An elderly New York resident has lost more than $250,000 after a trusted neighbor and an accomplice drained nearly all of the victim’s savings. The victim, who was over 90 years old, saw holdings fall from nearly $284,000 to just $99.59, according to the Justice Department. Prosecutors say Nahtahna Castner gained the neighbor’s trust and …
Continue reading “New York Woman and Co-Conspirator Drain $252,672 From Elderly Neighbor: DOJ”
The U.S. Justice Department has sued the City of San Jose and its police department for imposing what officials call an unconstitutional fee on residents seeking to carry firearms. The fee reaches nearly $1,600 per license and stands as the highest in the nation, far above charges in cities such as New York, Washington D.C., …
Claims of nearly 7.5 million customer records stolen from a utility company have already triggered multiple lawsuits. In a filing with the U.S. Securities and Exchange Commission, CenterPoint Energy says an unauthorized third party obtained personal information relating to a portion of its customers through one of its external-facing systems. The Houston-based firm activated its …
Bitcoin corporate treasuries remained at an unrealized loss on their holdings as the price fell below $80,000 and fresh capital inflows dwindled. Bitcoin (BTC) is no longer a target for corporate treasuries as current buyers sit on unrealized losses, new research shows. Key points: Onchain analytics platform Glassnode reveals that in 2026, listed companies bought …
Continue reading “Bitcoin treasuries buy just 5.9K BTC in three months as paper losses linger”
A former U.S. Army soldier from Oregon has admitted conspiring with active-duty troops to collect and pass sensitive military information to China. Ruoyu Duan, 41, of Hillsboro pleaded guilty to conspiracy to gather and transmit national defense information, says the U.S. Attorney’s Office for the District of Oregon. Court records show the scheme ran from November of …
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Federal prosecutors have secured a nine-year prison sentence against a California man who ran a Ponzi scheme for more than 25 years. Edwin Emmett Lickiss Jr., 78, of Danville pleaded guilty to wire fraud and money laundering after taking more than $9.5 million from at least 93 victims from 1998 through September of 2024, says the U.S. …
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Federal prosecutors have obtained a guilty plea from a Missouri man who helped operate a Jamaican lottery scam that defrauded victims of roughly $96,000. Christopher Gibbon, 55, admitted in U.S. District Court in St. Louis to one count of conspiracy to commit mail and wire fraud after he received cash packages and wire transfers while …
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Avalanche’s Helicon upgrade is scheduled to give validators shorter, auto-renewing commitments while raising the uptime cutoff for rewards and reducing returns at the shortest durations. The network upgrade is set to activate on Avalanche Mainnet on Sept. 22 at 15:00 UTC. Validators must install AvalancheGo v1.15.0 beforehand to remain compatible with the upgraded chain. Infographic …
Continue reading “Avalanche’s Helicon upgrade cuts validator lockups from 14 days to 48 hours”
Ethereum validators rely on independently built consensus clients to agree on the chain, and that diversity is a safety feature. If a defect affects a client used by too much of the network, Ethereum can stop finalizing blocks or, under more extreme conditions, finalize the wrong chain. Yet a Sept. 16 snapshot of one client-diversity …
Continue reading “Ethereum’s client diversity picture fractures under incompatible estimates”
Circle has scheduled the public launch of Arc for Sept. 16, giving USDC a network where the same dollar balance can fund both payments and transaction fees. That could remove a common obstacle to using stablecoins, giving Circle a possible way to attract additional USDC demand as it competes with Tether. The public-mainnet rollout follows …
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The European Central Bank has opened applications for online merchants to join a controlled pilot of the digital euro, its proposed retail central bank digital currency. The move brings the 2027 test closer to online checkout, but it does not put an issued digital euro into public circulation. The Sept. 15 merchant call gives EU-established e-commerce …
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The FCA has published final guidance defining which crypto businesses will need authorization under the U.K.’s incoming regulatory regime. The clarity removes a major uncertainty for firms, but a separate problem remains: U.K. banks can still restrict customers from sending money to crypto platforms. FCA Sets Oct. 2027 Start for New UK Crypto Authorization Regime …
Continue reading “FCA Clears Crypto Rulebook, but UK Banks Can Still Block Transfers”
Poland’s state energy company Orlen lost hundreds of millions of dollars after a covert plan to buy discounted Venezuelan crude using tether collapsed. Disappearing Millions and USB Drives A clandestine attempt by Poland’s state-controlled energy giant to purchase discounted Venezuelan crude using cryptocurrency has collapsed into one of the largest corporate and political scandals in …
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A group of Democratic senators says the failed Senate vote on the CLARITY Act will not end efforts to establish a federal framework for cryptocurrency markets. The lawmakers pledged to continue bipartisan negotiations aimed at passing the legislation. Democratic Senators Renew CLARITY Act Push The push for comprehensive U.S. cryptocurrency legislation remains active despite this …
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Ripple Chief Legal Officer Stuart Alderoty says XRP’s U.S. regulatory status remains clear following years of litigation and federal agency guidance. He pointed to the 2023 federal court ruling and a March SEC-CFTC interpretation naming XRP a digital commodity. Alderoty Says Ripple and XRP Stand on Settled Ground XRP’s legal and regulatory position remains intact, …
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