Bitcoin surges to new all-time high
Bitcoin, the world’s largest cryptocurrency, has reached an all-time high of $67,300
Analysts are saying the crypto market is growing at a mind-blowing speed, now being worth over $3 trillion.
As of 9:54 am in New York, the overall market cap of cryptocurrencies hit $3.3 trillion, according to CoinGecko pricing.
The third- and fourth-biggest tokens, Binance Coin and Solana, have added more than 20% in the past seven days; all of the seven biggest coins are up over the last week.
Ethereum, the second most popular cryptocurrency, also reached a record high of over $4,800.
Experts predict the surge is being prompted by investors piling in as a method of maintaining or growing the value of their money against inflation.
These recent rises just go to show how volatile the digital coin sector is.
Celebrities busted over illegal crypto scheme
Agreements have been settled without admitting guilt
Eight celebrities have been busted over allegations they’ve been participating in an illegal crypto scheme.
The stars, including Lindsay Lohan, Logan Paul and Soulja Boy, were all charged following an investigation by the U.S. Securities and Exchange Commission.
Lohan and Paul have reportedly settled the matter without admitting guilt.
But, regardless, it’s just another bad look for the already embattled crypto industry.
Crypto fugitive Do Kwon arrested in Montenegro
He was carrying falsified documents at an airport
One of the world’s most wanted crypto fugitives has been arrested in Montenegro.
It’s a long way from home for South Korean entrepreneur Do Kwon, who’s accused of orchestrating a multi-billion-dollar fraud scheme.
Kwon was connected to the TerraUSD stablecoin, which saw $40 billion erased from its holders.
He was reportedly arrested at an airport after carrying falsified documents.
It follows a red notice being issued by South Korea last September.
SEC sues Jake Paul over paid crypto promotions
The issue is linked to Tron founder Justin Sun
The U.S. Securities and Exchange Commission (SEC) is suing YouTube personality Jake Paul over a promotion of cryptocurrencies linked to Tron founder Justin Sun.
The SEC is accusing Paul of a paid promotion of assets without disclosing those payments to the public.
Other celebrities such as Lindsay Lohan, Ne-Yo and Akon and are also being investigated for their involvement.
Meanwhile, the SEC is going after Sun for potential fraud and market manipulation.
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