Author: Cointelegraph By Brayden Lindrea

Bitcoin Investing Made Simple!

Founder of crypto ‘Ponzi’ scheme’ IcomTech sentenced to 10 years in prison

David Carmona was the “mastermind” behind IcomTech’s “Ponzi scheme,” which netted an estimated $8.4 million from victims. Source link

Man turns $88K into $415M with Tesla, then sues after losing it all

Christopher DeVocht made a large share of his wealth from Tesla options before its share price tanked in 2022, triggering a cascade of problems for the trader. Source link

TeraWulf sells its 25% stake in Nautilus Cryptomine for $92M

TeraWulf said it will use the proceeds to buy cheaper Bitcoin miners and expand its AI and high-performance computing streams. Source link

Judge finds new California election deepfake ban unconstitutional

Federal Judge John A. Mendez has blocked a new California law that allowed any person to sue for damages over election deepfakes.  Source link

Hacker pleads guilty to stealing $37M in crypto via ‘cyber intrusion’

Evan Frederick Light faces up to 20 years behind bars for each charge, including conspiracy to commit wire fraud and launder monetary instruments. Source link

Proton says Swan Bitcoin lawsuit is ‘fatally flawed,' seeks dismissal

The ex-Swan employees at Proton Management said Swan Bitcoin’s mining lawsuit is baseless because 2040 Energy operated as a “separate entity.” Source link

CleanSpark still to restore 165MW in aftermath of Hurricane Helene

The massive category 4 hurricane has killed at least 137 people, and many more are still missing — while millions of homes and businesses remain without power.  Source link

US election outcome won’t slow Q4 Bitcoin rally, says hedge fund

Neither US party has attempted to adequately address the country’s spiraling debt and deficit problem, which will play into Bitcoin’s hands post-election, says a hedge fund manager.  Source link

US Bitcoin ETFs raked in $1.1B this week, most since mid-July

BlackRock, ARK 21Shares and Fidelity’s Bitcoin products led the way with $499 million, $289.5 million and $206.1 million in inflows, respectively. Source link

Billionaire Bitcoiner slams UK tax system, leaves for Swiss Bitcoin city: Report

Bitcoiner Christian Angermayer claimed the United Kingdom’s latest tax proposal for non-doms would be a “huge mistake” and be “a bigger act of national self-harm than Brexit.” Source link