A French citizen, Thomas Clausi, has been sentenced to 18 months in prison for orchestrating a cryptocurrency scam in Morocco. The 21-year-old must also pay a $3.7 million fine to customs authorities and compensate his victims. Clausi’s trial began a few years ago when he purchased a Ferrari for $440,000 worth of Bitcoin from a
Crypto
Pepe Coin (PEPE) has shown remarkable growth in the crypto sector, with its price surging by over 900% in the past seven days. The coin has continued to perform well with another 60% increase in the last 24 hours, and its market capitalization has skyrocketed to over $1 billion. This surge is isolated, as other
Alex Mashinsky, founder of Celsius Network, has filed a motion to dismiss the civil lawsuit against him by New York State Attorney General Letitia James. The complaint accuses Mashinsky of defrauding investors by concealing the deteriorating financial state of the lending platform, leading to the company’s bankruptcy. James’ lawsuit seeks to prevent Mashinsky from operating
A Democratic presidential candidate has spoken out against the anti-crypto sentiment growing within his party. Environmental lawyer, Robert Kennedy Jr., has blamed regulatory agencies for the failure of several banks in March. Kennedy has opposed the bailout approach used by financial agencies and criticized the Federal Deposit Insurance Corporation (FDIC) and Securities and Exchange Commission
Bitcoin’s price has been fluctuating between the 50-day moving average at $28,310 and the psychological resistance level of $30K. The direction of the upcoming rally heavily depends on whether Bitcoin breaks out of this range to the upside or downside. A breakout beyond the $30K region will significantly impact market sentiment, while a decline below
Symmetry has launched its user interface on the Solana blockchain, which represents a groundbreaking step towards decentralized finance (DeFi). The platform aims to transform the way users manage their portfolios through crypto indices and actively managed funds, providing a comprehensive solution for creating, managing, buying, and selling funds. Symmetry’s Infrastructure Layer Symmetry’s infrastructure layer is
Druk Holding & Investments, the investment arm of the Royal Government of Bhutan, has joined forces with Bitdeer Technologies Group, a Nasdaq-listed company, to launch a $500 million fund that will support bitcoin mining activities in Bhutan. The country has been secretly producing BTC since 2017 using its vast amount of hydropower, and the government
On Wednesday, the Federal Reserve raised its benchmark rate to between 5% and 5.25%, in line with market expectations. The announcement had little impact on the price of Bitcoin, which remained relatively stable at around $28,000 to $28,500. The CME FedWatch tool had predicted an 11.8% chance that the Federal Open Markets Committee (FOMC) would
Tenet, a new blockchain protocol, has emerged from stealth mode and launched its Testnet. The protocol is the first Layer-1 blockchain designed to support Liquid Staking Derivatives (LSDs) and was created by former executives from Ankr and Blockdaemon. Tenet is compatible with the Ethereum Virtual Machine (EVM) and allows users to restake their assets on
The Decarbonice project is set to transform the way we generate and consume energy, aiming to decentralize access to renewable energy and offer energy independence to households and businesses. The project’s native token, PNE, plays a crucial role in the ecosystem, offering holders the opportunity to earn passive rewards, additional token airdrops, and even a
On May 3, Europol announced the successful conclusion of Operation SpecTor, a multi-jurisdictional effort to bring down Monopoly Market, a dark web platform that emerged after previous ones were taken down. This operation involved cooperation between authorities in the United States, Austria, France, Germany, the Netherlands, Poland, Brazil, Switzerland, and the United Kingdom. The shutdown
Michael Saylor, the former CEO of MicroStrategy, has shared his opinion on the recent surge in Bitcoin adoption. According to Saylor, there are two main factors driving the widespread adoption of the digital currency. The first factor is the concern about inflation, which results in the loss of confidence in fiat currencies. Saylor believes that