Crypto News
Long Island Man Sentenced to 18 Years for $12M Father-and-Son Crypto Fraud
Eugene William Austin Jr. told victims that he acted as a broker for large crypto transactions and high-yield investments.Source link
Russia’s Finance Ministry to Offer Crypto Trading to ‘Highly-Qualified’ Investors: Report
Russia's finance ministry and central bank are set to unveil a crypto exchange for "highly-qualified" investors, news agency Interfax reported on Wednesday.The exchange will "legalize crypto assets and bring crypto operations out of the shadows," Finance Minister Anton Siluanov said during a ministry board meeting, according to the report. "Naturally, this will not happen domestically, but as part of the operations permitted under the experimental legal regime," Siluanov said.The Central Bank of Russia proposed allow crypto trading within a pilot known as the experimental legal regime (ELR) in March. This would apply to highly qualified investors, a new investor category for individuals whose investments exceed 100 million rubles ($1.2 million) or an annual income exceeding 50 million rubles ($600,000).The absence...
The Bull Case: JPMorgan Expects Gold to Reach $4,000 an Ounce by 2026
JPMorgan analysts said that gold could extend its bull market through 2026, with the price of a troy ounce of the metal reaching $4,000, supported by the current trade war climate and ongoing demand from investors and central banks. JPMorgan Believes Gold May Touch $4,000 an Ounce in 2026 Gold keeps making headlines in oneSource link
KiloEx to Compensate Users Impacted by $7M Attack
KiloEX, the decentralized exchange (DEX) hit by a $7 million attack earlier this month, has revealed its resolution plans for affected users.Users whose positions remained open during the platform suspension will be compensated for the difference on increased losses or decreased profits, KiloEX said on Thursday.Compensation will only be calculated up to the point the platform resumes, so users are advised to close their positions as soon as possible thereafter.The KiloEx attacker, using a wallet funded by crypto laundering service Tornado Cash, appeared to exploit a vulnerability in the platform's price oracle system.Source link
Coinbase Provides $100 Million Credit Facility to Bitcoin Mining Company Riot Platforms
Riot Platforms, Inc. (NASDAQ: RIOT) has announced a $100 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN). This multiple drawdown term loan facility will be available to Riot over a two-month period following the execution date. The company plans to utilize the proceeds for key strategic initiatives andSource link