The former attorney has received probation for his actions due to his advanced age An 86-year-old former attorney from California, David Kagel, has been sentenced to five years of probation after admitting to his role in a multimillion-dollar cryptocurrency Ponzi scheme. The sentencing, which took place in early October, was handed down by Judge Gloria
The sting operation ensnared financial and cryptocurrency firms across the country The FBI recently netted 16 individuals in a groundbreaking sting operation by creating a fake cryptocurrency to catch fraudsters involved in market manipulation. The US government unsealed charges in Boston, accusing leaders from four cryptocurrency firms and four financial service companies of orchestrating large-scale
The company asserts that the securities watchdog has no jurisdiction over cryptocurrencies Crypto.com has filed a lawsuit against the US Securities and Exchange Commission (SEC), challenging the agency’s authority over the cryptocurrency market. The legal action follows the platform’s receipt of a Wells notice from the SEC, indicating that the regulator believes tokens traded on
The company has lost its latest challenge in an ongoing fight against the US government The US Supreme Court has declined to hear a case concerning the ownership of 69,370 Bitcoin, worth approximately $4.3 billion, that was seized from the dark web marketplace Silk Road. Battle Born Investments, the company that sought to claim these
A proposal would drastically reduce block times and increase the blockchain’s capacity A new proposal could soon bring a major speed boost to the Ethereum blockchain, potentially increasing its efficiency by reducing block times. Ethereum Improvement Proposal (EIP) 7781, introduced by Ben Adams on October 5, suggests slashing block times from 12 seconds to 8
Cullen Hoback is airing a new Bitcoin-based documentary on HBO Cullen Hoback, the filmmaker known for his investigative HBO series “Q: Into the Storm,” has hinted at uncovering one of the most elusive mysteries of the digital age: the identity of Bitcoin’s creator, Satoshi Nakamoto. His new documentary, titled “Money Electric: The Bitcoin Mystery,” is
The securities regulator is going to appeal a court’s ruling that gave Ripple an advantage The US Securities and Exchange Commission (SEC) has filed an appeal in the ongoing legal battle with Ripple, signaling that the regulator is not backing down. On October 2, the SEC submitted a notice of appeal aiming to challenge the
Jesse Pollak has been tapped by Coinbase to develop its wallet program Jesse Pollak, the creator of the Ethereum Layer 2 blockchain Base, has officially taken on a leadership role at Coinbase. Pollak will now oversee Coinbase Wallet while continuing to lead the Base team. This move is seen as a step toward improving the
The Winklevoss-led exchange is shutting down at the end of the year Cryptocurrency exchange Gemini has informed its Canadian customers that they need to withdraw their funds and empty their accounts by the end of 2024. In an email sent to users yesterday, the company, founded by the Winklevoss twins, announced that all accounts in
A crypto-stealing app lurked on Google Play and stole over $70,000 from victims According to cybersecurity firm Check Point Research, an alarming security breach on the Google Play Store led to more than $70,000 being stolen from crypto users. The company discovered a fraudulent app that had been active for over five months, using sophisticated
Adam Iza faces a number of federal charges that will likely lead to a long prison sentence Adam Iza, the founder of crypto trading platform Zort, faces serious charges involving cryptocurrency fraud, bribery, and the use of corrupt law enforcement officers to amass millions, according to a recent FBI affidavit. Federal prosecutors revealed that Iza
The crypto-based company is the latest to become a victim of cyberpirates Truflation, a blockchain-based platform focused on providing real-time inflation data, recently confirmed it was hit by a malware attack that resulted in the loss of over $2 million. The hack was identified after the team noticed unusual activity in the system, leading to
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