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Siblings face fraud charges for by alleged ‘Ormeus Coin’ crypto scheme

Siblings face fraud charges for by alleged ‘Ormeus Coin’ crypto scheme

John and Tina Barksdale were charged Tuesday for alleged securities fraud, wire fraud and conspiracies to commit both by selling a cryptocurrency called “Ormeus Coin.” 

The post Siblings face fraud charges for by alleged ‘Ormeus Coin’ crypto scheme appeared first on The Block.

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Web3 infrastructure startup WalletConnect raises $11 million in Series A funding

WalletConnect has raised $11 million in a Series A funding round co-led by Union Square Ventures and 1kx.

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Binance boss met with UK government officials last week in Westminster ‘charm offensive’

Binance CEO Changpeng Zhao spent last Thursday night wooing an influential gathering of UK government officials in Westminster. 

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Avalanche Foundation unveils $290 million incentive program to spur on growth of subnets

Gaming project DeFi Kingdoms is the first to be granted incentives under the new Multiverse program.

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GoldenTree hires BlockTower’s Avi Felman as head of digital asset trading

Asset management firm GoldenTree said Tuesday that it has hired Avi Felman, who most recently served as BlockTower Capital’s co-portfolio manager, to be its new head of digital assets trading.

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Bain Capital Ventures launches crypto-focused fund worth $560 million: report

Bain Capital Ventures has launched its first crypto-focused fund worth $560 million, with plans for more in the future.

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Santander to offer loans secured by grain-based crypto tokens

Spain-based financial services company Santander plans to offer a new type of loan in Argentina, backed by tokens based on agricultural commodities. 

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Bitcoin mining firm Hive to buy Intel’s new chip

Bitcoin mining firm Hive announced plans to buy Intel’s new ASIC chip. 

The post Bitcoin mining firm Hive to buy Intel’s new chip appeared first on The Block.

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Stanford researchers raise $32 million as they build a privacy-focused blockchain

Espresso has emerged from stealth mode to announce a new privacy-focused blockchain, backed by $32 million in fresh funding.

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US AML watchdog issues alert on potential crypto sanctions evasion from Russia

“Although we have not seen widespread evasion of our sanctions using methods such as cryptocurrency, prompt reporting of suspicious activity contributes to our national security and our efforts to support Ukraine and its people,” said Acting Director of FinCEN Him Das.

The post US AML watchdog issues alert on potential crypto sanctions evasion from Russia appeared first on The Block.

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