The Hedge Fund 3AC is under investigation for defrauding the crypto industry and Blockchain.com has declared that it is assisting with ongoing investigations.
In the near future, central banks will need to introduce some sort of alternative system in order to preserve economic authority as many conventional currencies begin to lose public confidence due to inflation. Towards this end, the BIS is set to allow member banks to hold 1% of their reserves
Ruja Ignatova, also called the Crypto Queen, has been added to the FBI’s Most Wanted List and has become the first crypto criminal on it with a reward of up to $100,000 for information leading to her capture.
Bitcoin could continue to decline for an extended period of time due to the growing concern around the stability of global markets. Thus far, 80,000 Bitcoin millionaires have been wiped out in the great crypto crash of 2022.
A contract agreement obtained by Jack Poulson, director of the watchdog group Tech Inquiry, shows that the cryptocurrency exchange Coinbase is providing geo-tracking data to US government agencies without any restrictions placed on it.
El Salvador became the first country to accept Bitcoin as legal tender in September 2021. Fast forward to the present, discussions about El Salvador’s bitcoin default are becoming commonplace.
A Youtuber called Coffeezilla has investigated in a video if Justin Sun’s USDD is another Ponzi scheme and whether it will follow Luna’s collapse last month after it depegged.
The Enforcement Directorate conducted six raids earlier this month as part of a thorough investigation into the alleged defrauding of over 15,000 investors. India’s biggest crypto scam could come up to Rs 1 trillion shifting to a scale that has never been seen before in the nation.
In a recent interview, the co-founder of the world’s largest crypto hedge fund, Three Arrows Capital, said they are begging for a bailout due to the Luna crash.