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$4B Co-founder Of OneCoin Fraud Pleads Guilty, Faces 60 Years In Prison

$4B Co-founder Of OneCoin Fraud Pleads Guilty, Faces 60 Years In Prison

Karl Sebastian Greenwood, who was one of the co-founders of the fraudulent cryptocurrency scam OneCoin that included several billions of dollars, has entered a guilty plea to numerous counts brought up by the United States Department of Justice. The sentencing hearing for Greenwood is scheduled to take place in front of District Judge Edgardo Ramos on April 5, 2023. He may get a term of up to 60 years in prison at that time.

First Private Bank Joins Turkish Digital Asset Blockchain Network

First Private Bank Joins Turkish Digital Asset Blockchain Network

Garanti BBVA, the second-largest private bank in Turkey with $104 billion of consolidated assets has confirmed that it will be the first and only private bank joining the Turkish Digital Asset Blockchain Network.

India Plans to Ban Private Cryptos like Bitcoin in Favor of National Cryptocurrency

India Plans to Ban Private Cryptos like Bitcoin in Favor of National Cryptocurrency

India plans introducing a new bill to ban private cryptocurrencies as well as introduce a national digital currency.

Fed Chair Powell Asserts Money Supply is for Central Banks not Private Sector

Fed Chair Powell Asserts Money Supply is for Central Banks not Private Sector

Federal Reserve Chairman Jerome Powell asserted that the private sector has no place in money issuance and by extension the development of a Central Bank Digital Currency (CBDC).

Canadian Crypto Exchange Shuts Down to Protect Customers

Canadian Crypto Exchange Shuts Down to Protect Customers

In Vancouver, Canada, another cryptocurrency exchange has closed down. This is not the first Canadian based Exchange to encounter problems, with some users losing everything last year when another exchange lost access to private keys.

Singaporean Company Launches World’s First Blockchain-Enabled Carbon Trading Exchange

Singaporean Company Launches World’s First Blockchain-Enabled Carbon Trading Exchange

AirCarbon Pte, a Singaporean exempt private company, has established the first-ever blockchain-powered carbon trading exchange (CTX) that will permit corporate buyers and airlines to sell and purchase tokens subsidized by carbon offset credits.

SEC’s Demand for Private Financial Information from Ripple Lead Executives in XRP Case – an “Inappropriate Overreach?”

SEC’s Demand for Private Financial Information from Ripple Lead Executives in XRP Case – an “Inappropriate Overreach?”

The battle between the Securities and Exchange Commission (SEC) and Ripple over how XRP should be regulated continues to stretch on.

17,000 Customers Claim Refund from Collapsed Canadian Crypto Exchange QuadrigaCX

17,000 Customers Claim Refund from Collapsed Canadian Crypto Exchange QuadrigaCX

Ernst & Young, the trustee of the now-bankrupt cryptocurrency exchange QuadrigaCX, published a report showing that almost 17,000 people have filed for the remaining assets of the crypto exchange. EY assumed control of the crypto exchange in February 2019 after QuadrigaCX filed for bankruptcy. Ernst & Young took over custody of QuadrigaCX’s assets following the alleged death of Gerald Cotton, the founder of QuadrigaCX, who held the private keys to the crypto holdings, in January 2019. The report indicates that as many as 16,959 people have claimed assets ranging from Litecoin, Bitcoin, Ethereum, Bitcoin Gold, Bitcoin SV, and Bitcoin cash, along with US dollars and Canadian dollars.

Stealth Now Live on Altilly Crypto Exchange

Stealth Now Live on Altilly Crypto Exchange

The CEO of Altilly, Nayiem Willem announced on Oct.10, “we’re pleased to have Stealth (XST) join our exchange platform.”

SEC New Accredited Investor Definition Could Increase Access to Certain Crypto-Related Products

SEC New Accredited Investor Definition Could Increase Access to Certain Crypto-Related Products

The United States Securities and Exchange Commission (SEC) is looking to allow more individuals and entities to participate in private capital markets.

Bitcoin Exits OKEx Exchange in Droves as Withdrawal Service Reopens

Bitcoin Exits OKEx Exchange in Droves as Withdrawal Service Reopens

OKEx users have withdrawn 2,822 Bitcoin (BTC) from the exchange within 15 minutes of withdrawal services reopening after they were suspended due to an investigation.

Bithumb Crypto Exchange Puts Itself Up for Sale Amid Fraud Probe

Bithumb Crypto Exchange Puts Itself Up for Sale Amid Fraud Probe

Bithumb cryptocurrency exchange is set up for sale amid accusations of the alleged fraud.

Shenzhen Stock Exchange to Integrate Blockchain Technology to “Better Serve” China’s Capital Market Sector

Shenzhen Stock Exchange to Integrate Blockchain Technology to “Better Serve” China’s Capital Market Sector

The Shenzhen Stock Exchange, also known as the Shenzhen Stock Connect, has signed an agreement with the Guangdong Equity Exchange to jointly work on further developing the use of blockchain technology in the capital market sector.

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