News Explorer — Former Cred Executives Admit to $150 Million Fraud

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May 14, 9:15 am

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Former Cred Executives Admit to $150 Million Fraud

Former Cred Inc. executives pleaded guilty to wire fraud conspiracy, admitting to misleading customers about the company's financial health. Cred filed for bankruptcy in 2020, with customers claiming over $140 million in losses.

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Jun 24, 6:40 pm

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Strategy Must 'Stop Buying Bitcoin' and Stash Cash to Stop STRC Bleeding: Analyst

Strategy's preferred stock costs have surged, leading to a record low for Stretch (STRC) and Bitcoin's 4% drop. Analysts... Read Summary

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Jun 24, 5:37 pm

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Binance Withdraws MiCA License Application in Greece, Will See Approval in Another EU State

Binance has withdrawn its MiCA license application in Greece after facing potential rejection by the HCMC. The firm plans to seek authorization in another EU Member State to comply with regulations. Read Summary

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Jun 24, 5:18 pm

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New Yorker Gets 15 Months in Prison for Scamming Investors by Impersonating Crypto Influencers

Noman Saleem, a New York man, was sentenced to 15 months in prison for impersonating crypto influencers in a wire-fraud... Read Summary

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Jun 24, 4:59 pm

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Bitcoin 4-Year Cycle Continues Despite Hope for New Era, 21Shares Admits

21Shares initially forecasted Bitcoin breaking its four-year cycle in 2026, but later acknowledged the cycle remains int... Read Summary

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Jun 24, 4:11 pm

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South Korean Officials Seek Crypto Regulatory Alignment With US SEC

A delegation of South Korean officials and digital asset stakeholders met with the SEC to discuss regulatory alignment a... Read Summary

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Jun 24, 3:45 pm

Coindesk

Cardano Continues Price Dive as ADA Wallet SecondFi Discloses Exploit

SecondFi, formerly Yoroi, fixed a vulnerability that led to the theft of 16 million ADA from 374 users in three attacks.... Read Summary

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Jun 24, 2:31 pm

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Bitcoin Giant Strategy Shares Dive Under $100 for First Time Since March 2024

Strategy's common shares, represented by MSTR, hit a more than two-year low price under $100 on Wednesday. The recent do... Read Summary

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Jun 24, 1:00 pm

Coindesk

Binance Founder Changpeng Zhao Says He's Been Misunderstood, Hopes to Boost US Crypto Industry

Binance founder and former CEO Changpeng "CZ" Zhao, despite being the dominant shareholder, prefers a hands-off approach... Read Summary

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Jun 24, 11:49 am

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DOJ Seizes Huione 'Backend Infrastructure' Linked to Crypto Laundering

The Justice Department seized a cloud computing account linked to the Huione Group, accused of laundering billions from... Read Summary

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Jun 24, 11:50 am

Coindesk

Cboe Re-Enters Prediction Market Space With Binary Options on S&P 500

Cboe is re-entering the prediction-market arena by reintroducing binary options on the S&P 500 index, competing with pla... Read Summary

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Jun 24, 10:28 am

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Nigel Farage Under Scrutiny for Undisclosed $6.7 Million Gift From Crypto Billionaire

Nigel Farage received a £5 million ($6.7 million) gift from a billionaire Tether investor, sparking an investigation by... Read Summary

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Jun 23, 1:15 pm

blog.ethereum.org

Ethereum Foundation Cuts 20% of Workforce in Reorganization

The Ethereum Foundation has undergone a reorganization resulting in a leaner structure with five clusters focusing on di... Read Summary

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Jun 22, 10:53 am

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Polymarket Creators Paid to Film Fake Bets, Wins: WSJ

A Wall Street Journal investigation revealed that Polymarket creators were paid to film fake bets and wins on duplicate... Read Summary

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Jun 22, 1:45 pm

x.com

Strategy Adds Another $35M in Bitcoin to Treasury, $300M to USD Reserve

Bitcoin treasury firm has added a further 520 BTC to its holdings, bought for $35 million. The company's Chair Michael S... Read Summary

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Jun 19, 8:02 pm

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Charles Schwab Plans to Introduce Prediction Markets With Cboe for Wagering on the S&P 500's Performance: WSJ

Charles Schwab is preparing to enter the prediction markets industry by offering contracts via Cboe Global Markets for p... Read Summary

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