US, Canadian investors to get full compensation in GSB Group settlement
The German group is accused of running a multilevel marketing scheme that took in hundreds of millions of dollars in supposed crypto and metaverse investments.
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Russian Official Seeks Extradition of Alleged Bitcoin Fraudster Alexander Vinnik
Russia’s Commissioner for Human Rights Tatyana Moskalkova has asked Greek Justice Minister Michalis Kalogirou to extradite the alleged former operator of now-defunct crypto exchange BTC-e, Alexander Vinnik, to Russia. The news was reported by Russian news outlet TASS on Feb. 25.In a letter to Kalogirou, Moskalkova reportedly asked the Minister to extradite Vinnik to Russia…

Bitcoin price dives below $31K after lowest weekly close in 8 months
It’s doom and gloom for Bitcoin a day after the feared Grayscale unlocking event, with altcoins performing even worse. 1572 Total views 4 Total shares Bitcoin (BTC) fell below $31,000 support on Monday after sideways trading gave way to downside pressure. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewFresh pain for BTC priceData from Cointelegraph Markets Pro…

3AC: A $10B hedge fund gone bust with founders on the run
Three Arrow Capital (3AC), a Singapore-based crypto hedge fund that at one point managed over $10 billion worth of assets, became one of the many crypto firms that went bankrupt in this bear market. However, the fall of 3AC wasn’t purely a market-driven phenomenon. As more information surfaced, the collapse looked more like a self-inflicted crisis…

Protego’s conditional national bank status expired without approval: Report
In a week when the crypto industry – and the rest of the world – was beset by bad news about banking, one more banking setback has come to light. 165 Total views 2 Total shares Own this piece of history Collect this article as an NFTInstitutional cryptocurrency custodian Protego’s conditional national trust banking charter…

SEC issues subpoena to influencers promoting HEX, PulseChain and PulseX
The SEC issued subpoena as part of the investigation, which demanded the influencers in question to produce the required documents by Nov. 15, 2022. 207 Total views 13 Total shares Over several years, social media influencers have earned a bad rep among regulators for shilling risky and unvetted tokens to millions of investors. Pursuing the…

Ethereum bears look to score on Friday’s $340M weekly ETH options expiry
Ether (ETH) price has seen quite a bit of volatility lately and to the surprise of many traders, the $4,000 level continues to present considerable resistance. Currently, the price is respecting the upward channel which started in August but every time the support is tested, the risk of an aggressive correction increases. With that in…

US regulators consider regulating political deep fakes ahead of 2024 election
The Federal Election Commission in the U.S. unanimously voted to advance a petition to regulate political ads that use artificial intelligence. 160 Total views 1 Total shares The United States Federal Election Commission has pushed a petition forward in a unanimous vote on Aug. 10, which would potentially regulate deep fakes in political ads that…

FBI accused of violating MIT License in smart contract code usage
The FBI has faced claims over the improper use of OpenZeppelin’s libraries in its smart contracts, sparking legal concerns.