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Richard Schueler, popularly known as Richard Heart, is facing a lawsuit alleging he raised over $1 billion in unregistered securities offerings across three projects and used investor funds for personal expenses. The internet personality Richard Schueler, often identified as Richard Heart, is currently facing a lawsuit filed by the U.S. SEC. The charges are related to his projects — Hex, PulseChain, and PulseX, which are alleged to have raised over $1 billion via three different non-registered securities offerings, starting in 2019. The lawsuit, filed on Monday, July 30, also accuses Heart of deceit. He allegedly exploited investors’ funds for his personal interests, misappropriating their capital to purchase luxury items for personal use. Heart had propagated the perception that these investments would pave the way for extraordinary financial returns, such as his assertion that Hex was crafted to be “the most rapidly appreciating asset known to humanity,” according to the SEC.

ENS founder Nick Johnson urged users to check their own addresses and reclaim their deposited funds. After years of leaving 39,712 Ether (ETH) locked at the Ethereum Name Service (ENS) auction , a whale using the domain “darkmarket.eth” has re claim ed the digital assets and transferred over $119 million in ETH to a new wallet.  After 2.7 years of dormancy, darkmarket.eth reclaim 39,712 $ETH ($74.17M) locked in the ENS auction just now. And transferred 63,734 $ETH($119M) out to a new wallet.https://t.co/OtXYRpcOhn pic.twitter.com/rXKpT1OzrA — Lookonchain (@lookonchain) July 31, 2023 Back in 2021, ENS founder and lead developer Nick Johnson tweeted a reminder for the owner of the “darkmarket.eth” domain to re claim their ETH that was locked up in ENS deposits from its first two years. The ENS founder also provided a link that would allow those with ETH deposited in ENS auction s to re claim their digital assets.  However, despite the reminder, the funds were reclaimed only after

For those unfamiliar with blockchain and digital assets, cryptocurrency can be overwhelming. But with the rise of crypto payment methods, there is a need for easy-to-use solutions that simplify buying, selling, and using cryptocurrencies.  LYOPAY App is a crypto payment solution that makes transactions between fiat and digital currencies easy and accessible. LYOPAY App features LYOPAY App is a platform that offers users an easy way to exchange fiat and cryptocurrencies.  The app acts as a connection point and provides a user-friendly interface to manage digital assets.  One of the app’s features is the EUR account which comes with an IBAN account for SEPA transfers.  This account makes it easy for users to buy and sell cryptocurrencies, as funds can be easily transferred between their LYOPAY accounts and bank accounts. Compliance LYOPAY adheres to regulations such as know-your-customer (KYC), anti-money laundering(AML), open web application security project (OWASP ), and gener

US Congressman Patrick McHenry sees cryptocurrency and blockchain as the building blocks to create the next generation of decentralized internet technology. The US representative of the 10th district of North Carolina is a public supporter of the rise of crypto such as Bitcoin. During the most recent House Financial Services Committee meeting, McHenry outlined how the US is “at risk” of falling behind in the evolving economy of crypto without regulation and innovation. JUST IN: 🇺🇸 US Congressman Patrick McHenry says #Bitcoin is a "financial revolution." — Watcher.Guru (@WatcherGuru) July 28, 2023 “Terms like cryptocurrency, blockchain technology, and the digital asset ecosystem are now part of the everyday lexicon for millions of Americans and people around the world,” according to the congressman. McHenry said about Bitcoin and digital assets, “This is a software revolution and a financial revolution if done correctly.” “We are here to take a historic step

Crypto millionaire Fernando Pérez Algaba was found dead and chopped up in a suitcase in Argentina. Influencer Ben Armstrong responded to this news with: “Note to self: Don’t visit Argentina.” Crypto Twitter, however, explained to Armstrong that such incidents only happen to scammers like him. Popular crypto influencer Ben Armstrong tweeted, “Note to self: Don’t visit Argentina” to the news of crypto millionaire Fernando Pérez Algaba being found dead and chopped up in a suitcase in Argentina. Note to self: don’t visit Argentina https://t.co/f7s4hYhZYc — Ben Armstrong (@Bitboy_Crypto) July 27, 2023 The news of the millionaire’s death hit the stands early yesterday when police departments in the country revealed gruesome details about the murder to the public. Algaba’s body was reportedly found by two children in a town in Buenos Aires after they opened a red suitcase found by a stream. “The body parts were cleanly amputated, suggesting the work of a p

US Democrat presidential candidate Robert Kennedy Jr. said he bought 14 BTC for his children to “put his money where his mouth is.” Robert F. Kennedy Jr, also known as RFK Jr., participated in a Twitter Space hosted by crypto investor Scott Melker on July 26. The presidential candidate, known for his support for Bitcoin (BTC), said he bought two BTC for each of his seven children after the Bitcoin Miami conference in May 2023.  According to Kennedy Jr., the Bitcoin purchases came after the politician faced criticisms from the media for just speaking favorably about the asset without owning any BTC.  You might also like: US presidential candidate accepts campaign donations in bitcoin Kennedy Jr. also noted that he might receive more criticism following his revelation. However, he added, “Nobody can say I didn’t put my money where my mouth is.” He acknowledged the support he had received so far from the BTC community.  At the time of the purchase, Bitcoin was trading around

In a letter to the court on Wednesday, US Attorney Damian Williams wrote: “In keeping with its treaty obligations to The Bahamas, the government does not intend to proceed to trial on the campaign contributions count”. advertisement Bankman-Fried is facing multiple charges, including one related to campaign finance contributions, as he prepares for his trial in October. He contested the validity of five charges, arguing they weren’t part of the extradition agreement that led to his return to the US. The government separated these charges from the upcoming trial, resulting in two separate cases. He also challenged another campaign finance charge, claiming it should be dismissed because it wasn’t included in the official documents approving his extradition from the Bahamas. Normally, a person can only be charged for the crimes they were extradited for, but prosecutors claimed they could bring new charges with The Bahamas’ consent. However, The Bahamas has

The BRICS alliance has invited representatives of 69 countries to attend the next summit in South Africa in August. The invitation is sent out to all African heads of state and political heads of major Global South bodies. The invite comes on the heels of 44 countries expressing their interest to join the BRICS bloc. Among the 44 countries, 22 nations have formally applied to be a part of the alliance, confirmed Ambassador Anil Sooklal. Also Read: BRICS : Warren Buffet Predicts the Future of the U.S. Dollar BRICS: 69 Countries Invited To The August Summit Source: VCG / ChinaDaily.com.cn The upcoming BRICS summit could see the largest attendance if all invited leaders attend the meeting. Sooklal confirmed that South African President Cyril Ramaphosa has sent out the invites calling all heads of state to attend the meeting. In total, the invites have been sent to 69 countries. Also Read: BRICS : 22 Countries Open Accounts to Trade In Rupee, Ditch US Dollar Leaders of all A

Also Read: Cardano News: 4 Recent Launches, Upgrades Investors Should Know advertisement On Tuesday, the Dow Jones U.S. Banks Index dropped by 1.28% as a result of the PacWest news. Meanwhile, it remains to be seen if the Bitcoin price could be impacted if the fear and uncertainty around the bank merger goes full blown. On the other side, the market is expecting a 25 bps interest rate hike decision from the US Federal Reserve on Wednesday, while the traders will be looking for comments around further rate hikes in Fed Chair Jerome Powell’s press conference. Banc Of California To Buy PacWest According to The Wall Street Journal, Banc of California is in advanced talks to buy the PacWest Bank and the deal could be closed by the end of the day on Tuesday. Meanwhile, the Banc of California stock price rose by 11% on Tuesday. Among the most impacted banks due to the regional Banking Crisis in the United States was PacWest, which was at one stage touted as t

The project has faced criticism from within the fintech world over its dystopian features and privacy concerns. The newly launch ed controversial crypto and ID project Worldcoin could face inquiries from data regulator s in the United Kingdom as it raises concerns over privacy and critical biometric data safety, according to a Reuters report. The Information Commissioner’s Office (ICO) — the U.K.’s data regulator y body — acknowledged the launch of the crypto project in the country, and said it would examine the project and make further inquiries concerning data laws, reported Reuters. When Cointelegraph reached out to the ICO to ask about its reported probe into Worldcoin, the agency declined to comment. A spokesperson for the regulator said that they “have not announced anything publicly to confirm or deny if we are looking into Worldcoin. Until then, I would not be able to pass comments.” The digital identification-centered crypto project launch ed on July 24 and was co-founded b

Blockchain intelligence firm TRM Labs has found “mounting on-chain evidence” to support international claims that terrorist group ISIS and its affiliates across Asia are increasingly trading in crypto, particularly Tether (USDT) on the Tron network. According to TRM, transacting USDT on Tron is a “growing trend” among pro-ISIS networks in Tajikistan, Indonesia, Pakistan, and Afghanistan, based on crypto transactions it investigated from the past 12 months. The firm reported that almost all of the crypto transactions it unearthed were in USDT on Tron. Links to pro-ISIS fundraising campaigns in Syria were found in all of its case studies — including one of the most influential ISIS-linked media units, al-Azaim Media Foundation, owned by ISIS’s Afghanistan affiliate (ISKP). In Tajikistan, a pro-ISIS group received around $2 million in USDT on Tron in its efforts to recruit fighters for ISKP, TRM’s investigation uncovered. Its team alerted the crypto exchange that it used to cash ou

This has resulted in a huge rush of investors looking to grab the WLD token in the early stage of the project. Just over the last hour of its listing on binance, the WLD token price is up by more than 60% and is currently trading at $2.97 with a market cap of $228 million. advertisement On Monday, several crypto exchanges including Binance, Huobi, Bybit, and OKX listed Worldcoin ’s WLD token. Worldcoin is a highly anticipated crypto project co-founded by Sam Altman, the co-founder of ChatGPT. Huobi and Bybit have already listed the WLD token, offering options for both deposits and trading. Bybit will enable withdrawals on Tuesday at 10 a.m. UTC, and OKX will do the same. Huobi users can trade the spot WLD /USDT pair, while Bybit has also made the WLD /USDC pair available for trading. Sam Altman: AI Fervour Would Boost Worldcoin Worldcoin is an eyeball-scanning crypto project that uses a device called an “orb” to scan people’s eyeballs and in turn, generate

Join Our Telegram channel to stay up to date on breaking news coverage The US Army and the US Department of Defense recently requested information on tools that could be used for tracking cryptocurrencies. The tools must be used to enable US government agencies to investigate the source of crypto transactions in more detail. A government interested in tracking crypto transactions The US government website recently published a request for information (RFI) from the US Army and US Department of Defense on July 10. The RFI seeks “cryptocurrency investigative web-based application.” According to the notice, the information submitted to the RFI will be voluntary in nature. The US Army Contract Command- New Jersey (CC-NJ) which is located in Fort Dix, NJ is currently surveying the markets for potential contractors. These contractors should be able to provide one lienee for one user of a cloud and web-based application that is capable of helping law enforcement identify bad actors i

McDonald's Hong Kong has picked The Sandbox to build its first Web3 experience, the McNuggets Land. McDonald's Hong Kong has picked The Sandbox to build its first Web3 experience, the McNuggets Land, a virtual world dedicated to celebrating Chicken McNuggets' 40th anniversary.  The experience takes users to a virtual store, with a hidden factory and a tour through the history of the chicken snack, allowing gamers to play and complete quests to win rewards, such as the metaverse utility token SAND, which is used to purchase virtual goods and customize avatars on the platform. Hong Kong users can also win 365-day free Chicken McNuggets coupons for redemption at the chain's restaurants. To join the virtual world, users only need an email address. Chicken McNuggets characters created by Hong Kong-based metaverse studio Pangu by Kenal. Source: The Sandbox. Metaverse experiences have emerged as a tool for brand-building strategies in the past few years, allowing companies to

Chainlink isn’t known for its big price gains, however currently, it’s experiencing strong momentum with positive growth in various aspects. In the last 24 hours, the LINK trading volumes have surged by over 787%. As a result, the Chainlink (LINK) price has jumped to its 3-month high. On-chain data provider Santiment reported: advertisement Chainlink is the #3 trending topic in #crypto after an impressive +20% day, returning to its highest price ($8.34) in 3 months. Thursday had $347.72M in $LINK on-chain volume, the largest of 2023. #FOMO could be the only obstacle holding it from $10. Courtesy: Santiment Chainlink Whale Accumulation For a long period of time, the Chainlink (LINK) price has largely consolidated in the range of $6-$8, which has also served as the accumulation zone for investors. Now, the recent surge in trading volumes hints at the increased interest among traders and market participants. In addition to the increasing trading volumes, t

GBTC’s share in total ARKW’s holdings accounted for around 7.5%, roughly the same amount as Tesla, in Q2 2023, while Coinbase was the biggest allocated asset, accounting for nearly 9%. Digital currency investment product, Grayscale Bitcoin Trust (GBTC), was one of the best performers at Cathie Wood’s ARK Invest in the second quarter of 2023. According to ARK’s latest quarterly ETF report published on July 19, GBTC was one of the top contributors to the success of its ARK Next Generation Internet exchange-traded fund (ARKW) in Q2. According to the data, GBTC was one of the top five drivers of ARKW’s growth of more than 9% in Q2, alongside other top performers like Tesla, Shopify, Unity Software and Draftkings. Ranked in fifth place, Grayscale accounted for 108 basis points at ARKW, while the top asset, Tesla, amounted to 232 basis points, the document notes. ARKW’s best and worst performers in Q2 2023. Source: ARK Invest ARKW is one of the leading ETFs operated by ARK in terms of yea

The Polygon (MATIC) network has experienced significant growth and development since its establishment. Over the years, the project has formed valuable partnerships with renowned companies, showcasing its progress. Recently, the Polygon team made an announcement regarding the forthcoming release of Polygon 2.0. This upgrade aims to reimagine different elements of the network, including tokenomics, protocol architecture, and governance. The blueprint for Polygon 2.0 promises a comprehensive set of upgrades to enhance the overall functionality and efficiency of the network. Also read: Polygon Unveils Details of Polygon 2.0 Now, according to the latest details that surfaced, Polygon Labs developers have proposed restructuring the governance mechanism. Source: Medium Polygon developers propose the creation of multiple layer-2s Details from the proposal unveiled that it seeks to create multiple layer-2s on the network. Additionally, the developers stressed that the new structu