Javier Milei risks impeachment after endorsing $107M Libra rug pull - libra, token, trump, solana, Cointelegraph, donald trump, milei, Crypto

Javier Milei risks impeachment after endorsing $107M Libra rug pull

Argentine President Javier Milei is facing calls for impeachment after endorsing a cryptocurrency project that collapsed in what analysts are calling a massive insider scam.The Solana-native Libra (LIBRA) token started its rally on Feb. 14, shortly after Milei posted about the project on X, formerly

Here’s what happened in crypto today - million, milei, Cointelegraph, bermuda, usdc, libra, token, bitcoin, solana, Crypto

Here’s what happened in crypto today

Today in crypto, a prominent Bitcoin analyst claimed he moved all his Bitcoin into spot Bitcoin ETFs, scammer impersonates Bermuda premier and promotes fake token, and a cryptocurrency endorsed by Argentine President Javier Milei turned into a financial catastrophe after insiders staged a rug pull.B

Indian authorities seize $190M in crypto tied to BitConnect Ponzi scheme - million, litecoin, ponzi, Cointelegraph, Crypto

Indian authorities seize $190M in crypto tied to BitConnect Ponzi scheme

Indian authorities have seized nearly $190 million in crypto associated with Bitconnect amid an ongoing investigation into the global Ponzi scheme, which collapsed in 2018.“The Enforcement Directorate (ED), Ahmedabad, has seized cryptocurrency worth Rs 1,646 crore during its investigation into BitCo

Argentina’s opposition threatens impeachment trial after Milei touts crypto coin - Americas, Reuters, milei, Crypto, libre

Argentina’s opposition threatens impeachment trial after Milei touts crypto coin

Argentine President Javier Milei could face an impeachment trial in Congress, opposition lawmakers said on Saturday, after the libertarian leader touted a cryptocurrency which crashed soon after.Milei late on Friday posted on X recommending the little-known crypto coin $LIBRE, which soon after shot

Scammer impersonates Bermuda premier, promotes fake token - token, Cointelegraph, post, trump, libra, bermuda, Crypto, x

Scammer impersonates Bermuda premier, promotes fake token

A scammer posing as David Burt, the premier of Bermuda, created a fake profile on the X social media platform to promote a fraudulent token called "Bermuda National Coin" to users.The fake profile features a grey checkmark — reserved for government officials and only features 45 posts, with the olde

BNB Chain will prioritize memecoin transactions as gas fees surge 400% - chain, second, block, meme, base, bnb, one, 2024, ethereum, The Block, sec, fees, solana, Crypto

BNB Chain will prioritize memecoin transactions as gas fees surge 400%

BNB Chain has released a new optimization for its BSC network as memecoin speculation increases on the network, driving gas fees up and causing some congestion problems. Currently, BSC validators stop evaluating bids once they reach the block limit, with new blocks mined every 3 seconds. However, du

Argentinian President Javier Milei retracts $LIBRA endorsement after insiders cash out $107 million - milei, jupiter, 2024, ca, libra, The Block, post, token, Crypto

Argentinian President Javier Milei retracts $LIBRA endorsement after insiders cash out $107 million

A pinned X post from crypto-friendly Argentinian President Javier Milei helped boost a newly-launched token $LIBRA, intended to boost Argentinian small businesses, to a peak $4.5 billion market capitalization. "This private project will be dedicated to encouraging the growth of the Argentine economy

Ethereum Price Analysis: Is ETH in Danger of Falling Below $2,500 Soon? - eth, CryptoPotato, lower, ethereum, Crypto

Ethereum Price Analysis: Is ETH in Danger of Falling Below $2,500 Soon?

Ethereum’s price has been on a significant decline lately and has yet to reverse. If things remain the same, much lower prices could be expected.Technical AnalysisBy Edris Derakhshi (TradingRage)The Daily ChartOn the daily chart, the price has been making lower highs and lows since getting rejected

Las Vegas man accused of running $24M crypto-linked Ponzi scheme - money, ai, Crypto, ponzi, Cointelegraph, crypto, three

Las Vegas man accused of running $24M crypto-linked Ponzi scheme

A US regulator has charged a Las Vegas man with allegedly defrauding over 400 investors out of $24 million through a misleading AI-driven crypto mining scheme, falsely promising lucrative fixed returns and a 100% money-back guarantee.“Mr. Kovar allegedly stole victims’ hard-earned money by making fa

Las Vegas man accused of running $24M crypto-linked Ponzi scheme - ai, money, Crypto, Cointelegraph, crypto, three, ponzi

Las Vegas man accused of running $24M crypto-linked Ponzi scheme

A US regulator has charged a Las Vegas man with allegedly defrauding over 400 investors out of $24 million through a misleading AI-driven crypto mining scheme, falsely promising lucrative fixed returns and a 100% money-back guarantee.“Mr. Kovar allegedly stole victims’ hard-earned money by making fa

DPN3, the CluCoin and Goobers NFTs founder who gambled away investor funds, sentenced to 27 months in prison - block, one, nft, clu, 2024, eth, clucoin, Crypto, The Block

DPN3, the CluCoin and Goobers NFTs founder who gambled away investor funds, sentenced to 27 months in prison

The founder of Miami-based CluCoin has been sentenced to two years and three months in prison after pleading guilty to wire fraud. Austin Michael Taylor, 41, the operator of the fraudulent scheme, will also pay restitution and forfeit assets to the tune of $1.14 million.Taylor pled guilty to one cou

Las Vegas man indicted for obtaining $24 million from at least 400 investors in alleged crypto Ponzi scheme - ponzi, block, crypto, Crypto, 2024, three, The Block

Las Vegas man indicted for obtaining $24 million from at least 400 investors in alleged crypto Ponzi scheme

Brent Kovar, a 58-year-old man from Las Vegas was charged with 12 counts of wire fraud, three counts of mail fraud and three counts of money laundering related to his alleged role in a fraudulent cryptocurrency scheme. Kovar purportedly owned a firm called Profit Connect from late 2017 to July 2021.

Tether purchases minority stake in Italian football team Juventus, plans for digital asset integrations - tether, crypto, usdt, The Block, ai, Crypto, 2024, ethereum, block

Tether purchases minority stake in Italian football team Juventus, plans for digital asset integrations

Tether, the firm behind the world's largest stablecoin USDT, has purchased a minority stake in the Italian football team Juventus Football Club, or Juve.The move aligns with Tether's broader goal of integrating digital assets and stablecoins "into every day life," according to a Friday company relea

Sniper reportedly nets $10 million amid Broccoli memecoin frenzy following CZ’s dog reveal - meme, cz, four, zero, The Block, one, solana, coin, build, Crypto, 2024, block

Sniper reportedly nets $10 million amid Broccoli memecoin frenzy following CZ’s dog reveal

A memecoin sniper earned over $10 million by quickly buying and later selling newly launched “Broccoli” memecoins on the Four.Meme platform, according to a blockchain developer. This event occurred amid a surge in memecoin launches following Binance Founder Changpeng “CZ” Zhao revealing the name and

Mysten Labs President Kevin Boon on how crypto policy will evolve in 2025 - kevin, crypto, The Block, sec, donald trump, boon, labs, Crypto, 2024, block

Mysten Labs President Kevin Boon on how crypto policy will evolve in 2025

Episode 13 of The Crypto Beat was recorded with The Block's Editor-In-Chief Tim Copeland and Mysten Labs President Kevin Boon, and The Block's Policy Reporter Sarah Wynn.Listen below, and subscribe to The Crypto Beat on YouTube, Apple, Spotify, Twitch or wherever you listen to podcasts. Please send

Solana memecoin launchpad Pump.fun launches mobile app - fun, pump, one, The Block, solana, Crypto, 2024, block

Solana memecoin launchpad Pump.fun launches mobile app

The Solana memecoin launchpad Pump.fun unveiled Friday a mobile app supporting iOS and Android devices.The launch allows users to buy, sell and create coins for free from their mobile device. In addition, Pump.fun users can make watchlists and manage their digital portfolio in-app, the platform wrot

Bitcoin Looks to Break Long Streak of Weekend Skids - CoinDesk, rally, Crypto, trump, 2024, bitcoin

Bitcoin Looks to Break Long Streak of Weekend Skids

Bitcoin managed to put in a modest rally early in the U.S. trading session on Friday, but the move was quickly snuffed out. Are bulls lightening up positions ahead of the weekend?They could be forgiven for doing so.In his Friday note, Standard Chartered's Geoff Kendrick said bitcoin's price has now

HashKey Group secures $30 million investment from Gaorong Ventures: Bloomberg - crypto, The Block, bitcoin, hashkey, block, ethereum, 2024, hsk, asia, Crypto

HashKey Group secures $30 million investment from Gaorong Ventures: Bloomberg

Hong Kong-based HashKey Group has secured a $30 million investment from China’s Gaorong Ventures, Bloomberg reported on Friday, citing people familiar with the matter.HashKey Group is a regulated digital asset financial services provider offering trading, asset management, custody and blockchain eco

Dubai regulator says memecoins must adhere to regulations - solana, Cointelegraph, vara, retardio, Crypto

Dubai regulator says memecoins must adhere to regulations

Dubai’s Virtual Assets and Regulatory Authority (VARA) issued a warning about the risks associated with memecoins, cautioning investors against speculative and unregulated assets.On Feb. 13, Dubai’s crypto regulator warned investors that memecoins are high-risk and unregulated. The regulator said th

Vitalik argues for even higher ETH gas limit - eth, Cointelegraph, l2, ethereum, gas, one, Crypto

Vitalik argues for even higher ETH gas limit

A higher layer-1 (L1) capacity remains essential for Ethereum, even as the network follows a rollup-centric roadmap, Ethereum co-founder Vitalik Buterin argued in a Feb. 14 blog post.He presented his case for further increases to Ethereum’s gas limit despite a recent agreement that raised it from 30