National Day of Mourning for Former President Jimmy Carter

Former President Jimmy Carter passed away on December 29, 2024, at the age of 100, marking a National Day of Mourning on January 9, 2025. Flags are flown at half-staff in his honor, and federal offices, including the Supreme Court, will be closed that day. A national funeral service is scheduled at the Washington National Cathedral, attended by all living former presidents.

read more

dTRINITY Launches Innovative Subsidized Lending Protocol on Fraxtal Layer-Two

dTRINITY has launched its subsidized lending protocol on the Fraxtal layer-two network, aiming to reduce borrowing costs and enhance yields for stablecoin users. The protocol utilizes dUSD, a stablecoin backed by an on-chain reserve, to provide interest rebates for borrowers, potentially leading to negative interest rates. With strategic partnerships and plans for expansion to Ethereum and other blockchains, dTRINITY seeks to optimize liquidity and user incentives in the DeFi space.

read more

Co2Bit Launches AI System for Enhanced Voluntary Carbon Credit Offsets

Co2Bit Technologies has unveiled an advanced AI system to enhance the voluntary carbon credit market by providing comprehensive assessments of environmental impacts, including habitability and sustainability. This innovative approach aims to resolve inconsistencies in carbon offset ratings and is set to undergo beta testing in Q2 2025. Co2Bit has already protected over 100 million trees in the Brazilian Rainforest and formed partnerships with numerous countries to finance climate initiatives.

read more

Stand with Crypto PAC Endorses John Deaton Against Elizabeth Warren in Senate Race

John Deaton has received the endorsement of the Stand with Crypto PAC in his challenge against Senator Elizabeth Warren, highlighting a significant divide in crypto policy approaches. While Deaton advocates for the crypto industry and criticizes regulatory overreach, Warren emphasizes national security concerns and proposes stricter regulations. The Massachusetts Senate race is emerging as a key battleground for differing views on digital asset regulation.

read more

Trump’s Crypto Ventures and Legislative Challenges in the Lame Duck Session

Amidst a potential lame-duck session, Rep. Patrick McHenry sees a chance for crypto legislation, including the FIT21 bill, to be attached to a spending bill. Meanwhile, Trump’s involvement in crypto, particularly with his WLF token, raises concerns about conflicts of interest and the Emoluments Clause, as Democrats may resist supporting crypto bills that could benefit the Trump family financially. Senate Majority Leader Chuck Schumer acknowledges the future of crypto but has not prioritized it in his legislative agenda.

read more

Trump’s Immigrant Claims Fail to Boost Meme Coin Market

During a recent presidential debate, Donald Trump made unfounded claims about immigrants in Springfield, Ohio, allegedly eating pets, which have been widely debunked. Despite the controversy, related meme coins like Only Haitians in Ohio (OHIO) and Haitian Cats (hCAT) saw initial spikes but ultimately plummeted in value, reflecting the volatile nature of crypto markets amid political discourse. The TRUMP meme coin also experienced a significant drop, highlighting the lack of sustained interest in these tokens linked to the debate.

read more

SEC Sues NovaTech Founders Over Alleged 650 Million Dollar Crypto Fraud

The SEC has filed a lawsuit against NovaTech and its founders for allegedly defrauding over 200,000 investors of more than $650 million through a pyramid scheme. The company, which collapsed in May 2023, falsely promised risk-free profits and targeted religious communities, with co-founder Cynthia Petion presenting herself as a “Reverend CEO.” The New York Attorney General has also initiated legal action, estimating total damages could exceed $1 billion.

read more

SEC Charges Novatech Founders and Promoters in Major Fraud Scheme

The US SEC has charged Novatech, its founders Cynthia and Eddy Petion, and several promoters with fraud, alleging the operation of a Ponzi scheme that defrauded over 200,000 investors of more than $650 million. The complaint claims that the founders misled investors about their investments in digital assets and foreign currency markets, using most funds to pay promoters and previous investors. The SEC is seeking civil penalties, asset recovery, and permanent injunctive relief, while New York Attorney General Letitia James has also filed a lawsuit on behalf of over 11,000 affected citizens.

read more

SEC Charges NovaTech Ltd in Major Crypto Fraud Scheme Exceeding 650 Million Dollars

The SEC has charged NovaTech Ltd. and its principals, Cynthia and Eddy Petion, with orchestrating a $650 million crypto fraud scheme that defrauded over 200,000 investors globally. The complaint alleges that the company misled investors with promises of safe returns while using most funds to pay existing investors and for personal expenses. Six promoters involved in the scheme have also been charged, and the SEC is seeking penalties and restitution for the victims.

read more

SEC Charges NovaTech Founders in Alleged 650 Million Dollar Ponzi Scheme

The SEC has charged NovaTech founders Cynthia and Eddy Petion with running a $650 million Ponzi scheme, primarily targeting the Haitian-American community from 2019 to 2023. The agency alleges that the scheme promised profits from crypto investments but instead paid earlier investors with new funds, leading to significant losses when it collapsed. Additionally, several promoters have been charged for their roles in recruiting investors despite awareness of regulatory red flags.

read more

SEC and New York AG Charge Novatech Founders with Fraudulent Ponzi Scheme

The SEC has charged Novatech, its founders Cynthia and Eddy Petion, and several promoters with fraud, alleging they raised over $650 million from more than 200,000 investors in a Ponzi scheme. The complaint states that only a small fraction of the funds were invested, with most used to pay earlier investors and for personal expenses. Additionally, New York Attorney General Letitia James has filed a lawsuit against Novatech on behalf of over 11,000 residents, accusing the company of defrauding investors by leveraging religious themes and influencers.

read more