A Georgia social media personality is accused of stealing more than $4 million in food assistance benefits meant for low-income families. The U.S. Attorney’s Office for the Northern District of Georgia says Mercedes Reshard New, 39, of Atlanta, who goes by “Shawty Dred” online, allegedly controlled more than 350 fraudulent Supplemental Nutrition Assistance Program (SNAP) …
Category archives: Trending Crypto news
JPMorgan Expands Tokenized Money Market Funds To Solana
TL;DR: J.P. Morgan Asset Management says qualified U.S. investors can now access MONY and JLTXX tokenized money market funds on Solana through its Morgan Money platform. J.P. Morgan Asset Management is bringing two of its tokenized money market funds to Solana, extending a traditional cash-management business across another public blockchain. In an announcement Thursday, the …
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Bitwise Dogecoin ETF Reaches Scheduled Liquidation As Holders Face Cash Redemption
TL;DR: Bitwise’s BWOW Dogecoin ETF reached its announced October 22 liquidation distribution date, with remaining shareholders due cash based on the fund’s net asset value. For investors who held the Bitwise Dogecoin ETF past its final day of trading, the exit is now a cash-redemption process rather than a normal market order. The fund’s previously …
Swiss Regulator Approves First Domestic Spot Bitcoin ETF Under Fund Law
TL;DR: Switzerland’s FINMA has authorized a Bitcoin ETF structured as a Swiss-law public investment fund; the approval differs from older exchange-traded crypto products already sold in Europe. Switzerland has taken a significant step in how Bitcoin exposure can be packaged for ordinary investors. Financial regulator FINMA says it has approved the country’s first publicly offered …
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Solayer Pay Adds Five Blockchain Networks For Direct Stablecoin Card Deposits
TL;DR: Solayer Pay says its card app now accepts supported stablecoin deposits from Solana, Ethereum, Arbitrum, BNB Chain and Base without an additional bridging step. Moving stablecoins from a crypto wallet to a payment card has often involved an awkward detour through another blockchain or exchange. Solayer Pay is trying to remove that step by …
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CMCC Global Plans Tokenized Bitcoin Funds With Tether And Bitfinex Securities
TL;DR: CMCC Global is bringing two existing fund strategies into tokenized securities issued through Tether’s Hadron infrastructure and Bitfinex Securities under El Salvador’s rules. The tokenization of financial products is moving beyond Treasury bills and cash-like instruments. Investment manager CMCC Global has announced plans to represent interests in two digital-asset funds as tokens through infrastructure …
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Wells Fargo and five others object to OKX-ICE tokenized stock listings: Report
As of Friday, 22 companies had filed objections as part of the joint venture’s proposed tokenized stock platform under the SEC’s innovation exemption. Six more companies have reportedly filed objections to having their stocks listed in tokenized form on the proposed platform as part of a joint venture between cryptocurrency exchange OKX and the New …
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Georgia Man and Florida Attorney Charged in Alleged Ponzi Schemes That Promised 16x Returns in Under Three Months
A Georgia investment broker and a Florida attorney have been charged with running Ponzi schemes that allegedly took nearly $2 million from investors. The schemes promised returns as high as 16 times an investment in as little as 30 to 90 days, says the U.S. Attorney’s Office for the Northern District of Georgia. Prosecutors say …
Initia halts blockchain after exploit reportedly drains over $2.6M
The blockchain suspended its layer-1 network and rollups after security researchers identified unauthorized token minting and millions in assets transferred to Ethereum. Initia halted its layer-1 blockchain and rollups after blockchain sleuths reported an exploit that allowed an attacker to mint tokens without authorization and drain more than $2.6 million in crypto assets. The network …
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IRS plans lower tax disclosure penalties, including for crypto: Forbes
The US tax agency is targeting faster resolutions and more flexible payment options for taxpayers voluntarily disclosing past tax violations under a planned program overhaul. The US Internal Revenue Service (IRS) is preparing to overhaul its voluntary disclosure program, with plans to reduce penalties and accelerate the resolution of tax violations, including those involving cryptocurrencies, …
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SEC flags tokenization as high-risk area in 2027 market examinations
The SEC’s latest priorities highlight tokenization as an emerging market risk, while cryptocurrencies remain absent as a standalone examination category. The US Securities and Exchange Commission (SEC) has added tokenization to its fiscal 2027 examination priorities, placing tokenized securities alongside quantum computing and extended trading hours among emerging trends it plans to examine. In its …
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US senator probes Tether after reported deal with ex-Trump crypto adviser
The Democratic ranking member of the Senate Permanent Subcommittee on Investigations asked Paolo Ardoino for records related to a reported deal between Tether and Nxum. Update (Oct. 23, 6:27 pm UTC): This article has been updated to include a response from Tether. Senator Richard Blumenthal has requested information from Tether CEO Paolo Ardoino after a …
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Former Texas Bank Vice President Accused of Siphoning $193,810 From Customer Accounts and Arranging Loan To Benefit Himself
A former bank executive in Texas faces a felony theft charge after allegedly diverting nearly $194,000 from customer accounts through unauthorized withdrawals and improper charges. Josiah Kennedy worked as a vice president and lending officer at Citizens Bank in Abilene from February 2020 until he was fired on October 31st, 2023, reports KTXS. Citizens Bank …
Bitcoin seeks support above $81K as Brent crude oil hits highest level since March
Bitcoin dipped below $81,000 as stocks fell and Brent crude hit its highest level since March, leaving the 50-day moving average in focus. Bitcoin (BTC) saw a fresh dip below $81,000 after Friday’s Wall Street open as Brent crude oil set new seven-month highs. Key points: Read more Go to Source
Chinese Prosecutors Seek Confiscation of 61,896 BTC Seized in UK From Massive Fraud: Report
Chinese prosecutors are seeking to confiscate over 61,000 Bitcoin and related assets seized by UK authorities from a massive international fraud scheme. The Tianjin No.2 Intermediate People’s Court accepted the application by the Tianjin Municipal People’s Procuratorate No.2 Branch on Sept. 28 to confiscate illegal proceeds including 61,896.41552945 BTC plus other virtual currencies, cash, jewelry, …