Crypto Payments Firm BCB Group Has Received Takeover Interest: Sources
The company received takeover interest from a potential investor while conducting a Series B funding round.
The company received takeover interest from a potential investor while conducting a Series B funding round.
According to Odaily, the U.S. Commodity Futures Trading Commission (CFTC) reported on Tuesday that Judge Mary Rowland of the U.S. District Court for the Northern District of Illinois has ordered Oregon resident Sam Ikkurty and several associated entities to pay a total of $209.61 million in penalties. The entities involved include Jafia LLC, Ikkurty Capital LLC, Rose City Income Fund I LP, Rose City Income Fund II, and Seneca Ventures LLC. The court's decision follows the CFTC's findings of fraudulent solicitation and misappropriation of funds, which the CFTC described as a Ponzi scheme disguised as cryptocurrency and carbon investment projects. The judgment requires Sam Ikkurty to pay $83.7 million in restitution to investors, offset by $36.9 million in disgorgement of ill-gotten gains, in addition to a civil monetary penalty of $110.9 million.
We have highlighted ETFs from sectors set to explode on supersized Fed rate cut bets.
Robinhood Crypto has reached a $3.9 million settlement with the California Department of Justice following an investigation into its practices regarding cryptocurrency withdrawals.
The onchain analytics platform CryptoQuant has warned of potential weakness in the Bitcoin (BTC) price.
The US dollar has fallen a bit in the early hours against the Japanese yen, as we are continuing to see sellers coming into the markets as the fear increases on the psyche of market traders as they worry about a litany of issues.
According to Odaily, Forvis Mazars Chief Economist George Lagarias expressed his views on the upcoming Federal Reserve meeting during an interview with CNBC on Thursday. Lagarias firmly supports a 25 basis points rate cut, emphasizing that a larger cut of 50 basis points is unnecessary and could send the wrong signals to the market and the economy. He stated, 'I don't see the urgency for a 50 basis points cut. Such a move might convey the wrong message to the market and the economy. As we know, a recession can become a self-fulfilling prophecy, so making such a decision without a compelling reason would be very dangerous. Unless something happens to unsettle the market, there is no need to cause panic.'
The Aussie dollar has stabilized a bit over the last 48 hours, as we are trying to sort out the risk appetite of traders and markets in general. Remember, this is a market that will continue to look towards the overall attitude of people to get an idea of where
The EU-compliant security token gives investors exposure to the hashrate over a four year period.
Mastercard, the payments giant, has announced a partnership with Mercuryo to launch a euro-denominated crypto debit card, allowing users to spend crypto from self-custodial wallets. Mastercard is a global leader in the payments industry. They operate international payment card services since ...