The Securities and Exchanges Commission charged 11 people for their roles in a cryptocurrency pyramid and Ponzi scheme which raised over $300 million.
SEC charges 11 people in alleged $300 million crypto Ponzi scheme
On Monday, the Securities and Exchange Commission said it charged 11 people for their roles in creating and promoting a fraudulent crypto pyramid and Ponzi scheme that raised more than $300 million ...
Teenage Crypto Kingpin – Who is Ellis Pinsky and How Did He Pull Off a $24 Million Crypto Heist?
Teenage crypto kingpin Ellis Pinsky, who was 15 at the time, masterminded a hack worth $23.8 million. In the few years since then, he has conducted very few interviews on the subject and remains a ...
Japan: finally due a boost?
External challenges could abate for an unloved economy ...
Japan council backs 2nd straight record minimum-wage hike
A government panel on Monday agreed on a record hike of 31 yen in the average minimum wage for fiscal 2022 to 961 yen ($7.28) an hour, ending prolonged consultations as Japan battles accelerating ...
The IRS Is Working On A New Tax Form To Capture Your Crypto Activity
The IRS is reportedly working on introducing a brand new tax form called Form 1099-DA for exchanges to capture individual annual cryptocurrency activity subject to taxation.
Tax-free crypto payments? Sinema and Toomey propose Senate bill covering transactions under $50.
The total market cap for all crypto nearly hit $3 trillion during parts of 2021, but dipped below $1 trillion in July.
Cleaning up crypto: How much enforcement is too much?
The recent implosion of bad debts and contagion across the crypto sector may well result in the imposition of industry-destroying laws. Will this force innovative crypto companies including Ripple out ...
New Yorkers ‘deceived or affected’ by crypto crash urged to contact AG’s office
New Yorkers who were “deceived or affected” by the recent crash in cryptocurrency are being urged by New York Attorney General Letitia James to contact her office.
The Gap Between The Crypto Industry And Regulators Has Never Been Wider
The stakes are high–if a cryptocurrency is deemed a security in a U.S. court, it basically dies in the American crypto ecosystem. That’s because it can’t currently be traded on any cryptocurrency ...
Japan’s central bank shelves plans for CBDC due to a lack of public interest
Despite testing the issuance of a CBDC since 2021, Japan’s central bank has decided to put its plans on hold due to the poor public interest.
Japan PM Kishida urges nuclear states to conduct themselves ‘responsibly’ for non-proliferation
Japanese Prime Minister Fumio Kishida on Monday urged all nuclear states to conduct themselves "responsibly" in non-proliferation efforts at a time when he said the road to a world without nuclear ...
Mizuho Financial Group, Inc.: Weak Yen Helps Japan’s Banks Track Full-Year Guidance Despite Bond Losses; We Like SMFG and SMTH
Mizuho Financial Group is roughly tied with megabank peer Sumitomo Mitsui Financial Group for the status as Japan’s second-largest bank after Mitsubishi UFJ Financial Group. As of March 2021 ...
‘Others Could Fail’—IMF Issues Stark Crypto Warning After Terra Luna-Led Crash Wiped $2 Trillion From Bitcoin, Ethereum And Crypto Market Price
As the shockwaves from the collapse of the terraUSD stablecoin and its support cryptocurrency luna continue to be felt, the International Monetary Fund (IMF) has warned "there are others that could ...
Crypto: Lawmakers rip industry, demand SEC action during recent hearings
With the crypto market in turmoil and investors frozen out of accounts, lawmakers are ratcheting up the pressure on regulators to act.
Brazil’s Nubank amasses 1 million crypto customers in less than a month
In an interview with Brazilian website Neofeed, Nubank CEO and co-founder David Vélez said that reaching 1 million crypto users was a goal for a year from now. He also noted the ...