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Ex-LA Sheriff’s Deputy Pleads Guilty to Extortion Scheme With ‘Crypto Godfather’

Michael David Coberg, a former Los Angeles County Sheriff's deputy, has pleaded guilty to conspiracy to commit extortion and conspiracy against rights for collaborating with Adam Iza, labeled a 'Crypto Godfather.' The two orchestrated a scheme involving armed extortion, staging drug arrests with planted narcotics, and abusing police authority to intimidate victims. Coberg, who profited significantly from these illegal activities, used his position to interrogate victims and facilitate false arrests. He faces a potential sentence of up to 20 years in prison for extortion and 10 years for conspiracy against rights. Meanwhile, Iza has been in federal custody since September 2024 and has already pleaded guilty for his part in the criminal operation, which involved funneling illicit payments to law enforcement officers. This case highlights the severe issues of corruption and abuse of power within law enforcement, particularly when off-duty officers engage in unlawful activities. Coberg is scheduled for sentencing in February 2026, with prosecutors emphasizing the dangers of law enforcement officers misusing their authority for personal gain.

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Deutsche Börse, Circle to Integrate Stablecoins Into European Market Infrastructure

Deutsche Börse has signed a memorandum of understanding with Circle to integrate regulated stablecoins, specifically USDC and EURC, into Europe’s financial market infrastructure. This initiative is facilitated by the EU’s new regulatory framework, MiCAR, which took effect in June 2024. The collaboration will enable trading, settlement, and custody

XRP ETFs 2025: Why Wall Street’s Dark Horse Could Surprise Everyone

The rising interest in XRP as a viable candidate for exchange-traded funds (ETFs) comes amid changing regulatory landscapes, particularly after a US court ruling in July 2023 deemed XRP not a security in secondary markets. Currently, seven XRP ETF applications are under SEC review, a significant development as major asset

Societe Generale’s Crypto Arm Deploys Euro and Dollar Stablecoins on Uniswap, Morpho

Societe Generale’s digital asset subsidiary, SG-FORGE, has officially launched its euro (EURCV) and dollar (USDCV) stablecoins on decentralized finance (DeFi) platforms, enabling borrowing, lending, and trading on Ethereum-based protocols. This move opens new avenues for clients to transact continuously with assets pegged to major currencies through smart contracts. Users

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