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Crypto Scam Ring Members Plead Guilty in $36.9M Fraud Targeting Americans
Five men have admitted to laundering $36.9 million stolen from U.S. victims in a sophisticated crypto scam scheme tied to Cambodia. According to the U.S. Department of Justice (DoJ), the defendants—Joseph Wong, Yicheng Zhang, Jose Somarriba, Shengsheng He, and Jingliang...
Metaplanet’s $5.4B Bitcoin Bet Sends Stock Soaring 22%
Metaplanet’s stock jumped 22% to ¥1,641 at the open on June 9, as investors reacted to the Japanese firm’s announcement of a ¥770.9 billion ($5.4 billion) Bitcoin buying spree. To fund the move, the company will issue 555 million moving-strike...
JPMorgan Will Now Accept Crypto ETFs as Loan Collateral
JPMorgan, the biggest U.S. bank by assets, is quietly supporting crypto products. The bank plans to allow trading and wealth-management clients to use crypto ETFs as collateral for loans. This shift signals a growing acceptance of digital assets in traditional...
California Greenlights Crypto Payments for State Services in Unanimous AB 1180 Vote
On June 2, the California State Assembly voted unanimously (68-0) to pass AB 1180. The bill allows state agencies to accept cryptocurrency payments under the Digital Financial Assets Law (DFAL). Lawmakers streamlined the bill by cutting ride-sharing rules, clearing its...
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