Carl Rinsch, director of the 2013 Keanu Reeves-starred film “47 Ronin,” was arrested Tuesday in West Hollywood and charged with wire fraud and money laundering after allegedly misappropriating $11 million in funding from a “prominent streaming platform,” which multiple reports ostensibly cite as Netflix. Prosecutors allege Rinsch requested additional funding from a streaming service to […]
U.S. authorities have scrapped charges against the founder of decentralized social network BitClout, court documents show. Last year, feds hit Nader Al-Naji with one count of wire fraud, alleging that he defrauded investors of $3 million with his crypto project. The Department of Justice alleged at the time that Nader “lied to get access to
BitClout Founder Dodges Fraud Charge as Justice Department Scraps Case Read More »
The U.S. Securities and Exchange Commission (SEC) may revise or abandon former chair Gary Gensler’s controversial proposal that would tighten crypto custody standards for investment advisers. Under Gensler’s two-year-old proposal, the SEC sought to expand federal custody rules to include assets like crypto, requiring investment advisers to hold client assets with qualified custodians, such as
SEC’s Uyeda Signals Possible Revisions to Crypto Custody Rule Read More »
Cumberland SG, the Asia subsidiary of U.S.-based crypto trading firm Cumberland, said on Monday it has received in-principle approval for a Major Payment Institution license from the Monetary Authority of Singapore. The approval marks a step for the firm to expand its presence in Singapore, a key financial hub for digital assets, Cumberland said in
Cumberland Secures In-Principle Approval for Singapore Payment License Read More »
