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 …
Bitcoin
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 …
The US vs. crypto. The US SEC has decided a duck is a duck even if it sometimes barks. I.e., a crypto token is a security, even if it sometimes has utility Crypto exchanges’ attitude of we’ll keep doing what we want regardless is now catching up with them, as the SEC is trying to …
A standard week in crypto. The SEC is going after Binance. With 136 pages of pretty spectacularly scathing allegations. At least the person writing the court docs has a sense of humour. Meanwhile, US lawmakers are fighting for regulatory clarity, whilst the UAE is just pressing on and making itself as welcoming as it possibly …
Hong Kong is getting ahead, set to announce retail crypto trading under new rules coming in on June 1st. Crypto companies are flocking there, signalling their interest to register for licenses. China is going all in on the Metaverse. And even the World Economic Forum is weighing in on the need for clear- or any- …
Crypto should be regulated like gambling, UK lawmakers say, pretty much everyone else disagrees. The Secret Service owns crypto, loves blockchain and has its own NFT collection. Tether holdings claims it’s doing well but just pulled $4.5 billion out of banks, whilst trying to prove what Tether’s USDT stablecoin is backed by. DCG has missed …
A leaked memo reveals plans for a US crackdown on crypto, as crypto exchanges are questioning – and challenging- the legals of the US government’s stance on crypto. More FTX ties to paying politicians are coming out. Binance is leaving Canada, blaming new regulation that it says makes it unfavourable to stay there, as the …
While Atari’s classics captivated us with their simple yet addictive gameplay, and Tekken brought the realm of fighting games to life with its stunning visuals and intricate combat mechanics, blockchain games like Axie Infinity and Pegaxy introduced us to the concept of P2E gaming, where players can actually earn cryptocurrency by participating in the game. …
A video has gone viral showing how anyone can create a crypto memecoin. In less than 27 seconds. Scary. This explains how the existing thousands of joke coins exist, and how we can realistically expect an influx of more. In many ways crypto hasn’t matured since the 2017-ish initial coin offering bubble. The world’s governments …
The crypto industry is ‘at war’ with US SEC Chair Gary Gensler and friends, who just faced a difficult hearing where they were accused by US representatives of “nonsensical” punishment of crypto companies and “overly aggressive” rulemaking, amongst other things. They’ve certainly had more success in driving good companies away than in stopping scams. It …
The EU has approved the most expensive, and clear, crypto regulation yet. This is great! The industry and the EU will benefit. Meanwhile the UK is being rapidly left behind, as is the US. The US SEC is facing mounting criticism for its stick and stick ‘bad policy’ approach to crypto regulation, and US crypto …
