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He also created a mysterious corporate entity called “Government Blockchain Systems LLC,” which had only the tax collector’s office as a client, and hired a convicted real-estate scam artist named Keith Ingersoll to acquire property for the office. This employee, Ingersoll had connections to a fraudulent $15 million initial coin
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“Some additional utility does not remove a crypto asset security from the definition of an investment contract,” Gensler said, though he added that tokens built for exclusive use in their blockchain ecosystems can be exempted from such accusations. “The investing public generally buys these crypto assets, at least in part,
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A society of 25 artificial intelligence (AI) bots were observed waking up, cooking breakfast, heading to work, going to the bar for lunch with friends and even throwing a party by six researchers who created a town for the bots.The researchers from Google and Stanford University explained in an April
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Founded in early 2022, Modulo operated out of the same luxury Bahamian condominium community where Sam Bankman-Fried and other FTX employees lived. Source
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Crypto markets threw a nice head fake this week by rallying into resistance on a “positive” Consumer Price Index (CPI) report, before retracing the majority of those gains right after Federal Reserve Chair Jerome Powell took on a surprisingly hawkish tone during his post-rate-hike presser. The Fed hiked interest rates by
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On Dec. 14, Bitcoin (BTC) price hit a one-month high and saw a brief resurgence in bullish momentum, but a hawkish report by the Federal Reserve’s Federal Open Market Committee (FOMC) and comments from Fed chair Jerome Powell sent BTC to an intraday low at $17,659. Stocks and Bitcoin started the day
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After the collapse of FTX, a number of journalists reported on the fact that FTX executives deployed significant donations to political leaders in the United States. During the most recent election cycle leading up to the U.S. midterms in 2022, reports claim that Sam Bankman-Fried donated more than $40 million
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Following Ethereum’s Merge, a number of cryptocurrency community members have been discussing the proof-of-work (PoW) fork called ETHW as it dropped significantly in value during the past few days. However, a lot of people are unaware that there’s another Ethereum-based PoW fork called ethereumfair (ETF), and ETF has gathered a
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Celsius’s 1.7 million registered users across over 100 countries gave up title to the crypto they deposited into Earn and Borrow accounts, according to the firm’s lawyers.At the first bankruptcy hearing for Celsius on July 18, lawyers from the Kirkland law firm led by Pat Nash detailed how retail users
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JPMorgan has taken a dive straight into non-fungible tokens (NFT).The megabank gave away NFTs to attendees of its first “Crypto Economy Forum for TradFi Investors” event, which was held at the Wall Street giant’s New York headquarters earlier this week.None have traded so far, according to OpenSea, but one of
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