The Securities and Exchange Commission and US prosecutors alleged Ramil Palafox swindled $200 million from investors and funneled it through a fraudulent crypto trading company.
Jody McDonald
Jody McDonald is an Australian freelance writer focused on business, technology and finance. She’s been writing about blockchain projects, crypto markets and digital asset regulation since 2021. Past experience includes over a decade as a communications professional and content projects for ASX-listed SaaS companies, multinational firms, and industry bodies.
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SEC and feds charge man over $200M crypto trading scheme - News
Mantra says CEO has begun the process of burning his 150M OM tokens The blockchain’s founder will burn 150 million OM tokens, reducing the total supply to 1.67 billion, with another 150 million from “key ecosystem partners” to also be burned.
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Blocksquare, Vera Capital ink deal to tokenize $1B in US real estate Tokenized shares in an ambitious property development pipeline will become available to investors once the new marketplace goes live.
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UK lawmaker’s X account hacked to boost scam ‘House of Commons Coin’ The scam token, called House of Commons Coin, wasn’t a huge success, with its market value peaking at just over $24,000.
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Xapo Bank sees Bitcoin trading surge as wealthy investors bought the dip First-quarter growth in Bitcoin trading volume reflects members’ long-term confidence in BTC despite its underperformance, said Xapo Bank.
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Trump’s World Liberty Financial buys $775K in SEI in altcoin buying spree The Trump family-linked crypto project has now spent around $347 million buying altcoins — and has a paper loss on all of them, according to onchain analysis.
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Bitcoin reserve bills advance in New Hampshire, Florida New Hampshire is now the fourth US state to see a Bitcoin reserve bill pass through one legislative chamber, while a Florida House committee has advanced a similar bill.
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Melania Trump’s memecoin team ‘quietly sold’ $30M, says Bubblemaps Neither the MELANIA team nor Hayden Davis has explained the token transfers or sales, which follow from sales Bubblemaps identified in March.
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Memecoin platform Pump.fun brings livestream feature back to 5% of users The platform has upgraded its moderation systems but says it assumes much of its content will remain “not safe for work.”
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Kentucky joins Vermont and South Carolina in dropping Coinbase staking suit Kentucky’s Department of Financial Institutions is the third state-level regulator in the past month to drop its action over Coinbase’s staking rewards.
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Coinbase CEO calls for change in stablecoin laws to enable ‘onchain interest’ Brian Armstrong says letting stablecoin issuers make interest payments directly to holders would let consumers and the broader US economy “reap the full benefits.”
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DeFi protocol SIR.trading loses entire $355K TVL in ‘worst news’ possible Blockchain security researchers say the hack could be one of the first real-world attacks targeting the transient storage introduced during Ethereum’s Dencun hard fork.
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Bitso to launch Mexican peso-pegged stablecoin on Arbitrum A stablecoin fully backed by Mexican pesos will be issued and managed by Juno, a newly established subsidiary of the crypto exchange Bitso.
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Arizona’s strategic crypto reserve bills heads for full floor vote Arizona will soon vote on two proposed bills to establish digital asset reserves seized through criminal proceedings and a specific Bitcoin reserve based on public funds from the state’s treasury and retirement system.
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EOS Network rebrands to Vaulta in shift to Web3 banking EOS Network, the blockchain with the largest-ever initial coin offering, has rebranded to Vaulta as it pivots into offering Web3 banking services.
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Arbitrum devs launch incubator-style program ‘Onchain Labs’ Onchain Labs will assist in the expansion of the Arbitrum application layer and counter the trend of zero-sum crypto launches.