Former Deutsche Bank employee and FINRA registered broker, Rashawn Russell, aged 28, has been sentenced to 41 months in prison for wire fraud and crypto fraud scheme that saw investors lose $1.5 million. Russell was sentenced by United States District Judge Hector Gonzalez on Thursday and has been ordered to pay more than $1.5 million...
Unchained, a Bitcoin financial services firm based in Austin, Texas, has joined forces with the University of Austin (UATX) to launch a groundbreaking long-term endowment fund. The initiative aims to raise $5 million, which will be invested in Bitcoin for a minimum period of five years, according to an announcement from Unchained. As the first-ever...
Zentry, formerly known as GuildFi, has secured funding in a strategic round to build its Metagame Layer. According to a press release shared with Cryptonews.com, the funding round included investments from Spartan Capital, Synergis, LongHash Ventures and DWF Labs. Animoca, Binance Labs, Coinbase Ventures and Pantera Capital have previously supported the company. Metagame Layer to...
Bitcoin’s market outlook has garnered significant attention following Elon Musk recent tweet denying any discussions about cryptocurrencies with former U.S. President Donald Trump. Musk stated, “Pretty sure I’ve never discussed crypto with Trump, although I am generally in favour of things that shift power from the government to the people, which crypto can do.” This...
In an exclusive interview with Cryptonews’s Matt Zahab at Consensus 2024 in Austin, Ralf Kubli, a board member at the Casper Association, shared the cutting-edge advancements Casper is making in the blockchain and AI space. This interview revealed Casper’s innovative enterprise solutions, unique tokenization approach, and exciting new collaboration with IBM. Casper is making significant...
Japanese Bitcoin exchange DMM lost 4,502.9 Bitcoin to a hack on Friday, comprising 48.2 billion yen ($305 million USD) worth of customer funds. DMM confirmed the loss in a public statement, calling it an “unauthorized leak of Bitcoin (BTC) from our wallet.” DMM Bitcoin Implements Restrictions Following Crypto Hack “We are still investigating the details...
In an insightful interview at Consensus 2024, Adeniyi Abiodun, co-founder and Chief Product Officer (CPO) at Mysten Labs, the company behind the Sui blockchain, talked about building a highly scalable blockchain. He discussed the importance of consensus algorithms, multi-machine architecture, and cryptography in achieving speed, scalability, and efficiency while maintaining security. Moreover, Abiodun discussed the...
Bitcoin (BTC) continued its upward momentum, reaching around $67,900. The Federal Reserve’s preferred inflation measure, the Core PCE Price Index, increased by 0.2% month-over-month in April, aligning with expectations but slightly below the previous month’s 0.3% rise. This modest increase may ease some inflation concerns for the Fed, but consistent readings are necessary to support...
Robert F. Kennedy Jr. (RFK Jr.) says he bought 21 bitcoins for his children after winning a $13 billion case against biotech giant Monsanto, the crypto-friendly U.S. presidential candidate said at Consensus 2024 in Austin, TX, on May 30. RFK Jr. Bought 21 Bitcoins For His Children Following Legal Victory In 2018 An established attorney...
Bitcoin (BTC) has failed to sustain its overnight bullish momentum, trading near $67,700. This downturn is influenced by several factors, including a $300 million hack at a Japanese crypto exchange and President Biden’s veto of a bill targeting SEC crypto regulations. Additionally, Vitalik Buterin’s insights on Bitcoin scaling disputes emphasize the need for new technologies...