Pastor Charged With Cryptocurrency Fraud Said God Told Him to Do It – The New York Times
A Denver pastor who said God told him to sell cryptocurrencies that cannot be redeemed for cash was used by prosecutors to sell digital coins that were “virtually worthless” and use the proceeds to support a “luxury lifestyle.” He and his wife are facing a civil lawsuit for doing so. Lifestyle. ” Pastor Eligio Regalado […]
Cryptocurrency, Beanie Baby comparison made again in Coinbase case – USA TODAY
Cryptocurrency is just another version of Beanie Babies. coinbase Lawyers told the court they oppose classifying the currency as a security. The lawyer said virtual currencies are more like collectibles than actual shares in a company. “There's a difference between buying Beanie Babies and buying Beanie Babies,” Coinbase lawyer William Savitt said. bloomberg. Savitt likened […]