Crypto Conman Pleads Guilty in $13M Crypto Ponzi Scheme
Vincent Anthony Mazzotta Jr., the man at the heart of a $13 million cryptocurrency Ponzi scheme , has pleaded guilty to multiple federal charges, including money laundering and obstruction of justice. The 54-year-old played a role in a complex fraud that ran from 2017 to 2023, convincing investors to hand over large sums of money […]
RAKBANK Introduces First Bank-Backed Crypto Service in UAE
RAKBANK has become the first conventional bank in the United Arab Emirates to allow retail customers to trade cryptocurrencies directly through its banking app. This groundbreaking move enables users to buy, sell, and hold digital assets such as Bitcoin, Ethereum, Solana, and XRP, all fully settled in UAE dirhams (AED). Through a strategic partnership with […]
Bubblemaps Warns of Potential Rug Pull in Rugproof Project
A new Solana-based token launchpad named Rugproof is under scrutiny after blockchain analytics platform Bubblemaps raised concerns about its token distribution practices, suggesting potential signs of a coordinated rug pull. Despite branding itself as a safe and secure launchpad offering anti-dump protections and zero-risk early investment, Rugproof’s on-chain activity appears to tell a different story. […]
Cboe Seeks Approval for Canary Capital’s Staked Injective ETF
The Chicago Board Options Exchange (Cboe) has filed an application to list a new exchange-traded fund (ETF) from Canary Capital, centered around the staking of Injective Protocol’s native token, INJ. This move signals growing momentum in the evolution of crypto-based ETFs, especially those integrating yield-generating features like staking. If approved, the staked Injective ETF would […]
Bakkt Restructures to Become Pure Crypto Powerhouse
Bakkt Holdings has announced the sale of its loyalty services division in a strategic shift aimed at focusing exclusively on digital assets and blockchain infrastructure. The move marks a significant milestone for the company as it repositions itself as a pure-play crypto firm, shedding non-core operations to streamline its business model and concentrate on areas […]