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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The ex-CFO of a private software company has been declared guilty of wire fraud after using the company’s cash to fund a cryptocurrency side business. Crypto Side Hustle Gone Wrong In a recent press release, the US Attorney’s Office, Western District of Washington, announced the conviction of Nevin Shetty, who misappropriated $35 million belonging to his former employer. The 41-year-old man from Mercer Island, Washington, resumed as the CFO of an unnamed private software company in March 2021, a time during which the firm was actively fundraising.…
As the BTC price tumbles below $100,000, Glassnode would like to share a depressing stat. If you’ve been stacking sats anytime since late spring, it’s fair to say the honeymoon is officially on pause.With Bitcoin trading at $96,000, a whopping 99% of investors who bought in the past 155 days are in the red.With a BTC price at $96K, 99% of recent buyers are in the redBTC price continues to slide but narrative is winning the dayNearly two weeks of selling pressure on the BTC price have left traders and Twitter prophets alike picking through the debris for signs of…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US Department of Justice (DOJ) has brought to light a new digital asset fraud scheme, culminating in the sentencing of a crypto CEO to almost five years in prison. Travis Ford, the CEO, co-founder, and head trader of Wolf Capital Crypto Trading, was found guilty of orchestrating a crypto investment fraud conspiracy. Ford, hailing from Glenpool, Oklahoma, is said to have played a crucial role in raising $9.4 million from around 2,800 investors through false promises of high returns. Promising Unrealistic Returns According to the Department…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto pundit Vincent Van Code has explained why companies shouldn’t custody their XRP holdings amid the rise in treasury companies. As part of his comments, he advocated that these companies gain the token exposure to ETFs and other regulated wrappers rather than holding the coins. Pundit Explains Why Companies Should Avoid XRP Custody In an X post, Vincent Van Code stated that companies accidentally turn themselves into a bank, security firm, and a regulated financial institution overnight, the moment they decide to self-custody their XRP. He further…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Securitize and Binance have jointly announced on Friday that the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) will now be accepted as off-exchange collateral for trading on Binance. BlackRock’s BUIDL Gains Momentum Fortune reported that the collaboration with Binance is expected to boost the popularity of BUIDL, a token launched by the world’s largest asset manager, BlackRock, last year. Since its inception, BUIDL has witnessed significant growth, with its market capitalization exceeding $2.5 billion. Functioning akin to a stablecoin, BUIDL is commonly utilized as collateral for trading…