Crypto News
Thai Police Arrest Chinese Suspect in $6.1 Million Bitcoin Fraud Case
Two Chinese victims lost their Bitcoin after a business meeting in Mae Sai district, transferring funds in two separate transactions.Source link
Bitcoin Liquidations Surge to $1.16 Billion; Economist Claims BTC Is 15% Lower vs. Gold
Economist Peter Schiff has renewed his criticism of bitcoin, questioning its status as “digital gold” after the cryptocurrency marginally dropped following Israel’s military strike on Iranian nuclear facilities. Gold Surges After Israeli Strikes Economist and bitcoin critic Peter Schiff appeared to reignite a feud with bitcoin maximalists by questioning bitcoin ( BTC)’s “digital gold” credentialsSource link
Barbie, Hot Wheels Toy Maker to Use OpenAI Tech to Boost Productivity
Mattel will retain full control of its brands while using AI to develop new products, with the first launch expected later this year.Source link
Ripple, SEC Ask Court to Dissolve XRP Injunction, Release $125M in Escrow
The joint filing proposes a $50 million payment to the SEC and marks a key step toward settling the years-long legal battle over XRP sales.Source link
Court Slams My Big Coin With $25M Penalty Over False Cryptocurrency Claims
A staggering $25 million in penalties and restitution has been levied in a landmark federal court ruling, exposing a sham crypto project that duped investors with bogus claims of gold backing and market viability. CFTC Secures Judgment Against My Big Coin for Crypto Fraud Scheme The Commodity Futures Trading Commission (CFTC) announced on June 11Source link