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The British Columbia Securities Commission (BCSC) says the now-defunct crypto exchange Einstein Exchange operated as a Ponzi scheme after becoming insolvent in 2018.

Canadian crypto platform Einstein Exchange was Ponzi scheme, says local regulator

The BCSC has disclosed its allegations against Michael Ongun Gokturk, the sole director of three now-defunct crypto companies Einstein Exchange Inc., Einstein Capital Ltd., a...

7 months ago

Stablecoin issuer Tether (USDT) is launching an educational program called Tether Edu.

Tether launches educational program aimed at developing Web3 skills

According to the Tether’s announcement, as part of Tether Edu, the company will increase the availability of digital product development skills and coordinate various educational prog...

7 months ago

Project mBridge for Multi-CBDC Cross-Border Transactions

UAE and China Complete First $13.6M Cross-Border CBDC Transaction

The United Arab Emirates and China have executed their first cross-border central bank digital currency (CBDC) transaction valued at $13.6 million using digital dirham and digital...

7 months ago

Crypto exchange FTX was hacked for over $400 million just hours after filing for bankruptcy in 2022. Many initially believed it was an inside job.

FTX’s $400M hack linked to SIM-swap attack, feds charge 3

Three individuals charged by United States prosecutors for orchestrating a series of SIM-swap attacks have been linked to the $400 million hack of FTX in 2022 that occurred just hours after it f...

7 months ago

New York Community Bancorp acquired the assets and liabilities of the collapsed Signature Bank during the regional banking turmoil in 2023.

New York Community Bank plunges 40% after reporting $260M loss

New York Community Bancorp (NYCB), which purchased the collapsed crypto-friendly Signature Bank in 2023, saw its share price plunge after reporting a $260 million loss in the fourth quarter of 2...

7 months ago

Crypto lender Celsius’ exit from bankruptcy follows over 18 months after it halted withdrawals and collapsed in 2022.

Celsius exits bankruptcy, commences return of over $3B to creditors

Celsius has emerged from Chapter 11 bankruptcy in the United States and is set to start distributing $3 billion worth of crypto and fiat to creditors, along with launching a new Bitcoin min...

7 months ago

Pastor Claims God’s Instruction Behind $3.2 Million Scheme

Denver Pastor Accused of Crypto Fraud Spotted Preaching in Zambia After Missing Court Date

Denver-based Pastor Eli Regalado, who faces allegations of orchestrating a $3.2 million cryptocurrency scam, has been seen preaching in Zambia despite missing a mandatory court he...

7 months ago

Nayib Bukele’s Future Bitcoin Plans

El Salvador President Nayib Bukele Eyes Bitcoin-Backed Bonds, Bitcoin Cities in Re-election Bid

El Salvador’s President Nayib Bukele intends to push forward with his plans for Bitcoin if he secures a second term in the upcoming election. Despite pressure from the Internatio...

7 months ago

The SEC admitted its attorneys “should have been more forthcoming” with the court but argued a sanction wasn’t appropriate.

SEC asks to toss Debt Box suit after court threatens sanctions

The United States securities regulator is seeking to dismiss a lawsuit it launched against a crypto company after a federal court issued an order mandating the agency provide reasons why it shou...

7 months ago

Many former Block employees posted messages to LinkedIn suggesting the staff cuts had been expected since 2023.

Jack Dorsey’s Block announces layoffs, citing ‘leaner’ operations

Financial payment processing firm Block Inc., co-founded by Twitter creator Jack Dorsey, has reportedly laid off more than 1,000 staff members. According to a Jan. 30 Business Ins...

7 months ago