NFT News Official TheBitTimes.com

The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against William Koo Ichioka, for de fraud ing around 100 users , including crypto asset holders , of more than $21 million .  The fraudulent scheme According to the CFTC’s report, Ichioka, a resident of New York City, operated a fraudulent scheme from 2018 to November 2021 called the Ichioka Ventures.  During that time, he solicited tens of million s of dollars from individuals, with a promise to trade digital asset commodities such as bitcoin (BTC) and ethereum (ETH), as well as engage in Forex utilizing the Ichioka Ventures commodity interest pool. You might also like: CFTC approves Cboe margin crypto futures The investment was supposed to be short-term, having a 10% return on investment after every 30 days. Participants in Ichioka’s venture pool were also assured that their funds could be withdrawn easily, or reinvested.  However, Ichioka didn’t keep to his promi...

Investors in Pepecoin (PEPE), the meme Crypto currency du jour, have started a Twitter war against Crypto exchange Coinbase after its newsletter warned of its volatility and associations with the alt-right. On Wednesday, Coinbase pointed to the surge in interest in memecoins — not seen since the cryptocurrency bull run of 2017 — in its weekly newsletter. It warned that these often volatile projects are bad long-term investments and can even be a rug-pull. What’s more, the surge in trading has contributed to exorbitant gas fees on Ethereum. “PEPE, which was issued around three weeks ago with a comically huge supply of 420 trillion tokens, has been leading the memecoin activity,” read Coinbase Bytes . “The token is based on the Pepe the Frog meme, which first surfaced on the internet nearly 20 years ago as a comic-strip character. Over time it has been co-opted as a hate symbol by alt-right groups , according to the Anti-Defamation League (ADL).” Pepe the Frog was cr...