Crypto Fraud Ring Uncovered: Officer of the Year Joseph Taschetta Rewarded

• Joseph Taschetta was recently awarded Officer of the Year for uncovering an international cryptocurrency fraud ring. • The case started with a single woman in Pensacola who had been scammed out of $10,000 via a fake Bitcoin outlet. • After freezing the funds, Taschetta discovered that this was part of a much larger scheme …

Biden Accused of Trying to Ban Crypto Through Obama-Era Program

Summary Biden and his administration have been accused of secretly trying to ban crypto through an Obama-era initiative known as Operation Choke Point 2.0. The plan is designed to cut off the crypto industry from banking services. This could lead to exchanges being shut off from the banking system, which would give other countries a …

Crypto Volatility Shrinks: Is a Bull Wave on the Horizon?

Summary Crypto experienced a small dip recently after weeks of its main assets increasing in value. The crypto market is experiencing low volatility when compared to other markets such as stocks. Last year, the crypto space lost more than $2 trillion in valuation after heavy speculation and bankruptcies. Crypto Experiences Small Dip After Weeks of …

Whales Cash Out as Retail Investors Rush In: BIS Report

• The collapse of the giant cryptocurrency exchange FTX has been good for industry competitors, as trading on major exchanges boomed after the incident. • According to research by Bank for International Settlements (BIS), whales on big exchanges like Binance, FTX, and Coinbase may have exited the platforms „at the expense of smaller holders“ by …

Convex Finance Price Slips Below $6.5 As Markets Await Inflation Data

• Convex Finance (CVX) price has slipped below $6.5 as the crypto market awaits inflation data from the U.S. Bureau of Labor Statistics; • Market participants are optimistic after Federal Reserve Chair Jerome Powell acknowledged the presence of “disinflation” in the U.S. economy; • Economists predict a 0.5% monthly rise in CPI figures, with an …

Launch DJED: A Revolutionary Stablecoin to Power Crypto Transactions

• Cardano and COTI have been partnering for over a year to develop DJED, a stablecoin. • DJED would be deployed on the mainnet for investors once the chain index syncing is complete. • The concept of over-collateralization would be used to ensure that DJED remains stable despite not being pegged to a fiat currency. …