County San Diego Financial News
27.08 / 13:01
NASA
Europe's energy crisis
Pope Francis creates 20 new cardinals who may choose his successor
Pope Francis is creating 20 new cardinals on Saturday, a further step in the preparation of his succession.
05.04 / 11:17
Blockchain
Ethereum
cryptocurrency
cryptocurrency explainer
A Lesser-Known Crypto Coin SOL's Frenetic Ascent Into The Top 10 Chart: Report
SOL is a cryptocurrency that runs on the Solana blockchain
23.03 / 13:49
Platform
Enterprise
Qualcomm
Qualcomm Announces $100m Metaverse Investment Fund
Qualcomm has announced a $100 million investment fund for crypto companies.
02.03 / 16:59
Provident
Target
Platform
Permission.io Partners with Web3 Project Swash
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
01.03 / 08:19
SEC
Platform
BitConnect
BitConnect's Indicted Founder Satish Kumbhani Has Disappeared: Report
Last September, the U.S. market regulator had sued Satish Kumbhani.
27.02 / 12:37
cryptocurrency
BitConnect
Indian
fraud case
Satish Kumbhani, Indian founder of BitConnect, indicted by US in $2.4 billion crypto fraud case
The founder of cryptocurrency investment platform BitConnect, an Indian national, has been indicted on charges of orchestrating a global Ponzi scheme worth USD 2.4 billion, federal prosecutors said.
27.02 / 06:59
BitConnect
us sec
BitConnect's Satish Kumbhani charged by US in $2.4 billion Ponzi scam
BitConnect founder Satish Kumbhani was indicted by a US grand jury on charges he orchestrated a global Ponzi scheme that raised $2.4 billion from investors in a fraudulent cryptocurrency investment platform, according to a Justice Department statement. Kumbhani, 36, was charged in San Diego with misleading investors about BitConnect’s purported propriety technology, which falsely promised returns based on phony “volatility software” that tracked cryptocurrency exchange markets, prosecutors said Friday. BitConnect used money from new investors to pay earlier ones and also operated as an unlicensed money transmitting business, the US said.
26.02 / 09:25
business
Blockchain
Scams
Indian
DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme
The founder of the infamous crypto exchange BitConnect, Satish Kumbhani, has been charged for allegedly misleading investors globally and defrauding them of $2.4 billion in the process.
14.01 / 16:33
Adoption
education
Charity
Bitcoin
University accepts Bitcoin donations to fund crypto-related activities
Back in October 2021, The Campanile Foundation (TCF), an auxiliary of the San Diego State University (SDSU), accepted its first crypto donation. Now, the university announced that it is welcoming digital currency donations in Bitcoin (BTC) and Ether (ETH).
21.12 / 10:45
US
Sony
Bitcoin
$154 Million Stolen, Converted To Bitcoin: Here's How US Took Action
The money was allegedly stolen from a Sony subsidiary by one of its Japanese employees.
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