Today in Crypto: Prosecutors Impose Travel Ban on Haru Execs, US Retailers Hit with Bomb Threats & Bitcoin Demands, Gemini Allows Withdrawals for Voyager Users

Today in Crypto: Prosecutors Impose Travel Ban on Haru Execs, US Retailers Hit with Bomb Threats & Bitcoin Demands, Gemini Allows Withdrawals for Voyager Users

ByJcla

Legal news Prosecutors banned key officials from Haru Investment, Delio, and B&S Holdings from leaving South Korea in connection with “the criminal complaint of digital asset managers for “serial suspending withdrawals” fraud,” Digital Asset reported. The ban has been imposed as a preemptive measure to prevent the executives from leaving the country, while the Seoul Southern District Prosecutors’ Office allegedly investigates a…

2020 Twitter Hack Mastermind Gets Five-Year Sentence for Crypto Theft

2020 Twitter Hack Mastermind Gets Five-Year Sentence for Crypto Theft

ByJcla

A culprit in the infamous 2020 Twitter hack who phished thousands of dollars in Bitcoin from Twitter users has been sentenced to five years in prison for his crime, as well as for a separate SIM swapping scheme. During the sentencing in the U.S. District Court for the Southern District of New York on Friday,…

Volatility Shares Trust Seeks SEC Approval for Leveraged Bitcoin Futures ETF

ByJcla

A new exchange-traded fund (ETF) backed by Bitcoin (BTC) futures and with 2x leverage is set to go live on Tuesday after the Securities and Exchange Commission (SEC) appears to have given the greenlight. The ETF, sponsored by Volatility Shares Trust, will be listed on the CBOE BZX Exchange under the ticker BITX, according to an SEC filing….

Sam Bankman-Fried Shot Crypto MasterClass Prior to FTX Collapse

Sam Bankman-Fried Shot Crypto MasterClass Prior to FTX Collapse

ByJcla

Disgraced crypto boss Sam Bankman-Fried had shot a tutorial video on cryptocurrency for MasterClass, a platform that offers courses taught by celebrity experts. The video, made last summer, was not included with other lessons presented by crypto and blockchain experts that MasterClass announced in December last year following FTX’s collapse in November. Bankman-Fried’s MasterClass was apparently scrapped after it…

Crypto Community Divided over BlackRock’s Recent Bitcoin ETF Application

Crypto Community Divided over BlackRock’s Recent Bitcoin ETF Application

ByJcla

Asset management giant BlackRock’s recent application to launch a Bitcoin exchange-traded fund (ETF) has stirred a debate within the crypto community, with mixed reactions and concerns about the involvement of traditional financial giants in the industry. The world’s largest asset manager’s move to enter the crypto space is seen by many as a significant validation for the…

Bitcoin Mining Operation for Pool Heating Sparks Debate at NYC Spa

Bitcoin Mining Operation for Pool Heating Sparks Debate at NYC Spa

ByJcla

A Brooklyn-based bathhouse and spa has sparked debate after it revealed it was operating a small-scale Bitcoin (BTC) mining operation that heats its swimming pools. In a Wednesday Instagram post, Bathhouse revealed that its pools are heated with byproduct energy from Bitcoin mining. The bathhouse uses the heat generated from Bitcoin mining rigs, hardware systems that execute the Bitcoin network’s…

FTX Seeks to Recover $700 Million from Sam Bankman Fried’s Affiliated Funds

FTX Seeks to Recover $700 Million from Sam Bankman Fried’s Affiliated Funds

ByJcla

Now-defunct cryptocurrency exchange FTX has sued a former aide of Hilary Clinton and the former aide’s investment firm, K5 Global, to retrieve $700 million in funds. On Thursday, the company filed a complaint in Wilmington, Delaware, bankruptcy court, asking back the $700 million its founder Sam Bankman-Fried transferred to K5 entities in 2022. The lawsuit names K5 Global, Mount Olympus Capital, and…

Binance Labs and CoinFund Lead $10 Million Funding Round for Cosmos Blockchain Neutron

Binance Labs and CoinFund Lead $10 Million Funding Round for Cosmos Blockchain Neutron

ByJcla

Binance Labs and CoinFund have co-led a $10 million funding round for Neutron, a cross-chain smart contract platform focused on interchain security within the Cosmos ecosystem. Binance Labs, the investment arm of leading cryptocurrency exchange Binance, took the lead in the funding round, Binance said in a Wednesday blog post. Cryptonative investment firm CoinFund co-led the funding. Delphi Ventures, LongHash, and Nomad also participated in the round….

Venezuela’s Cryptocurrency Mining Ban Damages Industry Maduro Once Supported

Venezuela’s Cryptocurrency Mining Ban Damages Industry Maduro Once Supported

ByJcla

Venezuela’s ban on cryptocurrency mining has severely damaged the industry that President Nicolás Maduro once supported. Back in March, the state regulators ordered a halt on mining cryptocurrencies after an investigation into a corruption scheme in which crypto wallets redirected payments owed to the state-run oil company Petróleos de Venezuela. So far, around 80 people have been arrested in…

US Federal Agencies Unite to Form ‘Mini-FBI’ for Dark Web Crypto Crime

US Federal Agencies Unite to Form ‘Mini-FBI’ for Dark Web Crypto Crime

ByJcla

The U.S. government has established a new task force for targeting crypto crime consisting of five investigators from different federal agencies. Established on June 15, the “Darknet Marketplace and Digital Currency Crimes Task Force,” aims to “disrupt and dismantle criminal organizations” that use the “appearance of anonymity” provided by digital currencies to enable drug trafficking, money…

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