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Judge Rejects RICO Claims in Lawsuit Over Pastor-Led Crypto Ponzi Scheme

A judge has dismissed RICO (Racketeer Influenced and Corrupt Organizations Act) claims in a lawsuit concerning a Ponzi scheme led by a pastor involving cryptocurrency. The lawsuit alleged that the pastor and his associates defrauded investors by promising high returns on crypto investments. The judge ruled that the plaintiffs failed to establish a sufficient connection between the alleged criminal activities and the RICO statute. This decision marks a significant setback for the plaintiffs seeking to hold the pastor accountable under federal racketeering laws. The case continues to unfold as other aspects of the lawsuit remain active.

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Bitcoin Hit a Major Milestone—Most Miners Won't Be Around for the Next One

Bitcoin has reached a significant milestone with its block reward halving event, which reduces the reward for mining new blocks from 6.25 to 3.125 BTC. This event typically leads to increased prices due to reduced supply, but many miners are struggling with profitability due to high operational costs

Ethereum Foundation sells 5,000 ether to Tom Lee's BitMine in $10.2 million deal

The Ethereum Foundation has sold 5,000 ether to Tom Lee's BitMine in a deal valued at $10.2 million. This transaction highlights the ongoing interest in Ethereum and its potential for investment. The sale is part of the Foundation's strategy to support its development initiatives

Crypto’s multi-million F1 sponsorship under fire as Middle East war hits region's biggest events

A major cryptocurrency sponsorship deal in Formula 1 is facing scrutiny due to the ongoing conflict in the Middle East, which has disrupted significant regional events. The sponsorship, worth millions, has raised concerns among fans and stakeholders about the appropriateness of promoting crypto in light of the humanitarian crisis. Critics

Tom Lee's BitMine Buys $10.2 Million in ETH Directly From Ethereum Foundation

Tom Lee's BitMine has acquired $10.2 million worth of Ethereum (ETH) directly from the Ethereum Foundation. This purchase marks a significant investment in the cryptocurrency, reflecting BitMine's confidence in Ethereum's future potential. The transaction is part of a broader strategy to enhance BitMine&

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Bitcoin Hit a Major Milestone—Most Miners Won't Be Around for the Next One

Ethereum Foundation sells 5,000 ether to Tom Lee's BitMine in $10.2 million deal

Crypto’s multi-million F1 sponsorship under fire as Middle East war hits region's biggest events

Tom Lee's BitMine Buys $10.2 Million in ETH Directly From Ethereum Foundation