SEC unable to locate BitConnect founder convicted in $2.4B fraud case
BitConnect founder is being sued for illegally raising funds and defrauding American investors of over $2 billion. Go to Source Powered by WPeMatico
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US Treasury Dept lists digital currencies as part of effort to sanction Russia’s government
The Treasury Department guidelines equated crypto transactions to “deceptive or structured transactions or dealings” in attempting to evade U.S. sanctions. Go to Source Powered by WPeMatico
Crypto firms may still face SEC penalties for self-reporting securities laws violations: Report
SEC enforcement director Gurbir Grewal reportedly said the agency wouldn’t be ignoring the funds or securities laws violations for crypto companies that come to them. Go to Source Powered by WPeMatico
Are crypto and blockchain safe for kids, or should greater measures be put in place?
Age verification and educations around the implications of blockchain technology should be enforced for minors dabbling in the crypto space. Go to Source Powered by WPeMatico
DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme
A San Diego-based federal grand jury charged Kumbhani for orchestrating an alleged Ponzi scheme via BitConnect’s “Lending Program” among other allegations. Go to Source Powered by WPeMatico
Gemini joins Coinbase and Block at the Crypto Council for Innovation
The crypto exchange declared it spent $120,000 on lobbying activities in the U.S. in the third and fourth quarters of 2021. Go to Source Powered by WPeMatico
Crypto could bypass President Biden’s ‘devastating’ sanctions on Russian banks and elites: Report
“If a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin,” said Mati Greenspan. Go to Source Powered by WPeMatico
Russia to seize retail deposits if sanctions go too far, official warns
Russia’s largest bank, Sberbank, has denied its own supposedly false statement on being included in the U.S. sanctions list on Thursday. Go to Source Powered by WPeMatico
BNY Mellon partners with Chainalysis to track users’ crypto transactions
Bank of New York Mellon, the world’s largest custodian bank, has partnered with blockchain software firm Chainalysis to track its users’ crypto transactions. Go to Source Powered by WPeMatico
Crypto Twitter is not happy with the name and logo of Jamaican CBDC
The Jam-Dex is named after the Jamaican Digital Exchange following a competition. Its slogan is “no cash, no problem.” Go to Source Powered by WPeMatico