Category Archives: Bitcoin

Americans lost over $5.6 billion to cryptocurrency fraud schemes in 2023, with investment fraud accounting for the majority of losses, according to the FBI (PDF). The Associated Press reports: The FBI received nearly 70,000 complaints in 2023 by victim… Continue reading Americans Lost $5.6 Billion Last Year In Crypto Fraud Scams→

Wyoming is pioneering the next phase of crypto growth by creating its own U.S. dollar-backed stablecoin, the Wyoming stable token. The state aims for an early 2025 launch and have it serve as a model for a digitized dollar at the federal level, while a… Continue reading Wyoming Is Pushing Crypto Payments, Trying To Beat the Fed To a Digital Dollar→

Former President Donald Trump is about to launch a crypto platform called “The DeFiant Ones,” according to a post of his on Truth Social. “For too long, the average American has been squeezed by the big banks and financial elites,” Trump wrote. “It’s t… Continue reading Trump Promotes Family’s New Crypto Platform, ‘The DeFiant Ones’→

The Dubai Court of First Instance has declared that cryptocurrency can be used as a legal form of salary under employment contracts. CoinTelegraph reports: Irina Heaver, a partner at UAE law firm NeosLegal, explained that the ruling in case number 1739… Continue reading Dubai Court Recognizes Crypto As a Valid Salary Payment→

FTX has been ordered to pay $12.7 billion in relief to its customers, according to the Commodity Futures Trading Commission (CFTC). In a statement, CFTC Chairman Rostin Behnam said the crypto exchange drew customers in with “an illusion that it was a s… Continue reading FTX Ordered To Pay $12.7 Billion To Customers, US CFTC Says→

Nikhilesh De writes via CoinDesk: A federal judge ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future securities law violations on Wednesday. District Judge Analisa Torres, of the Southern District of New York… Continue reading Judge Fines Ripple $125 Million, Bans Future Securities Law Violations→

Starting today, Morgan Stanley’s advisors are allowed to offer bitcoin ETFs to some clients — a first among major Wall Street banks. “Those funds are BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund,” reports CNBC. From the re… Continue reading Morgan Stanley Tells Wealth Advisors They Can Pitch Bitcoin ETFs→