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The U.S. Securities and Exchange Commission has charged online entrepreneur Richard Heart with illegally raising more than $1 billion in three unregistered cryptocurrency offerings and defrauding investors out of $12.1 million. The cryptocurrency market is having its worst month of 2023, according to a report from Web3 outlet De.Fi shared with Cointelegraph. Losses for July totaled $486 million, more than six times the total from 2022.
The regulator's president told Reuters that a German data watchdog has been investigating OpenAI CEO Sam Altman's Worldcoin project since late last year due to concerns over its large-scale processing of sensitive biometric data. With this crypto daily roundup, you can jumpstart your day with the latest updates on cryptocurrencies like Bitcoin, Ethereum, and more.
Bitcoin was back in the red zone, dropping about 2 percent and breaching below the 29,000 mark, while Ethereum also fell more than 2 percent and slipped below $ 1,850. Other popular altcoins — including Litecoin (LTC) and Dogecoin (DOGE)— landed negatively as overall prices saw minor losses. The global cryptocurrency market cap was trading sharply lower, falling to the $1.16 trillion mark as it dropped more than 2 percent in the last 24 hours.
As Bitcoin surges after a year of scandals and losses in the cryptocurrency business, Mike Novogratz, the CEO of Galaxy Investment Partners, stated that one man, in particular, offers him reason to remain bullish. And this person is Larry Fink, CEO of BlackRock, according to a report by Bloomberg.
"The most important thing that happened this year in Bitcoin is Larry Fink," Novogratz said, referring to the investment titan who is chief executive officer at BlackRock Inc., the world's biggest asset manager, reported Bloomberg.
The cryptocurrency market is having its worst month of 2023, according to a report from Web3 outlet De.Fi shared with Cointelegraph. Losses for July totaled $486 million, more than six times the total from 2022. The report comes on the heels of several high-profile hacks and exploits in the month of July and a flurry of legislative activity surrounding the nature of cryptocurrency and digital assets.
With a current reported recovery total of only $6.15 million, nearly 99% of all cryptocurrency and digital assets stolen in July remain unrecovered.
The regulator's president told Reuters that a German data watchdog has been investigating OpenAI CEO Sam Altman's Worldcoin project since late last year due to concerns over its large-scale processing of sensitive biometric data.
Worldcoin, launched last week, requires users to give their iris scans in exchange for a digital I.D. in some countries, free cryptocurrency is part of plans to create a new "identity and financial network." Worldcoin, launched last week, requires users to give their iris scans in exchange for a digital I.D. In some countries, free cryptocurrency is part of plans to create a new identity.
The U.S. House Financial Services Committee passed four digital asset bills last week. Following the passing of the bills, Kristin Smith, CEO of Blockchain Association, tweeted Friday: "This is a result of a coordinated effort to educate + support crypto's Congressional champions." The executivise of real progress toward a workable regulatory framework in the U.S.to be continued: This week was a milestone for the American crypto industry and for the promThe SEC sued entrepreneur Richard Heart
The U.S. Securities and Exchange Commission has charged online entrepreneur Richard Heart with illegally raising over $1 billion in three unregistered cryptocurrency offerings and defrauding investors out of $12.1 million to buy luxuries, including the world's largest black diamond. In a complaint filed on Monday in Brooklyn federal court, the SEC said Heart, also known as Richard Schueler, touted his Hex token, PulseX asset trading platform, and PulseChain asset network on YouTube and other websites as pathways to "grandiose wealth."
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