94% of Asian Private Wealth Investors Engaged in Crypto
A recent report by Aspen Digital reveals that 94% of Asia’s private wealth sector is either already invested in digital assets or planning to do so in the near future. Of this…
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Forcount Promoter Sentenced to 20 Years in Prison for $8.4M Fraud
Juan Tacuri, a senior promoter of the Forcount Ponzi scheme, has been sentenced to 20 years in prison for defrauding investors out of $8.4 million. The United States Department of Justice (DOJ)…
Security Firm’s Misstep Exposes Users to Further Risks
Crypto security firm Ancilia faced backlash after mistakenly sharing a harmful wallet drainer link while trying to help victims of the $52 million hack on Radiant Capital, a blockchain lending protocol. This…
Trump-Backed PAC Raises $7.5 Million in Crypto for 2024 Election Bid
The Donald Trump-supporting political action committee (PAC), “Trump 47,” has raised $7.5 million in cryptocurrency between July and September 2024. This significant amount, largely in Bitcoin (BTC) and Ethereum (ETH), highlights the…
Italy Proposes Raising Bitcoin Capital Gains Tax to 42%
The Italian government is considering a significant increase in the capital gains tax on Bitcoin, raising it from 26% to 42%, according to Deputy Economy Minister Maurizio Leo. The proposal is part…
MicroStrategy Shares Surge Over 1,500% Since 2020
MicroStrategy’s stock has skyrocketed by over 1,540% since 2020, significantly outperforming the S&P 500, which grew just over 111% during the same period. This remarkable growth has outpaced every company in the…
Indian Police, Binance Dismantle Fraudulent Solar Energy Scheme
Indian authorities, with support from crypto exchange Binance, have taken down a major scam involving M/s Goldcoat Solar, a fraudulent entity posing as part of India’s national solar energy initiative. The criminals…
Tesla Transfers Entire $765 Million Bitcoin Stash to Unknown Wallets
Tesla has moved all of its Bitcoin holdings, valued at over $765 million, to unidentified wallets in a surprising transfer. Data from Arkham Intelligence shows that the company’s 11,500 Bitcoin was moved…
Grayscale Seeks SEC Approval to Convert Multi-Crypto Fund into ETF
Grayscale Investments is moving forward with plans to convert its $524 million multi-cryptocurrency fund into an exchange-traded fund (ETF). The company recently filed a request with the U.S. Securities and Exchange Commission…
Cash Is King When Digital Payment Systems Fail
When hurricanes and other natural disasters strike, they expose the limits of digital finance and emphasize the importance of cash. While mobile apps like Venmo, Bitcoin wallets, and contactless payments have made…
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