The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes restitution, disgorgement of illegal profits, and a civil penalty. The Commodity Futures Trading Commission (CFTC) has recovered […] Source: https://news.bitcoin.com/us-court-imposes-209-million-penalty-in-crypto-ponzi-scheme/
The United States Federal Reserve has issued a cease and desist order to United Texas Bank, citing deficiencies in the bank’s risk management systems, particularly in its dealings with crypto clients. The order, dated September 4, 2024, follows an examination of United Texas Bank conducted by the Federal Reserve in May. The examination revealed issues within the bank’s corporate governance…
Genomes.io CEO Aldo de Pape tells The Agenda podcast that customers should be wary about giving away their DNA data for free, as its true value is astronomical. Source: https://cointelegraph.com/news/dna-data-23andme-genomes-io-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin failed to hold levels above $58,000 Thursday morning, slipping to $56,700 and trading flat on the day. Per data from CoinGecko, the price of Bitcoin is currently $56,794, up 0.6% in the past 24 hours and down 4.7% on the week. Even as Bitcoin dropped to a little below 20% under its all time high, a new analysis has…
The Central Bank of Brazil has hinted at implementing artificial intelligence (AI) and data monetization processes into Drex, its central bank digital currency (CBDC). In a recent presentation, Roberto Campos Neto, the Central Bank of Brazil’s president, stressed that the bank’s innovation agenda had four blocks: Pix, Drex, Currency Internationalization, and Open Finance. However, he […] Source: https://news.bitcoin.com/central-bank-of-brazil-hints-at-a-future-integration-of-ai-into-its-cbdc/
Mastercard partners with Mercuryo to launch a euro-denominated crypto debit card, enabling users to spend crypto from self-custodial wallets at over 100 million merchants. Source: https://cointelegraph.com/news/mastercard-non-custodial-crypto-spending-card?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
ZachXBT identifies gaps in block explorer quality across several L1 blockchains, urging significant improvements. Source: https://cointelegraph.com/news/zachxbt-criticizes-block-explorers-l1-chains-overhaul?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Polygon has officially upgraded from MATIC to POL as its network token, marking a significant milestone in its evolution. This community-driven upgrade, effective from September 4, 2024, transitions POL to be the native gas and staking token for the Polygon proof-of-stake network. Users holding MATIC on Ethereum can seamlessly migrate to POL through the Polygon […] Source: https://news.bitcoin.com/polygon-completes-matic-to-pol-upgrade/
The United Arab Emirates (UAE) is committed to supporting the economic development of the Global South through its membership in the BRICS group, according to Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance. The UAE aims to foster cooperation among BRICS countries to achieve shared goals like financial stability, sustainable development, and enhanced […] Source: https://news.bitcoin.com/uae-to-boost-global-south-growth-through-brics-membership/
Bitcoin is well and truly stuck, analysis concludes, but there are signs that a BTC price breakout from an increasingly “unstable” range is brewing. Source: https://cointelegraph.com/news/bitcoin-transactions-dive-30-6-months-btc-price-disinterest?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
