CryptoNews

US Sends Crypto Promoter to Prison for 20 Years in Multi-Million Dollar Ponzi Scheme

October 17, 2024
A cryptocurrency promoter was sentenced to 20 years in prison for running a Ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking U.S. communities. The scheme, disguised as a crypto mining operation, promised guaranteed returns but left victims unable to withdraw funds while promoters pocketed millions. The fraudster was ordered to forfeit over $3.6…
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CryptoNews

Ripple Reveals Exchanges for Stablecoin RLUSD Launch

October 16, 2024
Ripple has announced that its new USD-denominated stablecoin, RLUSD, will be available globally through strategic partnerships with major platforms, including Uphold, Bitstamp, Bitso, Moonpay, Independent Reserve, Coinmena, and Bullish. Fully backed by U.S. dollar reserves, government bonds, and cash equivalents, RLUSD is positioned to enhance financial solutions while ensuring transparency and…
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FBI Seeks Crypto Fraud Victims in Major Market Manipulation Case

October 11, 2024
The Federal Bureau of Investigation (FBI) is urging potential victims of cryptocurrency fraud to come forward as it investigates market manipulation involving several cryptocurrency companies. Accusations include “wash-trading” and artificially inflating trading volumes to deceive investors. FBI Seeks Victims in Major Cryptocurrency Fraud Investigation The Federal Bureau of Investigation…
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CryptoNews

London Man Denies Running Illegal Cryptocurrency ATMs

October 11, 2024
A London resident has denied charges of operating an illegal cryptocurrency ATM business and laundering criminal proceeds. The individual is accused of converting £300,000 into digital currencies without Financial Conduct Authority (FCA) authorization. The regulator…
CryptoNews

FBI Warns Investors of Growing Crypto Scams Amid Billion

October 11, 2024
The Federal Bureau of Investigation (FBI) has issued a warning to cryptocurrency investors, highlighting a surge in scams, particularly targeting retirees and the elderly. FBI experts explain how scammers trick victims into fake crypto investments and scare them into handing…
CryptoNews

XRP Army Launches Petition Against SEC Appeal in Ripple Case

October 9, 2024
The XRP Army is ramping up efforts to push back against the U.S. Securities and Exchange Commission (SEC)’s appeal in the Ripple vs. SEC lawsuit , calling it unnecessary and damaging to the cryptocurrency market. XRP supporters claim that the SEC’s actions create instability in the crypto sector, directly contradicting the agency’s mission. XRP Army’s Petition Calls for SEC to End…
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