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Crypto Founder Ordered to Pay $228 Million over Fake AI Ponzi Scheme
Crypto Founder Ordered to Pay $228 Million over Fake AI Ponzi Scheme

EminiFX founder Eddy Alexandre just lost a court battle over his fake AI exchange scam and must pay $228 million to his creditors. This represents the climax of a two-year legal battle. Several of EminiFX&#8217;s tactics are still notorious in 2025. He used fake promises of AI to lure investors, targeting NYC&#8217;s immigrant populations. Both &hellip; <a href="https://beincrypto.com/eminifx-scam-fake-ai-ponzi-scheme-guilty/">Continued</a>

BeInCrypto·2025/08/20 07:25
Bitcoin EMA50 Breakdown Signals Bearish Shift
Bitcoin EMA50 Breakdown Signals Bearish Shift

Bitcoin falls below its EMA50 daily level for the first time since April, signaling potential bearish momentum.EMA50 No Longer Holding as SupportWhat This Could Mean for BTC’s Next Move

Coinomedia·2025/08/20 07:00
Flash
  • 11:53
    ZK briefly surpasses $0.07
    Jinse Finance reported that according to market data, ZKsync (ZK) briefly surpassed $0.07 and is now trading at $0.06855, with a 24-hour increase of 94.4%. The market is experiencing significant volatility, so please manage your risks accordingly. Previous reports noted that Vitalik praised ZKsync's contributions to the Ethereum ecosystem.
  • 10:53
    HEALTH completes $2.5 million seed round financing, co-led by Gemhead Capital and Castrum Capital
    ChainCatcher reported that AI health technology startup HEALTH has announced the completion of a $2.5 million seed round, co-led by Gemhead Capital and Castrum Capital. Both institutions have long been deeply involved in the fields of AI, health technology, and Web3, demonstrating investors' strong confidence in HEALTH's new model for the health data economy. HEALTH was developed by the Roy Labs team and is committed to promoting the "Health-to-Earn" health economy through AI and blockchain technology. Its PULSE App has been launched globally, allowing users to earn through daily health activities (such as heart rate monitoring and activity tracking). The app has already surpassed ten thousand users worldwide.
  • 10:32
    Iran has become the world's fourth largest cryptocurrency mining center
    ChainCatcher News, Akbar Hasan Beklou, CEO of Tehran Province Electricity Distribution Company, stated that thanks to substantial electricity subsidies, Iran has become the world's fourth largest cryptocurrency mining center, but has also become a "paradise for illegal miners." It is reported that Iran's cryptocurrency mining industry is facing a widespread illegal mining crisis. Of the country's 427,000 active mining devices, more than 95% are operating without authorization, consuming over 1,400 megawatts of electricity, which puts enormous pressure on the power grid and threatens the stability of electricity supply.
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