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A California court has fined five individuals involved in IcomTech’s fraudulent Bitcoin Ponzi scheme $5 million. The court ruling, announced on December 11, 2024, found the defendants guilty of fraud and misappropriation of funds through a fake cryptocurrency trading operation. Ruling Targets Five Defendants The ruling targets David Carmona, Juan Arellano Parra, Moses Valdez, and…

Layer-1 blockchain peaq has launched the first version of its DePIN Enterprise Adoption Program together with several major partners. According to the press release shared with Cryptonews, the novel program aims to enable enterprises to adopt a decentralized physical infrastructure network (DePIN). Everything about peaq is designed to make it the best possible home for…

Austrian crypto trading platform Bitpanda has unveiled its latest trading tool dubbed “Fusion” designed for high-volume traders. Bitpanda said Fusion aggregates price data from major cryptocurrency exchanges, market makers, and liquidity providers, allowing users to buy and sell prices without the hassle of manually comparing multiple platforms. Liquidity and Efficiency According to the firm, one…

India’s Chief Economic Advisor (CEA), Anantha Nageswaran, has urged regulators not to hinder innovations in the crypto and gaming sector. Speaking at the 2024 Global Economic Policy Forum on Wednesday, Nageswaran stressed the importance of regulatory transparency. He also advocated to strike a balance between fostering innovation and addressing social costs. “In a country with…

Bitcoin is trading at $100,898, reflecting a slight 0.27% decline on Thursday but maintaining its position above the critical $100,000 level. The cryptocurrency recently surged to $101,413.74 following the release of U.S. November inflation data. The CoinDesk 20 index revealed a 6% growth across the cryptocurrency market, with Bitcoin and Ethereum recording gains of 5%….

Ethereum (ETH) could be on the brink of a rally, with the $5,000 mark within reach, driven by strong supply-demand dynamics and growing network activity, according to analysis from CryptoQuant. There are several factors contributing to this bullish outlook. Record-High Demand via Spot ETFs The report highlights investor demand for Ethereum has risen, evidenced by…

A Senate committee vote on the re-nomination of Democratic Commissioner Caroline Crenshaw to the Securities and Exchange Commission (SEC) has been postponed. Originally scheduled for December 11 as part of a U.S. Senate Banking Committee hearing, the vote was delayed just minutes before it was due to begin, according to a report from Bloomberg. Senate…

Crypto exchange Kraken’s Australian arm is facing an AU$8 million (US$5.1 million) fine from the country’s corporate watchdog. The Australian Securities and Investments Commission (ASIC) has imposed a hefty fine on Kraken for “unlawfully” offering a credit facility to over 1000 Australians. Kraken, which operated under Bit Trade in Australia, had issued a ‘margin extension’…

The South Korean High Court has upheld the jail term of the son of the CEO of software giant Hancom after the latter was found guilty of creating a $6.7 million altcoin “slush fund.” Suwon District Court sentenced Kim Sang-cheol’s second son (first name withheld for legal reasons) to jail for three years in August…

The U.S. Supreme Court has cleared the way for a class-action lawsuit accusing Nvidia of misleading investors about its reliance on crypto mining. The decision came just weeks after the court heard Nvidia’s appeal and days after China announced an antitrust investigation into the chipmaker. Source: supremecourt.gov Crypto Crash Fallout: Nvidia Faces Investor Lawsuit Over…