US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect

The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice. Bitconnect’s Founder Could Go to Prison for 70 Years The U.S. Department of Justice (DOJ) announced […]

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US SEC Threatens to Sue Crypto Exchange Coinbase, CEO Brian Armstrong Responds

US SEC Threatens to Sue Crypto Exchange Coinbase, CEO Brian Armstrong RespondsThe U.S. Securities and Exchange Commission (SEC) has threatened to sue the Nasdaq-listed cryptocurrency exchange Coinbase over its lending product. The exchange says, “We don’t know why … We got no explanation from the SEC.” Coinbase Threatened by SEC Coinbase revealed Tuesday that it received a Wells notice from the SEC last Wednesday about its […]

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