Crypto Currency

Eccentric Antivirus Mogul John McAfee Accused of Making Millions in Illegal Crypto Schemes

Anthony Kwan/Bloomberg via GettyEccentric antivirus millionaire John McAfee is facing federal charges again—this time, over a pair of alleged cryptocurrency schemes that raked in more than $13 million for himself and his accused band of scammers, including his ex-security guard turned CEO.Manhattan federal prosecutors announced Friday that McAfee, 75, was being held in Spain on…

Anthony Kwan/Bloomberg via GettyEccentric antivirus millionaire John McAfee is facing federal charges again—this time, over a pair of alleged cryptocurrency schemes that raked in more than $13 million for himself and his accused band of scammers, including his ex-security guard turned CEO.Manhattan federal prosecutors announced Friday that McAfee, 75, was being held in Spain on separate criminal charges by the Department of Justice’s tax division, while authorities cuffed his alleged accomplice, 40-year-old Jimmy Gale Watson Jr., in Texas.It’s the latest trouble for the reclusive founder of the eponymous antivirus software. In October, McAfee was indicted for federal tax evasion and willfully failing to file tax returns from 2014 to 2018 and accused of hiding assets including his yacht and real property in the names of other people. At the time, prosecutors in Tennessee claimed he earned millions from promoting cryptocurrencies and even selling his life story for a documentary.Read more at The Daily Beast.
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Crypto Currency

US Reaches $1 Billion Seized Iran Crypto to Date: Bessent’s Big Update

U.S. Treasury Secretary Scott Bessent announced today that America has now seized a cumulative total of approximately $1 billion in Iranian cryptocurrency assets under its escalating sanctions campaign. Cumulative Total Hits $1 Billion The figure represents the running total seized to date, not a single new action announced today…

U.S. Treasury Secretary Scott Bessent announced today that America has now seized a cumulative total of approximately $1 billion in Iranian cryptocurrency assets under its escalating sanctions campaign. Cumulative Total Hits $1 Billion The figure represents the running total seized to date, not a single new action announced today…
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Crypto Currency

Bitcoin price outlook amid 9-day streak of ETF outflows

Bitcoin held near $73,000 but risks crashing lower as risks linger. Spot Bitcoin ETFs saw net outflows of $229 million for a nine-day negative streak. On-chain metrics show whale balances flat for months, signaling reduced accumulation. Bitcoin traded near $73,200 on Thursday after failing to sustain a rebound amid broader cryptocurrency selling…

Bitcoin held near $73,000 but risks crashing lower as risks linger. Spot Bitcoin ETFs saw net outflows of $229 million for a nine-day negative streak. On-chain metrics show whale balances flat for months, signaling reduced accumulation. Bitcoin traded near $73,200 on Thursday after failing to sustain a rebound amid broader cryptocurrency selling…
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Crypto Currency

Bitcoin’s $80k test should be decided by the bond market this week

Everyone watching Bitcoin this week is watching the Federal Reserve, while the more important tell may be sitting in the Treasury market, where the 10-year yield has compressed into one of its tightest ranges of the year just as a dense macro calendar opens. Bitcoin’s recovery now rests on renewed institutional inflows and the assumption

Everyone watching Bitcoin this week is watching the Federal Reserve, while the more important tell may be sitting in the Treasury market, where the 10-year yield has compressed into one of its tightest ranges of the year just as a dense macro calendar opens. Bitcoin’s recovery now rests on renewed institutional inflows and the assumption […]
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Crypto Currency

Cathie Wood’s Bitcoin bull thesis concedes stablecoins won the real-world payment fight

Cathie Wood built ARK Invest’s Bitcoin case on the idea that Bitcoin would become a global monetary layer that is programmable, borderless, resistant to inflation, and eventually dominant in payments. The latest version of that argument concedes that stablecoins got there first on the payments side…

Cathie Wood built ARK Invest’s Bitcoin case on the idea that Bitcoin would become a global monetary layer that is programmable, borderless, resistant to inflation, and eventually dominant in payments. The latest version of that argument concedes that stablecoins got there first on the payments side…
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