Crypto News
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The huge sums of money lost to crypto scams and frauds is probably the biggest financial looting in the history of the USA. The FBI recorded losses over $12.5 billion in 2023, 22% more than the previous year. The agency’s Internet Crime Center received a record 880,418 complaints from Americans about potential crypto and online thefts. Considering that most ...
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The U.S. Securities and Exchange Commission has filed fraud charges against Texas-based crypto mining and hosting company Geosyn and its two co-founders Caleb Ward and Jeremy McNutt for alleged engagement in a $5.6 million fraud case. “Almost everything that Defendants represented about Geosyn’s miner purchases and operations contained some element of ...
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The Basel Committee implementation programme has been integral to international financial architecture. Having celebrated its 50th anniversary on 24-25 April, the Basel Committee on Banking Supervision has journeyed from a humble forum for G7 bank supervisors to a titan among global financial standard-setting bodies. Its standards and principles – ...
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Philadelphia-based Republic First Bank (doing business as Republic Bank) was closed today by the Pennsylvania Department of Banking and Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into an agreement with Fulton Bank, National Association of Lancaster, Pennsylvania to assume ...
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Ethereum price declined on Friday, touching at an intra-day high of $3164 before shedding 0.85 to trade at $3128 at the time of writing. Traders have adopted a risk-off approach to crypto assets in the last one month, and that sentiment has not changed one week after the Bitcoin halving event. While some analysts attribute this to the fact that Bitcoin ...
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The U.S. Securities and Exchange Commission has filed fraud charges against Texas-based crypto mining and hosting company Geosyn and its two co-founders Caleb Ward and Jeremy McNutt for alleged engagement in a $5.6 million fraud case. “Almost everything that Defendants represented about Geosyn’s miner purchases and operations contained some element of ...
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The last batch of inflation news that Federal Reserve officials will see before their policy meeting next week is in, and none of it is very good. In the aggregate, Commerce ...
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Former President Trump’s potential plan to exert more influence over the Federal Reserve is alarming experts and investors. The Wall Street Journal reported Thursday that a group ...
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Ethereum price declined on Friday, touching at an intra-day high of $3164 before shedding 0.85 to trade at $3128 at the time of writing. Traders have adopted a risk-off approach to crypto assets in the last one month, and that sentiment has not changed one week after the Bitcoin halving event. While some analysts attribute this to the fact that Bitcoin ...
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Correction (4) continues to develop as a triple zigzag. Sub-waves W-X-Y have been completed. Now, the price is moving up in the linking sub-wave XX. It will soon take the shape of the standard zigzag [A]-[B]-[C]. After the completion of a small downward correction [B], expect the development of an impulse [C]. The price may rise to the level of 71635.77, ...
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Cathie Wood's ARK Invest offloaded the last of its shares in ProShares Bitcoin Strategy ETF (BITO) on Thursday. The investment firm sold 237,983 BITO shares worth $6.7 million at Thursday's closing price of $28.22 from its Next Generation Internet ETF (ARKW). ARK bought over 4 million of the shares late last year as a short-term play in anticipation of the ...