On Friday, the U.S. Department of Justice (DOJ) said that a Los Angeles man had been given “38 months in prison for his participation in Bitconnect.” Justice Department officials called Bitconnect a “massive fraudulent cryptocurrency investment scheme.” Typical Ponzi Scheme According to court records, 44-year-old Glenn Arcaro plotted with others
This boosts the company’s computational capacity to 4.1 ExaHashPerSecond. In October of 2021, development started on the Bitcoin mining facility in Argentina. Bitfarms, a Bitcoin (BTC) mining firm located in Canada, has opened up operations in Argentina. Argentina is the company’s tenth Bitcoin mining facility overall. This boosts the company’s
Kiyosaki says the Federal Reserve will destroy the American economy by raising interest rates. The Federal Reserve is widely anticipated to increase interest rates by 75 basis points. American businessman and author, Robert Toru Kiyosaki has again come up with support for cryptocurrencies. In a recent tweet, he claimed that
Blockdata, a research organization, analyzed the investments made by major firms in blockchain and cryptocurrency startups between September 2021 and mid-June 2022, and found that South Korean electronics giant Samsung was the most active, having invested in 13 companies during that time period. The second most active investor is United
The Russian government has entrusted the Central Bank and the Ministry of Finance. Vladimir Putin emphasized Russia’s potential as a currency minting destination. To help shape the future of the digital financial asset (DFA) market in the Russian Federation, Prime Minister Mikhail Mishustin has instructed the Ministry of Finance to
Palazzo Versace Dubai, a five-star hotel in Dubai, now accepts cryptocurrency payments for rooms, meals, and spa services. Payments made by Bitcoin, Ethereum, or Binance Coin (BNB) from guests will be handled via the Binance platform. Moreover, the 146-room, ultra-luxury resort in Jaddaf Waterfront announced in a press release that
Vietnam was given a perfect score of 100 after applying ranking methodology. 21 percent of Vietnamese consumers have used or owned digital assets at some time. Adoption of digital assets has slowed in the previous 12 months owing to the crypto winter, according to Chainalysis‘ new research, “The 2022 Global
Digital Asset Coordinators Network is the name chosen for the new group. The first head of the DOJ’s national cryptocurrency enforcement unit is Eun Young Choi. The US DOJ has assembled a team of attorneys to handle cases involving crypto-related offences. The Department of Justice (DOJ) reportedly sent in around
FedEx’s performance in the first quarter fell short of expectations. Jamie Dimon, CEO of JPMorgan expressed similar concerns a few weeks back. FedEx CEO Raj Subramaniam predicted a worldwide economic downturn in an interview with CNBC’s Jim Cramer this past Thursday. This forecast follows Subramaniam’s disclosure that FedEx’s performance in
Wenjie is entitled to the protections accorded to the owner of virtual property. In its ruling on cryptocurrencies, the court said that although LTC is a “network currency.” According to a recent report, a Chinese intermediate court reiterated a lower court’s decision that litecoin is a virtual property protected by
