Federal prosecutors have brought a Chinese national to Los Angeles to face charges after his extradition from the Netherlands in an international cryptocurrency investment scam that targeted Americans. Zheng Zhao, 44, was ordered detained during his initial court appearance on October 23rd, 2026, with arraignment set for November 30th, says the U.S. Attorney’s Office for …
Category archives: Trending Crypto news
Video Game Giant Hit by Breach Affecting 11,774,247 Records – Email Addresses and Login Data at Risk
A Japanese video game giant says an unauthorized third party has accessed more than 11.7 million records tied to its online account service. Capcom says the incident hit 11,774,247 Capcom ID records worldwide containing email addresses and account data such as creation dates, last login times, number of logins and the IP address used for …
Bitcoin ETFs break 2-week outflow streak with $301M comeback
US spot Bitcoin ETFs finished the week with $301 million in net inflows after a strong three-day start gave way to heavy withdrawals. US-listed spot Bitcoin exchange-traded funds (ETFs) attracted around $301 million in net inflows last week, snapping a two-week outflow streak despite heavy withdrawals late in the week. The funds lost about $228 …
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New York Resident Siphons $54,406,742 in Ponzi-Style Investor Fraud, Faces Decades Behind Bars
Federal prosecutors have obtained a guilty plea from a New York man accused of running a multi-decade scheme that stole more than $54 million from investors through nonexistent equipment loans. Richard Teplitsky, 72, of Williamsville, was the president of Woodhill Capital Corporation and admitted to mail fraud before U.S. District Judge John L. Sinatra, Jr., …
Netanyahu floats use of blockchain as solution to potential financial sanctions
Ahead of elections, Prime Minister Benjamin Netanyahu said Israel could turn to blockchain and crypto to skirt potential international sanctions, to the dismay of opponents and the country’s central banker. Blockchain has become an issue in this week’s Israeli elections after Prime Minister Benjamin Netanyahu said Friday that the country could turn to cryptocurrency to …
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Louisiana Woman Loses Over $10,000 and Nearly Her Home After AI Impersonator Poses as Jon Bon Jovi
A Louisiana woman has lost more than $10,000 after a scammer used artificial intelligence to pose as rock star Jon Bon Jovi in a months-long online romance scam. Leslie Pickett, a fan of the singer since she was 14, began talking with the impostor in late 2024 after commenting on an unverified Instagram account claiming …
Crypto Strategist Who Nailed 2025 Bitcoin Top Warns BTC Could Drop Below $70,000 – Here’s His Price Target
A widely followed crypto analyst known for accurately calling Bitcoin’s 2025 price peak is issuing a bearish call on BTC. Trader Rekt Capital tells his 563,200 followers on X that Bitcoin could fall into the $60,000 range as it struggles to clear resistance at $82,500. “~$82,500 keeps displaying weakness, especially since Bitcoin Weekly Closed below …
Bitcoin ETF Week Stays Positive After Nearly $774 Million In Late Outflows
TL;DR: Farside’s preliminary figures show US Bitcoin funds retaining a $301.2 million weekly inflow despite two days of withdrawals. Ether funds were down $220.7 million for the week; Friday’s tables still contained missing entries. US spot Bitcoin funds gave back much of their early-week buying by Friday, leaving a smaller positive balance in the latest …
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XRP Ledger Fix Upgrade Faces November 4 Earliest Activation After Vote Reset
An XRP Ledger maintenance amendment is running on a new activation clock after losing the validator majority behind its earlier countdown. The fixCleanup3_4_0 amendment regained majority support on October 21, moving its earliest possible activation window to November 4, subject to that support continuing. TL;DR: The amendment regained validator majority on October 21 after its …
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Bitcoin ETF Flows Trail Price Moves, DWF Study Finds
Bitcoin ETF flows track recent price moves more closely than subsequent ones, according to DWF Labs research published October 22. The findings challenge a familiar shortcut: treating a large daily inflow as a forecast. TL;DR: DWF finds Bitcoin ETF flows track past returns more closely than future returns. The study examined 694 trading days through …
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WhiteBIT’s W Group Backs SwapGlobal’s Push Into Pre-IPO Derivatives
W Group, the ecosystem behind crypto exchange WhiteBIT, has invested in derivatives provider SwapGlobal. The October 23 announcement disclosed no deal value and said the company’s first pre-IPO transactions were being prepared. TL;DR: SwapGlobal is preparing institutional pre-IPO derivatives with backing from W Group. The planned exposure would convey a contractual payoff, without ownership of …
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Aave Says V3.8 Security Proposal Preserves Flash-Loan Liquidations
Aave Labs has clarified that its proposed V3.8 security upgrade would preserve flash-loan liquidations. The October 23 response addresses how a reentrancy guard would interact with existing integrations. TL;DR: Aave’s proposed V3.8 guard excludes flash-loan entry points. Governance approval and security audits remain pending. The proposal, posted October 21, adds a guard to Pool operations. …
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California Fast-Food Manager Admits Stealing $232,282 From Jack in the Box To Feed Gambling Problem
A California fast-food manager has admitted to stealing more than $232,000 from his restaurant to feed a gambling problem. Juan Jose Antonio Vanegas, 30, pleaded no contest on October 20th to felony embezzlement by an employee over cash he took from the Jack in the Box he managed on Woodside Road in Redwood City, reports …
Gilead To Hand $45,000,000 to Texas After Allegedly Using “Free Nurses” as Kickbacks To Boost Medicaid Prescriptions
Drugmaker Gilead Sciences has agreed to pay $45 million to resolve allegations that it used improper incentives to influence prescriptions covered by the Texas Medicaid program. The settlement ends claims that the company engaged in an illegal kickback scheme that improperly influenced prescriptions paid for by Texas Medicaid. In October 2023, Texas Attorney General Ken …
New York AG Pursues $1,300,000,0000 From Crypto Pyramid Scheme Targeting Prayer Groups
New York Attorney General Letitia James is pursuing over a billion dollars from the operators of a fraudulent cryptocurrency scheme that infiltrated prayer groups and immigrant communities with false promises of easy riches. Attorney General James filed a motion seeking $1.3 billion in damages and disgorgement from the founders of NovaTech, Cynthia and Eddie Petions, …