Former Heartland Tri-State Bank CEO Shan Hanes pleaded guilty on Thursday to embezzling $47.1 million for personal cryptocurrency purchases, leading to the bank’s collapse. From May to July 2023, Hanes executed at least 10 wire transfers from the Elkhart-based bank to cryptocurrency accounts. The bank’s failure resulted in a total loss of equity for investors. […] Source: https://news.bitcoin.com/former-bank-ceo-pleads-guilty-to-embezzling-47m-to-buy-crypto-leading-to-bank-collapse/
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Now that the U.S. Securities and Exchange Commission has approved eight spot Ethereum ETFs, the next crypto battle is brewing on what “approved” actually means. That…
Kelp DAO, a liquid restaking platform, has completed a private funding round, amassing $9 million to propel its growth in the decentralized finance (defi) sector. The funding aims to enhance the platform’s capabilities and expand into new ecosystems, including Solana and Bitcoin. Restaking Protocol Kelp DAO Secures $9 million Leading the investment round were SCB […] Source: https://news.bitcoin.com/kelp-dao-secures-9-million-in-private-sale-to-boost-defi-expansion/
That doesn’t mean the securities regulator can’t still pursue action against actors in the staking domain, industry analysts and lawyers warn. Source: https://cointelegraph.com/news/sec-etf-decision-means-ether-other-tokens-not-securities
VanEck launched a new ad centered around Ethereum, just 30 minutes after the SEC greenlit 19b-4 proposals for spot Ether ETFs. Source: https://cointelegraph.com/news/vaneck-ethereum-etf-ad-after-sec-approval
Hong Kong streaming firm to buy $100M of crypto, Worldcoin reprimanded on privacy, women take charge of biggest exchanges: Asia Express. Source: https://cointelegraph.com/magazine/hong-kong-streaming-firm-buy-100m-crypto-worldcoin-sanctioned-asia-express/
The Reserve Bank of India (RBI)’s May 2024 bulletin warns retail investors that “the crypto ecosystem lacks accountability and stability and is marked by regulatory ambiguity.” The Indian central bank also cautioned that some cryptocurrency systems may be “prone to crisis without safeguards.” RBI Bulletin’s Crypto and Defi Warnings India’s central bank, the Reserve Bank […] Source: https://news.bitcoin.com/indian-central-bank-rbi-warns-retail-investors-of-cryptos-lack-of-accountability-and-stability/
ESET Research has disclosed that the Ebury botnet, a formidable malware campaign targeting servers, is still active and expanding. Initially recognized for its capability as a server-side backdoor, Ebury has compromised roughly 400,000 Linux, FreeBSD, and OpenBSD servers, with over 100,000 still affected as of late 2023. The operators of Ebury have diversified their illegal […] Source: https://news.bitcoin.com/ebury-botnet-expanding-malware-continues-to-steal-cryptocurrency/
President Joe Biden has ten days, excluding Sundays, to decide whether he wants to follow through on his threat to veto H.J.Res.109. Source: https://cointelegraph.com/news/sec-crypto-rule-banks-joe-biden-veto
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports After the U.S. Securities and Exchange Commission approved eight spot Ethereum ETFs on Thursday, Crypto Twitter took another 2024 victory lap after the first Bitcoin ETFs…
