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Missouri Resident Sentenced for Cryptocurrency Fraud and Tax Crimes Amid Rising Regulatory Scrutiny
On Tuesday, the U.S. Attorney’s Office for the District of Connecticut announced that Lyell Champagne Jr., a resident of Missouri, has been sentenced to three years in federal prison. Champagne, along with a partner, was convicted of fraud and tax... -
US Agencies Warn About Crypto Pig Butchering Scams with New Infographic
On September 11, the US Commodity Futures Trading Commission (CFTC) released an infographic about crypto pig butchering to raise awareness of the scheme and prevent American investors from becoming victims. US Agencies Distribute Infographic About Crypto Pig Butchering Scams The... -
Australian Crypto Investors Waiting for Regulations: Swyftx Reports
A recent report by crypto exchange Swyftx revealed that many Australian investors are sitting on the sidelines and will remain so until there are clearer regulations, highlighting concerns about security and consumer protection in the absence of firm laws. Investors... -
US Stocks Extend Losses as Data Showed Core Inflation Picked Up in August
US stocks extended their losses and the Dow Jones was down over 500 points in early price action today after data released by the Bureau of Labor Statistics (BLS) showed that core inflation picked up in August even as the... -
China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Confirms
China’s digital yuan initiative, launched by the People’s Bank of China (PBOC), has achieved significant milestones. After more than a decade of research and four years of pilot trials, the digital currency has processed nearly 7 trillion yuan in transactions,... -
Standard Chartered Launches Bitcoin and Ethereum Custody in UAE, Signaling Growth in Institutional Crypto Demand
Global banking giant Standard Chartered has taken a significant step into the cryptocurrency sector by launching a digital asset custody service in the United Arab Emirates (UAE). Licensed by the Dubai Financial Services Authority (DFSA), the service will initially focus... -
Americans Lose $5.6 Billion to Cryptocurrency Fraud in 2023, FBI Reports
A recent report by the U.S. Federal Bureau of Investigation (FBI) shows that Americans lost $5.6 billion to cryptocurrency fraud in 2023. This highlights the increasing threat that crypto scams pose to unsuspecting users and the market. Elderly Are the... -
FCA Report Unveils Stricter Crypto Rules, New Marketing Measures, and Crime Prevention
The UK's Financial Conduct Authority (FCA) has recently reported that over 87% of crypto registrations were either rejected, withdrawn, or refused. This stringent measure is part of the FCA's ongoing effort to combat fraud and enhance consumer protection in the... -
Fed Survey Shows No Rise in Crypto Ownership Despite Market Growth
A recent United States Federal Reserve research revealed that crypto ownership has not kept pace with the market's recent resurgence. The findings were based on two web-based surveys targeting 5,000 nationally representative respondents. Crypto Ownership Dropped to 19.1% in 2022... -
US Stocks Crash as Recession Worries Resurface After Jobs Data
US stocks crashed on Friday and the Nasdaq Composite fell 2.5% while the broad-based S&P 500 shed 1.7%. The Nasdaq had its worst week since 2022 and is now in a correction zone after having fallen over 10% from its...
