Day: August 2, 2022

SEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Ponzi Scheme โ€“ Regulation Bitcoin News

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The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as โ€œa fraudulent crypto pyramid and Ponzi scheme.โ€ The scheme allegedly raised more than $300 million from millions of retail investors worldwide, including in the U.S. SEC Takes Action Against Forsage Crypto Scheme The U.S. Securities and Exchange Commission (SEC) announced Monday that it has โ€œcharged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme.โ€ The securities regulator explained that the Forsage scheme…

Was the Metaverse All Just a Dream?

โ€œWe hope to basically get to around a billion people in the metaverse, each doing hundreds of dollars of commerce buying digital goods, digital content, different things to express themselves, so whether thatโ€™s clothing for their avatar or different digital goods for their virtual home or things to decorate their virtual conference room, utilities to be able to be more productive in virtual and augmented reality and across the metaverse overall,โ€ is how Mark Zuckerberg described the dream on CNBCโ€™s Mad Money with Jim Cramer. Source

BITCOIN BIG SHOCKING MOVE ๐Ÿ˜ฑWill Market crash Again? Crypto News Today. Crypto News Today.

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Marathon Doubles Loan Borrowing Capacity to $200M as Mining Rigs Sit Idle

The firm has 29,640 bitcoin mining rigs waiting energization in in West Texas, it said in the update. This is largely because hosting firm Compute North’s energy provider is waiting for federal regulators to approve its tax-exempt status, Marathon said. Compute North hosted about 20,000 of Marathon’s machines as of the end of June and is set to host 68,000 by the end of Q3. About 4,200 of these rigs were scheduled for activation on April 17, according to a previous press release. Source

Ethereum Investors Clamor To Take Profits As Profitability Explodes

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Ethereum has been at the forefront of the crypto market recovery in recent times. This is because the price of Ethereum had rallied following an important update regarding the upcoming Merge, and the market had recovered in kind. ETHโ€™s price had quickly grown to one-month highs and had seen its value grow beyond $1,700. This had no doubt put a good number of ETH investors ahead when it comes to profit. ETH Profitability Grows Ethereum had seen its profitability decline following the market crash that rocked June. For the first…