Kenyan Insurance Executive Calls Out Cryptocurrency Ponzi Schemes, Warns Users It Will ‘End in Tears’ Finance Bitcoin News

A Kenyan insurance executive, Julius Kipingetich, has compared cryptocurrencies like bitcoin to Ponzi schemes and urged his countrymen not to “touch it”. Furthermore, Kipng’etich warned those already involved in crypto trading to be prepared for the consequences as it always “ends in tears.” bitcoin as a medium of exchange interesting when Addressing Attending a trade … Read more

Promoter of crypto scheme touted by Steven Seagal pleads guilty, faces 5 years in prison – Regulation Bitcoin News

A promoter of the first cryptocurrency scheme by famed martial artist and actor Steven Seagal has pleaded guilty to his involvement. The scheme falsely claimed that it “could generate 8,000% return for investors within a year.” Promoter of crypto scheme pleaded guilty The US Department of Justice (DOJ) announced Friday that 55-year-old John DeMar has … Read more

Analysts Discuss Bitcoin Over-the-Counter Desk with BTC Demand – Markets and Prices Bitcoin News

The digital currency markets are again making gains, moving from the lows seen a few weeks ago. As the co-founder of 21st Paradigm explained, this week crypto traders are discussing over-the-counter (OTC) desks with demand for bitcoin, “high net worth individuals.” [and] Institutions want your bitcoin.” Analyst Says Big Market Players ‘Want Your Bitcoin’ Most … Read more

Multi-Billion Dollar Hedge Fund GoldenTree Is Reportedly Adding Bitcoin to Its Balance Sheet

Hedge fund Goldentree, a firm with assets under management (AUM) of $41 billion, has reportedly added leading crypto asset bitcoin to its balance sheet. Anonymous sources detail that the US asset management firm leveraged bitcoin to diversify from traditional debt investment strategies. The wealth management firm is reportedly looking for employees who understand blockchain technology … Read more

Ukrainian President Signs Law Opening Gateway for Digital Hryvnia, Regulatory Sandbox – Regulation Bitcoin News

President Volodymyr Zelensky has signed a law that will allow the National Bank of Ukraine to issue its own digital currency. The new law, which aligns Ukrainian regulations with EU rules, will also tighten certification requirements for customers of payment service providers. New law allows Ukrainian Central Bank to issue digital currency Ukraine’s President Volodymyr … Read more