Hong Kong police have intercepted over HK$34 million (US$3.37 million) in scam proceeds as part of an elaborate operation targeting victims through the use of artificial intelligence. According to a report by the South China Morning Post on Saturday, the investigation also shed light on some of the novel strategies employed by local romance scam operators. Some revolved around pretending…
Fed’s Barr once said the Federal Reserve would “likely view it as unsafe and unsound for banks to directly own crypto-assets on their balance sheets.” Source: https://cointelegraph.com/news/fed-reserve-chair-supervision-michael-barr-to-resign?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The letters serve as a damning indictment of the government’s alleged anti-crypto policies. How the FDIC Secretly Stifled Banks’ Crypto-Related Activities The Federal Deposit Insurance Corporation (FDIC), an entity originally formed to restore trust in the American banking system, on Friday, quietly released letters it had previously sent to banks prohibiting them from engaging in […] Source: https://news.bitcoin.com/fdic-releases-redacted-operation-choke-point-2-0-letters/
Michael Barr, the Federal Reserve’s Vice Chair for Supervision, stepped down on Monday, a move welcomed by crypto industry advocates as a potential shift toward more pro-digital asset policies. Barr said he would step down on February 28, though he will continue to serve as a Federal Reserve Board of Governors member. He attributed his departure to “dispute[s] over the…
When Generation Beta asks their first questions, AI will likely answer before their parents do. Thanks to a proliferation of AI tools since the launch of ChatGPT, children born in 2025 and thereafter will live in a world where artificial intelligence shapes their knowledge, decisions, and relationships. Coined by Australian futurist Mark McCrindle, Generation Beta refers to children born between…
Coinshares’ asset management report showed that net inflows into global crypto funds reached a record $44.2 billion in 2024. Crypto Funds Shatter Record for Yearly Net Inflows Digital crypto investment products recorded a staggering $44.2 billion in net inflows in 2024. According to the latest Coinshares analysis by head of research, James Butterfill, the record […] Source: https://news.bitcoin.com/crypto-investment-products-saw-record-44-billion-net-inflows-in-2024-coinshares/
Cryptocurrency funds, predominantly led by Bitcoin and Ethereum ETFs, have added $585 million worth of assets in the first three days of 2025 after ending the year with a big round of profit-taking and outflows. The strong start comes off the back of a record-setting year for crypto-based exchange-traded products, according to a new report from digital asset manager CoinShares.…
A Bloomberg report was the first to disclose that Gemini Trust Co., a cryptocurrency exchange established by Cameron and Tyler Winklevoss, has consented to a $5 million settlement to address allegations levied by the Commodity Futures Trading Commission (CFTC). The settlement quells accusations that Gemini disseminated deceptive information to regulatory bodies. Gemini Avoids Trial in […] Source: https://news.bitcoin.com/cftc-regulatory-case-against-gemini-ends-in-5-million-settlement/
Donald Trump hasn’t even moved back into the White House, but Ripple CEO Brad Garlinghouse said he’s already seen traditional finance leaders make a significant pivot when it comes to their appetite for engaging with crypto. In the six weeks following the 2024 presidential election, Ripple, which creates blockchain infrastructure for financial institutions, says it signed more new clients than…
The Terraform Labs co-founder is in US custody after pleading not guilty to nine felony charges related to fraud at the platform. Source: https://cointelegraph.com/news/do-kwon-victims-one-million-court?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
