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A joint investigation by the FBI’s Money Laundering Squad and Internal Revenue Service-Criminal Investigations led to a 75-month prison sentence for 64-year-old Arizona entrepreneur Reginald Fowler.  A former co-owner of the professional American football team Minnesota Vikings, Fowler has also been asked by the court to pay a forfeiture of $74.02 million and restitution of $5.31 million to the Association …

This article originally appeared on coincierge.de. Can you become a millionaire with Ripple’s XRP? At the time of writing, the value of one XRP token is approximately $0.50. To hold XRP worth one million dollars, investors would therefore need around two million tokens. However, a study suggests that even owning fewer than 100 XRP could be sufficient to reach the …

The market took a beating over the past 24 hours, and certain altcoins performed a lot worse than others. A lot of the worst-performing cryptocurrencies were also named in the lawsuit that the US Securities and Exchange Commission filed against Coinbase. The agency alleges that they are securities. These include Cardano’s ADA, Solana’s SOL, NEAR, Polygon’s MATIC, and so forth. …

Research carried out by contributors of the Toronto Metropolitan University (TMU) estimated that 35% of Canadians owning digital assets had fallen victim to crypto fraud. The study further determined that approximately 9% of the locals have purchased cryptocurrencies or NFTs, with the share being higher among individuals who graduated from universities. Less Educated People Seem More Likely to Get Scammed …

Source: Adobe / Александр Поташев Bankrupt cryptocurrency exchange FTX has secured court permission to remove the names of its customers from all filings in its bankruptcy case.  The US Bankruptcy Judge John Dorsey in Wilmington, Delaware, has concluded that publishing the names of individual customers could put them at risk of scams and identity theft, Reuters reported Friday.  The judge had already …

Source: Pexels Cryptocurrencies from some of the top blockchains on the market have lost over 20% of their values overnight as the prominent financial services company, Robinhood, announced it would be delisting the Cardano (ADA), Polygon (MATIC) and Solana (SOL) cryptocurrencies from its platform on Friday. “We regularly review the crypto we offer on Robinhood. Based on our latest review, …

As the legal battle between Ripple and the Securities and Exchange Commission (SEC) nears its conclusion, the XRP community eagerly awaits the outcome and its potential impact on the price of XRP.  The lawsuit’s resolution holds significant implications for the future of XRP and its journey toward $10 in 2023.  With speculation abounding and market sentiments in flux, this article …

In a rare good news story this week, Ethereum co-founder Vitalik Buterin revealed that, along with Polygon’s Sandeep Nailwal, he has pledged another $100 million for Covid relief. On June 9, Buterin said he and Sandeep “discussed and jointly concluded these and other projects are high-impact and need follow-through grants.” “Hence we decided to put $100 million more to these …

Meme coins are currently gaining a lot of attention and breaking daily trading records with high volumes.  One making the rounds is the Hong Kong meme coin which has surged over 1,000% in the past week. This new sensation has many investors placing it in the same fold as the $PEPE token.  Meanwhile, investors are optimistic about the potential of …

Bitcoin, the leading cryptocurrency, has recently experienced a bounce from the crucial support level of $26,000.  This development has sparked speculation and inquiries about whether the sell-off in Bitcoin has ended.  This significant rebound has influenced the market sentiment surrounding Bitcoin’s price trajectory.  Traders and investors are now closely monitoring Bitcoin’s performance to determine if the recent bounce signals a …

So, this week in crypto we had, let’s see, the SEC. We had a lot of the SEC. The SEC was everywhere. The SEC woke up and chose violence. And the Cryptoverse responded.  The week opened with the US SEC suing Binance and CZ, and the exchange saying it planned to fight ‘to the full extent of the law’. Binance …

The past 24 hours saw the majority of altcoins crash by a considerable margin and there are no signs of slowing down. However, there’s also a clear discrepancy between the price performance of certain altcoins to that of Bitcoin and Ethereum, both of which have remained relatively resilient. Bitcoin Dominance Soars Over the past 24 hours, Bitcoin’s dominance increased to …