Bitcoin News Roundup for May 6, 2020

NEWS The FBI has arrested the CEO of cryptocurrency platform AriseBank after he was indicted over an alleged multi-million dollar scam. The new was announced Wednesday by the U.S. Attorney’s Office of the Northern District of Texas, which states that 30-year-old Jared Rice Sr. tricked hundreds of investors out of over $4 million and has…

Sam Bankman-Fried wants to argue lawyers' involvement shows he didn't realise company loans were improper.He's asked Judge Lewis Kaplan for permission to quiz FTX co-founder Gary Wang about the issue.Lawyers for Sam Bankman-Fried want to quiz FTX co-founder Gary Wang about his reliance on legal advice when agreeing to a series of loans from linked

The U.S. Securities and Exchange Commission (SEC) sued internet marketer Richard Schueler, known online as Richard Heart, and his projects Hex, PulseChain and PulseX, alleging he raised over $1 billion across three different unregistered securities offerings beginning in 2019.Heart also defrauded his investors, the SEC alleged in a lawsuit on Monday, by using investor funds…

Nov 19, 2020 at 9:21 p.m. UTCUpdated Nov 19, 2020 at 9:22 p.m. UTCCoinDesk 20 Bitcoin Price IndexMarket Wrap: Bitcoin Hangs Around $18K While Ether Locked in DeFi DeclinesBitcoin steadied around $18,000 after record volumes on Wednesday while Ethereum 2.0 may be causing some investors to move ether out of decentralized finance (DeFi).Bitcoin (BTC) trading…

119,876 – that's how many ethereum ERC-20 tokens are currently in existence. It's a number that is growing by the hundreds every day, but the trouble is, according to Loi Luu, the CEO and co-founder of decentralized exchange Kyber Network, the majority of those tokens fall short of a practical use case. "What we observe…

news Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has launched a lending business in its bid to attract customer deposits. The company said in an announcement on Monday that Binance Lending will be available for customer subscription starting from 6:00 UTC on Aug. 28, on a first-come, first-served basis. Initially, users will…

An initial coin offering for Metronome let the market find its price with a reverse auction that sold 8 million tokens.

Aug 19, 2020 at 21:33 UTCUpdated Aug 19, 2020 at 21:43 UTCHigh Ethereum Fees Push Tether to Its Eighth Blockchain, OMG NetworkTether has adopted Ethereum scaling solution OMG Network amidst record demand for settlement space on the “world computer.” “The integration [between Tether and OMG Network] will result in a reduction of confirmation times delivering…

I didn’t really have anything prepared to write about this week but the Department of Justice is on it. Prosecutors told the judge overseeing Sam Bankman-Fried’s criminal trial that they intend to fold campaign finance allegations into a wire fraud charge, after announcing they would have to drop the campaign finance charge itself due to…