The United States Department of Justice (DOJ) has arrested and charged an Ohio Man with $10 million crypto investment fraud. According to the official announcement, the defendant, Rathnakishore Giri, 27, presented himself as an investment manager specialising in Bitcoin (BTC) derivatives trading to defraud investors.

Bitcoin has not made any decisive moves in days as the asset remains stuck below $17,000. This is expected to an extent today, given the unusually low trading volumes.

Economist and gold bug Peter Schiff says bitcoin still has a long way to fall after the collapse of crypto exchange FTX. He also believes that $10K is the real price of bitcoin, warning that “The lion’s share of the selling has not even started yet.” 

The island country located in the Caribbean region – Saint Kitts and Nevis – plans to turn Bitcoin Cash (BCH) into an official payment method inside its borders by March next year.

Heather Morgan, known by her rapper name “Razzlekhan,” and her husband and co-defendant Ilya Lichtenstein, are accused of laundering $4.5 billion in stolen bitcoin. The story has taken another twist. A district court judge signed a protective order in the case, indicating it will involve “classified national security information” that can only be accessed by people with security clearance.

The most notable outcome of the FTX fallout has been the mass withdrawals of BTC and ETH from crypto exchanges into self-custody wallets as the debate on the dependability of centralization fires up. 

The Pantera Bitcoin Fund has bought $137 million worth of bitcoin according to Matthew Gorham, its Chief Operating Officer.

Joe Kelly, CEO of Bitcoin financial services outfit Unchained Capital, said the company will reduce its staff by “roughly 15%” as part of efforts to manage the business during the current crypto bear market.

Tim Draper, the billionaire founder of Draper University, has recently reiterated his bullish stance on the future of Bitcoin (BTC). He also explained why he remains resolute that BTC will surpass $250,000 someday.

One of the biggest factors differentiating Bitcoin (BTC) from fiat currency and most cryptocurrencies is the hard limit of 21 million on its total circulating supply. However, the demise of numerous crypto exchanges over the last decade has permanently taken out at least 5.7% (1.2 million BTC) of the total issuable Bitcoin from circulation.