August 25, 2024

Ex-Kansas Bank CEO Sentenced to Over 24 Years for $47 Million Crypto Fraud

A former Kansas bank executive was sentenced to 293 months in federal prison for embezzling $47.1 million in a cryptocurrency fraud scheme that led to the collapse of Heartland Tri-State Bank (HTSB). Shan Hanes, 53, the former CEO of HTSB, pleaded guilty to one count of embezzlement by a bank officer. $47M Crypto Fraud Court...
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4 Cryptocurrencies to Watch Following Jerome Powell Jackson Hole Update

The current U.S. benchmark rate for massive overnight money market loans from the central bank is in the range of 5.25% and 5.5%. When Powell spoke in Jackson Hole, Wyoming, on Friday, markets expected more signals of a regime of interest rate cutting ahead. Instead, he went a step further and explicitly endorsed rate cuts. In...
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Binance Prevents $2.4 Billion in Potential Losses from Scams in 2024

Binance announced that it has prevented over $2.4 billion in losses from potential scams and fraudulent activities that could have impacted more than 1.2 million users from January to July 2024 owing to its risk management measures. According to the official press release shared with CryptoPotato, Binance employs an internal risk engine that provides 24/7...
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Top 3 Low-Risk, High-Return Cryptocurrencies for New Investors in 2024

New investors are always seeking opportunities that promise substantial returns while minimizing risk. Among the thousands of cryptocurrencies available today, MoonTaurus (MNTR), Ethereum (ETH), and Solana (SOL) stand out for their low-risk, high-reward potential. Each of these cryptocurrencies offers distinct advantages, but MoonTaurus, in particular, is attracting significant attention due to its unique position, massive...
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ETF Weekly Recap: Only Inflows for Bitcoin but Ethereum Products Register Longest Outflow Streak

Bitcoin ETFs have been on an impressive streak lately, and the last trading week saw more than $500 million allocated to the largest US-based products. However, Ethereum ETFs are in the opposite corner, with minor trading volumes and withdrawals. Bitcoin ETFs on a Roll The spot Bitcoin ETFs had a rough start of the month...
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Top Altcoins To Buy For 100% Upside In Short-term!

With a bullish rebound in the cryptocurrency market, top tokens have successfully breached their important resistance levels. Further, the market leader, Bitcoin price has held its value above the $64K level, indicating increased bullish influence in the space. On the other hand, mid-cap and low-cap altcoins have gained massive attention from investors. This has resulted...
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Hex Founder Richard Heart’s Bid to Dismiss SEC Fraud Lawsuit Fails

The US Securities and Exchange Commission has contested Hex founder Richard Heart’s attempt to dismiss its $1 billion securities fraud lawsuit, asserting its jurisdiction over the case. In its opposition brief, filed in a New York federal court on August 22 but dated July 8, the SEC contended that Heart’s motion to dismiss fails to...
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Bitcoin (BTC) $ 68,413.33 0.97%
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Tether (USDT) $ 0.999648 0.09%
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Solana (SOL) $ 160.13 1.86%
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Dogecoin (DOGE) $ 0.162206 6.78%
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TRON (TRX) $ 0.162779 1.58%