Readers are encouraged to submit news tips to The Daily Beast. The submission process is straightforward and confidential. Tips can be sent through a dedicated online portal. This allows readers to contribute to The Daily Beast’s investigative journalism.
Donald Trump’s newly launched cryptocurrency, $Trump, rapidly gained a market cap exceeding $6.5 billion before settling around $4.7 billion. The coin’s launch coincided with a pre-inauguration “Crypto Ball” and features Trump’s companies holding 80% of the tokens, raising concerns about potential conflicts of interest. Disclosures state the coin is non-political, despite Trump’s plans to prioritize cryptocurrency as president-elect. The significant holdings by Trump’s companies have fueled comparisons to “pump and dump” schemes.
Caroline Ellison, former CEO of Alameda Research and a key figure in the FTX collapse, has begun serving her two-year prison sentence. Ellison, who cooperated extensively with prosecutors in the case against her former boyfriend and FTX founder Sam Bankman-Fried, pleaded guilty to charges related to the fraud that defrauded investors, lenders, and customers of billions of dollars. Though she could have faced decades in prison, Ellison’s cooperation led to a significantly reduced sentence, and she expressed deep remorse for her actions during her sentencing hearing. Ellison’s prison sentence marks a significant chapter in the unfolding saga of the FTX scandal, a case that exposed the vulnerabilities within the cryptocurrency industry and the potential for abuse by those in positions of power.
Colorado Pastor Accused of Pocketing $1.3M in Crypto Scheme Says ‘Lord Told Us To’
When I first heard about the Colorado pastor who was accused of pocketing $1.3 million in a crypto scheme and claiming that the ‘Lord told us to’, I couldn’t help but feel a mix of disbelief, disappointment, and frustration. It is disheartening to see individuals using religion as a shield to justify their deceitful actions and personal enrichment.
In his video update to INDXcoin followers, the accused pastor, Eli Regalado, stated that the Lord brought this cryptocurrency to him and instructed him to take it to his people for a wealth transfer.… Continue reading
John Q. Hosedrinker