Tag Archives: crypto

Richard Schueler, widely known as Richard Heart, the founder of Hex cryptocurrency, has been placed on Interpol’s global wanted list through a Red Notice. Issued at the request of Finnish authorities, it follows allegations of tax fraud and assault in the country. Tax Fraud and Assault Charges The Red Notice is a formal request to law enforcement agencies worldwide to locate and provisionally arrest an individual pending extradition, surrender, or similar legal actions....

U.S. President-elect Donald Trump has appointed former college football player Bo Hines to the new crypto council. Announced Sunday, Hines will be onboard as the executive director of the Presidential Council of Advisers for Digital Assets. Trump’s Crypto Council The 29-year-old acknowledged the appointment in a December 23 post on X, writing: “Thank you, Mr. President! It will be the honor of a lifetime to serve in your next administration. Thank you for everything you have...

Interpol issued a Red Notice to Richard Schueler for violence and tax fraud. Schueler is facing an SEC lawsuit for $1B in unregistered token offers. Interpol has issued a Red Notice for Richard Schueler, the founder of the cryptocurrency project Hex, who is accused of tax fraud and assault. A Red Notice calls for law enforcement worldwide to locate and provisionally arrest the wanted person, though it is not an international arrest warrant. Schueler, now in Finland, keeps running until he...

Brian Brooks adds extensive crypto and financial expertise to the board. MicroStrategy joined Nasdaq-100, strengthening its Bitcoin-focused approach. MicroStrategy is a business intelligence company focused on Bitcoin and has now added three new members to its board of directors. On December 20, the company appointed Brian Brooks, former CEO of Binance.US, along with Jane Dietze and Gregg Winiarski, to the board. This move aligns with the company’s efforts to establish a strong...

SEC penalizes Tai Mo Shan for falsely fixing TerraUSD’s $1 peg. The settlement includes a $123M punishment, emphasizing tougher crypto market oversight. The U.S. Securities and Exchange Commission imposed a $123 million fine on Tai Mo Shan Ltd., a subsidiary of Jump Crypto, for misleading investors about the stability of TerraUSD. This algorithmic stablecoin, issued by Terraform Labs, collapsed in May 2022. It brought about a catastrophic loss of $40 billion in investor assets. According to...

Kim Nam-guk, a former South Korean lawmaker from the Democratic Party, is under legal scrutiny for allegedly concealing substantial cryptocurrency holdings in his 2021 and 2022 asset declarations. He is accused of omitting millions in crypto profits and transferring assets to bank accounts. Hidden Crypto Profits A local news outlet, Donga, prosecutors have requested a six-month prison sentence for Kim, claiming he concealed 9.9 billion won, worth approximately $6.8 million,...

Crypto.com users can convert over 20+ cryptocurrencies to hotel points. The company initially offered the new function in the UK, the EU, and Switzerland. Crypto.com has introduced a revolutionary new partnership with Accor’s loyalty program, ALL, whereby users can convert their cryptocurrency into points that can be used for their travel. This partnership is unprecedented and aims to revolutionize the travel experience. Crypto.com users will be able to easily use their digital...

Cryptocurrency enthusiasts are turning to meme coins over traditional assets like Bitcoin (BTC) and Binance Coin (BNB), according to the latest study conducted by Binance. The findings, released on December 18 as part of the Binance Global User Survey, sampled over 27,000 customers across Asia, Australia, Europe, Africa, and Latin America. Meme Coins Outpace Bitcoin and Ethereum Binance revealed that 16% of respondents reported holding meme coins, making them the most-owned...

Ethereum may reclaim market supremacy in 2025. Rising inflows into ETH ETFs indicate growing investor confidence. The most recent report from Matrixport says Ethereum is expected to bounce back in 2025, with a huge fall that happened toward the end of the year in 2024. The report states that surging inflation will act as a catalyst for ETH to reclaim its previous strength. It also notes that rising interest from institutional investors in the ETF will play a role in this recovery. This will...

The suspect took $300K in cryptocurrency by accessing passenger phones. Hussein is facing theft, fraud, and money laundering accusations. A Scottsdale man accused of impersonating an Uber driver was arrested for allegedly ripping off $300,000 in cryptocurrency from two different passengers. Scottsdale detectives and U.S. authorities booked Nuruhussein Hussein on December 11. Secret Service agents. He now faces charges of theft, fraud, and money laundering. Incidents took place outside the W...