Court Orders New York Man to Pay $36M for Forex, Digital Asset Fraud

September 21, 2024 Bitcoin.com

Court Orders New York Man to Pay M for Forex, Digital Asset Fraud

bitcoin.com

William Koo Ichioka has been ordered to pay over $36 million after admitting to a forex and digital asset fraud scheme. His scam, which started in 2018, involved falsifying financial documents and misusing investor funds for personal luxuries like cars and jewelry. In addition to financial penalties, Ichioka faces prison time. The Commodity Futures Trading […]

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

Impact of Fed Rate Cuts on Crypto Markets, Bybit Executive Weighs In

September 20, 2024 Bitcoin.com

Bitcoin

Bybit’s head of institution has shared his insights into the possible effects of the Federal Reserve’s rate cuts on the cryptocurrency market. “We anticipate that the recent rate cut could enhance market sentiment and encourage both retail and institutional investors to diversify their portfolios by exploring and investing in cryptocurrencies,” he opined. Bybit’s Chris Aruliah […]

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

Terraform Labs Gets Court Approval to Wind Down Operations in Bankruptcy

September 19, 2024 Bitcoin.com

Bankruptcy

Terraform Labs has received court approval to wind down operations in bankruptcy following a settlement with the U.S. Securities and Exchange Commission (SEC). The company had been at the center of a scandal that left cryptocurrency investors facing significant losses after the Terra ecosystem collapsed. Court Approves Terraform Labs Wind-Down Terraform Labs has been granted […]

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

SEC Hits Flyfish Club With Charges for Unregistered NFT Offering

September 18, 2024 Bitcoin.com

bitcoin.com

The U.S. Securities and Exchange Commission (SEC) has charged Flyfish Club for conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), raising $14.8 million for an exclusive restaurant project. “Flyfish agreed to a cease-and-desist order, to pay a $750,000 civil penalty, and to comply with certain undertakings,” the regulator noted. SEC Charges […]

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

Microstrategy Announces $700M Private Offering for Debt Buyback and Bitcoin Acquisition

September 17, 2024 Bitcoin.com

Bitcoin

On Monday, U.S.-based Microstrategy, the publicly traded business intelligence (BI) company, unveiled plans for a private offering of $700 million in convertible senior notes. The BI firm plans to raise capital to pay off existing debt and purchase more bitcoin. Microstrategy Reveals Another Private Offering According to Microstrategy’s (Nasdaq: MSTR) announcement, the notes, set to […]

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

CFTC Teams up With SEC to Fight Cryptocurrency Scams

September 14, 2024 Bitcoin.com

awareness

The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic relationships. These partnerships aim to help consumers recognize and avoid these “pig butchering” scams, which defraud victims by building false trust and promoting fake cryptocurrency […]

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

Plastic Surgery Fails to Help Crypto Scammer Evade Arrest After 10 Months

September 2, 2024 Bitcoin.com

Arrest

South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency mining business. The scam resulted in individual losses ranging from 1.2 million […]

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

Fetch.ai launches Innovation Lab with $10M fund for startups

August 23, 2024 Coin Telegraph

Fetch.ai launches Innovation Lab with M fund for startups

Fetch.ai is opening an Innovation Lab in San Francisco for early-stage startups working with AI agents.

Decentralized machine learning platform Fetch.ai is launching a hub in San Francisco, California to advance artificial intelligence technology.

The new hub, Innovation Lab, will onboard early-stage startups working on AI agent solutions — software that uses artificial intelligence to perform specific tasks or make decisions for users or other systems.

According to Fetch.ai, it will allocate $10 million in annual funding for projects using the platform to build AI agents. Funding will be milestone-based, with a $1 million cap per project. The autonomous AI agents market is expected to reach $88.1 billion by 2032.

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

Indian Authority Arrests Man in Crypto Extortion Case

August 18, 2024 Bitcoin.com

Assets

A Gujarat-based man, Shailesh Babulal Bhatt, was arrested under the anti-money laundering law in connection with kidnapping and extortion cases, including a significant cryptocurrency-related crime exceeding Rs 1,200 crore ($144 million), according to the Enforcement Directorate (ED). Bhatt was taken into custody following a money-laundering probe initiated by the ED based on FIRs filed by […]

AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

JPMorgan Prepares Investors for September Rate Cut With Dual Investment Approach

August 17, 2024 Bitcoin.com

bitcoin.com

Favorable economic data this week bolstered market confidence, leading to a strong rally in equities, JPMorgan explained in a report published on Friday. With the Federal Reserve now likely to cut interest rates in September, the global investment bank advises investors to prepare by adjusting their portfolios accordingly. The futures market predicts a 100% chance […]

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