Regulators Ask Congress to Create New Rules for Cryptocurrencies

NEW YORK TIMES

Federal regulators say they urgently need more power from Congress to properly regulate stablecoins, a fast-growing type of cryptocurrency that they warn could result in bank runs, consumer abuse and payment snafus unless lawmakers act quickly, according to a report issued Monday by the Treasury Department. read more »

Squid Game crypto plunges to $0 after scammers steal millions of dollars from investors

CNN

A digital currency based off the popular Netflix series "Squid Game" is trading at $0 after its creators cashed out, effectively stealing an estimated $2.1 million from investors. read more »

Christian radio host sentenced to three life sentences for Ponzi scheme bilking millions from elderly listeners

NBC

A Texas radio host was sentenced to three life prison sentences Monday for a Ponzi scheme in which he bilked elderly listeners out of millions of dollars. read more »