Gary James Harmon of Ohio was sentenced to four years and three months in prison for stealing 712 Bitcoin that belonged to his brother, the U.S. Department of Justice has announced. Harmon pleaded guilty to criminal charges in January, faced with one count each of wire fraud and obstruction of justice, carrying a maximum sentence of 40 years combined. The…
Influence from friends and the fear of missing out (FOMO) were some of the reasons investors bought crypto for the first time in 2022, according to a survey by a United States financial regulator. Published by the United States Financial Industry Regulatory Authority (FINRA) Investor Education Foundation in late April, the survey found that a large portion (31%) of new…
BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China’s top diplomat for the region, the leader of the war-torn Middle Eastern country called for using the Chinese yuan for cross-border trade. Economic Clash With West Requires Discarding Dollar, BRICS Leadership, Syrian President Says Confrontation…
Bitcoin (BTC) Ordinals — also known by some as Bitcoin NFTs — could renew developer enthusiasm for Bitcoin and boost mining fees, according to cryptocurrency investment firm Grayscale. In an April 27 “Market Byte” blog post, the firm suggested that Ordinals provide two key benefits to the growth and development of the Bitcoin ecosystem. #Ordinals have generated a great deal…
Crypto lender Genesis and its key creditor group have agreed to a 30-day mediation process in an attempt to move forward with a final restructuring plan, though one company is expressing “frustration” over the pace of progress. On April 30, Gemini tweeted that Genesis, its parent company Digital Currency Group (DCG), its Unsecured Creditors Committee (UCC) and Gemini have agreed…
Rich Dad Poor Dad author Robert Kiyosaki says the Fed is wiping out regional banks by supporting only big banks, like JPMorgan Chase. Stating that the Fed “is criminal,” he warned that its actions “will bring down” the United States. Robert Kiyosaki Says the Fed Is Criminal The author of Rich Dad Poor Dad, Robert Kiyosaki, warned in a series…
The chairman of the State Duma Committee on the Financial Market says that an agreement on the BRICS currency can be reached in 2023 as BRICS nations ramp up their de-dollarization efforts to shift away from U.S. dollar reliance. “By linking its economy and currency to politics, the U.S. is practically undermining the foundations of its dominance,” said the Russian…
Interview: Kevin Rose on the ‘Weird Dynamic’ of Building an NFT Project Proof co-founder and CEO Kevin Rose chats with Decrypt Culture Editor Andrew Hayward during NFT NYC 2023 to discuss his startup’s reaffirmed focus on digital art and collectors, the challenges of building in the NFT market, and what he’s learned in the last year since the buzzy Moonbirds…
Gary James Harmon of Ohio was sentenced to four years and three months in prison for stealing 712 Bitcoin that belonged to his brother, the U.S. Department of Justice has announced. Harmon pleaded guilty to criminal charges in January, faced with one count each of wire fraud and obstruction of justice, carrying a maximum sentence of 40 years combined. The…
Nearly one year to the day after the massive Moonbirds NFT drop, Proof co-founder and CEO Kevin Rose is standing outside a gallery show that the collective put on during NFT NYC 2023 week, telling Decrypt why his Web3 startup recently reasserted its focus on digital art, artists, and collectors. “When everything is just ‘up and to the right’ and…
