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Ex-CEO of Investment Firm Pleads Guilty to Cryptocurrency Fraud Scheme

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.

Crypto Hedge Fund Protocol Ventures to Shut Down Amid Market Fraught

Crypto Hedge Fund Protocol Ventures to Shut Down Amid Market Fraught

Protocol Ventures is another major crypto hedge fund falling into liquidation crisis after Three Arrows Capital.

US Congress’ Attack on Amazon, Google, Apple and Facebook Continues, Can Blockchain Benefit?

US Congress’ Attack on Amazon, Google, Apple and Facebook Continues, Can Blockchain Benefit?

As the antitrust hearing with tech giants Amazon, Apple, Facebook, and Google (Alphabet) continues, the question of whether decentralization will subsequently rise as a result of the legal tech-policy hearing has been brought up.

Bybit to Bolster its Options Trading Services With SignalPlus Partnership

Bybit to Bolster its Options Trading Services With SignalPlus Partnership

Singapore-based digital currency trading platform has announced its latest partnership with SignalPlus, a high-tech powered Options trading dashboard provider in the crypto industry

Vietnamese Scientists Revolutionize AI in Mathematics with AlphaGeometry

Vietnamese Scientists Revolutionize AI in Mathematics with AlphaGeometry

Vietnamese scientists are advancing in AlphaGeometry, AI Mathematics, and solving geometry problems using synthetic data, neural language models, symbolic engines, Google DeepMind, and educational AI.

Tether's Blockchain Ecosystem Continues to Grow with USDT Launch on Bitcoin Cash Network

Tether's Blockchain Ecosystem Continues to Grow with USDT Launch on Bitcoin Cash Network

Tether’s USDT token, the world’s largest stablecoin by marketcap, has launched on the Bitcoin Cash network. USDT is also available on Algorand, EOS, Tron, Omni and the Liquid Network.

OpenSea: A Glimpse into January 2024's NFT Landscape

OpenSea: A Glimpse into January 2024's NFT Landscape

OpenSea's January 2024 digest reveals exciting NFT trends, including Dmitri Cherniak's 'Ringers' sculpture, Disney's 'Steamboat Willie' entering the NFT space, and The Fabricant's AI-driven digital fashion collection. These developments showcase the growing intersection of art, technology, and digital ownership in the NFT marketplace.

Tether Amplifies Cryptocurrency Presence in Georgia: Invests in Payment Processor CityPay.io

Tether Amplifies Cryptocurrency Presence in Georgia: Invests in Payment Processor CityPay.io

Tether Operations Limited (USDT issuer), the driving force behind the highly adopted stablecoin blockchain platform tether.to, has magnified its presence in Georgia's cryptocurrency landscape through a strategic investment in CityPay.io.

Google Struggles with Ad Revenue as Crypto Firms Reduce Spending

Google Struggles with Ad Revenue as Crypto Firms Reduce Spending

Alphabet said that reduced ad spending by crypto companies has hurt Google's revenue growth during the third quarter of 2022.

Largest U.S. Public Pension Fund Holds Over 100,000 Shares in Bitcoin Miner RIOT Blockchain

Largest U.S. Public Pension Fund Holds Over 100,000 Shares in Bitcoin Miner RIOT Blockchain

The largest U.S. public pension fund, CalPERS increased its stake in RIOT Blockchain (RIOT), a Bitcoin mining firm, during Bitcoin’s sensational price surge at the end of 2020.

Breaking: CoinsPaid, AtomicWallet, and Alphapo Incidents All Connected to North Korea's Lazarus Group

Breaking: CoinsPaid, AtomicWallet, and Alphapo Incidents All Connected to North Korea's Lazarus Group

MistTrack links CoinsPaid, AtomicWallet, and Alphapo incidents to North Korea's Lazarus Group. The hacks, totaling over $183M, highlight the need for robust crypto security.

Legal Team of Samuel Bankman-Fried Seeks to Question Involvement of FTX Lawyers in $300 Million Loans

Legal Team of Samuel Bankman-Fried Seeks to Question Involvement of FTX Lawyers in $300 Million Loans

Samuel Bankman-Fried's defense team has submitted a letter to U.S. District Judge Lewis A. Kaplan, seeking permission to question the involvement of FTX lawyers in the issuance of loans worth up to $300 million from Alameda Research to Gary Wang. The request comes after an October 1 court ruling provisionally barred any mention of FTX lawyers' involvement without prior permission. The defense aims to establish Bankman-Fried's good faith and lack of criminal intent in the ongoing money laundering case.

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