Investment

Former Investment Banker Receives 41-Month Sentence for Crypto Fraud

Former Investment Banker Receives 41-Month Sentence for Crypto Fraud

Rashawn Russell, a former investment banker, has been sentenced to 41 months in jail for wire fraud related to a cryptocurrency and access device fraud. Russell’s sentencing took place at the Eastern New York District Court in Brooklyn after his September 2023 guilty plea. Former Banker’s $1.5 Million Crypto Fraud Prosecutors detailed that Russell began […]

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Bitcoin Investment Products Ended March With Inflows of $865M Amid Renewed Interest

Bitcoin Investment Products Ended March With Inflows of $865M Amid Renewed Interest

Digital asset investment products experienced a positive shift in sentiment during the last week of March, with inflows reaching $862 million, nearly recovering from the previous week’s record outflows of $931 million. Despite this encouraging rebound, CoinShares revealed that ETF activity appears to be slowing down. In fact, the latest data shows that the daily

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Crypto Investment Fraud Spiked 53% in 2023: FBI

Crypto Investment Fraud Spiked 53% in 2023: FBI

The Federal Bureau of Investigation (FBI) has revealed that losses incurred from cryptocurrency investment fraud incidents increased from $2.57 billion in 2022 to $3.94 billion in 2023, representing a 53% increase year-over-year. According to the FBI’s Internet Crime Report 2023, criminals found more ways to scam victims, enticing their targets with promises of lucrative returns

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FBI: Crypto Investment Fraud Surged 53% in 2023, Topping $3.94 Billion

FBI: Crypto Investment Fraud Surged 53% in 2023, Topping $3.94 Billion

Last updated: March 10, 2024 11:30 EDT | 2 min read The Federal Bureau of Investigation (FBI) has reported a surge in losses due to cryptocurrency-related investment scams.  According to a recent report by the FBI, investment losses related to cryptocurrencies rose from $2.57 billion in 2022 to approximately $3.94 billion in 2023, representing a staggering

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Crypto Investment Products Record $243 Million Inflows in Final Week of 2023, Yearly Total Reaches $2.2 Billion – CoinShares

Crypto Investment Products Record $243 Million Inflows in Final Week of 2023, Yearly Total Reaches $2.2 Billion – CoinShares

Source: Adobe / Luisa Cryptocurrency investment products witnessed substantial inflows, totaling $243 million in the final week of 2023, contributing to a cumulative yearly inflow of $2.2 billion. According to CoinShares, Bitcoin (BTC) led the way with over $1.9 billion in inflows, accounting for 86% of the total. Solana (SOL) followed as the second-highest, with

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British Investment Managers Receive Approval for Tokenized Funds

British Investment Managers Receive Approval for Tokenized Funds

British investment managers have received approval to create tokenized funds, marking a shift towards using blockchain technology in mainstream asset management. The country’s trade body gave the green light on Friday, allowing funds to be split into smaller digital tokens backed by blockchain technology. UK Investment Managers to Launch Tokenized Funds The Investment Association announced

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