Justice Department officials did not go into great detail regarding the investment scam, but said that more than 400 suspected victims had lost millions of dollars.
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The fundraising comes as the company faces declining revenue and seeks to expand in the US to hedge against potential trade tensions.
Officials reported that scammers had used crypto to pay for fake digital asset investment ads on social media platforms, leading to more than $1 million in losses for victims.
The “ancient” Bitcoin cohort is growing faster than the amount of new coins mined, and with institutional flows accelerating, the path to $1 million BTC is starting to take shape.
Ethereum staking yields are falling as yield-bearing stablecoins and DeFi protocols offer more competitive returns. Can ETH regain the upper hand in the yield wars?
China has been looking to challenge the US dollar’s reserve status and wants to expand the digital yuan’s reach to include domestic and international payments.
The move will lower collateral requirements to access leverage for crypto trading due to the relatively stable value of US government debt.
Bitcoin sell pressure ramps up as traders anticipate today’s FOMC results. Could BTC price fall to $100,000?
The initial purchase of more than 187 BTC was part of a larger strategy to “substantially increase its Bitcoin holdings,” according to Prenetics.
Co-founder and new CEO Sandeep Nailwal opens up about dissolving Polygon’s board, closing zkEVM and why claiming sole leadership is the network’s best shot at relevance.
Blockchain has already played a role in protecting consumers against food fraud, but there are lessons to be learned before it starts to truly pay off.
Despite a relentless campaign from institutional powerbrokers like Senator Elizabeth Warren, the US Senate advanced the GENIUS Act, marking a watershed moment for stablecoin regulation and exposing the limits of establishment resistance.
Trump offers light relief for Bitcoin price action while calling Fed Chair Jerome Powell a "stupid person" with interest-rate cut hopes absent.
A fake post from the Paraguayan president’s X account claimed Bitcoin was now legal tender, triggering a sharp 4% price spike.
USDC, a US dollar-pegged stablecoin by Circle and Coinbase, is set to become a collateral for US futures trading as part of a joint effort by Coinbase Derivatives and Nodal Clear.
The US Senate voted to pass the GENIUS Act, a bill regulating stablecoins, but observers believe lawmakers may have ignored stability concerns in Treasury markets.
As Pi Network prepares for its June 28 mainnet migration, several users are facing KYC failures and wallet errors, raising concerns about the platform’s readiness for open blockchain adoption.
Norwegian crypto broker K33 is raising at least 85 million Swedish krona ($8.9 million) through a share issue for its plan to purchase up to 1,000 Bitcoin for its treasury.
Telegram mini-games reached a zenith in 2024, but the TON blockchain still averages over 2.1 million active wallets.