FCA Takes Action Against £1.5 Million Crypto Scam Targeting UK Investors
The UK’s Financial Conduct Authority (FCA) has made headlines by prosecuting two men, Raymondip Bedi and Patrick Mavanga, for orchestrating a cryptocurrency investment scam that defrauded unsuspecting investors out of £1.5 million. The fraudulent activities spanned from 2017 to 2019…
Ex-Lawyer Admits Role in Crypto Ponzi Scheme
David Kagel, an 86-year-old former attorney from California, was sentenced to five years probation and ordered to pay nearly $14 million after confessing his involvement in a massive crypto Ponzi scheme. Kagel, who is currently in hospice care, pleaded guilty…
Ohio Bill Proposes Paying Taxes with Bitcoin
In a groundbreaking move, Ohio Senator Niraj Antani has proposed a bill that would allow residents to settle their state and local taxes using cryptocurrencies, specifically Bitcoin. Announced at the end of September, this proposal aims to modernize Ohio’s tax…
El Salvador Leads Bitcoin Adoption: A Transformative Journey
In recent years, El Salvador has emerged as a pioneer in the global cryptocurrency landscape, most notably through its bold decision to adopt Bitcoin as legal tender. This groundbreaking move, first implemented in September 2021, aimed at integrating digital currency…
OpenAI's X Account Compromised by Cryptocurrency Scammers
In a striking incident that underscores the growing threats in the digital landscape, OpenAI’s official account on the social platform X has been compromised. Cryptocurrency scammers leveraged this high-profile breach to promote a fictitious blockchain token known as ‘$OPENAI’. The…
Trump Uses Bitcoin in New York Bar Visit: A Milestone for Cryptocurrency
In an unprecedented move that is sure to send ripples through the cryptocurrency community, former President Donald Trump made headlines by becoming the first US president, past or present, to publicly use Bitcoin. During a recent visit to PubKey, a…
Canada Pauses CBDC Project Following Public Disinterest
In an era where digital currencies are rapidly gaining traction, Canada’s central bank has decided to halt its Central Bank Digital Currency (CBDC) initiative. This decision comes after extensive public consultations and research, revealing a significant lack of interest from…
Bitcoin Drops Below $60K as Economic Concerns Mount
Bitcoin has seen a significant decline, dropping 4.1% between September 15 and 16, bringing its price down to $57,595 after failing to breach the critical $60,000 resistance level. This decrease has erased gains made earlier in the month, specifically on…
Major Banks Collaborate on New Digital Currency Platform
In a significant development within the financial sector, forty of the world’s leading commercial banks have initiated a digital currency pilot program known as the Agora project. This collaboration, which includes the New York Federal Reserve as well as central…
Senators Call for Action to Tackle Bitcoin ATM Scams
The rise of cryptocurrency has brought with it a series of challenges, notably in the area of fraud. Recently, a group of U.S. Senate Democrats has called on major Bitcoin ATM operators to enhance their efforts in preventing scams, particularly…
