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The FBI arrested a New York resident for defrauding investors of at least $43 million in a multi-year Ponzi scheme that included a Las Vegas hospitality business and crypto trading operation.

FBI busts $43M crypto and Las Vegas hospitality Ponzi scheme

The Federal Bureau of Investigation (FBI), alongside a New York court, arrested a local resident under the allegations of orchestrating a sophisticated Ponzi scheme that defrauded investors of $...

4 months ago

U.S. Senator Cynthia Lummis argued that the Department of Justice’s position on crypto self-custody conflicts with existing Treasury guidance and breaches the rule of law.

Senator Lummis challenges DOJ’s stance on private crypto wallets

Lummis (R-WY) says she opposes the Biden Administration’s criminalization efforts related to the Bitcoin (BTC) network and decentralized finance (defi). The Department of Justice...

4 months ago

Fidelity Records Largest Daily Outflow

BlackRock’s IBIT Experiences $37M Outflows for First Time, Other Funds See Combined $526.8M Withdrawals

The spot Bitcoin exchange-traded funds (ETFs) in the United States have witnessed record net outflows, with BlackRock’s iShares Bitcoin Trust (IBIT) experiencing&n...

4 months ago

The industry could see a shift toward player-centric Web3 games this cycle as Web2 founders enter the GameFi space, according to Bitget’s managing director.

Web3 gaming needs to shift from play-to-earn to ‘play-and-earn’ — Bitget

Web3 games should shift their focus from play-to-earn to “play-and-earn” to attract new mainstream crypto adopters. The issue is that most Web3 games focus solely on the ec...

4 months ago

YouTuber and Ultimate star MKBHD tested the device using a game controller, his legs and “the force.”

This 360 treadmill could make Disney’s metaverse a physical playground

The Imagineers at Disney have come up with what may be the killer app for metaverse hardware, a 360-degree treadmill controllable via remote control, physical movement, or gesture. ...

4 months ago

Animoca’s move into Bitcoin involves the Opal Protocol and BLIF token, which were initiated by Animoca and Darewise.

Blockchain gaming firm Animoca Brands ‘comes to Bitcoin’

Hong Kong-based game software company Animoca Brands is entering the Bitcoin industry by backing the Opal Foundation, a new Bitcoin ecosystem protocol. Animoca Brands took to X on...

4 months ago

Avalanche C-Chain users can now buy AVAX directly within Web3 apps by using a widget supplied by Stripe.

Avalanche integrates with Stripe for fiat-to-crypto onboarding

The Avalanche C-Chain network has integrated with payment firm Stripe, allowing verified Stripe users to buy Avalanche’s AVAX and send it to their wallets, according to an ...

4 months ago

MicroStrategy has yet to adopt the new accounting standard that would have taken the billions of dollars in paper gains from Bitcoin’s 65% price rally into account.

MicroStrategy Q1 net loss hits $53.1M, but Bitcoin buying spree continues

MicroStrategy, the largest corporate holder of Bitcoin, reported a net loss of $53.1 million in the first quarter of 2024, but the firm continued to stack more Bitcoin in April. T...

4 months ago

Some believe the change could help cut down engagement-farming posts on the platform — something Crypto X may be all too familiar with.

Elon Musk’s X to remove likes and reposts from timeline within ‘weeks’

Social media platform X could be removing likes and reposts from view on the timeline “within the next few weeks,” according to a software engineer at X. “I&rsq...

4 months ago

A new strategic partnership between OpenAI and Financial Times aims to integrate FT journalism into its AI models for more accurate and reliable information and sources.

OpenAI announces new publishing deal as race to license content hots up

The United Kingdom-based daily newspaper the Financial Times (FT) and OpenAI, a leading artificial intelligence (AI) research company, announced a new “strategic partnership.”

4 months ago