The SEC Brings Forward a Fresh Allegation of Bitcoin-Linked Fraud: Statement from the Enforcement Director

The US Securities and Exchange Commission (SEC) has levied fraud allegations against Brian Sewell, the founder of the American Bitcoin Academy’s online cryptocurrency course, and his company Rockwell Capital Management. The allegations pertain to an purported scheme aimed at defrauding students enrolled in the online course. As per the SEC, Sewell purportedly urged his online…

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The launchpad mechanism of Jupiter sparks controversy within the crypto community.

This week, the Solana-based decentralized exchange Jupiter distributed JUP tokens valued at $700 million to early adopters through an airdrop. Following the distribution of hundreds of millions of dollars’ worth of JUP tokens to early Jupiter users, the project, renowned for its DEX aggregator, faces accusations of exploiting the hype to profit. The controversy revolves…

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Tether CEO Responds Strongly to JP Morgan’s Critiques!

In a recently published report, JP Morgan, a major US banking institution, raised concerns over the escalating dominance and rapid expansion of Tether in the stablecoin market. The report highlighted Tether’s perceived lack of legal compliance and transparency, deeming its increasing concentration as a potential risk for the stablecoin sector and the wider cryptocurrency ecosystem….

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Whale Watch: Notable Crypto Whales Make Waves with Big Transactions Across Altcoins

In recent hours, the activity of several cryptocurrency whales has captured the attention of on-chain analysts, as they engage in substantial transactions across various altcoins. One notable whale, identified by the short address 0xbe8, withdrew 2.6 million MATIC from Coinbase Prime, amounting to approximately $2.11 million. Interestingly, this withdrawal marks the first instance of this…

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Victoria VR is set to launch a metaverse application focused on cryptocurrency on Apple’s Vision Pro.

Victoria VR, an innovative developer bridging cryptocurrency and Virtual Reality (VR), has unveiled an ambitious initiative to advance the VR sector. The company is poised to release the inaugural metaverse application from a blockchain entity on Apple’s Vision Pro headset. Connecting Virtual Reality with blockchain technology. Victoria VR is set to release its metaverse app…

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Ethereum exchange-traded funds (ETFs) accumulate assets under management (AUM) totaling $5.7 billion, with Europe claiming the largest portion.

Ethereum futures ETFs lead the market, with Canada and Europe taking the lead, trailed by Brazil and the US. According to a report by CoinGecko on Feb. 2, the total assets of Ethereum (ETH) exchange-traded funds (ETFs) amount to $5.7 billion, with Europe holding an 81% majority share. The largest Ethereum ETF globally is XBT…

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JPMorgan expresses worry as the circulation of Tether’s USDT approaches $100 billion.

summary JPMorgan Chase & Co. has expressed reservations regarding the approaching $100 billion circulation of Tether Holdings’ USDT. According to the bank’s report, Tether’s “lack of regulatory compliance and transparency” could present a threat to the overall cryptocurrency ecosystem The potential participation of traditional financial institutions such as JPMorgan in the stablecoin market could significantly…

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Larry David admits to losing money on FTX as well, calling himself an “idiot” for endorsing the platform.

Comedian Larry David expresses remorse for participating in the Super Bowl ad for FTX and indicates a willingness to join the class action lawsuit against him and other celebrities.   Renowned for his blunt candor, Larry David is finally addressing his notorious appearance in a 2022 Super Bowl ad for FTX. Reflecting on the experience,…

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Binance Froze $4.2 Million XRP Stolen in Largest Crypto Hack of 2024: Ripple Co-Founder’s Personal Wallet Breached

In a significant turn of events, Binance, a prominent cryptocurrency exchange, has frozen $4.2 million worth of XRP that was part of the $112 million hack affecting Ripple co-founder Chris Larsen’s personal wallet on January 31, 2024. This incident stands out as the largest hack in the cryptocurrency space this year. CEO Richard Teng took…

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Binance broadens its margin trading offerings by introducing new altcoin pairs.

in brief Binance Margin provides users with an expanded array of opportunities for diversification and flexibility. The cryptocurrency market is renowned for its swift price changes and boundless chances for financial gain. Users of Binance Margin can broaden their investment portfolios and investigate alternative options within the cryptocurrency sphere. Binance, the globe’s premier cryptocurrency exchange,…

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