Former Bank CEO Pleads Guilty to Embezzling $47M to Buy Crypto, Leading to Bank Collapse

Former Heartland Tri-State Bank CEO Shan Hanes pleaded guilty on Thursday to embezzling $47.1 million for personal cryptocurrency purchases, leading to the bank’s collapse. From May to July 2023, Hanes executed at least 10 wire transfers from the Elkhart-based bank to cryptocurrency accounts. The bank’s failure resulted in a total loss of equity for investors. […]

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Currency Exchange Rates

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PRICE Bitcoin exchange rate USD, BTC/USD, second by second Keep track of the most popular cryptocurrency rates. Our tool is easy to read and includes live updates on each of the top cryptocurrency rates. Powered by Investing.com CoinMarketCap Stay up-to-date on the Bitcoin exchange rate against the BTC / USD dollar, second by second, by obtaining detailed information in real-time on the current exchange rate of Bitcoin. It is known that the price of Bitcoin is very volatile, and there are many main factors that affect its price, most notably The principle of supply and demand that affects nearly everything about money and digital currencies. This page shows you the average Bitcoin price on major Bitcoin trading platforms, with updates second by second. Bitcoin Calculator: Convert Bitcoin to Dollar or Dollar to Bitcoin CurrencyRate.Today Bitcoin Price FAQ How is the Bitcoin price determined? Bitcoin price is determined by sellers specifying a monetary value for what they offer (...
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SEC Approves Grayscale’s Multi-Asset Fund, Green-lighting Exposure to Bitcoin, Ethereum, XRP, Solana, and Cardano

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In what analysts describe as a regulatory milestone, the U.S. Securities and Exchange Commission (SEC) has approved Grayscale’s Digital Large Cap Fund (GDLC) , making it the country’s first multi-asset crypto exchange-traded product to gain SEC approval. This fund includes exposure to Bitcoin (BTC) , Ethereum (ETH) , XRP , Solana (SOL) , and Cardano (ADA) . According to experts, the approval wasn’t just about approving a new product—it came alongside new generic listing standards for crypto ETFs, intended to streamline the formerly arduous regulatory process. Grayscale CEO Peter Mintzberg revealed via social media that GDLC will now trade on NYSE Arca under the ticker “GDLC,” giving retail and institutional investors alike regulated brokerage access to a diversified crypto exposure without managing individual wallets. Meanwhile, the SEC’s new framework reduces the barriers for products tied to digital assets, replacing case-by-case reviews under Section 19(b) with clear...
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Biden’s Regulators Urged to Work With Congress on Crypto Regulation

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A number of U.S. lawmakers have urged regulators, including the Securities and Exchange Commission (SEC), to work with Congress on crypto regulation. “Chair Gensler’s regulation by enforcement is unlawful and does nothing to protect consumers. It’s time for Biden’s regulators to work with Congress to provide clear rules of the road and robust consumer protections through legislation,” said the House Financial Services Committee. Lawmakers Urge Regulators to Work With Congress on Crypto Regulation After the U.S. Court of Appeals for the District of Columbia Circuit ruled in favor of crypto asset manager Grayscale Investments against the U.S. Securities and Exchange Commission (SEC), a number of lawmakers have urged regulators to collaborate with Congress on cryptocurrency regulation. On Tuesday, the Financial Services GOP posted on social media platform X: Chair Gensler’s regulation by enforcement is unlawful and does nothing to protect consumers. It’s time for Biden’s regulators...
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