Crypto

Unveiling the Future: Experts Analyze Bitcoin ETF Adoption and Crypto Market Impact Amidst Inflation Concerns

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MIAMI, FL – In today’s episode of CNBC Crypto World, Steven Lubka, the managing director of Swan Private Client Services, delves into the adoption of spot bitcoin ETFs and the impact of inflation and interest rate expectations on crypto markets. The show offers viewers the latest news and trading updates from the digital currency markets, as well as high-profile interviews, explainers, and unique stories from the constantly evolving crypto industry. Lubka’s insights shed light on the growing interest in spot bitcoin ETFs, which are exchange-traded funds directly linked to the price of bitcoin. With several … Read more

New York Jury Convicts Two Individuals in Multi-Million Dollar Crypto Ponzi Scheme

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NEW YORK (AP) – After a two-week trial, a jury found David Brend and Gustavo Rodriguez guilty of wire fraud conspiracy in connection with their involvement in IcomTech, a cryptocurrency mining and trading company. The verdict was reached in New York on Tuesday. Brend and Rodriguez, who could face up to 20 years in prison, were convicted for their roles in what authorities described as a fraudulent “Ponzi” scheme orchestrated by IcomTech’s founder, David Carmona. Prosecutors revealed that Carmona hired Rodriguez to develop IcomTech’s website, which falsely advertised guaranteed daily returns from cryptocurrency trading and … Read more

Australian Court Delivers Landmark Decision in Favor of Crypto Industry, Dismissing Regulatory Case Against Finder Wallet

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SYDNEY, Australia – In a significant victory for the crypto industry, an Australian Federal Court has made a “landmark” judgment that dismissed a case brought by the country’s market regulator against Finder Wallet. The case alleged that the Finder Earn product offering violated the Corporations Act by operating as a financial services business without the necessary license. However, the court ruled in favor of Finder Wallet, stating that the Australian Securities and Investment Commission (ASIC) failed to prove that the product was a debenture. As a result, ASIC has been ordered to pay the defendant’s … Read more

FTX Crypto Trading Platform Accused of Running Profit-Making Scam with Bahamas Bank: Lawsuit Reveals Secrets

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MIAMI, FL – FTX, a cryptocurrency trading platform, is at the center of a scandal involving the creation and sale of Tether stablecoins in a profit-making scheme. According to a recent lawsuit reported by Bloomberg, FTX allegedly worked secretly with Deltec Bank & Trust Ltd., based in the Bahamas, to carry out this fraudulent activity. The lawsuit, filed in a Florida court, also implicates Alameda Research, FTX’s sister firm. Caroline Ellison, former CEO of Alameda Research, provided details of the scheme in the court filing. The process involved Alameda creating Tether, also known as USDT, … Read more