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    Feds Say AI Crypto Firm Was a Scam, Owner Faces Trial

    Feds Say AI Crypto Firm Was a Scam, Owner Faces Trial

    A Las Vegas businessman, Brent C. Kovar, 58, has been indicted for allegedly orchestrating a $24 million cryptocurrency Ponzi scheme through his company, Profit Connect. Prosecutors claim Kovar falsely promoted Profit Connect as an artificial intelligence-powered...
    Goldman Sachs Boosts Bitcoin ETF Holdings

    Goldman Sachs Boosts Bitcoin ETF Holdings

    Goldman Sachs significantly expanded its Bitcoin ETF holdings in Q4 2024, increasing its stake in the Ishares Bitcoin Trust ETF (IBIT) by 88% to $1.27 billion, according to its latest SEC filing. The firm also boosted its investment in the Fidelity Wise Origin Bitcoin...
    SEC Seeks More Time in Coinbase Battle as Crypto Rules Shift

    SEC Seeks More Time in Coinbase Battle as Crypto Rules Shift

    The SEC seeks a 28-day extension to respond to Coinbase’s appeal, citing ongoing crypto regulatory reviews. With a leadership shift under Trump, the agency’s stance on crypto is evolving. SEC Requests Extension in Coinbase Appeal The U.S. Securities and Exchange...
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