Crypto

A Virginia man convicted of stealing more than $2.5 million from investors concealed millions in cryptocurrency before declaring just 34 cents in financial assets. Federal prosecutors said he also denied owning any crypto during bankruptcy. Key Takeaways Park was convicted of three wire fraud and two bankruptcy fraud counts. Prosecutors said he hid millions in crypto before claiming only…

On Tuesday, the bitcoin and Lightning services firm Coincorner introduced the launch of a product called Vault, a bitcoin storage service offering multi-signature security in partnership with the custody company Anchorwatch, with “insurance underwritten by Lloyd’s of London, covering loss of keys and unauthorised access.” Key Takeaways Coincorner rolled out Vault on Sept. 8, giving bitcoin…

Chris, the pseudonym the British man gave to the media, managed to reclaim his bitcoin stash after a legal fight with Intersango, formerly known as Britcoin, an exchange that shut down operations in 2014. While it was under Intersango’s custody, his investment grew to 3.3 million pounds ($4.4 million). Key Takeaways An investor recovered 61 BTC trapped in a 2014 exchange collapse, yielding a…

This week’s stories spanned retail trading, portfolio diversification, regulation, privacy, and sanctions. Fomo broke into the top five U.S. finance apps, while Grayscale argued that record stock concentration strengthens the case for crypto. Prediction markets turned bearish on the CLARITY Act, a claimed leak of 153 million drivers’ licenses reignited criticism of KYC, and the U.S. expanded…