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By Nate Raymond BOSTON (Reuters) – The founder of a cryptocurrency financial services firm pleaded guilty on Friday to U.S. charges that he participated in a wide-ranging scheme to manipulate the market for digital tokens on behalf of client companies. Aleksei Andriunin, the founder and CEO of cryptocurrency “market maker” Gotbit, and his company entered guilty pleas in federal court in Boston to charges that they conspired to commit market manipulation and committed wire fraud. The pleas by the Russian national and his company came less than a month after Andriunin, 26, was extradited from Portugal, where he had been…

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. Spencer Platt | Getty ImagesStock market corrections are commonFirst, there is some consolation for investors. Though they may feel painful, stock market corrections are fairly common.There have been 27 market corrections since November 1974, including last week’s market move, according to Mark Riepe, head of the Schwab Center for Financial Research. That amounts to roughly one every two years or so, on average.Most of them haven’t cascaded into something more sinister. Just six of those corrections became “bear markets” (in 1980, 1987, 2000, 2007, 2020…

Robert “Bo” Hines, executive director of the President’s Council of Advisers on Digital Assets, said that if the move to sell some of the gold in Fort Knox to buy Bitcoin remained budget-neutral, it could be considered. Hines made the remark while speaking to journalists Eleanor Terrett and Jacquelyn Melinek in an interview on March 21. Note that President Trump signed an Executive Order on March 6 to establish a Strategic Bitcoin Reserve consisting of BTC forfeited by federal agencies. The order also mentioned that the government will acquire any Bitcoin in the future through “budget-neutral” ways. During the interview,…

A sign for the U.S. Social Security Administration is seen outside its headquarters in Woodlawn, Md., on Thursday, March 20, 2025. Tom Williams | Cq-roll Call, Inc. | Getty ImagesA federal judge has temporarily blocked the Trump administration’s Department of Government Efficiency from accessing personal data at the Social Security Administration. In comments after the ruling, the agency’s acting commissioner Lee Dudek told Bloomberg that it may interfere with the SSA’s services.The Social Security Administration sends millions of benefit checks per month to retirement and disability program beneficiaries, both through Social Security and Supplemental Security Income.Judge Ellen Lipton Hollander on Thursday…

David Sacks, the United States Special Advisor on Artificial Intelligence and Cryptocurrency, met recently with Sheikh Mohamed bin Zayed bin Sultan Al Nahyan, the ruler of Abu Dhabi. On March 21, Sultan Al Nahyan, often referred to as MbZ, posted on X a picture of him meeting with Sacks, saying, “I explored with @davidsacks47, the Special Advisor on AI and Crypto, the transformative effects of artificial intelligence across various sectors, the expanding role of digital currencies in reshaping financial systems, and the investment opportunities emerging at their convergence.” He added “As technological advancements accelerate, fostering collaboration and adopting forward-looking strategies…

U.S. President Donald Trump delivers remarks with Defense Secretary Pete Hegseth (not pictured) in the Oval Office at the White House, in Washington, D.C., U.S., March 21, 2025. Carlos Barria | ReutersPresident Donald Trump said Friday that the Small Business Administration, instead of the U.S. Department of Education, would handle the country’s federal student loan portfolio.”We have a portfolio that is very large, lots of loans, tens of thousands of loans, pretty complicated deal,” Trump said, speaking to reporters in the Oval Office. “That’s coming out of the Department of Education immediately.””They’re all set for it,” the president said of the…

Tokyo-based Metaplanet is forming a strategic board of advisors with Eric Trump as one of the appointees, as the company continues to spur bitcoin (BTC) adoption, according to a press release on Friday. “We are honored to welcome Eric Trump as the first member of our Strategic Board of Advisors and look forward to welcoming him to our annual meeting,” said Simon Gerovich, Representative Director of Metaplanet Inc, in the release. “His business acumen, love of the Bitcoin community and global hospitality perspective will be invaluable in accelerating Metaplanet’s vision of becoming one of the world’s leading Bitcoin Treasury Companies.”…

PESHAWAR: Fraudsters have been found using a forged sponsor letter from the Khyber Pakhtunkhwa director general of sports in order to secure New Zealand’s visas for seven people posing as squash players and support staff. The issue came to light after the New Zealand consulate general took it up with the Pakistan Squash Federation, which formally reported it to the sports department, according to official sources. Details available with Dawn show that on Feb 7, a sponsorship letter on the letterhead of the KP directorate general of sports was sent to the New Zealand consulate general. The letter said that…

The value of all cryptocurrencies in circulation soared to a new high of $3.9 trillion in December, shortly after Donald Trump won the presidential election on Nov. 5. Since Trump campaigned on a pro-crypto agenda, investors immediately started pricing in the potential of friendlier government policies and lighter regulation, which could create value across the industry. XRP (CRYPTO: XRP), which was created by a company called Ripple in 2012, was one of the best performers last year with a whopping 235% gain. Bitcoin (CRYPTO: BTC) also logged an impressive return of 119%, further solidifying its position as the world’s largest…

LAHORE: The Pakistan Volleyball Federation will host two international events including an eight-nation Central Asian League and an U-19 series against Russia, besides holding the national championship this year, PVF chairman Chaudhry Mohammad Yaqoob said on Thursday. Speaking to Dawn, Yaqoob said that India was the first country, which had sent the entry for the league, followed by other countries including Iran, Kazakhstan, Kyrgyzstan, Uzbekistan, Turkmenistan and Sri Lanka. “We hope that all the countries will visit Pakistan to participate in this tournament, which will also help improve the Asian ranking of these countries,” Yaqoob said. The league will be…