Former Deutsche Bank investment banker Rashawn Russell, 27, has pleaded guilty to investment fraud. The ex-banker admitted to running a scam cryptocurrency trading operation that plundered $1.5 million from investors. As a result, he faces up to 30 years in
Effective October 3, Revolut, a leading fintech firm headquartered in the UK, will cease all cryptocurrency-related services for its clientele in the United States. The decision comes in response to the escalating intricacy and unclear nature of the US regulatory landscape
Kuwait, the Gulf state, has issued an absolute ban on all activities involving cryptocurrencies, such as Bitcoin, Ethereum, and Dogecoin, through several regulators. The announcement, made by Kuwait’s principal financial regulator, the Capital Markets Authority (CMA), on July 18, casts
Nevada man Bryan Lee has been charged with crimes involving CoinDeal, a so-called metaverse cryptocurrency that was actually an investment fraud scheme. The company is said to have defrauded investors of $45 million between 2018 and 2022. CoinDeal Scam The
Despite facing market challenges, the creator of the Bored Ape Yacht Club intends to continue concentrating on its Otherside metaverse project. According to a recent post on X (formerly Twitter) by Greg Solano, co-founder of Yuga Labs, the group behind
Dubai, April 23, 2024 – The 12th edition of the Blockchain Life Forum, known as the leading gathering for global cryptocurrency leaders, concluded with an impressive turnout of 10,162 attendees despite the unprecedented storm that happened in Dubai. Representatives of
The annual Token2049 crypto conference in Dubai continued as planned this week, even as heavy rains swept through the United Arab Emirates (UAE), causing massive flooding. Thousands of attendees were reportedly left stranded after storms dumped more than a year
With the support of Improbable, the Virtual Society Foundation seeks to accelerate the mass adoption of the metaverse. The Virtual Society Foundation (VSF) has announced its official launch today, signaling a significant turning point in the development of the digital
Ethereum co-founder Vitalik Buterin, at the BUIDL Asia conference in Seoul, critiqued the prevailing concept of the Metaverse. He argued it’s more a brand than a product, often misinterpreted, and likened its need to a simpler form of technology. BUIDL
Among the numerous memecoins that have lately surfaced on the Solana blockchain is SHROOM and it has shown massive dominance. On March 20, the Shroom token, a memecoin with a mushroom theme but no inherent value or underlying utility; was
According to Coinbase, hype plays a major role in the rise of cryptocurrency AI projects. News often influences the broader market, which helps AI tokens gain value. An analyst has cautioned that the artificial intelligence (AI) token market may be
Johnny Ng proposes a Web3 platform to enhance financial integration across Hong Kong, Macao, and Guangdong, leveraging Hong Kong’s crypto hub status despite China’s crypto restrictions. A new proposal from Johnny Ng, a delegate to China’s top political advisory body,
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