A significant participant in a cryptocurrency Ponzi scheme that misled victims out of $13 million with assertions of utilizing AI-driven crypto trading bots and a fictitious government body has confessed.The US Department of Justice revealed on Monday that Vincent Anthony Mazzotta Jr acknowledged his involvement in deceiving investors by guaranteeing high returns through phony investment companies employing AI-based crypto trading bots.Mazzotta has confessed to money laundering and conspiracy to thwart justice, which together could result in a maximum sentence of 15 years in prison. A judge is yet to finalize the punishment.The Justice Department initially indicted Mazzotta in late 2023…
Autore: wsjcrypto
“`html Introducing Samuel Edyme, Alias – HIM-buktu. A web3 content creator, journalist, and aspiring trader, Edyme exemplifies versatility. With a talent for language and an eye for trends, he has authored articles for various industry entities, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s entry into the crypto world is nothing short of epic. His adventure commenced not with a successful investment, but with a fraud. Indeed, a Ponzi scheme that utilized crypto for payments ensnared him. Instead of stepping back, he surfaced wiser and more resolute, redirecting his insights into over three years of valuable market analysis. Prior…
By Luisa Maria Jacinta C. Jocson, Senior Journalist THE Bangko Sentral ng Pilipinas (BSP) may persist in diminishing interest rates during its assembly in August, according to its lead official. BSP Governor Eli M. Remolona, Jr. informed journalists on Tuesday that a reduction in rates remains “on the agenda” for the Monetary Board’s forthcoming policy assessment on Aug. 28. If this occurs, it would represent the third consecutive rate cut enacted by the Philippine central bank. The BSP has thus far decreased borrowing expenses by a cumulative 125 basis points since initiating its easing cycle in August of the previous…
Nasdaq-listed 180 Life Sciences Corp intends to funnel substantial funds into Ether and rebrand as ETHZilla Corporation, marking a strategic shift away from its biotechnology roots in light of growing losses.On Tuesday, the firm revealed a $425 million private placement designed to create an Ether (ETH) treasury reserve. The capital is being acquired through a private investment in public equity (PIPE) arrangement involving the issuance of common shares, a framework frequently employed by crypto-centric investors.Additionally, the organization announced it has received authorization to issue as much as $150 million in debt securities.Once the Ether treasury is set up, the venture…
“`html Ethereum’s weekly All Core Developer discussions are quite challenging to follow, thus this “Checkpoint” series provides overarching updates approximately every 4-5 weeks, depending on current developments in the core ecosystem. Check the earlier update here. tl;dr Core developers are concentrated on finalizing Fusaka and determining the key feature(s) for the upcoming upgrade, Glamsterdam. Ongoing discussions and feedback from stakeholders are being requested. Gas limit enhancements and history expiry have both been accomplished! Fusaka Fusaka will facilitate lower-cost L2 transactions and enhanced data availability. Developers were already accelerating the enhancement to deploy PeerDAS and it’s now the final countdown. They’re…
Viewpoint by: Aaron Basi, product lead at IoTeXWith the recent approval of the GENIUS Act, the United States has made a significant advance towards national crypto regulation. This legislation centers on stablecoins, establishing rules for reserves, audits, and authorized issuers. This marks a key moment for the sector. If legislators aim to foster the next wave of advancements, they must not stop at this point. One of the most rapidly expanding areas, decentralized physical infrastructure networks, or DePINs, still lacks a legislative framework .DePIN transcends speculation or NFTs. It focuses on constructing real-world infrastructure via community-owned hardware. Individuals contribute antennas, sensors, or…
Today, on the 11th day of the Tornado Cash trial, Dr. Edman, a co-founder and partner at Naxo, a firm specializing in digital forensics and investigations, testified for the bulk of the day. In his direct examination, he elucidated essential crypto terminology for the court, illustrated the degree to which Tornado Cash was decentralized, underscored the measures Roman Storm and the other Tornado Cash co-founders took to deter malicious entities from utilizing the service, and questioned the credibility of the analysis given by two preceding witnesses. During cross-examination, the prosecution pressed Dr. Edman to elaborate on and clarify various assertions…
By Justine Irish D. Tabile, Reporter NEW AUTOMOBILE SALES marginally increased by an annual 3.6% in June, aided by a double-digit rise in commercial vehicle transactions that mitigated a 35% downturn in passenger car sales, as indicated by an industry report. A collaborative report from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) revealed that new automobile sales climbed to 40,483 units in June from 39,088 units during the same month last year. Comparatively, auto sales rose by 1.8% from 39,775 units sold in May. In June, sales of passenger cars fell…
“`html Trusted Editorial material, evaluated by prominent industry specialists and experienced editors. Ad Disclosure Anatoly Yakovenko, the co-founder of Solana, has ignited significant controversy within the cryptocurrency realm after labeling NFTs and meme coins as “digital refuse with no inherent value.” In a message on X, Yakovenko likened the booming NFT and memecoin markets to loot boxes in mobile games, suggesting that consumer expenditure does not correspond to genuine worth. This statement was particularly contentious since Solana has emerged as one of the foremost platforms for NFT transactions and meme coin launches. The blockchain handled over $431 billion in transactions…
“`html The US Securities and Exchange Commission (SEC) on Monday postponed its verdict regarding the proposed Truth Social Bitcoin exchange-traded fund (ETF), pushing the review date to Sept. 18 from Aug. 4.The fund, supported by the Trump Media and Technology group, is pursuing approval to list the Truth Social Bitcoin ETF on the NYSE Arca exchange under the SEC’s commodity-based trust share framework.Source: SEC.govThe regulatory body, which can take as long as 270 days to either approve or deny ETF applications, stated that it extended the review timeframe to allow additional time for assessing the proposal and any concerns raised.The…