Jury Convicts Remy St. Felix for Crypto Home Invasions Theft
A federal jury in Florida has found Remy St. Felix guilty of conducting numerous violent home invasions to steal crypto of his victims, targeting multiple states over several months. St. Felix faces nine offenses, including conspiracy, kidnapping, Hobbs Act theft, wire fraud, and brandishing a firearm to facilitate the commission of his crypto-targeted crimes. St. […]
FTX Creditors Cast Vote on Repayment Method
FTX received court approval to inquire if creditors would prefer to receive their recovered funds in cash, as per the liquidation plan, or in crypto at its current market value. On June 25, United States Bankruptcy Judge John Dorsey approved FTX’s voting plan. The company’s most recent liquidation plan, which was proposed in May, was […]
Ether ETF Process is ‘Going Smoothly’ – Gary Gensler
US SEC Chairman Gary Gensler has stated that the launching process of the first spot Ether exchange-traded funds (ETFs) in the United States is “going smoothly.” During a Bloomberg conference on June 25, Gensler declined to provide an answer regarding the ETFs’ launch date and refused to confirm whether they would be operational before the […]
Ethereum’s Supply Increases Continuously for 73 Days
The supply of Ethereum (ETH) has continuously increased since mid-April, and it appears the Dencun upgrade in March may have been the cause. Ethereum data dashboard ultrasound.money indicates that the supply of Ether has progressively increased, with an increase of over 112,000 ETH to the overall supply since April 14. Implementing the Dencun enhancement on […]
Ripple CEO Slams SEC Chair for “Go to Jail” Comment on Crypto Execs
The SEC Chair stated most crypto players have gone to prison. Ripple CEO called out his offensive comments that Gensler might cost Biden the election. SEC Chairman Gary Gensler recently made a controversial statement during his recent interview at the Bloomberg Investment Summit, claiming that the majority of crypto executives have been incarcerated. Crypto industry leaders were […]