Day: August 12, 2023

CFTC charges individuals with crypto fraud

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Commodity Futures Trading Commission (CFTC) recently charged four people for involvement in a fraudulent crypto and precious metals trading scheme. On Aug. 11, the CFTC filed a complaint against Rene Larralde, Juan Pablo Valcarce, Brian Early, and Alisha Ann Kingrey for fraudulent solicitation. According to the agency, funds were solicited from unwitting customers under the pretext of investing money in crypto and precious metals. The four individuals used a “proprietary algorithm” that guaranteed more than…

More Selling? Bankrupt Voyager Sends Millions In SHIB And ETH To Coinbase

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Voyager Digital has been busy in recent months as it looks to sell its remaining crypto holdings on centralized exchanges. In its latest move, the bankrupt crypto brokerage has transferred millions in SHIB and ETH to Coinbase. According to on-chain data, Voyager moved SHIB and ETH tokens to Coinbase’s ledger on Friday, August 11. Millions In SHIB And ETH Transferred To Coinbase By Voyager Voyager has been selling off assets since the beginning of the year. Specifically, the latest on-chain transactions show that Voyager moved a total of $5.5 million…

Senator Lummis shows support for Coinbase against SEC

Senator Cynthia Lummis of Wyoming filed a brief supporting Coinbase’s request to dismiss a case against it by the U.S. Securities and Exchange Commission (SEC). Lummis, a Republican, reiterated her support of the crypto industry by submitting an amicus brief in solidarity with Coinbase. 🇺🇸📝 Senator Cynthia Lummis backs Coinbase in its legal dispute with the SEC, filing an Amicus Brief, as reported by Cryptox. She asserts that the SEC’s actions are aimed at consolidating control within the industry, sidestepping ongoing cryptocurrency jurisdiction reviews… — BitcoinWorld (@ItsBitcoinWorld) August 12, 2023…

SBF ordered to jail, Bitcoin ETF delayed and SEC to appeal Ripple case

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Top Stories This Week Judge revokes Sam Bankman-Fried’s bail, remands him to custody FTX’s former CEO, Sam “SBF” Bankman-Fried, had his bail revoked by a federal judge in response to the release of information to The New York Times allegedly intended to intimidate witnesses. During a hearing on Aug. 11, Judge Lewis Kaplan revoked Bankman-Fried’s bail and remanded him to custody, likely at the Putnam County Correctional Facility. Once his October trial begins, he could be moved to the Metropolitan Detention Center in Brooklyn. Bankman-Fried was reportedly led out of…

Vitalik Buterin throws shade at XRP centralization

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ethereum (ETH) co-founder Vitalik Buterin recently lashed out at XRP, and applauded his own community’s stance against regulatory measures. While Buterin admitted to not delving into the intricate specifics of the ongoing situation, he praised Ethereum’s stance against any measure that could unjustly privilege ETH. If they had restricted XRP I wouldn’t have said anything — DavidHoffman.eth🦇🔊 🏴 🔴 (@TrustlessState) August 17, 2022 Buterin’s tweets further ignited discussions about the decentralization of various cryptocurrencies, with his…

Trump reveals crypto and NFT holdings

Freshly uncovered documents revealed that former President Donald Trump is capitalizing on the non-fungible token (NFT) surge, with Ethereum holdings potentially reaching up to $500,000. Unveiled financial data reveals a substantial involvement in cryptocurrencies, intertwined with a thriving NFT venture. Financial disclosures indicate Trump’s Ethereum wallet boasts a substantial balance ranging from $250,000 to $500,000. This venture into the realm of NFTs materialized post-presidency. Notably, Trump enjoyed success with his limited edition $99 trading cards, portraying him in many scenarios — from hunting attire to superhero guise — early on.…

Want A Bitcoin Spot ETF? Then Prove BTC Is Not Manipulated, Says SEC

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With multiple applications for a spot Bitcoin ETF already filed, many have continued to speculate when the SEC is likely to give its approval or otherwise. To further add to speculations, Galaxy Digital CEO Mike Novogratz, citing his sources, stated that approval was likely to come within four to six months. However, recent developments seem to suggest that the wait could be longer.  SEC Stalling? In a release dated August 11, the US Securities and Exchange Commission (SEC) has moved to delay the ARK 21Shares Bitcoin ETF in a move…

Argentina criminalizes peso burning amid growing crypto use

Argentina has outlawed the burning or tearing of the country’s fiat currency, the peso, in Buenos Aires soccer stadiums. On Aug. 10, the Argentinian government issued a proclamation criminalizing any form of destruction of the peso (ARS), even as year-on-year inflation in the South American country surpassed 100%. Soccer fans from neighboring countries have been tearing and burning peso notes in stadiums to provoke their Argentine rivals. In response, the Agency for the Prevention of Violence in Sports has stated that law enforcement officers would arrest offenders, and they could…

Brazil’s Congress moves to levy higher taxes on cryptocurrencies

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Brazilian lawmakers are moving forward with a legislation that would raise taxes on cryptocurrencies held overseas. According to local reports, a congressional committee has approved amendments to a bill that recognizes cryptocurrencies as “financial assets” for tax purposes in foreign investments. In addition, the draft bill taxes gains from fluctuations in crypto asset prices against Brazil’s fiat currency, as well as foreign exchange rate fluctuations. According to congressman Merlong Solano, the revision seeks to promote equal tax treatment since crypto investments abroad currently receive lower tax breaks. The legislation places…

Bankrupt Voyager moves massive amount of crypto to Coinbase

Cryptocurrency firm Voyager transferred digital assets to Coinbase, as part of a significant stride toward finalizing its monetary obligations.  The Singapore-based company orchestrated the transfer of 1500 Ether (ETH), equating to a value of $2.77 million — alongside 250 billion SHIB tokens amounting to $2.7 million — to Coinbase. The move arrives amidst Voyager’s ongoing proceedings, which have seen the company strategically shifting its remaining tokens from auxiliary addresses to primary ones. • 1 小时前，#Voyager 将 1500 $ETH($2.77M)、2500 亿 $SHIB($2.7M) 转入 Coinbase。• 另外 Voyager 正在将旗下钱包地址里的剩余代币全部归集到主地址。 Voyager 用户的加密货币索赔已结束，现在应该已开启最后的法币赔付流程：将剩余加密货币出售后向用户赔付美元。（此前 Voyager 用户可以在… https://t.co/ToeE3cnr3A…