A Denver, Colorado-based online pastor and his wife were indicted Tuesday on charges related to a cryptocurrency fraud scheme that raised more than $3 million from faith-based investors. Online pastor Eli Regalado and his wife, Kaitlyn, were indicted on 40 counts stemming from what Denver District Attorney John Walsh described as a “multi-million-dollar cryptocurrency scam.”…
Read more
Spot Ether exchange-traded funds (ETFs) continued their bullish momentum on Tuesday, recording a net inflow of $533.87 million and extending their streak to 13 consecutive trading days of inflows, according to data from SoSoValue. BlackRock’s iShares Ethereum Trust (ETHA) led the surge with $426.22 million in daily net inflow. The fund now holds over $10…
Read more
The US is looking to nab $7.1 million worth of crypto seized by Homeland Security in December tied to an allegedly fraudulent oil and gas investment scheme. The Seattle US Attorney’s Office said on Tuesday that it filed a civil action to seek the forfeiture of some of the $97 million taken in by the…
Read more
Sticking to historical crypto cycle patterns could still pay off for retail traders, despite the increasing influence of institutional investors, says a crypto executive. “If you’re analytical, follow the patterns, and take an emotionless approach, you’re going to do well in the crypto space,” Australian crypto exchange Coinstash co-founder Mena Theodorou told Cointelegraph on Tuesday.…
Read more
The US Securities and Exchange Commission approved and then immediately paused the conversion of Bitwise’s crypto index fund into an exchange-traded fund, leaving it in limbo pending a review. The SEC’s division of trading and markets granted an “accelerated approval” of the Bitwise 10 Crypto Index conversion into an ETF on Tuesday, which means Bitwise…
Read more
Exchange-traded fund issuer 21Shares has filed with US regulators for a product tracking the spot price of Ondo, the native token of the decentralized finance protocol Ondo Finance. 21Shares submitted a preliminary prospectus with the Securities and Exchange Commission for the “21Shares Ondo Trust” on Tuesday, which aims to directly hold Ondo (ONDO) tokens and…
Read more
Bitcoin is unlikely to reach $200,000 this year as buying volume isn’t increasing enough to keep pushing the price higher, according to a crypto analyst. It comes after several industry executives have recently speculated that Bitcoin (BTC) will soon hit $200,000. “How on earth can we be going up when there is no volume?” Glassnode…
Read more
The UK is moving forward with a ban on its public sector and operators of critical national infrastructure paying ransomware demands. The proposals released on Tuesday as a result of a public consultation call for a ban on ransomware payments covering all public sector bodies and critical national infrastructure such as energy, health service and…
Read more
Bitcoin mining company Bitfarms has announced a share buyback program, authorizing the repurchase of up to 49.9 million common shares, or 10% of its public float, over the next 12 months. The Toronto Stock Exchange (TSX) approved the buyback program, and covers repurchases on both the TSX and Nasdaq, according to an announcement on Tuesday. The company’s shares…
Read more
Key takeaways: Bitcoin’s sideways trading results from Binance taker volume turning negative, and the US and Korean BTC premium index showing weak spot demand. BTC holding above $115,000 and strong buyer absorption near this level shows bulls are committed to pushing Bitcoin price to new highs. Bitcoin (BTC) has struggled to maintain momentum after hitting…
Read more