Author: CryptooTimes
David Kagel has pled guilty to conspiring to operate a crypto Ponzi scheme that defrauded victims of more than $9.5 million. Disbarred 85-year old former attorney Kagel confessed to participating in a fraudulent crypto Ponzi scheme in which he and his partners misled investors with promises of high profits and the use of AI trading bots. According to a press release from the Office of Public Affairs, Kagel and his partners falsely claimed that Kagel, acting as the promoter’s attorney, held $11 million in Bitcoin (BTC) in escrow to secure investments. “David Kagel abused his position as an attorney to…
BlackRock updated its Form S-1 for its spot Ether ETF, which analysts say is a “good sign” that issuers and the SEC are working on ETF launches. Source link
McHenry, who has been wrangling the crypto legislation in the House, argued that the outcome is assured by the massive level of bipartisan backing last week for his Financial Innovation and Technology for the 21st Century Act (FIT21) – with more than a third of House Democrats showing up to vote yes, despite pushback from the White House. He said the momentum will carry into the next congressional session in 2025, if it has to, and will lift the market-structure bill and the long-awaited legislation to regulate stablecoin issuers. Source link
Gemini Earn users will receive triple the value of assets locked in the lending product after debacles with FTX and Genesis. On Wednesday, crypto exchange Gemini announced plans to repay creditors $2.18 billion worth of cryptocurrency. The in-kind reimbursement represents a 232% recovery for Earn users previously left in bankruptcy limbo. Gemini’s lending partner, Genesis, a Digital Currency Group’s (DCG) subsidiary, was caught in FTX’s 2022 crash. The turbulence effectively blocked withdrawals for over $940 million domiciled in the Earn product used by more than 230,000 users. Genesis entered a protracted bankruptcy due to a public legal dispute, as Gemini’s…
YouTube has finally launched its much-trailed “Playables” offering, a selection of games you can play directly within YouTube. Why does this exist? Maybe a big launch exclusive? Perhaps something that will rival the consoles? Free stuff you can’t get elsewhere? Nope.Netflix’s One Piece Live-Action Trailer Has A Treasure Trove Of Anime Easter EggsYou might not have heard, but gaming is big business. The games industry dwarfs movies in terms of revenue and audiences, despite the peculiar refusal of all other media to acknowledge its ubiquitous existence. Any corporation that has a requirement to make numbers go up wants to figure…
After eight consecutive months of ascent, the stablecoin market capitalization has risen to a 24-month high of $161 billion in May. Source link
Image: Worldwalker GamesIn a time when layoffs are running rampant through the video game industry and it feels like every studio you like is posting a giant wall of text on social media to deliver bad news, Wildermyth developer Worldwalker Games has somewhat bucked the trend. The team behind the 2021 tactics RPG has announced the game is no longer in active development after releasing the last of its new content, and as a result, the entity that is Worldwalker Games is going into “hibernation.”Kotaku’s Hopes For Spyro The Dragon’s (Reported) ComebackOn May 29, studio co-owner Nate Austin posted a…
“What we’re trying to achieve is the freedom to innovate,” Lubin said on stage. “We have been doing our best to thread the needle between offering access to applications and needing to be a regulated financial institution. We’re pretty sure we got it right and continue to get it right,” which is why the SEC’s recent, call it interest, in Ethereum is so worrying. Source link
It Takes Two, the award-winning and pretty dang good co-op game, received an update today making it verified on Steam Deck and removing the need to use the EA App launcher. But that update also killed old cloud saves. EA’s solution for fans who might have lost progress: Download this other save file of the completed game instead. The Top 10 Most Played Games On Steam Deck: February 2024 EditionReleased in March 2021, It Takes Two was published by EA and developed by Hazelight aka the studio run by Josef Fares aka the “Fuck the Oscars” speech dude from The…
The Bobby Politifi Meme Token, trading on Uniswap under the ticker BOBBY, had a high-profile relaunch this morning at Consensus 2024. The event, taking place now in Austin, Texas, marked a new phase for a token that has matured from a simple meme coin into an influential movement supporting Robert F. Kennedy Jr.’s vision for the future of crypto. The relaunch event on May 29 showed the token’s transition and its broader mission. “$Bobby is more than just a token; it is a movement that resonates with the ideals of independence in the face of a captured, secretive, and centralized…
