Posts published on October 6, 2024 go to media archive 2/2

Crypto Ponzi Leader Receives 121-Month Prison Sentence

David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class people with the lure of financial freedom…

Paypal Completes First Corporate Transaction Using PYUSD Stablecoin

Paypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in streamlining cross-border transactions, with…

Peter Schiff: Phony Economy Must Die or US Risks Financial Ruin

Economist Peter Schiff has warned that restoring a real economy requires letting the “phony economy” collapse, which would result in significant financial losses for many. However, he emphasized that the alternative is worse, as it…