Bitcoin Rodney" admits role in $1.8B HyperFund fraud scheme
The $1.8B scheme ran 2020-2022 on fake 0.5%-1% daily mining returns — and lands one week after the FBI reported record $11.4B in crypto fraud losses for 2025.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
The $1.8B scheme ran 2020-2022 on fake 0.5%-1% daily mining returns — and lands one week after the FBI reported record $11.4B in crypto fraud losses for 2025.
The exchange argues the CFTC's decade-first nod to onshore perpetual contracts undercuts its own dominance in regulated US crypto derivatives — a turf fight with structural consequences for how…
2.1K $BTC (≈137.8M) moved from unknown wallet to unknown wallet.
Three simultaneous suits, naming Coinbase and Robinhood affiliates, frame a direct challenge to CFTC federal preemption — and land a day after a Michigan court cleared the way for state-level…
The fight isn't over perpetuals themselves — it's over whether a regulated venue like CME gets first crack at the benchmark, with Duffy arguing Dodd-Frank makes the venue question settled law.
The complaint — filed by the world's largest futures exchange — argues perps should be swaps under Dodd-Frank, and lands just weeks after the CFTC greenlit bitcoin perps for Coinbase and Kalshi.
Armstrong's read attributes the pullback to AI rotation, stablecoin regulatory tailwinds, and cooling inflation — not structural demand erosion — and he's still long into 2030.
1.5K $BTC (≈94.3M) moved from unknown wallet to #Kraken.
STRC is a 12.9% variable-rate preferred built to hold $100 par. The drop below $90 forces Strategy to pause its at-the-market share issuance — and amplifies the 'death spiral' debate around the…
The rate decision itself was priced; the new SEP is the shock — higher inflation forecasts and a slower path to cuts pull the rug from a market that had been leaning on 2026 easing.
Saylor frames the current AI data center financing wave as a 12-to-24-week rotation cycle — not a structural shift away from Bitcoin — with inflows expected to resume once those deals close and…
Abandoning forward guidance strips markets of their primary tool for pricing future rate moves, forcing traders back to meeting-by-meeting uncertainty not seen since the pre-Bernanke era.
4K $BTC (≈261.6M) moved from unknown wallet to unknown wallet.
The levy doesn't touch peer-to-peer transfers directly — but it taxes buying, holding, and storing digital assets alike, and a16z's Miles Jennings warns it could drive builders out of the state.
The $90 trillion annual perps market has been entirely offshore and unregulated until now — Kalshi's CFTC-regulated launch gives US traders legal protections and federal oversight for the first time.
The sovereign transfer, tracked by Arkham Intelligence, marks a notable drawdown in Bhutan's state-held Bitcoin reserves and adds fresh sell-side pressure to an already watchful market.
Bitcoin slipped to roughly $78,000 overnight as US markets were closed, extending a pullback that had earlier pinned…
U.S. spot Bitcoin ETFs recorded total net inflows of $10.06 million on June 16, with BlackRock's IBIT accounting for…
The Monetary Authority of Singapore added Bybit Fintech Limited to its Investor Alert List on June 17, the regulator…
Bitcoin was trading below $65,000 as markets braced for the Federal Open Market Committee's upcoming policy decision —…
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Bitcoin Rodney" admits role in $1.8B HyperFund fraud scheme" — read at /en-US/a/bitcoin-rodney-pleads-guilty-in-18b-crypto-fraud.