The cryptocurrency trader accused of fraud in a $110 million allegation scam at Mango Markets has been detained in Puerto Rico. The scammer behind the exploitation of the decentralized trading platform is also charged with market manipulation and fraud by the prosecutors in New York. Avraham Eisenberg allegedly manipulated the
December 28, 2022 1 min read
Fidelity Investments, the U.S based financial services corporation, has set out to enter the metaverse industry. According to Mike Kondoudis, a trademark attorney, the platform has recently submitted a series of trademark applications for non-fungible tokens (NFTs), NFT marketplaces, metaverse investments, virtual real estate investing, and cryptocurrency trading services. This
December 27, 2022 1 min read
The U.S Securities and Exchange Commission (SEC) is attempting to keep the notorious “Hinman Speech” documents, connected with the Ripple case. According to a recent report, the SEC has requested that the Hinman documents be sealed, alleging that they do not have relevance to the court’s summary judgment ruling. The
December 26, 2022 1 min read
Let’s take a look at the top 5 cryptocurrency gainers of the past 24 hours. The Graph (GRT) The Graph (GRT) is the native token of The Graph, a decentralized indexing and query protocol. GRT was launched as an ERC-20 token in 2020. According to CoinMarketCap (CMC), The Graph is
December 26, 2022 3 mins read
Elon Musk, the CEO of Tesla, claims that he will not sell any more Tesla stock shares for around two years. During a Twitter Spaces audio chat held on Thursday, Musk disclosed that the economy will be in a severe recession in 2023, with decreasing demand for big-ticket items. Elon
December 23, 2022 1 min read
The global cryptocurrency market is constantly maintaining a gloomy trend in recent days. Despite the current market conditions, the leading cryptocurrencies are experiencing an unstable price momentum, with their values fluctuating. However, the top coins have seen a slight increase in the last 24 hours. According to CoinMarketCap (CMC), the market’s
December 23, 2022 2 mins read
Bitcoin (BTC), the dominant cryptocurrency in the global crypto market, typically lags significant stock market bottoms. According to Delphi Digital, a digital assets research platform, Bitcoin tends to bottom out at least six weeks before the Standard & Poor’s 500 Index (S&P 500 Index), a stock market index tracker. According
December 22, 2022 2 mins read
Let’s take a look at the top 3 cryptocurrency gainers of the past 24 hours. Helium (HNT) Helium (HNT) is the native utility token of Helium, a blockchain-powered network for the Internet of Things (IoT) devices. The HNT acts as a medium of trade between the Helium ecosystem’s two key
December 22, 2022 2 mins read
Shaktikanta Das, the Governor of India’s central bank, The Reserve Bank of India (RBI), has issued a cautionary statement regarding cryptocurrencies. On Wednesday, the RBI governor declared that private cryptocurrencies will create the next financial catastrophe. He added that he still believes in the need for cryptocurrency regulation. Shaktikanta stated:
December 21, 2022 2 mins read
Celsius Network, the bankrupt crypto lending company, has attracted 30 possible bids for its different assets, including its retail platform and mining businesses. According to a company presentation filed on Tuesday, more than 125 parties have approached since September. Also, 30 prospective bidders have signed non-disclosure agreements. As per Celsius,
December 21, 2022 1 min read