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Former Cred CEO Sentenced to 52 Months in Prison for $150 Million Cryptocurrency Fraud

3 days ago

On September 1st, as per the report by Decrypt, a federal judge imposed a combined prison term of nearly eight years on two former executives of the bankrupt crypto lending firm Cred. Their actions resulted in one of the largest investor losses in the history of the crypto industry. Legal experts assert that this ruling establishes a new precedent for holding executives accountable in cases of crypto fraud. The former CEO and co-founder of Cred LLC, Daniel Schatt, was sentenced to 52 months in federal prison, while the company's CFO, Joseph Podulka, was given a 36-month sentence.

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Coinbase Appoints Cat Ferdon as Chief Marketing Officer

On September 4th, according to official information, Coinbase made an announcement about appointing Cat Ferdon as the Chief Marketing Officer. Cat Ferdon had previously served as the marketing and brand lead at Block (formerly known as Square)'s Cash App.

5 minutes ago

Today in History: It has been 8 years since China officially banned ICOs on "9/4".

September 4th, 2017. On this day in 2017, seven central ministries in China jointly announced the suspension of ICO activities. At that time, the closing price of Bitcoin was $4,100. Later, it dropped to $2,817 on September 15th, 2017. On September 4th, 2017, seven Chinese government departments issued the "Notice on the Prevention of Risks Related to Token Issuance and Financing," ceasing ICOs and classifying them as illegal financial activities. All domestic cryptocurrency exchanges were required to close within a specified time limit and stop new user registrations.

5 minutes ago

Source: https://www.example.com Informant: Hong Kong Regulatory Authority Shows Low Acceptance of "HK Stock Crypto Treasury" Direction

On September 4th, as reported by Caixin, Weng Xiaoqi, the CEO of NewFire Technology, stated that Digital Asset Treasuries (DAT), cryptocurrency ETFs, and traditional cryptocurrency exchanges all essentially offer entry points for funds to engage in cryptocurrency trading. Prior to the emergence of cryptocurrency ETFs, exchanges were the mainstream. However, currently, the medium for cryptocurrency trading is evolving towards a more lightweight approach, and currently, DAT is the most lightweight way for traditional investors to enter the crypto world. An anonymous senior digital asset investor told Caixin that although the Hong Kong stock exchange is an option, after communicating with the Hong Kong regulatory authorities, it was discovered that Hong Kong has a relatively low level of acceptance for this direction, and market participants may still need to lobby local regulators.

5 minutes ago

WLFI drops below $0.19, hitting a new all-time low

On September 4th, based on HTX market data, WLFI dropped below $0.19 and is currently trading at $0.1876, reaching a new all-time low, with a 24-hour decline of 18.46%.

5 minutes ago

A new address withdrew 15,000 ETH from FalconX, worth $66.11 million.

On September 4th, as monitored by Onchain Lens, a newly established wallet withdrew 15,000 ETH from FalconX, with a value of $66.11 million. Today, a total of 4 newly created wallets withdrew 80,662 ETH from FalconX, having a value of $352.85 million.

5 minutes ago

Crypto Fear & Greed Index currently at 51, market transitions from "Greed" to "Neutral"

On September 4th, according to Alternative Data, the Fear and Greed Index of cryptocurrencies today is 51 (yesterday it was 55), and the market has changed from "Greed" to "Neutral". Note: The Fear Index threshold is from 0 to 100, and it includes indicators such as Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Sentiment (15%) + Bitcoin Dominance (10%) + Google Trends Analysis (10%).

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