypto wallet Exodus donates $1.3M to help ‘mobilize’ US crypto voters

Exodus’ donation to the political action committee is to “help support their mission of educating and mobilizing crypto voters around the country.” Source link

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