In a recent interview on Bloomberg TV, Jamie Dimon, CEO of JPMorgan Chase, reiterated his strong skepticism towards Bitcoin. Despite JPMorgan’s involvement in BlackRock’s spot BTC exchange-traded fund (ETF), Dimon referred to Bitcoin as a “fraud” and a “Ponzi scheme.”…
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The Rise and Fall of the CryptoQueen’s Partner: 20 Years in Prison for a $4 Billion Ponzi Fraud
Introduction In the ever-evolving world of cryptocurrencies, scams and frauds have unfortunately become all too common. One such case that has recently come to light involves the partner of the infamous “CryptoQueen,” who has been sentenced to 20 years in…
Three Men Charged by U.S Authorities Over $722 Million Crypto Ponzi Scheme
Three men have been charged by U.S authorities for having taken part in a $722 million cryptocurrency Ponzi scheme. The three Matthew Brent Goettsche 37, Joseph Frank Abel 49, and Jobadiah Sinclair Weeks 38, have all been charged with conspiracy…
Suspected Crypto Ponzi Scheme Bitconnect, Faces Another Lawsuit
Author – Sam Reads, United Kingdom A new lawsuit filed against Suspected Crypto Ponzi Scheme Bitconnect with the US District Court of Northern California. UK-based Bitconnect faces a new lawsuit, which could be the sixth or higher suit filed against the…
Bitcoin 2024: Ric Edelman’s Take on ETFs, Price Predictions & Regulatory Hurdles – Is Crypto Right for Your Portfolio?
Bitcoin’s future in 2024 holds significant events, especially the recent Bitcoin halving and the emergence of new ETFs. Ric Edelman, a prominent figure in finance, shared thoughts on what’s next for Bitcoin and the broader crypto market. Bitcoin Halving and…
Hong Kong Approves Six Crypto Based Spot ETFs Set to Begin Trading April 30
Hong Kong has taken a significant step in embracing the world of cryptocurrencies by officially approving six crypto-based spot Exchange-Traded Funds (ETFs) to commence trading on April 30, according to analysts at Bloomberg. This move marks a positive development for…
Swiss Bitcoin Advocates Launch 100K National Referendum Campaign to Include Bitcoin in National Reserves
Bitcoin advocates in Switzerland have embarked on a significant campaign to initiate a National Referendum, urging the Swiss National Bank (SNB) to include Bitcoin, the flagship digital asset, in its asset reserves. Spearheaded by Yves Bennaïm, the founder and chairman…
IMF Report Details How Bitcoin Aids Cross Border Flows in Economically Strained Nations
The International Monetary Fund (IMF) has recently released a report titled “A Primer on Bitcoin Cross-Border Flows,” shedding light on the escalating role of Bitcoin (BTC) as a critical channel for cross-border financial transactions in an era of global financial…
Positive Signals for Mt. Gox Creditors: Updates on Repayment Data and Compensation
In a significant development for users of the hacked cryptocurrency exchange Mt. Gox, there have been positive signals regarding the long-awaited compensation for their lost funds. The Mt. Gox trustee recently updated crucial repayment data, providing hope to the numerous…
KuCoin Achieves Compliance with India’s FIU-IND Amid Strict Cryptocurrency Regulations
The FIU-IND, essential in India’s financial crime prevention efforts, scrutinizes financial transactions to combat money laundering. Cryptocurrency exchange KuCoin navigated regulatory challenges to align with FIU-IND’s strict compliance requirements, amidst India’s tight cryptocurrency regulations. Achieving compliance, KuCoin has been recognized…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
