On Friday, the US Department of Justice (DOJ) stated that Karl Sebastian Greenwood, an associate of “Cryptoqueen” Ruja Ignatova and the co-founder of OneCoin, had pled guilty to federal counts of wire fraud and money laundering in connection with the OneCoin scandal. U.S. Attorney Damian Williams stated: “As a founder
December 17, 2022 1 min read
Recently, the outcomes of Binance’s proof-of-reserves audit were made public, and blockchain analytics firm CryptoQuant used those results to publish a report. Since FTX’s demise a month ago, centralized exchanges have been under intense scrutiny. Binance receiving particular attention for its efforts to convince clients and investors that the exchange
December 16, 2022 2 mins read
The European Central Bank (ECB) joined the U.S. Federal Reserve and other central banks around the globe in taking action against inflation on Thursday by lowering the pace at which it is increasing interest rates. In an effort to combat the high costs that are weighing on consumers, the central
December 16, 2022 2 mins read
B. Riley, a provider of financial services, has extended an offer to Bitcoin investors. Core Scientific’s leading lender, B. Riley, revealed the details of the financing deal in a letter dated December 14 and said that the company was ready to finance the first $40 million “immediately, with zero contingencies.”
December 15, 2022 1 min read
To streamline the cryptocurrency purchasing process, PayPal is collaborating with the cryptocurrency wallet MetaMask. According to the joint statement, both organizations are looking at providing consumers with a variety of methods for moving their digital assets across platforms. A joint press statement was issued today by the two firms, announcing
December 15, 2022 2 mins read
Due to the FTX’s demise, another financial regulator stepped in. To safeguard its citizens’ savings, the Thailand Securities and Exchange Commission (SEC) is preparing to implement stricter rules on crypto assets in line with those of the international market. The SEC reportedly argued that authorities should take a more active
December 14, 2022 2 mins read
Core Mobile, a mobile version of Ava Labs’s flagship non-custodial multichain wallet, was released today. Ava Labs is the development firm behind the Avalanche blockchain. Moreover, Core Mobile, which will first debut on Android with iOS support scheduled for 2023, attempts to bridge the gap between the DeFi, NFT, and
December 14, 2022 1 min read
In an effort to avoid bankruptcy, crypto mining company Argo Blockchain has been seeking to “engage in an equipment financing transaction” and negotiate the sale of its assets, according to a company blog post. In a press release dated December 12, Argo Blockchain stated it was in “advanced negotiations” to
December 13, 2022 1 min read
Last week, Brian Armstrong, CEO of cryptocurrency exchange Coinbase, predicted that the company’s income for 2022 will be “50% or less” than that of 2021. COIN hit a new low of $39.65 at the start of trading this Monday. The price has fallen 60% from its all-time high of $98
December 13, 2022 1 min read
OKCoin Japan, a major exchange in the country and a branch of the global digital asset business OK Group, has announced that it would be listing Shiba Inu (SHIB) three days after first hinting at doing so. OK Group is a leader in blockchain technology development and service provision. OKCoin,
December 12, 2022 2 mins read
