Stocks

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…

U.S. Senators Bill Cassidy, a Louisiana Republican, and Elizabeth Warren, a Massachusetts Democrat, have demanded the Biden Administration to update on the measures taken to combat illicit use of cryptos in fentanyl drug trafficking. The bipartisan Senators wrote a letter, Wednesday, seeking immediate update on “actions to crack down drug…

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…

Pudgy Penguins has partnered with Mythical Games to create a blockchain-enabled AAA mobile game to launch in 2025. According to a press release, the new game will combine the popular Pudgy Penguins characters with Mythical Games’ expertise in blockchain gaming, which developed titles including NFL Rivals and Blankos Block Party.…

Bitcoin spot exchange-traded funds (ETFs) continue to attract significant investor interest as they record thirteen consecutive days of net inflows. On May 30, the total net inflow for Bitcoin spot ETFs reached $48.706 million, according to data from SoSo Value. Grayscale ETF GBTC experienced no outflows on that day, while…

Independent candidate for U.S. president, Robert F. Kennedy Jr. spoke on stage at Consensus 2024 in Austin, Texas, on Thursday, discussing crypto regulation. “We need to make sure America remains the hub of blockchain technology. I’m going to make sure cryptocurrency is regulated in a way that protects the consumer…

US Securities and Exchange Commissioner Hester Peirce is pushing for a collaborative digital securities sandbox between the US and the Bank of England. This initiative would allow businesses to test innovative financial tools in a controlled environment. The sandbox would provide firms with access to technologies, including distributed ledger technology…

Bitcoin Price Prediction In a surprising turn of events, researchers cracked an 11-year-old crypto wallet containing $3 million in Bitcoin by exploiting a flaw in an outdated version of the RoboForm password manager. This breakthrough not only recovered a significant amount of lost Bitcoin but also raised important questions about…

Elon Musk has denied that he discussed crypto policy with presidential candidate Donald Trump. His comment comes after Bloomberg reported Thursday that the two have had crypto-related talks as Trump highlights Bitcoin and other digital assets on his campaign trail to appeal to a broader voter base. “Pretty sure I’ve…

The success of Bitcoin spot ETFs in the United States has come at the expense of their global competitors, despite surging demand for Bitcoin over the past few months. European Bitcoin ETFs Are Losing Money As reported by the Financial Times, spot Bitcoin ETPs in Europe have suffered net outflows…