Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
- In an interview with Yahoo Finance, personal finance guru Suze Orman (1.4m followers on Twitter) emphasized the strength of bitcoin (BTC) as an investment vehicle but criticized it as an alternative to fiat currency, adding that the cryptocurrency is “risky” and its investors should be prepared to lose their money. “I love bitcoin. I like the universality of it. I like that it’s just there and there are corporations that are investing in it. … I like it as a possible replacement for gold as an investment,” she said.
- One of the most bullish non-crypto companies, US-based software developer MicroStrategy, has purchased additional BTC 205 , for approximately USD 10m, at an average price of USD 48,888 per BTC, announced CEO Michael Saylor today. As of March 5, the company holds some BTC 91,064 (USD 4.3bn) acquired for USD 2.196bn at an average price of USD 24,119 per coin.
- Matter Labs, the team behind Ethereum (ETH) scaling solution, zero-knowledge rollup (ZK-rollup)-powered zkSync, has announced a Series A round for zkSync. According to the announcement, the round was led by Union Square Ventures, an early investor in Twitter, Cloudflare, and Coinbase, among others, while it also included existing investors: Placeholder, 1kx, and Dragonfly. The team didn’t disclose the raised sum.
- John David McAfee, the founder of the McAfee antivirus software company, and Jimmy Gale Watson Jr., who served as an executive adviser of McAfee’s so-called cryptocurrency team (the “McAfee Team”), charged with conspiracy to commit commodities and securities fraud, conspiracy to commit securities and touting fraud, wire fraud conspiracy and substantive wire fraud, and money laundering conspiracy offenses stemming from two schemes relating to the fraudulent promotion to investors of cryptocurrencies qualifying under federal law as commodities or securities, the US Department of Justice (DoJ) announced. Watson was arrested last night in Texas, while McAfee is currently detained in Spain on separate criminal charges filed by the United States Department of Justice’s Tax Division.
- Portuguese authorities could be set to launch an investigation into domestic crypto YouTubers and social media influencers giving advice about crypto investments online. Per the news outlet Expresso, the nation’s Polícia Judiciária (Judicial Police) is investigating claims brought to its attention by an online petition, which currently has nearly 14,000 signatures. The petition alleges that web-based “scammers” are seeking to promote “fraud,” and that “con artists” are leading innocent citizens astray. The police say they are looking into the allegations after one of the YouTubers accused appeared to confess to wrongdoings and promised to refund viewers who had sent him money to invest.
- Sohrab Sharma, a/k/a “Sam Sharma” was sentenced to eight years in prison in connection with his leading role in a scheme to induce victims to invest more than USD 25m worth of digital funds in Centra Tech, a Miami-based company he co-founded and that purported to offer cryptocurrency-related financial products, the DoJ announced.
- A Swedish businessman has pleaded guilty to charges after he was indicted for allegedly duping 3,575 victims out of over USD 16m in a pension-based, crypto-themed investment scheme. The man, Roger Nils-Jonas Karlsson (47), who fronted the Eastern Metal Securities company, was hit with charges in early 2019, after police apprehended him in Thailand and extradited him to the United States to face trial. Per a release from the DoJ, Karlsson has been accused of securities fraud, wire fraud and money laundering.
- In February, spot trading volumes on crypto exchanges increased…