CRYPTOCURRENCY
Peter Kambolin Sentenced for Fraudulent Scheme in Cryptocurrency Futures Trading
Peter Kambolin, former CEO of Systematic Alpha Management LLC, was sentenced for a fraudulent "cherry-picking" scheme in cryptocurrency futures, underscoring the need for stringent regulatory oversight in crypto trading.
Schiff Warns Against Bitcoin ETF Hype as Hoskinson Reacts
Bitcoin critic Peter Schiff warns against Bitcoin ETFs due to limited utility and investment risks, causing Cardano's Charles Hoskinson to respond with humor, highlighting Schiff's early skepticism in 2024.
Ex-CEO of Investment Firm Pleads Guilty to Cryptocurrency Fraud Scheme
Peter Kambolin, the ex-CEO of Systematic Alpha Management, pleaded guilty to a conspiracy to commit commodities fraud involving cryptocurrency futures contracts, as revealed by the DOJ on October 12, 2023. The case, marking a milestone as the first of its kind, unveils a "cherry-picking" scheme where Kambolin misallocated profitable trades to his accounts, misrepresenting trading focuses to investors. With legal proceedings underway, Kambolin faces up to five years in prison, showcasing the authorities' resolve against financial fraud in the crypto sector.
Alpaca Debuts Private Equity Real Estate
Alpaca, a New York-based alternative investment firm, has launched a private equity real estate platform, Alpaca Real Estate (ARE), led by Daniel Carr and Peter Weiss. The platform, with significant backing from GCM Grosvenor, aims to leverage technology and operational strategies to enhance real estate investment returns amid current market dislocations.
Marathon Digital Holdings Sells Some of Its Bitcoin for the First Time
In January, Marathon Digital, the second-largest Bitcoin holder after Michael Saylor's Microstrategy, sold 1,500 BTC.
It is High Time to Rethink Holding Strategies as FTX Crisis Roams, Says Blockchain.com CEO
Speaking on CNBC’s “Closing Bell” Thursday, Blockchain.com CEO Peter Smith deemed the collapse of crypto exchange FTX as “a tragedy and total failure of governance.”
'It's Nothing Without its Energy Consumption', Says Peter Brandt against BTC
Peter Brandt, one of the most vocal critics of Bitcoin (BTC) has taken a jab at the digital currency again, dwelling on the coin’s energy correlation with its value this time.
Puerto Rican Regulators Closes Peter Schiff's Bank - a Case for Decentralization?
Puerto Rican authorities have closed down the Euro Pacific Bank, a local financial institution that belongs to Peter Schiff, the world’s most vocal Bitcoin (BTC) critic.
Peter Brandt Says Will Not Use 'Enemy's Cash' to Buy ETH, Here's Why
Considering this bearish crypto market outlook, Peter Brandt, one of the most vocal analysts in the digital currency ecosystem is not bullish on Ethereum in the near future.
Bitcoin Bull Peter McCormack Becomes Football Club Owner
Hardcore Bitcoin (BTC) investor Peter McCormack has announced that he has acquired English football club Bedford FC, which he hopes to build using the Bitcoin standard.