Browsing: USA

Former JP Morgan Exec and Crypto Casino Founder Charged With Securities Fraud

Richard Kim, founder of Zero Edge, a defunct “crypto casino,” was arrested and subsequently released on bail in a federal securities fraud case. After an arrest on Tuesday, Kim posted a $250,000 bond using $100,000 in cash as collateral. Before Zero Edge, Kim had an esteemed career at major institutes like JP Morgan and Goldman Sachs. The Southern District of New York (SDNY) is hearing this case. How Richard Kim’s Crypto Casino Collapsed Before everything fell apart, Richard Kim was ostensibly a successful crypto entrepreneur. A former executive at Galaxy Digital, an attorney, and an elite trader, he left in March 2024 to found Zero Edge. This “crypto casino” would bring classical gambling onto the blockchain, according to a recent court document: “In particular, Kim represented to prospective investors that Zero Edge would ‘develop a number of onchain games,’ beginning with craps, and operate both a ‘free to play / social casino version of the game’ in which players could win virtual currency, as well as a r

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Bitcoin Eyes Breakout above $90,000 as Dip Buyers and Derivatives Traders Fuel Momentum

Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee to see what experts have to say about Bitcoin’s (BTC) price outlook. Key investment strategies are driving the next directional bias for the pioneer crypto. Is a $90,000 Breakout Imminent for Bitcoin? Crypto markets continue to reel from Trump-infused volatility, which weighs heavily on investor sentiment. Traders and investors are bracing for macroeconomic headwinds that continue to temper modest gains. Among them is Trump’s tariff chaos, which provoked China’s retaliatory stance. Adding another layer of complexity to the US crypto news, Federal Reserve (Fed) chair Jerome Powell ruled out a near-term rate cut, citing economic uncertainty and risks from trade policy. Reports also indicate that China is liquidating seized cryptocurrencies through private firms to support local government finances amid economic struggles. The macro context also includes Jerome Powel

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MANEKI Rallies 333%, Bitcoin Joke Token MIM Follows

The crypto market is going nowhere at the moment, stabilizing instead of rallying or crashing. However, this is not stopping meme coins from noting extravagant rallies as displayed by MANEKI. BeInCrypto has analyzed two other meme coins that, while not experiencing explosive growth, are still generating enough market movement to make them important assets to watch. MAGIC•INTERNET•MONEY (Bitcoin) (MIM) Launch Date – February 2025 Total Circulating Supply – 21 Billion MIM Maximum Supply – 21 Billion MIM Fully Diluted Valuation (FDV) – $65.54 Million MIM experienced an eventful week with sharp rallies early on, followed by slight declines in the past few days. Currently trading at $0.003026, this meme coin has garnered attention due to its performance as a Bitcoin-based token. Despite recent declines, MIM has surged by 64% over the past week. The token’s unique positioning as a meme coin on Bitcoin adds to its intrigue, especially as meme coins expand into different blockchain ecosystems. This trend indicates gr

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Tariff Exemptions Set the Stage for a Taiwan Semiconductor Rally

It’s no secret that volatility has been the name of the game in the stock market over the past couple of weeks. President Trump’s announcement of new trade tariffs spooked investors, as uncertainty surrounding the future of economic activity and growth targets has become cloudy at best. However, even in the midst of all this…

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