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The SEC alleged Geosyn Mining’s co-founders misappropriated $1.2 million of its investors’ funds, spending it on holidays, nightclubs and firearms.

SEC sues Bitcoin miner Geosyn, accusing founders of $5.6M fraud

The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Geosyn Mining and its co-founders, alleging they defrauded investors out of $5.6 million by lying about the...

5 months ago

KPMG Canada partner Kunal Bhasin says rising debt and increasing inflation have likely attracted institutional investors into crypto.

39% of Canada’s institutional investors have exposure to crypto: KPMG

Canada-based institutional investors significantly increased their crypto exposure last year compared to the last bull run, a survey from accounting firm KPMG has revealed. Nearly 40% ...

5 months ago

The Lummis-GillibrandPayment Stablecoin Act introduced to the Senate could see big banks encouraged to take steps into the stablecoin market, says S&P Global Ratings.

Banks could flood into stablecoins if new bill passes: S&P Global

A new stablecoin-focused bill introduced to the United States Senate could “encourage” U.S. banks to step into the stablecoin market, says global ratings firm S&P Global Ratings....

5 months ago

California-based venture capital firm Pantera Capital has reportedly won another bid for discounted SOL tokens from a collapsed exchange.

Pantera Capital wins another bid for discounted Solana tokens in FTX bankruptcy auction

Pantera Capital, a Menlo Park-headquartered crypto venture capital firm, has won another pack of discounted Solana’s SOL tokens in an auction organized by the administrators mana...

5 months ago

California-based venture capital firm Pantera Capital has reportedly won another bid for discounted SOL tokens from a collapsed exchange.

Pantera Capital wins another bid for discounted Solana tokens in FTX bankruptcy auction

Pantera Capital, a Menlo Park-headquartered crypto venture capital firm, has won another pack of discounted Solana’s SOL tokens in an auction organized by the administrators mana...

5 months ago

Stripe Aims to Expand Services

Stripe to Resume Crypto Payments, Starting with USDC Stablecoin on Numerous Blockchains

Fintech giant Stripe has announced its decision to once again allow customers to accept cryptocurrency payments after a six-year break. The company is starting with USDC stab...

5 months ago

The Block — then Square — CEO initially suggested the idea of a collaborative approach to decentralize Bitcoin mining in October 2021.

Jack Dorsey’s Block announces development of ‘full Bitcoin mining system’

Payments firm Block, formerly known as Square, has announced plans to develop a Bitcoin mining system in response to challenges faced by mining operators. In an April 23 blog post, Blo...

5 months ago

Binance founder and former CEO Changpeng Zhao is expected to be sentenced on April 30 after pleading guilty to money laundering in November 2023.

Binance founder should be jailed for 36 months, US prosecutors say

As the United States authorities are preparing to give a sentence to Binance founder Changpeng “CZ” Zhao on April 30, prosecutors have requested jail time for the former CEO.

5 months ago

The new legislation would impact crypto-asset service providers, like centralized crypto exchanges under MiCA.

EU enacts crypto regulations to combat money laundering

The European Parliament approved new regulations that establish formal due diligence obligations for cryptocurrency companies with the goal of combating money laundering. The new ...

5 months ago

BlackRock’s Bitcoin ETF inflow streak ended on April 24 after IBIT recorded no inflows for the day, according to data from Farside.

BlackRock’s Bitcoin ETF daily inflow hits $0 for the first time

BlackRock iShares Bitcoin Trust (IBIT) has notched its first day of $0 in inflows since Bitcoin exchange-traded funds (ETFs) were introduced in the United States in January. ...

5 months ago