CryptoNews

Feds Say AI Crypto Firm Was a Scam, Owner Faces Trial

February 17, 2025
A Las Vegas businessman, Brent C. Kovar, 58, has been indicted for allegedly orchestrating a $24 million cryptocurrency Ponzi scheme through his company, Profit Connect. Prosecutors claim Kovar falsely promoted Profit Connect as an artificial intelligence-powered cryptocurrency mining firm that guaranteed fixed investment returns of 15%-30% APR and falsely implied FDIC backing. From 2017 to 2021…
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South Korea to Allow Institutional Crypto Trading in H2 2025

February 17, 2025
Starting in the second half of the year, South Korea will allow certain institutional investors, including listed companies, to open virtual asset trading accounts. Risks of Institutional Participation South Korea will allow certain institutional investors to open virtual…
CryptoNews

Hollywood Hijinks: Crypto Promoter Arrested After Daring Stunt

February 17, 2025
A man was arrested after climbing the Hollywood sign and waving a flag promoting the Vigilante token cryptocurrency. Vigilante Token Launched in ‘Most Viral’ Way On Feb. 15, the Los Angeles Police Department confirmed that officers detained a man seen atop the Hollywood…
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20 US States Push Bitcoin Reserve Bills, Potentially Igniting a $23 Billion BTC Buying Frenzy

February 13, 2025
Lawmakers in 20 U.S. states are pushing bitcoin reserve bills that could inject $23 billion (247K BTC) into the market, according to Vaneck’s head of digital assets research, who calls the estimate conservative. 20 State Bitcoin Bills Could Unleash a $23 Billion Buying Wave—247K BTC at Stake Lawmakers across 20 U.S. states have introduced bills aimed at establishing bitcoin and digital asset…
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Litecoin ETF Approval Odds at 90%, Analysts Say

February 12, 2025
Bloomberg ETF analysts Eric Balchunas and James Seyffart have compiled a list of crypto ETF applications that they believe will have shot at being approved by the U.S. Securities and Exchanges Commission (SEC) this year, and assigned a probability of approval to each filing. At the top of that list is the Litecoin ETF application which Balchunas and Seyffart think has a 90% chance of approval.
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Nasdaq Files to List XRP ETF, Stating XRP Is Hard to Manipulate

February 11, 2025
Nasdaq is seeking SEC approval to list the Coinshares XRP ETF, arguing that XRP’s deep liquidity and decentralized structure reduce manipulation risks. Nasdaq Seeks SEC Approval for Coinshares XRP ETF The Nasdaq Stock Market LLC has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the Coinshares XRP ETF under Nasdaq Rule 5711(d). The…
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