A shocking case of embezzlement has come to light in Kansas where a former bank executive, Shan Hanes, was sentenced to 293 months in federal prison for stealing $47.1 million in a cryptocurrency fraud scheme. Hanes, who was the former CEO of Heartland Tri-State Bank (HTSB), admitted to executing 11 unauthorized wire transfers over a
Indian cryptocurrency exchange WazirX is facing challenges in its restructuring process, as external parties not invested in the platform are attempting to prolong the process for their own gains. The exchange has highlighted that these parties are creating uncertainty and hindering the resolution process, rather than working towards a solution. Following a major security breach
Opeyemi, a dedicated writer, has found his passion in the dynamic and extraordinary realm of cryptocurrency. Despite not initially choosing the digital asset industry, he has been captivated by it for over two years. His commitment to creating unique content that demystifies blockchain technology and provides insights into cryptocurrency trends is truly commendable. Opeyemi’s fascination
Shibarium, a layer-2 blockchain solution built on the Ethereum network, has been making significant strides in enhancing the Shiba Inu ecosystem. Since its inception a year ago, the protocol has undergone key upgrades and reached important milestones, positioning itself as a crucial player in the crypto space. One of Shibarium’s main objectives has been to
The European Union’s AI innovation has been hindered by what Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek refer to as a “fragmented regulatory structure.” They insist that the current framework is characterized by inconsistent implementation, creating confusion among companies and impeding their ability to fully embrace the opportunities presented by AI technology. Zuckerberg
German authorities recently seized a significant amount of cash and 13 crypto ATMs as part of a crackdown on unlicensed cryptocurrency operations. Led by the Federal Financial Supervisory Authority (BaFin), the operation aimed to strengthen regulatory oversight in the rapidly expanding cryptocurrency sector in Germany. This nationwide sting operation targeted 35 locations where crypto ATMs
The recent report by Coinbase suggests that there is a growing trend among young voters, particularly Gen Z and Millennials, to support candidates who advocate for crypto and financial innovation. These generations now make up 40% of the electorate and are increasingly dissatisfied with the current financial system. According to the report, only 9% of
Semilore Faleti is a cryptocurrency writer with a specialization in journalism and content creation. He has a unique ability to break down the complexities of the blockchain and cryptocurrency world. Starting out by covering a wide range of subjects, Semilore quickly discovered his passion for digital assets and their efficiency in storing and transferring value.
Bitcoin’s price surged to $65,000 after a period of trading sideways, thanks in part to the actions of the US Federal Reserve. The relationship between Bitcoin and the US central bank’s economic policies has been evident over the past few years. During the COVID-19 crash, the Federal Reserve made significant changes to its approach, causing
One of the critical factors affecting the current price movements of Bitcoin is the decrease in demand growth. Historical on-chain data has shown that high demand for Bitcoin often precedes price recoveries and rallies. However, recent market dynamics indicate that such movements are unlikely in the near future. Since early April, Bitcoin demand has slowed
