Republican senators slam SEC over ‘deeply troubling’ conduct in crypto case
Several Republican senators on Wednesday criticized the Securities and Exchange Commission (SEC) over its “highly problematic” conduct in its recent lawsuit against cryptocurrency company DEBTBox. The SEC filed a lawsuit against DEBT Box in July, accusing the company of an “ongoing disorderly and fraudulent securities offering” that defrauded investors of at least $49 million. The […]
AI-generated fake IDs claimed to pass crypto exchange KYC are selling for $15 – Cointelegraph
A new service that claims to use artificial intelligence (AI) “neural networks” and “generators” to create fake driver’s licenses and passports passes know-your-customer (KYC) checks on multiple crypto exchanges. It is reported that it was very successful. cost? Only $15 a pop. The site OnlyFake generates realistic-looking fake driver’s licenses and passports from 26 countries, […]
Large-Scale Crypto Mining Consumes 2% of US Electricity – PYMNTS.com
How much energy does cryptocurrency mining consume in the US? In a recent analysis, energy information bureau (EIA) estimates that large-scale cryptocurrency operations consume more than 2% of the country’s electricity. And, as Ars Technica pointed out in a report Friday (February 2), this is roughly equivalent to adding. another state to the national power […]
Bitcoin and Ethereum Has ‘Free Walk’ to New All-Time Highs Amid Unprecedented Bullish Setup, Says Crypto Expert – The Daily Hodl
Ikigai Asset Management’s Chief Investment Officer believes Bitcoin (BTC) and Ethereum (ETH) will hit new all-time highs (ATH) due to an unprecedented setup in crypto history. In a lengthy thread on social media platform “BTC basically has free access to ATH. I got a spot BTC ETF. This will give him secure access to trillions […]
Bankrupt crypto lender Genesis seeks approval to sell $1.6B of trust assets – Cointelegraph
Bankrupt crypto financial company Genesis has filed a lawsuit in U.S. Bankruptcy Court for the Southern District of New York with the Grayscale Bitcoin Trust (GBTC), the Grayscale Ethereum Trust (ETHE), and the Grayscale Ethereum Classic Trust. (ETCG) for permission to liquidate its assets. A total of approximately 1.6 billion dollars. In a recent courtroom […]
This Week in Crypto Games: GameStop Meme Coin Explodes, Pixelmon's Comeback Continues – Decrypt
Cryptocurrency and NFT The gaming world is busier than ever these days, with big-name games starting to be released, token airdrops piling up, and other things that always seem to be happening. There’s a lot to take in! Fortunately, DecryptionGG is displayed on the entire surface. And if you want a quick way to stay […]
Crypto collapse: FTX is liquidating and getting an examiner, Tether's Q4 attestation, more ETFs coming – David Gerard
by amy caster and david gerard “She was stupid and let me keep all my NFTs in the divorce because she still loves me and is attached to me.” — Drill And I’m never wrong about this. I never have. Goodbye, FTX FTX will never be revived as a cryptocurrency exchange again. It will be […]
Cleveland Brothers Posed as UAE Royalty to Run Crypto Scam, Other Frauds
Two Cleveland-area brothers were charged Thursday with fraud and money laundering by federal prosecutors after they allegedly ran a cryptocurrency scam posing as members of the United Arab Emirates (UAE) royal family and defrauding investors of millions of dollars. He was indicted in the ring scheme. According to reports, Zubair Mehmet Abdul Razak al-Zubair, 41, […]
SEC vs Ripple Boiling Point Reached as Crypto Lawsuit Nears Remedies Phase: How Will it Impact XRP? – DailyCoin
The SEC and Ripple are clashing over XRP sales, with the SEC demanding more financial records. Both sides are negotiating, and unless the SEC receives a significant benefit, negotiations are unlikely to go through. A win for Ripple could send the price of XRP soaring, while a loss could set a precedent for crypto regulation. […]
Crypto Analyst Predicts Bullish Price Action for Two Low-Cap Altcoins, Outlines Path Forward for Chainlink – The Daily Hodl
A widely followed cryptocurrency analyst said he sees upside potential in two crypto assets with market capitalizations of less than $1 billion. Pseudonymous crypto strategist Altcoin Sherpa highlights Solana (SOL)-based decentralized exchange aggregator Jupiter (JUP) to his 206,800 followers on social media platform he said. The trader shared a chart suggesting that JUP is likely […]