Federal Grand Jury Indicts BitConnect Founder Over Alleged $2.4B Crypto Scheme

Federal Grand Jury Indicts BitConnect Founder Over Alleged $2.4B Crypto Scheme

In brief The U.S. Department of Justice announced today the indictment of BitConnect founder Satish Kumbhani. The indictment alleges Kumbhani and his co-conspirators obtained approximately $2.4 billion from investors in a Ponzi scheme. The U.S. Department of Justice today revealed its indictment against Satish Kumbhani, the founder of defunct cryptocurrency platform BitConnect. According to the … Read more

Wealthsimple founder says Canada should ‘plant a flag’ in crypto

Wealthsimple founder says Canada should 'plant a flag' in crypto

Canada’s policy makers and regulators should work to make the country a leading destination for cryptocurrency and blockchain companies as part of a broader strategy to diversify its economy, Wealthsimple Chief Executive Officer and co-founder Mike Katchen said. Blockchain technology is “wildly exciting,” and regulators should clarify the tax and legal issues surrounding cryptocurrencies, Katchen … Read more

Founder of crypto lender Nexo says bitcoin could hit $100,000 in 2022

Founder of crypto lender Nexo says bitcoin could hit $100,000 in 2022

Bitcoin could see further upside and surge as high as $100,000 by the middle of 2022, according to Antoni Trenchev of cryptocurrency lender Nexo.The world’s largest cryptocurrency by market cap was trading at $46,170.43 as of 8:42 p.m. ET Monday, according to data from Coin Metrics.”I think [bitcoin’s] going to reach $100,000 this year, probably by … Read more

We spoke to crypto mega-billionaire and FTX founder Sam Bankman-Fried. Here are the 5 biggest takeaways. | Currency News | Financial and Business News

Sam Bankman-Fried FTX founder crypto exchange

Sam Bankman-Fried co-founded the crypto exchange FTX in 2019.FTX Sam Bankman-Fried built a crypto trading empire worth almost $30 billion in just a few short years. The 29-year old founder has worked around the clock for years to fulfill his goal of becoming a major philanthropist. These are the five big takeaways from Insider’s recent … Read more

Bitcoin Suisse Founder Steps Down As Crypto Retrenches

Bitcoin Suisse Founder Steps Down As Crypto Retrenches

Niklas Nikolajsen, who was one of the three to found Swiss cryptocurrency platform known as Bitcoin Suisse in 2013, will be stepping away from the company as of Jan. 1. The Zug-based company announced that Nikolajsen would be stepping down from his role as chairman of the board for current board member Luzius Meisser to take his … Read more

Colborn Bell, Founder of the First Museum of Crypto Art, Isn’t Worried About Wooing the Traditional Art World

Colborn Bell, Founder of the First Museum of Crypto Art, Isn't Worried About Wooing the Traditional Art World

Enter the Museum of Crypto Art (M○C△) right now and you will find a show of about 50 artworks by many of the big names of the NFT space, drawn from its permanent collection: Frenetik Void’s Superyo, a surrealist image of a giant head; Dmitri Cherniak’s Wreck a Man, his pastel abstraction evoking the art … Read more

Marcus Lamb, founder of Daystar Television Network, dies after getting COVID-19 : NPR

Marcus Lamb, founder of Daystar Television Network, dies after getting COVID-19 : NPR

Marcus Lamb, the CEO and founder of the conservative Christian Daystar Television Network who was outspoken against COVID-19 vaccines, has died at age 64 after contracting the virus. AP hide caption toggle caption AP Marcus Lamb, the CEO and founder of the conservative Christian Daystar Television Network who was outspoken against COVID-19 vaccines, has died … Read more

Finiko Founder Doronin Offers to Testify Against 44 Accomplices at Crypto Pyramid – Bitcoin News

Finiko Founder Doronin Offers to Testify Against 44 Accomplices at Crypto Pyramid

Kirill Doronin, mastermind of the Russian crypto Ponzi scheme Finiko, has proposed to testify against dozens of his former associates he claims violated his order to accept only cryptocurrency from investors. The founder of Russia’s largest financial pyramid in modern times has already provided detailed testimonies against a long list of accomplices, a media report … Read more

Ben Armstrong, Founder of BitBoy Crypto, Premiers Decentralized Internet Video Special “The Internet is Rotting Away” for Free on YouTube

Ben Armstrong, Founder of BitBoy Crypto, Premiers Decentralized Internet Video Special "The Internet is Rotting Away" for Free on YouTube

The 12-minute BitBoy Special Commemorates the Recent 30-year Anniversary of Tim Berners Lee World Wide Web WhitepaperATLANTA, Nov. 11, 2021 /PRNewswire-PRWeb/ — BitBoy Crypto, the most popular crypto content channel with more than 5 million followers, premiers their first video special, The Internet is Rotting Away, for free on YouTube. The 12-minute special commemorates the … Read more

Crypto founder Do Kwon explains why he’s suing the SEC

Crypto founder Do Kwon explains why he's suing the SEC

The crypto founder going on the offensive in the industry’s latest battle with the Securities and Exchange Commission (SEC) called out a lack of understanding as a big problem among regulators.Terraform Labs co-founder and CEO Do Kwon, who sued the SEC Friday to quash a recent subpoena, explained to Yahoo Finance at Monday’s All Markets … Read more

The founder of DeFi network avalanche says success for crypto will be bitcoin losing its crown to a stablecoin | Currency News | Financial and Business News

Bitcoin crushed by US dollar

Bitcoin crushed by US dollar urfinguss “We are not anywhere near done until the number one coin is a stablecoin,” Emin Gün Sirer, CEO of Ava Labs, told Insider. Stablecoins have an advantage because they can be tied to assets like the dollar, which makes them less volatile. But stablecoins face questions from regulators about … Read more

Crypto news: Cardano founder Charles Hoskinson says US is trying to ‘kill’ blockchains

Crypto news: Cardano founder Charles Hoskinson says US is trying to ‘kill’ blockchains

A crypto founder has issued a grim warning about the digital currency despite record windfalls in the past week, with worse on the horizon.A top crypto boss has issued a grim warning about the digital currency despite record windfalls in the past week. Over the weekend, bitcoin topped the all-important $US60,000 mark ($A82,351) for the … Read more