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Two men from New York are accused of running a healthcare scheme that defrauded Medicare and Medicaid out of more than $100 million. The U.S. Department of Justice (DOJ) says it’s charging two men from Queens with masterminding a scam that stole $120 million from Medicare and Medicaid by submitting bogus claims. Authorities say Inwoo Kim and Daniel Lee conspired to use Kim’s businesses – a pharmacy and two social adult daycare centers – to pay illegal bribes and kickbacks to elderly Medicaid patients and Medicare beneficiaries. The pair allegedly convinced the seniors to file unneeded prescriptions at Kim’s pharmacy…

At 8:30 a.m. in New York, the world paused for the January U.S. inflation data, and it landed with a soft thud.Headline CPI printed +2.4% year over year, a shade under the +2.5% estimate that had been floating around ahead of the release. Core inflation, the version that strips out food and energy, rose 2.5% year over year, right on the expected line.On the month, prices kept moving at a pace that felt familiar. Headline inflation rose 0.2% in January, and core rose 0.3%, seasonally adjusted. It reads like calm, and it still carries a lot of texture when you…

In brief U.S. Treasury Secretary Scott Bessent said the passing of the Clarity Act would bring a calm to the markets amid Bitcoin’s recent volatility. Bessent called the current market reaction “self-induced” as some crypto firms (like Coinbase) stand against the current text of the bill. The bill has around a 62% chance of getting signed into law in 2026, according to prediction markets. The crypto market has been awash in volatility as Bitcoin and Ethereum have tumbled far from their all-time highs set last year.But if the United States government passes the Clarity Act, also known as the crypto…

In brief Trump Media’s Truth Social Funds applied for two new crypto ETFs centered on Cronos, Ethereum, and Bitcoin. The joint Bitcoin and Ethereum ETF will split exposure to the top assets via an expected 60-40 split in favor of BTC. Shares in DJT finished the day up around 0.8%, but are down nearly 39% in the last six months. Truth Social Funds, the “America first” exchange-traded funds (ETFs) issuer from Trump Media and Technology Group (DJT), filed Friday to launch two new ETFs centered on the performance of Cronos (CRO), Bitcoin, and Ethereum. The registrations for the Truth Social Cronos…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Efforts to advance the long‑anticipated crypto market structure legislation, known as the CLARITY Act, are running into renewed headwinds as Washington’s attention gradually turns toward the 2026 midterm elections.  Despite ongoing discussions at the White House and behind‑the‑scenes negotiations among lawmakers, banking and crypto industry leaders, the bill remains stalled, with bipartisan consensus still out of reach. Clock Ticks For Crypto Market Structure Bill  Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, cautioned that time is becoming a critical factor.  Speaking on…

Silent Link, a Bitcoin native SMS and mobile data company, has quietly grown into an international service provider for privacy-oriented users worldwide, at competitive rates. But how can a young company compete with the mobile data giants? Born from the Bitcoin industry, the brainchild of cypherpunk thought leaders like Matt Odell, Silent Link is a modern mobile data and SMS company that challenges the complicated and mediocre customer service of phone service providers around the world.A founding member of Silent Link, who asked not to be named, and thus we will call Bob, told Bitcoin Magazine in an exclusive interview…

In brief Bernstein analysts maintained a $440 price target for Coinbase. The exchange’s shares have tumbled nearly 50% in six months. The company’s Q4 performance fell short of Wall Street expectations. Coinbase’s fourth-quarter earnings fell short of Wall Street expectations on Thursday, but the price of COIN is surging Friday in the aftermath—and asset manager Bernstein says investors are overlooking the exchange’s resiliency.Despite being exposed to a volatile crypto market, Bernstein analysts led by Gautam Chhugani maintained an “outperform” rating for Coinbase in a Friday note. They reiterated a price target of $440 per share after lowering it from $510…

In brief A hacker wallet dormant since 2023 moved $3.85M in Ethereum from the Mixin exploit to Tornado Cash on Thursday. The Mixin exploit, which took place in September 2023, drained roughly $200M across multiple blockchains. Mixin plans a full repayment of $23M in MDTu tokens by September 2026. A wallet linked to the 2023 Mixin hack, which resulted in the loss of $200 million, has moved $3.85 million into a new wallet that then immediately sent the funds to coin mixer Tornado Cash.The first transaction in two years took place late Thursday night, as the Mixin Hacker wallet—which has…

CFTC Chair forms a new Innovation Advisory Committee packed with crypto, exchange, and prediction-market CEOsMost crypto traders barely think about the Commodity Futures Trading Commission until something breaks, a lawsuit hits, or a Bitcoin futures headline crosses their feed.In the popular mental map of US regulation, the SEC is the one staring at tokens, and the CFTC is the one that shows up around Bitcoin, usually around futures.Then the CFTC went and did something that does not fit that simple story.On Feb. 12, the agency announced a fresh slate of members for its Innovation Advisory Committee, a 35-person group that…

In brief Bitcoin bounced to above $69K after testing $60K lows, up 3.69% in 24 hours, but the daily chart shows strong bearish momentum. On Myriad, traders are pricing in 55% odds that Bitcoin touches $55K before recovering, reflecting persistent bearish sentiment. The Crypto Fear and Greed Index sits at 8—nearly an all-time low and in “extreme fear” territory. The crypto market is still in full panic mode. The Crypto Fear and Greed Index sits at 8 points—extreme fear territory—just barely above the all-time low of 5 hit on February 6.But even in a sea of red, there’s some hopium…

In brief The CEO of Binance France was the target of a home invasion attempt by three intruders, according to a local news report. The executive and his family are safe, and the three individuals were arrested later that day. Physical attacks for crypto, or “wrench attacks,” were on the rise last year with $41 million in confirmed losses according to CertiK. A trio of criminals attempted to rob the CEO of Binance France, but only made away with two cell phones before being arrested later that day, according to a local news report from RTL News. The report did not…

The U.S. Department of Justice (DOJ) is accusing a Minnesota man of draining millions of dollars from the government’s coffers. The U.S. Attorney’s Office for the District of Minnesota says it’s charging Caesar Munir Wilson for orchestrating a multi-million dollar tax refund fraud scheme that ran from 2022 to 2023. [adinserter block=”1″] Authorities allege Wilson filed more than $90 million in tax refund claims and conspired with others to submit additional returns. In total, prosecutors allege that the fraudulent claims shattered $350 million, with the U.S. Treasury Department shelling out over $19 million in undeserved tax refunds. Wilson allegedly used…

In brief A Connecticut man is facing up to 375 years in prison for allegedly gambling away crypto customers’ funds on Stake. Prosecutors say he misled clients by posing as a crypto investor working for a markets guru known as “The Chef.” The man pleaded not guilty this week to 21 wire fraud, money laundering, and false statements charges. A 24-year-old Connecticut man has been accused by federal prosecutors of taking almost a million dollars from would-be crypto investors and gambling away the funds online.The man, Elmin Redzepagic, allegedly marketed himself as a savvy crypto investor who earned high rates…