1. Aussie crypto fund manager sentenced to 7 years for stealing $54M from investors.
2. Coinbase applies to trade crypto futures.
3. Vitalik Buterin makes list of Time magazine’s 100 most influential people in 2021.
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1.. Aussie crypto fund manager sentenced to 7 years for stealing $54M from investors
Stefan He Qin, the founder of two cryptocurrency hedge funds has been sentenced to more than seven years in prison after U.S. authorities found that he cheated investors out of $54 million,
A Sept. 15 statement from the U.S. Department of Justice (DoJ) announced that U.S. District Judge Valerie Caproni handed Qin a 90-month sentence for defrauding his investors out of $54 million.
The 24-year-old Australian owned and operated two cryptocurrency investment funds between 2017 and 2020 — Virgil Sigma and VQR, the latter of which was founded in February 2020.
2.. Coinbase applies to trade crypto futures
Top U.S. crypto exchange Coinbase has submitted an application to become a registered Futures Commission Merchant (FCM) with the National Futures Association (NFA).
Details are sparse, but according to the NFA website the pending application was submitted on Sept. 15 under the name “Coinbase Global Inc.”
Coinbase highlighted the move via Twitter on Sept. 16 and stated that “this is the next step to broaden our offerings and offer futures and derivatives trading on our platforms. Goal: Further grow the crypto economy.”
3.. Vitalik Buterin makes list of Time magazine’s 100 most influential people in 2021
Time magazine has named Ethereum co-founder Vitalik Buterin one of the most influential people this year, along with musicians, world leaders, activists, and others.
Appearing in the list of Time’s innovators for 2021, Buterin is named alongside Nvidia CEO Jensen Huang, Tesla CEO and Dogecoin (DOGE) proponent Elon Musk, and others.
In his profile on the Ethereum co-founder, Reddit co-founder Alexis Ohanian cited Buterin’s role in building the Ethereum network to a market capitalization of more than $400 billion and encouraging the development of decentralized apps and non-fungible tokens, or NFTs.