What Happened Last Week in the Crypto Markets

Krutika Adani

$5 Million Reward on Crypto Queen

The FBI has increased the reward on Ruja Ignatova, popularly known as the Crypto Queen, to $5 million. Ruja was behind the $4 billion scam involving OneCoin.

Push for Bitcoin Tax Payments

Florida Congressman Matt Gaetz has pushed a crypto-friendly bill allowing US citizens to pay taxes in Bitcoin.

Losses From Crypto Scams Surge 113% in Q2

Despite having relatively low numbers of crypto hacks and scams in the first quarter of 2024, the second quarter saw a rise of 113% in losses due to crypto-related crimes.

No Mention of Crypto in Presidential Debate

Despite both sides defending their own crypto policies, neither US Presidential candidate mentioned crypto in their first presidential debate.

Ethereum ETFs Get Further Delayed

SEC Chairman Gary Gensler returned the S1 applications with more comments, which might delay the ETFs till mid-July.