A Florida man must repay over $7.6 million after deceiving investors with a fake cryptocurrency, using their funds for luxury goods instead of promised assets. Cryptocurrency Fraudster Ordered to Repay Millions A federal court has ruled that Randall Crater of Heathrow, Florida, must pay more than $7.6 million in restitution for deceiving investors through a […]
KULR Technology has expanded its Bitcoin holdings with a fresh $10 million investment, reinforcing its strategy to integrate cryptocurrency as a key treasury asset. KULR Doubles Down With $10M Bitcoin Buy KULR Technology Group Inc. (NYSE American: KULR) announced on Feb. 11 that it has expanded its bitcoin holdings to 610.3 BTC following an additional […]
Microstrategy’s bitcoin strategy has generated $1.8 billion in gains for shareholders this year, with holdings reaching 478,740 BTC—cementing its status as the ultimate bitcoin stock. Microstrategy’s Bitcoin Strategy Yields $1.8B for MSTR Investors so far This Year Michael Saylor, executive chairman of Microstrategy Inc. (Nasdaq: MSTR), highlighted the company’s latest bitcoin gains in a Feb. […]
Fed Chair Jerome Powell has confirmed that the Federal Reserve will not pursue a central bank digital currency, backing legislative efforts and an executive order blocking its creation. Powell Shuts Down CBDC Fears With One Word Federal Reserve Chair Jerome Powell testified before the Senate Banking Committee on Feb. 11, where he responded to concerns […]
New legislation in the House and Senate seeks to regulate stablecoins, enforcing strict reserve requirements, banning tech giants from issuing them, and cracking down on offshore loopholes. New Bills in House and Senate Seek to Establish US Stablecoin Regulations The U.S. House Committee on Financial Services Democrats announced on Feb. 10 the introduction of a […]
Blockchain metrics firm Glassnode has released data showing that circulating stablecoin supply has skyrocketed to roughly $211.2 billion since the beginning of the year, a $17 billion increase in less than two months. The current rate of increase in the supply is roughly $541 million per day, according to the firm. Specific tokens that were […]
Ricardo Salinas, one of the wealthiest men in Mexico, has criticized Europe’s stance on cryptocurrency, comparing it to a museum and a zoo. In a recent interview on Lunaticoin’s podcast, Salinas stated that Europe was a museum because nothing happened there and there was no investment. Salinas also compared it to a zoo that kept […]