By Chayanika Deka A federal jury has convicted Las Vegas businessman Brent C. Kovar of defrauding at least 400 investors of $24 million through a crypto investment scheme. Kovar owned Profit Connect, a Las Vegas-based company that operated from late 2017 through July 2021 and claimed to use artificial intelligence software on a supercomputer to […]
Tag: FDIC
By Chainwire [PRESS RELEASE – GEORGE TOWN, CAYMAN ISLANDS, May 27th, 2026] Issued by Anchorage Digital Bank, N.A., the first federally-chartered crypto bank in the U.S. with reserves under OCC supervision and attested monthly by Deloitte The GENIUS-ready stablecoin will launch on Ceffu’s institutional infrastructure with a rewards structure: qualifying institutional holders share in the […]
By Bridgit Murphy In a crypto landscape that’s getting increasingly split between centralized exchanges and decentralized (DeFi) protocols, Figure Markets emerges as a hybrid solution designed to bridge both worlds. The platform is launched as part of the broader Figure Technology Solutions, Inc. (“Figure”) ecosystem and is aimed at combining elements of traditional finance (TradFi) […]