More fallout from FTX, the founder of exit-scam crypto exchange Thodex jailed for 11,196 years, and G20 leaders are looking how to info share on crypto Founder of failed crypto exchange Thodex jailed for 11,196 years for exit scam If you’re going to exit scam a crypto exchange, don’t do it in Turkey. The founder …
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FTX is still affecting the industry FTX crypto lesson 101: don’t use fiat to steal from customers and buy yachts with their money FTX debtors have disclosed financial statements showing what its executives bought themselves shortly before the exchange’s collapse in November 2022. This included several tens of millions of dollars in cash payments and …
Stablecoins are a type of digital asset that has gained popularity with the growth of cryptocurrencies. These stable digital currencies, known as “stablecoins,” are linked to a dependable asset, typically the US dollar, to maintain a steady value. In this analysis, we will carefully explore USDT and USDC, two of the most commonly used stablecoins …
Deciding which security is worth to invest is always complicated because this process requires time for research and some knowledge of how various markets work. The level of difficulty is especially high in the crypto sector, where unexpected overnight changes can rock the entire industry and devalue all your previous decisions. Nevertheless, it doesn’t mean …
A new report on FTX is out detailing how SBF and co spent customer funds and how SBF is (reportedly) paying his lawyers (with customer funds), eyeball scanning Worldcoin is out, and other shenanigans. New FTX report shows further details of misappropriated funds. FTX Sues Sam Bankman Fried and Former Executives As usual, a new …
The South African Reserve Bank (SARB) is keen on launching its own digital currency, but the central bank remains cautious, preferring to learn from others’ experiences first before fully embracing it. South Africa’s Reserve Bank is interested in launching its own digital currency, opting to be a ‘fast follower’ in the crypto market, learning from …
With Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Litecoin, Solana, Tron, and Polygon prices booming, the crypto market could be poised for a $30 trillion injection if the U.S. Securities and Exchange Commission (SEC) approves the flurry of Bitcoin exchange-traded fund (ETF) filings. Bitcoin, Ethereum, and other top cryptocurrencies could see a $30 trillion influx of …
Alex Mashinsky, founder of now-bankrupt crypto firm Celsius, is arrested and charged with defrauding customers and lying about the firm’s business model. Alex Mashinsky, the former CEO and founder of the now-bankrupt crypto firm Celsius, has been arrested on fraud charges, including wire fraud, commodities fraud, and manipulation of securities prices. Celsius, founded in 2018, …
Ripple scores a partial win over SEC; institutional sales of XRP deemed a no-no, but programmatic sales get a green light. The court ruled that Ripple’s institutional sales of XRP tokens violated federal securities laws, but their programmatic sales did not. This brought some much-needed clarity to crypto regulations, even as the question of what …
Crypto.com now supports on-chain staking, enabling clients to tap into rewards offered by certain proof-of-stake networks. Singapore-based Crypto.com now supports on-chain staking of cryptocurrencies including Ethereum, Solana, and Polkadot. Users can earn dividends for validating transactions, with no mandatory lockup period. The exchange also recently discontinued its institutional service in the U.S., citing decreased demand. …
A messy week in crypto with regulators cracking down on Binance; a crypto data platform doxxing its users and a law suit, a rug pull and fraud in crypto is down… Regulators are cracking down on Binance after years of profits without consequences and its execs, and employees, are leaving… Binance under increasing pressure from …
This week in crypto: Crypto and stablecoins regulations pass into law in the UK Crypto custody is having a bad month. Custodian Prime Trust didn’t custody its customers’ crypto assets and is the first custodian to collapse Germany’s regulator has rejected Binance’s crypto custody licence request FTX bankruptcy team are burning through money, quickly Are …
A new FTX report is out that is as bitingly scathing as we have come to expect from an FTX report. Binance is in the news again. Other crypto companies are acting like crypto companies. And central banks and governments are wanting to control money and populations. FTX spent customer funds on cartoon, book about …
The experts and professionals are doing a lot of discussions about the reasons behind involving Bitcoin, the online psychological and wellness thing, which is also very important. In today’s time, everyone is so stressed about everything because many incidents happen at a similar point, which makes the person very stressed. There are reasons behind involving …
This week’s biggest news in crypto: A more tumultuous week than usual for Binance. It’s bye bye UK (on Binance’s request, allegedly), bye bye the Netherlands, and things not looking great in France or the US. Wyre is the latest crypto platform to shut due to the ongoing bear market Do Kwon, co-founder of the …
