SEC charges Unicoin execs with $100 million crypto fraud in alleged asset-backed token scheme

The U.S. Securities and Exchange Commission (SEC) accused cryptocurrency startup Unicoin and its top executives of orchestrating a massive fraud scheme. The SEC alleges that they raised more than $100 million from thousands of investors using false promises about asset-backed tokens and inflated fundraising numbers. A crypto dream built on illusions? The SEC’s 77-page complaint, filed…

World’s 8th largest economy close to adopting Bitcoin reserve as Texas heads to final vote

Texas is advancing plans to create a government-backed Bitcoin reserve after lawmakers approved Senate Bill 21 (SB 21) in its second House reading on May 20. According to voting records on the Texas Senate website, the proposal passed with a commanding 105 to 23 vote, reflecting rare bipartisan support. It now heads to a third…

SUI Preparing For Another Leg Up – Is $5 The Next Target?

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este…

South Korea FSC Implements Strict KYC for Crypto Exchanges, Allows Selling of Crypto From June

The South Korean Financial Services Commission (FSC) will mandate non-profit organizations and cryptocurrency exchanges to comply with a strict customer verification process from June. In an official release, the country’s top financial regulator announced that these entities will be allowed to sell digital assets under the new regulations. Non-profits are allowed to sell cryptos that…

100 men vs Gorilla game drops on Steam but what about 100 Degens vs 1 Gorilla Whale?

DISCLAIMER: The below article is part of CryptoSlate’s initiative to align Bitcoin and crypto events with the front page of the Internet. Stories contain satirical elements and may contain fictitious names or quotes for entertainment purposes.  A series of games simulating the debate over whether 100 men could win a fight against a gorilla has been…

Blackstone Makes First Crypto Move With Investment in BlackRock’s Bitcoin ETF

Key Takeaways: Blackstone makes first direct crypto investment. The asset manager has added Bitcoin ETFs and crypto ATM shares. BlackRock’s IBIT leads U.S. Bitcoin ETFs in inflows. Blackstone, the world’s largest alternative asset manager, has made its first move into crypto markets, purchasing shares in BlackRock’s iShares Bitcoin Trust (IBIT), a spot Bitcoin exchange-traded fund….

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Metaplanet is Japan’s Most Shorted Stock, Says CEO Amid Global Short Squeeze Speculation

Dubbed as Japan’s ‘Strategy’, Metaplanet is now the country’s most shorted stock by hedge funds, CEO Simon Gerovich posted on X earlier today, warning that betting against Metaplanet is like betting against Bitcoin. The company’s stock has surged over 4,800% over the past year because of the company’s pivot to Bitcoin investment strategy. Originally a…