Auto Added by WPeMatico

US Court Sentences Onecoin’s Head of Legal and Compliance to 4 Years in Prison

A U.S. court has sentenced Onecoin’s purported head of legal and compliance to four years in prison. She “facilitated and committed money laundering, aiding in the exploitation of millions of…

Continue ReadingUS Court Sentences Onecoin’s Head of Legal and Compliance to 4 Years in Prison

Goldman Sachs Wealth Management CIO: Crypto Is Not an Investment Asset Class

The chief investment officer of Goldman Sachs’ Wealth Management unit does not see cryptocurrency as an investment asset class. She also believes that bitcoin “creates absolutely no value in any…

Continue ReadingGoldman Sachs Wealth Management CIO: Crypto Is Not an Investment Asset Class

Ripple’s Legal Chief Urges SEC to Own up to Its Mistakes After Years of ‘Misguided War on Crypto’

Ripple’s chief legal officer has urged the U.S. Securities and Exchange Commission (SEC) to own up to its multiple missteps in enforcement actions against the crypto industry. He referenced court…

Continue ReadingRipple’s Legal Chief Urges SEC to Own up to Its Mistakes After Years of ‘Misguided War on Crypto’

Google Sues Chinese Nationals for Running Crypto Scam Using Google Play App Store

Tech giant Google has filed a lawsuit against two Chinese nationals, accusing them of developing fraudulent cryptocurrency apps on the Google Play store and defrauding more than 100,000 users globally.…

Continue ReadingGoogle Sues Chinese Nationals for Running Crypto Scam Using Google Play App Store

Banks Seek to Purchase Bitcoin Directly From BTC Mining Firm Hut 8, Says CEO 

Per the CEO of Hut 8, a bitcoin mining company listed on the Toronto stock exchange, major financial institutions have made inquiries to purchase bitcoin directly from the firm. Additionally,…

Continue ReadingBanks Seek to Purchase Bitcoin Directly From BTC Mining Firm Hut 8, Says CEO 

10 Spot Bitcoin ETFs Now Hold Over 507,000 BTC, Securing 2.57% of Circulating Supply

On Wednesday, the U.S. spot bitcoin exchange-traded funds (ETFs) saw a modest uptick in positive inflows, amassing a total of $113.5 million across a trading volume of $2.31 billion. The…

Continue Reading10 Spot Bitcoin ETFs Now Hold Over 507,000 BTC, Securing 2.57% of Circulating Supply

Binance Establishes Its First Board of Directors, Remains Without Global Headquarters

After years of operating without a board, Binance recently established its first board of directors, chaired by a former diplomat from Barbados. The cryptocurrency exchange still lacks a global headquarters.…

Continue ReadingBinance Establishes Its First Board of Directors, Remains Without Global Headquarters