Digital asset marketplace Bakkt is reportedly considering putting itself up for sale. That’s according to a Friday (June 7) report from Bloomberg News, citing sources familiar with the matter. Those sources said Bakkt — which has a market value of around $300 million as of Friday — had been working with a financial adviser to
The BNB token, a cryptocurrency linked to Binance and its incarcerated co-founder Changpeng Zhao, surged to a record high in the first week of his four-month jail sentence in the US. Its rally underscores Zhao’s status as the richest person ever to do time in a US federal lock up. Zhao reported to a prison in California
More than 20 Brooklyn victims were scammed out of $1 million via Facebook ads. Brooklyn District Attorney Eric Gonzalez announced that the Virtual Currency Unit successfully disrupted a cryptocurrency scam operation that targeted members of the Russian community, incuding those in Brooklyn. The victims were lured into making what turned out to be bogus investments
Cuttack: The Orissa high court has ruled that mere dealing in cryptocurrency cannot be treated as illegal and hence cannot be treated as an offence under the Odisha Protection of Interests of Depositors (in Financial Establishments) Act.The ruling came recently while granting bail to two persons accused of duping investors by operating a ponzi/multi-level marketing
A Connecticut man has been indicted by federal grand jury on a charge of operating an unlicensed money transmitting business, according to federal authorities. William McNeilly, 55, of New Haven, is charged with one count of operating an unlicensed money transmitting business, which carries a maximum term five years in prison if convicted, and with
According to cryptocurrency analysis firm LookOnChain, a trader turned an investment of about $777,000 into $9.4 million in eight days. LookOnChain says that the trader purchased 50.35 million MOTHER tokens on May 29, 2024, worth around $9.4 million today. The rise in profit translates to a growth of about 1110%. Also Read: Cryptocurrency: Top 3
Robinhood plans to buy crypto exchange BitStamp to expand its crypto business internationally even as it faces increased scrutiny by regulators at home. The financial services company said Thursday it would buy BitStamp for $200 million in cash to help it expand its crypto business worldwide. Founded in Slovenia in 2011, BitStamp has a major
Cryptocurrency exchange Kraken is reportedly considering seeking more than $100 million in a final funding round before launching a possible initial public offering (IPO). The company has received inquiries from potential investors amid the current rally in the digital asset market, Bloomberg reported Thursday (June 6), citing unnamed sources. While declining to comment specifically on
As the work-from-home trend grows, scammers are taking advantage of it to trick unsuspecting people. The United States Federal Bureau of Investigation [FBI] has issued a warning about an increase in fraudulent work-from-home job ads, especially those asking for cryptocurrency payments from job seekers. In a statement on June 4, the FBI pointed out a
I didn’t see that coming. On Thursday, Robinhood announced it is buying long-running crypto exchange Bitstamp for $200 million, a move that has big implications for both the company and the broader crypto industry. The deal will add four million to five million new crypto customers for Robinhood but, more significantly, it will also let