The Calgary Police Service has issued a warning to residents about the increasing number of crypto-related scams in the city. According to a report from the police, residents in Calgary have lost over $22.5 million to these scams in 2023, a significant increase from the $14 million recorded in 2022. The police believe that these […]
The U.S. Securities and Exchange Commission (SEC) has achieved a significant victory in its legal battle against Thor Technologies and its founder, David Chin. The SEC has obtained a default judgment against the company and Chin for conducting an unregistered crypto asset securities offering worth $2.6 million. This judgment comes after charges were initially filed […]
Stablecoin issuer Tether has announced plans to release real-time reserves reports by next year, according to its incoming CEO Paolo Ardoino. Tether, which already provides daily reserves reports on its website, currently holds $84.15 billion in USDT, making it the largest stablecoin on the market. Ardoino also outlined his goals for Tether in the coming […]
Sam Bankman-Fried’s trial is nearing its conclusion, with the prosecution set to wrap up their case on October 26th after presenting nearly 20 testimonies. The prosecution has called upon a diverse range of witnesses, including former FTX employees, customers, investors, government officials, and law enforcement agents. The central argument of the case is that Bankman-Fried […]
The Federal Bureau of Investigation (FBI) has apprehended a group of Indian nationals accused of running an unlicensed business that converted cryptocurrency into cash for clients seeking anonymity. Five out of the six suspects were arrested and charged with operating an unlicensed money-transmitting business. The individuals involved were Raju Patel, Brijeshkumar Patel, Hirenkumar Patel, Naineshkumar […]
VeChain, a leading blockchain platform, has established significant partnerships with renowned companies to revolutionize its blockchain solutions and drive widespread adoption. These collaborations are reshaping various industries, with a particular focus on logistics and supply chain management. Notably, VeChain has joined forces with Kuehne & Nagel, a prominent player in the logistics sector, to leverage […]
Investment expert Linda P. Jones has provided insight into the ongoing legal battle between Ripple and the SEC. Talks of a potential settlement have emerged after the SEC dropped charges against Ripple executives Brad Garlinghouse and Chris Larsen. Jones believes that Ripple has the upper hand in negotiations with the SEC, stating that they can […]
Ripple and its cryptocurrency XRP have achieved another legal victory in their ongoing battle against the US Securities and Exchange Commission (SEC). The SEC has dropped its charges against Ripple’s CEO, Brad Garlinghouse, and Executive Chairman, Chris Larsen. The SEC had accused them of facilitating Ripple in violating federal securities laws through XRP transactions. However, […]
A recurring theme in the trial of crypto mogul Bankman-Fried has been his commitment to effective altruism, a philanthropic ideology focused on maximizing impact through charitable contributions and career choices. Bankman-Fried aligned himself with others who shared this philosophy, including the head of engineering and his former girlfriend, who was also the CEO of his […]
Two years after James Zhong was apprehended for stealing 50,000 bitcoins from the dark web marketplace Silk Road in 2012, new details have emerged about the events leading to his arrest. Zhong, a computer expert, lived a lavish lifestyle with expensive cars, luxury hotels, and extravagant purchases. In March 2019, he reported a break-in at […]
