Crypto News

Richard Kim, the founder of crypto casino Zero Edge, was arrested on Tuesday following allegations that he had gambled away investors' funds.According to an FBI complaint filed on Tuesday in the Southern District of New York, Kim "fraudulently induced investors to invest in Zero Edge, a cryptocurrency technology company he founded, and then misappropriated millions of dollars in those investors’ funds."The FBI said Kim lost "nearly all" of the $7 million he raised from investors and charged him with securities fraud and wire fraud. According to court records, Kim posted a secured bond of $250,000 and put up $100,000 in "cash or real property" to secure it.CoinDesk was first to report on the Zero Edge incident in July of last...

Immutable zkEVM role-playing game Treeverse is rolling out play-to-airdrop rewards around the upcoming END token, beginning on April 19.Source link

In today’s crypto for advisors, Todd Bendell from Amphibian Capital breaks down bitcoin yield products as a strategy to grow bitcoin holdings beyond price appreciation.Then, Rich Rines, an initial Core DAO developer, provides guidance to Bitcoin developers in Ask an Expert.Exclusive event alert for financial advisors: Join CoinDesk for Wealth Management Day on May 15th at Consensus Toronto. Registered wealth advisors are provided with their own day of networking and learning where they will acquire timely and actionable information about digital assets. Approved advisors receive a complimentary 3-day Platinum Pass ($1,750 value) to Consensus. Apply today.– Sarah MortonYou’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday.The Next...

President Faustin-Archange Touadéra of the Central African Republic hints at a Solana meme coin-related law, prompting the CAR token to spike.Source link

VanEck is bringing an actively-managed exchange-traded fund (ETF) tracking digital asset stocks to the market after receiving approval from the U.S. Securities and Exchange Commission (SEC).The VanEck Onchain Economy ETF (NODE) will aim to hold 30-60 stocks, VanEck’s head of digital asset research Matthew Sigel, said in a post on X.The management fee will be 0.69%.Stocks included will range among crypto exchanges, miners, data center, energy infrastructure, semiconductors, hardware, TradFi rails, consumer/gaming, asset managers and “balance sheet HOLDers.” Up to 25% of NODE’s exposure will be in crypto exchange-traded-products (ETPs).“The global economy is shifting to a digital foundation," Sigel said. "NODE offers active equity exposure to the real businesses building that future."The fund is expected to start trading on May...