A district court in the United States has issued a default judgment ordering Ooki DAO to cease operations. Furthermore asked to pay a $643,542 civil penalty. In September 2022, the CFTC sued Ooki DAO for “unlawfully acting” as a futures commission merchant. And providing consumers margin and leverage trading services.
June 11, 2023 2 mins read
Staking in Terra Luna Classic (LUNC) has achieved a new record high of 1 trillion. Since last year, when a team of developers lead by professor Edward Kim introduced staking to Terra Classic, the community has been patiently waiting for this momentous accomplishment. Around a trillion LUNC, or roughly $100
June 11, 2023 2 mins read
Reserve Bank of India (RBI) Deputy Governor T. Rabi Shankar remarked on Thursday, June 8 after the monetary policy announcements that the RBI aims to reach one million users of the RBI’s digital currency, also known as the Digital Rupee. Keep in mind that the Reserve Bank of India (RBI)
June 9, 2023 2 mins read
Coinbase’s credit rating has been lowered by Moody’s from “stable” to “negative.” As a result of the SEC’s legal action against the cryptocurrency exchange for allegedly acting as an unregistered securities broker. Moody’s explained the cut on June 8 by saying it was worried about how the SEC action would
June 9, 2023 2 mins read
Sebastien Borget, co-founder and Chief Operating Officer of The Sandbox, addressed the effect of its SAND token possibly violating U.S. securities laws in response to the sensational lawsuits brought against two top crypto exchanges this week. This week, the United States Securities and Exchange Commission (SEC) increased crypto enforcement. Thus,
June 8, 2023 2 mins read
With the announcement of the imminent release of the Rocket Pond teaser, Shib is preparing to entice users with something special, giving viewers a look inside their spectacular metaverse trip. The official Twitter account made the announcement that Rocket Pond will be one of Shiba’s 11 centers in its virtual
June 8, 2023 2 mins read
The U.S. Securities and Exchange Commission (SEC) has been called for by the Third Circuit Court of Appeals to provide more explanation of its stance on a rulemaking petition submitted by Coinbase (COIN), a cryptocurrency exchange. Coinbase argued that the current regulations are not appropriate for digital assets, therefore in
June 7, 2023 2 mins read
The tech giant Apple disclosed the purchase of Mira, an AR company that produces hands-free, smartphone-powered headsets, only one day after unveiling its new VR product line, Apple Vision Pro. Mira CEO Ben Taft announced Apple’s newest purchase in a private Instagram post. Apple Vision Pro is presently priced at
June 7, 2023 1 min read
North Korea’s most renowned cyber-hacking organization has been linked to a cryptocurrency mixer where illicit proceeds from the $35 million Atomic Wallet attack have been circulating. Elliptic, a provider of blockchain compliance analytics, said on June 5 that its Investigations Team has linked crypto mixer Sinbad.io to the theft of
June 6, 2023 2 mins read
Due to rising concerns about the potential involvement of Genesis’ parent firm Digital Currency Group (DCG) in the lender’s reorganization, U.S. Bankruptcy Court Judge Sean Lane prolonged a mediation session between Genesis and its creditors during a Monday bankruptcy hearing. The original end date for the mediation session of May
June 6, 2023 1 min read
