Two Ontario men, one of whom is a self-described “Crypto King,” have been arrested and charged with fraud. They allegedly received over C$40m ($29.4m) from investors. Aiden Pleterski, 25, was charged with fraud exceeding C$5,000 and laundering criminal proceeds on May 2. His associate, Colin Murphy, 27, also faced fraud charges but was released on an…
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The Chicago Mercantile Exchange (CME) is reportedly planning to launch Bitcoin trading, seeking to capitalize on the swelling demand for Bitcoin among Wall Street fund managers this year. The Financial Times reported Thursday that the CME has been in talks with crypto traders about offering a regulated marketplace for buying and selling Bitcoin. Plans are…
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Eclipse Labs founder and CEO Neel Somani has officially stepped down and been replaced by Vijay Chetty “effective immediately” following allegations of sexual misconduct. In a social media post, Eclipse Labs announced the departure of Somani and Chetty’s promotion from chief growth officer to CEO. “Chetty brings over a decade of crypto-native experience to the…
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Two Russian teenagers have been arrested in a crackdown on a suspected crypto-powered “money laundering” ring, a police source claimed on May 14. Per the news agency URA, an unnamed “law enforcement agency” member in the Khanty-Mansi Autonomous Okrug said the teenage brothers “attracted other teens” in the region to their scheme. Russian Teens Ran…
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The recent two-day outage of the Degen Chain proved to be more than a minor inconvenience. It caused severe disruption as the network failed to produce a block for over 53 hours. This disruption had a cascading effect, rendering the network and its associated applications unusable. According to its block explorer, the network stalled at…
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On Wednesday, while equity markets experienced a rise following the release of the consumer price index (CPI) report, Gamestop’s stock GME tumbled 34%, and AMC’s shares fell more than 25%. Concurrently, the well-known ‘Roaring Kitty’ continued to share video clips of classic films, albeit with slight modifications. Meme Stock Slide: Gamestop, AMC Take Hits On…
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Robinhood Crypto’s customers in Europe can now stake their Solana holdings and earn rewards, thanks to a new program launched Wednesday. The platform also introduced a rewards program to attract new customers. “Robinhood Crypto customers can now stake their Solana (SOL) holdings directly through the app, allowing them to earn rewards with the flexibility to…
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Play-to-earn game, Guild of Guardians, is being made available globally on Google Play and the Apple app store, for mobile devices. Guild of Guardians, allows its players to earn $GOG tokens which are ERC-20 tokens that can be used across the Guild of Guardians ecosystem and universe. Play-to-earn games allow players to convert their rewards…
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Stablecoin issuer Circle plans to relocate its legal base from the Republic of Ireland to the US. Bloomberg reported on Wednesday that the company recently filed court paperwork to re-domicile. This follows Circle submitting plans for an initial public offering to the US securities regulator in January. “The initial public offering is expected to take…
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El Salvador, which became the first nation to use Bitcoin (BTC) as legal tender, could easily hold 5,750 Bitcoins, per “Bitcoin Office” report. The national Bitcoin Office is a government entity aimed at managing all projects related to the cryptocurrency. Per a Reuters report, the nation mined nearly 474 Bitcoins since 2021 using geothermal power…
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