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USFIA

'Gemcoin' Ponzi Scheme Operator Hit With $74 Million Judgment

One of the leaders of a Ponzi scheme that involved a fictitious cryptocurrency has been ordered to pay $74 million.

By Garrett KeirnsMar 15, 2017, 12:10 p.m. EDT

(Zimmytws/Shutterstock)

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49 minutes ago

Neutral

Zcash co-founder proposes ending grants funding, citing $125 million treasury

Sean Bowe’s proposal would send the committee’s 8% share of newly created ZEC to a reserve for future miners. The committee would keep the money it has already received.

2 hours ago

Positive

Ripple gets a final go-ahead to launch its own U.S. national trust bank

The Office of the Comptroller of the Currency has approved Ripple National Trust Bank (RNTB), Ripple's CEO Brad Garlinghouse announced on X.

14 hours ago

Positive

Tom Lee's Bitmine favors share buybacks to ether purchases as crypto declines

The Ethereum treasury firm spent $46 million buying back shares as Chairman Tom Lee said crypto has held up better than AI stocks during the recent market pullback.

15 hours ago

Positive

NBA joins pro sports leagues on CFTC prediction markets bandwagon while NFL balks

The U.S. derivatives regulator, which has championed the arrival of prediction market firms such as Kalshi, has been gathering allied sports leagues.

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