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UK Court Sentences Duo in $2 Million Cold-Calling Crypto Fraud Case
On July 4, the UK’s Financial Conduct Authority (FCA) sentenced Raymondip Bedi and Patrick Mavanga for running a cold-calling crypto fraud that defrauded at least 65 victims of over £1.5 million (approximately $2.1 million). The two men used fake investment...
Bitcoin Miners Curtail June Output Amid Grid Constraints and Weather Pressures
Bitcoin miners reported a drop in Bitcoin (BTC) production in June, strategically cutting output by 12%–25% to manage power costs and mitigate disruptions from extreme weather. June Curtailments Reflect Tactical Power Management and Weather Disruptions Texas-based miners implemented “economic curtailment”...
Ripple Applies for US Banking License After Circle
Ripple is expanding its operations into banking to deepen its traditional finance ties. This latest development was revealed by Ripple CEO Brad Garlinghouse, who confirmed on July 2 that the company is applying for a national bank charter from the...
Rivian Stock Falls After Reporting Sharp Fall in Q2 Deliveries
Rivian stock (NYSE: RIVN) is trading sharply lower today after the company reported a 22.7% fall in its Q2 deliveries. Here are the key takeaways from the report and how it stacks against other electric vehicle (EV) companies. Rivian delivered...
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