David Kagel, 86, received five years of probation and nearly $14 million in restitution for his role in a crypto Ponzi scheme. From 2017 to 2022, he and his accomplices defrauded investors with a fake crypto trading bot, amassing millions. The case shows digital financial crimes are not limited to the young or tech-savvy.
KikyoThailand's SEC is modernising its regulations to allow mutual and private funds to invest in cryptocurrencies, including U.S.-listed ETFs. This move aims to attract institutional investors and establish clear rules for various digital assets while enhancing market integrity and compliance.
WeatherlyCybersecurity firm Doctor Web reported discovering malware disguised as legitimate software that has impacted over 28,000 users, yet the hackers only managed to steal about $6,000 in crypto. Is this a heist gone wrong or simply bad luck for the attackers?
CatherineSouth Korea recognises cryptocurrencies as marital assets in divorce cases, allowing spouses to divide both tangible and intangible assets. This stems from a 2018 Supreme Court ruling that classified cryptocurrencies as property, enabling courts to investigate and determine the value of hidden digital assets during divorce proceedings.
AnaisSouth Korea's Financial Services Commission is investigating Upbit, the largest cryptocurrency exchange, due to concerns about its significant influence on K Bank, which relies on Upbit deposits for nearly 20% of its assets. Lawmakers fear that any issues with Upbit could lead to a bank run on K Bank, highlighting the risks associated with their close relationship and the need for regulatory oversight in the cryptocurrency market.
AnaisOn October 9, 2024, the Bitcoin 2024 Amsterdam Conference, a global Bitcoin industry event, was grandly opened at Westergas in Amsterdam, the Netherlands.
AlexOn Thursday (October 10), Bitcoin continued its downward trend yesterday and is currently trading around $60,500. Although the latest Federal Reserve minutes released dovish signals, it failed to boost Bitcoin. At the same time, Musk bluntly said that if Trump loses the election, he will be finished, Bitcoin will be finished, and Dogecoin will be finished.
Miyuki
WeiliangSolana's gaming ecosystem is growing with SonicX, a tap-to-earn game integrated into TikTok via Solana's Sonic SVM. Following Notcoin's success, SonicX aims to attract a new player base by blending gaming with social media. The key question: will it mirror Notcoin's success or fade away like many others?
CatherineRipple has filed a cross-appeal in response to the SEC’s 2 October appeal which challenges the favourable 7 August ruling. Ripple is now prepared to take the fight to a higher US court. Will this prolonged legal battle ever find a resolution?
Kikyo