crypto
UK authorities have shut down Amey Finance Academy, a cryptocurrency advisory firm, following a High Court order on April 30. The Insolvency Service discovered that the firm, directed by Desmond Amey, misled investors about the security of their investments in cryptocurrency schemes. Tricking unsuspecting usersThe investigation revealed that Amey Finance Academy provided false assurances to investors. One investor was told their investment wouldn’t drop below 90%, yet they lost their entire investment. In WhatsApp messages, Amey told another investor their investments were “100 certy” and to “...
Invezz
The State of Wisconsin’s Investment Board (SWIB) created in 1951 has invested over $160 million in BlackRock’s spot Bitcoin ETF IBIT and Grayscale’s GBTC. The investment marks a move by the US state to adopt the asset alongside other investment vehicles for public pensions and trust funds. A key piece of crypto legislation will soon be put to vote in the Congress, The Financial Innovation and Technology for the 21st Century Act (FIT21). US State of Wisconsin bullish on Bitcoin?The US State of Wisconsin is likely bullish on Bitcoin as the investment board declares an investment of $99 million i...
Invezz
GameStop shares are trading 154% higher in 2024, compared to Bitcoin’s yearly gains of 129%. While Bitcoin’s gains came from the approval of Spot BTC ETF in the US and the fourth halving event, between January and April 2024, GameStop piled a majority of its gains on Monday and Tuesday. Legendary trader “Roaring Kitty” surfaced on X, with his tweets, catalyzing a rally in GameStop stock and meme coins on Solana. Dog and cat themed meme coins and memes that are named after (not affiliated with) the trader and the American consumer electronics firm, ROAR and GME yielded over 1,000% gains overnig...
Invezz
Deutsche Bank, a leading German multinational investment bank, has announced its latest move in the crypto and blockchain space. As well as MAS, the collaboration also includes Web3 interoperability platform Axelar Network and Memento Blockchain. Deutsche Bank joins MAS’ Project GuardianOn Tuesday, the financial services giant said it is joining Project Guardian, Monetary Authority of Singapore’s asset tokenization program. Deutsche Bank will use the partnership to explore the “feasibility of asset tokenization applications in regulated financial markets,” it said in a press release. In partic...
Invezz
NiceHash, the leading hashrate marketplace, is set to inaugurate the first-ever Bitcoin-focused conference in Maribor, Slovenia. Dubbed NiceHashX, this event is styled as the “Bitcoin Conference on the Sunny Side of the Alps” and will be held over two days on November 8 and 9, 2024. This conference marks a significant milestone, celebrating a decade since the platform’s inception by two Slovenian students in 2014. Local adoption and industry growthA key objective of NiceHashX is to showcase Maribor, and Slovenia more broadly, as vibrant centers for Bitcoin and blockchain technology. Slovenia a...
Invezz
Tornado cash developer Alexey Pertsev is guilty, a panel of Judges has found. The verdict is that Pertsev helped launder a staggering $1.2 billion via the crypto mixing protocol he helped develop and launch in 2019. Pertsev has been sentenced to 64 months in prison. With the guilty verdict and sentencing, the Dutch court has likely opened a path to similar other decisions in cases facing developers in the broader decentralised finance (DeFi) and privacy coin ecosystem. As Invezz highlighted earlier, the Russian national was arrested in 2022 in the Netherlands. Read more: Tornado Cash dev Alexe...
Invezz
In a dramatic turn of events, Bitfarms has terminated Morphy as CEO and president of the mining firm following the filing of a lawsuit against the company. Morphy’s filed a lawsuit against Bitfarms seeking a staggering $27 million in damages, prompting Bitfarms to terminate his role despite prior announcement of plans to have him remain in the company. In the meantime, Nicolas Bonta, the co-founder and chair, has stepped in as interim president and CEO. Morphy sued Bitfarms for damagesThe legal battle commenced on May 10 when Morphy filed the lawsuit in the Superior Court of Ontario, Canada, c...
Invezz
GameStop trader Keith Gill made a return to social media, inspiring a rally in crypto meme coins and “Roaring Kitty” inspired Solana-based meme, ROAR. Data from CoinGecko shows that the return of the investor who spearheaded 2021’s GameStop rally has fueled gains in dog and cat memes and Solana-based meme coins. ROAR posts 3,100% gains as Roaring Kitty returns The euphoria of US stock traders spread to crypto, a meme coin inspired by the legendary trader “Roaring Kitty” has added 3,100% to its value on Monday, as seen on CoinGecko. Gill’s social media post that shows a man leaning forward in h...
Invezz
Tether CEO Paolo Ardoino has slammed Ripple CEO Brad Garlinghouse’s remarks that the US government is “going after” Tether (USDT) as mere “FUD.” The Tether CEO also hit back at Garlinghouse as a CEO at the helm of a company currently under investigation by the US Securities and Exchange Commission (SEC). UDST is the world’s largest stablecoin, currently leading the market with over $111 billion in value. Tether also issues other stablecoins including one pegged against the Euro. Meanwhile, Ripple is an enterprise blockchain and cryptocurrency solutions provider and the company behind XRP. SEC ...
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El Salvador has made headlines once again in the cryptocurrency world with the launch of a Bitcoin treasury monitoring website. Since adopting Bitcoin (BTC) as a legal tender in 2021, El Salvador continues to pioneer initiatives aimed at embracing and leveraging the potential of digital assets for economic growth and financial inclusion. The Central American nation’s new proof-of-reserves website offers a suite of tools designed to provide real-time transparency regarding its Bitcoin holdings. With over 5,700 BTC currently in its treasury, valued at approximately $360 million, El Salvador is t...
Invezz
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