28 Apr: Largest Bitcoin Fraud Case

By theinspired | Inspiration | 28 Apr 2023


"We learn nothing by being right."
 –Elizabeth Bibesco

Powered by LifeLine - The Power of Prevention

Follow Dat Money | Crypto Projections

READ

It's Friiidddaaayyy Folks! Yesterday, Bitcoin went for a wild ride as it swung $3K, Circle unveiled new methods of transferring value, and Bahamas clamp down on Crypto. The fear and greed index popped to 64 and the best performing asset for the past 24 hours remains $DOGE up .18% in position #8. Let's get on to the news...

Trending News Topics:

  • Largest ever Bitcoin Fraud Case (5)
  • Hong Kong Supports Crypto (3)
  • Coinbase Responds to SEC (2)

CRYPTO

Hong Kong to local banks there is no ban: play nice with crypto firms.(3) 46% of millennials across major economies own crypto.

Question: Is ‘Crypto Bro’ Culture Hindering Wider Acceptance of Crypto Innovations?

BITCOIN

Bitcoin Holds Steady Above $29K as Investors Look Toward Next FOMC Meeting. Analysts at odds over Fed, US debt ceiling impact on Bitcoin price. Bitcoin Held on Binance Surges to Record High of 692K BTC: Glassnode. Long-Term Bitcoin Holders Are Profitable for First Time in 11 Months, Blockchain Data Shows. Mining Firm Argo Blockchain Slumps to Full-Year Loss on Bitcoin Price Slide. Hamas' Military Wing to Stop Accepting Bitcoin Donations. Jack Dorsey's Block Snaps Up Bitcoin Mining Chip as Intel Winds Down Production. Amid Bankruptcy, Core Scientific Signs Bitcoin Mining Hosting Contracts for Almost 18,000 Machines; Core Scientific’s Stock Hike 7%.

Opinion: Bernstein Private Wealth Management Says “Buy Bitcoin" and Bitcoin Could Prosper Amid the US Banking Crisis. Bitcoin and XRP Are Centralized, Crypto Executive Justin Bons Says. One of Best Traders Tree of Alpha on Binance Says He Remains 'Long and Strong.' Bitcoin Is Poised to Reclaim Crypto’s Spotlight and MicroStrategy Is Uniquely Positioned to Benefit From Rising Bitcoin Price: Berenberg.(3) Balaji Srinivasan Explains $1M Bitcoin Bet Rationale, Says Could Take Longer Than 90 Days.(2) Bitcoin Use Cases Are Seeing ‘Explosive Growth,' Trust Machines Says. The Crypto Miner Reckoning: No Fate but What We Make. ‘Wolf of Wall Street’ J. Belfort shares 3 perspectives on Bitcoin’s future.

The Perfect Imperfection: Unpacking Michael Saylor’s Bitcoin Assertion.

The Bitcoin Transition: How HODLers can become changemakers and drive adoption

Crypto Stories: Tim Draper tells how his family moved into Bitcoin

Question: Bitcoin vs Altcoins: Which Should You Hold? Bitcoin sell-off next? Binance BTC balance shoots up $1.5B in one month.(2) When it Comes to Bitcoin Futures, Do We Need to Mind the Gap? Monthly CME Bitcoin Options Expire Today, Will BTC Lose Momentum? The mystery behind Bitcoin’s recent crash: Did Mt. Gox and the US government cause it? How would a US debt default impact Bitcoin

ETHEREUM

Ethereum’s Next Upgrade To Focus on Blobs.

STABLECOINS & CBDCs

Total Stablecoin Market Capitalization Declines for 13th Consecutive Month. Stablecoins Are Simply Better at Moving Money Around. US Senator Ted Cruz Warns a CBDC Would Be ‘Profoundly Dangerous,’ Says Idea Is Backed by People Who Hate Bitcoin.

ALTCOINS

Ripple Has Bought Nearly $11B in XRP Since SEC Lawsuit. Ripple Sold $336M Worth of XRP Tokens in Q1, Reports Strong XRPL Growth. Cardano (ADA) Unveils Latest Ecosystem Updates in Preparation for Major Release. Cardano’s Strides Towards Future: IOG’s Progress and Impressive Network Statistics.

Question: XRP at a crossroads: Can it reclaim $0.50, or will the drop continue? Will Ripple (XRP) Price Reach New Heights in 2023?

EXCHANGES

Binance Japan Will Start Operations After June. PayPal extending crypto transfers to more than 60 million Venmo customers.

LEGISLATION/REGULATION/TAXATION

Sens. Warren, Marshall Delay Reintroducing Crypto Bill Due to Lack of Sponsors. Coinbase execs respond to SEC's Wells notice in person and on video.(3) Former CFTC Chair Massad Also Can’t Say if ETH Is a Security. Crypto Tax Guidance Could Come 'in 12-ish Months,' Says IRS Official.(2)

Opinion: “Opportunism and Demagoguery” Fuels the U.S. Regulatory Crackdown, Steptoe Partner Says. 'Operation Choke Point 2.0' Is SEC's 'Chemotherapy' for $14B Ponzi Problem, BCB's CEO Says. Global Crypto Regulation Needs Coordination, Not Duplication, Legal Experts Say. a16z crypto's Quintenz sees Gensler 'spiking' the regulatory football. Bermuda Premier David Burt: 'Nobody is Coming to Bermuda to Flee Regulation.' Crypto Industry Is 'Absolutely' at War Against Gensler, Warren, Blockchain Association CEO Smith Says.

LEGAL CASES

CFTC Fines South African Forex Fraudster Cornelius Johannes Steynberg $3.4B in Its Largest Ever Bitcoin Case and won.(6) Former FTX Boss Ryan Salame’s House Raided by the FBI. Genesis Bankruptcy Parties Agree to 30-Day Mediation Period.

Question: Terra’s Do Kwon Allegedly Hides $100 Million in a Swiss Bank. What Can the SEC Do?

Follow up: Tornado Cash developer Alex Pertsev tweets for first time following prison release. Bathtub Full of Dollar Bills Leads to 4-Year Prison Sentence for Ohio Bitcoin Thief.(2) 

ATTACKS/HACKS/SCAMS

Ex-CFO who stole $5M to trade crypto and ‘meme stocks’ gets 3 years in prison.

WATCH


LISTEN

Podcast of the Day: Buy A House With Bitcoin w/ Aaron and Tristan | Bitcoin Magazine

Other Podcast

  • Why Coinbase is Suing the SEC with Paul Grewal, Coinbase's Chief Legal Officer | Bankless
  • The Institutions Are Coming Back to Crypto | The Breakdown
  • Is Anyone, Anywhere Actually Using Crypto? | Live Panel With Seth Hertlein & Katie Talati | TWOAS
  • Recession is Coming with James Lavish | What Bitcoin Did
  • Read_725 - Operation Choke Point 2.0 is Underway [Nic Carter] | Bitcoin Audible
  • #1192 Brady Dale | Reporter Exposes SBF’s Secrets | TPP
  • The US crypto market is a must, even with regulatory uncertainty, spats: Zodia Markets | The Scoop
  • The Emerging Bitcoin-Native Venture Capital Landscape with Christopher Calicott and Matthew Snow from Trammell Venture Partners - April 27th, 2023 | TBCP
  • #225: Anna Stone, Web3 at eToro and Director of GoodDollar.org, on Universal Basic Income (UBI) and Web3 | Cryptonews

How do you rate this article?

24


theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Inspiration
Inspiration

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.