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On 13 September 2018, Homero Josh Garza was sentenced to 21 months of imprisonment, followed by three years of supervised release. Garza had founded the cryptocurrency startups GAW Miners and ZenMiner in 2014, acknowledged in a plea agreement that the companies were part of a pyramid scheme, and pleaded guilty to wire fraud in 2015 https://aus-online-casino.com/means-of-payment/online-casinos-with-muchbetter/. The SEC separately brought a civil enforcement action in the US against Garza, who was eventually ordered to pay a judgment of $9.1 million plus $700,000 in interest. The SEC’s complaint stated that Garza, through his companies, had fraudulently sold “investment contracts representing shares in the profits they claimed would be generated” from mining.
The very first cryptocurrency was Bitcoin. Since it is open source, it is possible for other people to use the majority of the code, make a few changes and then launch their own separate currency. Many people have done exactly this. Some of these coins are very similar to Bitcoin, with just one or two amended features (such as Litecoin), while others are very different, with varying models of security, issuance and governance. However, they all share the same moniker — every coin issued after Bitcoin is considered to be an altcoin.
In 2022, RenBridge – an unregulated alternative to exchanges for transferring value between blockchains – was found to be responsible for the laundering of at least $540 million since 2020. It is especially popular with people attempting to launder money from theft. This includes a cyberattack on Japanese crypto exchange Liquid that has been linked to North Korea.
Cryptocurrency news
That decision followed her veto of Senate Bill 1025 — the more ambitious “Arizona Strategic Bitcoin Reserve Act” — on May 3. It would have authorized up to 10% of the state’s treasury and retirement funds to be invested in Bitcoin and other digital assets.
Investment firm VanEck is launching a tokenized real-world asset (RWA) fund that offers exposure to US Treasury bills, developed in partnership with tokenization platform Securitize. The initiative places VanEck among a growing number of traditional finance firms entering the RWA tokenization space.
Its Bitcoin holdings are the third-largest among public companies, trailing only Strategy, formerly MicroStrategy and Bitcoin mining firm MARA Holdings at 568,840 Bitcoin and 48,237 Bitcoin, respectively.
Stablecoin issuer Tether bought $458.7 million worth of Bitcoin for Twenty One Capital on May 13, a Bitcoin investment firm it backed that’s working on a Special Purpose Acquisition Company (SPAC) merger with Cantor Equity Partners.
Arizona Governor Katie Hobbs vetoed two key cryptocurrency-related bills that aimed to expand the state’s involvement in digital assets while signing a strict regulatory measure targeting Bitcoin ATMs.
Cryptocurrency prices
The total crypto market volume over the last 24 hours is $148.44B, which makes a 10.43% decrease. The total volume in DeFi is currently $25.86B, 17.42% of the total crypto market 24-hour volume. The volume of all stable coins is now $139.43B, which is 93.93% of the total crypto market 24-hour volume.
The Bitcoin market cap is currently 2,076.28 billion. We arrive at this figure by multiplying the price of 1 BTC and the circulating supply of Bitcoin. The Bitcoin price is currently $ 104,524 and its circulating supply is 19.86 million. If we multiply these two numbers, we arrive at a market cap of 2,076.28 billion.
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