Meta-1 Coin was sold and marketed from 2018 to 2023 as an investment backed by $44 billion in gold and $1 billion in artworks, which turned out to be fictional.
Stephen Katte
Stephen Katte is a staff writer at Cointelegraph and a member of the Asia-Pacific news desk. He joined the publication in 2022 and reports on cryptocurrency and related industry developments. Prior to joining Cointelegraph, he covered international and local news, including work with Australian regional publications affiliated with Fairfax Media and Nine. He holds a bachelor’s degree in writing from the University of Canberra.
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Texas man in $20M Meta-1 Coin fraud sentenced to 23 years in prison - News
Russia-linked crypto exchange Grinex halts trading after $14M hack Grinex has been accused by US authorities of assisting Russia and other entities in evading sanctions and laundering funds for Russia-linked hackers.
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US should scrap crypto capital gains tax to fuel currency competition: Cato Crypto users in the US are required to pay capital gains taxes on cryptocurrencies, stifling their usefulness as a currency, argued a Washington DC-based think tank.
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X rolls out smart cashtags in US, Canada in step toward ‘everything app’ Tat Thang, a partner at the prediction platform Polymarket, suggests X is building a Web3 equivalent of the Chinese WeChat Pay citing its recent moves to scrub crypto bots.
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Iran conflict hints Bitcoin’s addressable market could exceed gold: Bitwise Bitwise's Matt Hougan previously estimated that if Bitcoin captures 17% of the store-of-value market over the next decade, it could be worth $1 million a coin.
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US Justice Department opens compensation for victims of $4B OneCoin crypto fraud OneCoin was launched by Ruja Ignatova and Karl Sebastian Greenwood in Bulgaria. Ignatova has been missing since 2017, and Greenwood was sentenced to 20 years in prison.
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South Korea fines Coinone $3.5M, orders partial business suspension: Reports Coinone is the second to face South Korea’s crackdown on exchanges in the last month, following a $24 million fine and a six-month partial suspension order against Bithumb.
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TRUMP whales load up as Mar-a-Lago luncheon approaches Large holders are accumulating TRUMP ahead of a Mar-a-Lago event for top token holders, even as the memecoin trades down over 30% since March.
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Aave DAO approves $25M funding grant, token allocation for Aave Labs The vote passed with nearly 75% in favor. Other elements of the framework, including the growth and development grants, will have separate governance proposals.
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CZ hopes in 5 years people stop talking about crypto and just use it Some industry insiders speculate the crypto sector may be just one market cycle away from full-scale mainstream adoption.
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Bitmine uplists to NYSE as share buyback is increased to $4B A listing on the NYSE requires a company to meet strict requirements covering financial health, share distribution and corporate governance.
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Yuga Labs settles lawsuit against artists accused of copying its NFTs Yuga Labs first filed a lawsuit in June 2022, accusing Ripps and Cahen of copying its Bored Ape Yacht Club cartoon ape images and selling lookalike NFTs.
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Chainalysis claims stablecoin volumes could reach $1.5 quadrillion by 2035 Two macro catalysts — wealth transfer and payment disruption — could push stablecoin usage far beyond baseline growth forecasts, analysts say.
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Coinbase plans expansion to stock trading in Australia after securing license The approval puts Coinbase under Australia’s financial rules as the country formalizes oversight of crypto platforms.
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SEC admits certain crypto enforcement cases delivered no investor benefit Under SEC Chair Paul Atkins, the number of SEC enforcement actions against public companies has decreased by about 30%.
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Iran’s Bitcoin hashrate falls 77% over the past quarter amid conflict The 30-day simple moving average of the global network hashrate has also declined, though an analyst says the slump is due to Bitcoin prices hurting mining profitability rather than conflict.
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New evidence in Libra probe renews questions about Milei involvement New documents seen by The New York Times suggest the Argentine president had seven phone calls with the entrepreneur behind the Libra token.
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Anthropic says one of its Claude models was pressured to lie, cheat and blackmail In an experiment, a chatbot resorted to blackmail after it found an email about replacing it, while in another, it cheated to complete a task with a tight deadline.
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Apple pulls Jack Dorsey's Bitchat from China at Beijing’s request Bitchat launched in July last year and has been used during protests in Madagascar, Uganda, Nepal, Indonesia and Iran as authorities attempted to restrict usage of the internet.
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Crypto hackers steal $169M from 34 DeFi protocols in Q1: DefiLlama January saw the largest attack against a DeFi protocol of the quarter, the $40 million private key compromise of portfolio management platform Step Finance.
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Bitcoin miner Riot sold 3,778 BTC during Q1 amid broader market pressure Arkham also flagged a 500 Bitcoin outflow from Riot on Thursday, while MARA Holdings, Genius Group and Nakamoto Holdings sold a combined 15,501 Bitcoin in the last week.
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Former FTX head of engineering fined $3.7M to resolve CFTC lawsuit Singh faced legal action from the SEC, CFTC and US Department of Justice after FTX collapsed in November 2022 but avoided significant prison time by cooperating with authorities.
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Taiwan should reconsider Bitcoin reserve in case of war, says think tank Taiwanese lawmaker Ko Ju-Chun said last year that the country’s Ministry of Justice holds 210 Bitcoins, worth $14 million, confiscated during criminal investigations.
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Dorsey shares AI-integrated workplace vision weeks after Block’s 40% staff cut Block cut 4,000 of its staff in February as part of its AI-driven pivot. A new post by Block's Jack Dorsey has shed light on how the company and others might operate in the future.
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Donald Trump says US will leave Iran within 2 to 3 weeks The conflict in Iran has been escalating following US and Israeli strikes against Iran in February, which sent oil prices higher and crypto and broader markets tumbling.
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Democrats press CFTC, ethics watchdog on prediction market insider trading Prediction markets are facing increasing scrutiny over allegations of insider trading, prompting Kalshi and Polymarket to plan guardrails to curb potential incidents.
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Bitmine scoops $147M of ETH in its biggest week of buying this year Bitmine bought over 71,000 Ether over the past week, adding to the 238,244 Ether it acquired over the previous four weeks.
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Alleged $54M Uranium Finance hacker faces 30 years in prison Prosecutors allege the stolen funds were used to purchase collectibles, including Pokémon cards, antique Roman coins and a piece of fabric from the Wright brothers' plane.
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White House app sparks concern over location tracking and privacy issues The Google Play Store page states that the app collects personal data, such as a phone number, while the App Store directs users to the White House’s privacy policy.
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Prediction market transactions surge on geopolitical bets, media coverage Monthly notional trading volume for prediction markets has reached roughly $23.7 billion so far in March, up sharply from $1.9 billion at the same time last year.