Manhattan federal prosecutors have announced the sentencing of Mark Scott, a former partner at the U.S. law firm Locke Lord, to 10 years in prison for his role in a fraudulent cryptocurrency scheme worth $400 million. On Thursday, the sentencing took place, and Scott was found guilty of conspiracy to commit money laundering and conspiracy
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eTuktuk, a startup focused on eco-friendly transportation solutions, has made significant strides in its presale campaign. With a total of over $550,000 raised to date, eTuktuk’s native token, TUK, has garnered substantial interest from investors. What sets eTuktuk apart is its commitment to improving urban transportation sustainability by transitioning auto rickshaws in developing countries from
The US government recently announced its intention to sell a significant portion of its Bitcoin holdings, sparking concerns within the crypto community. This move has raised questions about the potential impact on the already bearish crypto market. The Department of Justice (DOJ) stated its plan to dispose of over $130 million worth of Bitcoin, which
In the world of cryptocurrencies, Bitcoin often sets the tone for the entire market. As the leading cryptocurrency, its price movements can have a significant impact on altcoins like Ethereum. Crypto analyst Michael van de Poppe suggests that Bitcoin’s recent signs of bottoming out could be an indicator of an impending altcoin rally, potentially benefiting
In recent years, the concept of web3 social media platforms has garnered significant attention in the digital world. Web3 social media refers to social networking platforms that are built on blockchain technology, specifically utilizing the power and security of distributed ledger technology. Unlike traditional social media platforms, web3 networks are decentralized, eliminating the need for
In the fast-paced world of cryptocurrencies, Cardano (ADA) stands out from its contenders with its unique approach to blockchain technology. Unlike many other projects, Cardano prides itself on its commitment to “academic rigor” and “research-driven development.” By employing a methodical and evidence-driven approach firmly anchored in scientific research and academic thought, Cardano sets itself apart
The world is facing an alarming increase in greenhouse gas emissions, causing a devastating climate crisis that continues to inflict death and destruction on a global scale. Recent data from the National Oceanic and Atmospheric Administration (NOAA) paints a grim picture, revealing that levels of carbon dioxide, methane, and nitrous oxide in the atmosphere have
Cryptocurrency analysts have been closely monitoring the price movements of Ethereum (ETH) and making projections about its future performance. In particular, Elja on X, a renowned analyst, predicts that Ethereum will reach an astounding $15,000 by 2025 based on rigorous technical analysis. While the current bearish sentiment in the crypto market may deter some investors,
Changpeng Zhao, the renowned founder of the cryptocurrency exchange Binance, recently faced a significant setback when his request to travel to the United Arab Emirates was denied by a federal judge. This latest development adds to the series of challenges he has encountered in recent months. The Request and Rejection In his bid to travel
Chinese investors have not let the government’s ban on Bitcoin deter them from pursuing investments in the cryptocurrency. Despite the ban’s implementation in 2021, Chinese capital continues to flow into Bitcoin, as reported by Reuters today. One such investor is Dylan Run, a finance executive in Shanghai, who turned to Bitcoin in early 2023. Concerned
