Teacher of the year nominee taken into custody for proposing payment in exchange for sexual acts with a 13-year-old boy
A finalist for Teachers of the Year in California was arrested for allegedly attempting to pay for sex with someone he believed was a 13-year-old boy. This undercover operation took place last week, involving Ruben Guzman, an assistant principal and math teacher at Sunrise Middle School in San Jose. Guzman, who is 31 years old, […]
Ukraine and Russia Exchange Drone Attacks Before U.S.-Mediated Discussions
Drone Strikes in Ukraine and Russia Ahead of Peace Talks KYIV, Ukraine — A drone strike has resulted in a fatality in both Ukraine and Russia, according to officials on Saturday, just ahead of fresh discussions set for next week aimed at resolving the ongoing conflict. Ukraine’s State Emergency Service reported that a Russian drone […]
The email exchange with Jeffrey Epstein that led to Kathy Ruemmler’s departure as Goldman Sachs’ chief lawyer
An email referencing Jeffrey Epstein’s anatomy is what led to Kathy Ruemmler’s departure from her high-profile position as a lawyer at Goldman Sachs, according to sources familiar with her situation. Ruemmler had dealings with Epstein through one of his legal representatives and is mentioned frequently in Epstein’s records. However, a particular exchange—the one-liner from Epstein […]
Foreign Exchange Today: Attention turns to Eurozone GDP and US inflation figures
Market Overview – February 13th Here’s a brief update on the financial landscape as we head into Friday. The U.S. dollar (USD) showed a slight recovery early on Friday after facing some indecision towards the end of the week. Eurostat is set to release the initial GDP figures for the fourth quarter during the European […]
Paxful, a Bitcoin exchange, ordered to pay $4 million due to prostitution and money laundering allegations
Simply put Peer-to-peer Bitcoin exchange Paxful was ordered this week to pay a $4 million criminal fine. The company pleaded guilty to charges related to money laundering, fraud, and facilitating transactions connected to prostitution and sex trafficking. Paxful initially accepted that its actions warranted a fine of $112 million, but the Justice Department decreased this […]
Mistakenly, a South Korean crypto exchange gives away $40 billion in Bitcoin
South Korea’s Bithumb, the second-largest cryptocurrency exchange, mistakenly transferred more than $40 billion in Bitcoin due to an error during a promotional event intended to distribute minor prizes. This mistake briefly transformed ordinary users into millionaires. The mix-up happened when Bithumb employees were supposed to distribute rewards totaling 620,000 Korean won (which is around $425) […]
South Korean cryptocurrency exchange works to recover $40 billion in bitcoin mistakenly sent to customers
Bithumb’s Cryptocurrency Mishap South Korea’s second-largest cryptocurrency exchange is in a tough spot trying to reclaim over $40 billion in cryptocurrencies after mistakenly depositing 620,000 bitcoins to customers during a recent promotional event. Bithumb indicated it had rectified most of the incorrect credits, but approximately 13 billion won (around $9 million) remains unclaimed because some […]
Kihara from Japan expresses concern over swift, one-sided actions in the foreign exchange market.
Minoru Kihara, Japan’s Chief Cabinet Secretary, expressed his worries on Monday regarding sudden changes in foreign exchange (FX) rates. Atsushi Mimura, an expert in foreign exchange diplomacy, mentioned that he plans to keep a close watch on these currency trends with urgency. Key Quotes from Mr. Kihara I am concerned about the rapid and unilateral […]
Cryptocurrency Exchange to Compensate Certain Users Following $40 Billion Mistake
On Friday, Bithumb, a South Korean cryptocurrency exchange, mistakenly distributed over $40 billion in Bitcoin. They announced plans to compensate customers who experienced losses as a result of panicking and selling their assets during a temporary, steep decline on their platform. The exchange aimed to reward a promotion winner with 620,000 won (about $424), but […]
South Korean Crypto Exchange Mistakenly Distributed $95 Billion in Bitcoin
Simply put South Korean exchange Bithumb mistakenly credited users with 2,000 BTC each instead of a small cash reward. The error was resolved in about five minutes, but not before users had sold an estimated $2 billion worth. This sale occurred only on Bithumb’s internal ledger, not on the blockchain, yet it still led to […]