The coins were not secured by gold or even other valuable assets as claimed. CFTC also brought allegations against Crater and My Big Coin in 2018. It was stated on Thursday that My Big Coin Pay Inc. founder Randall Crater had been found guilty of crypto fraud by the United
July 24, 2022 1 min read
Morgan Stanley was preparing to acquire Bithumb for $441 million in March. FTX bought the Japan-based exchange Liquid early this year. According to a report from Bloomberg on Friday, cryptocurrency behemoth FTX is close to acquiring South Korea’s largest cryptocurrency exchange, Bithumb. According to those with direct knowledge of the
July 23, 2022 2 mins read
The technique predicts that each character will be different and surprising. Crypto Rabbits was the brand’s first collection of NFTs that was released in 2018. Blockchain’s decentralized and irreversible characteristics attract more businesses to use it in their new products. In a patent application, Xiaomi, a Chinese firm renowned for
July 23, 2022 2 mins read
Exchanges, including Upbit, Bithumb, and Coinone, were the targets of raids. Around 200,000 South Korean investors are thought to have invested in TerraUSD and Luna. Shocking revelations from South Korea have been pouring in after the fall of Terra-Luna. On Wednesday, Korean prosecutors raided seven cryptocurrency exchanges to see whether
July 22, 2022 2 mins read
Terraform Labs gained $94 M in the year 2019. Investigation happening over DoKwon regarding the TerraUSD collapse. A raid on the Seoul residence of TerraUSD co-founder Daniel Shin, according to a Bloomberg story quoting local media, has extended an investigation into alleged unlawful conduct around the algorithmic stablecoin TerraUSD (UST)
July 22, 2022 2 mins read
Players will significantly impact the platform’s “core capabilities.” After falling to $4.60 early Monday, APE surged to a high of $6.30. After Yuga Labs released a preview of their much anticipated Otherside Metaverse, ApeCoin looks to be on the rise. To give NFT holders a sneak peek into Otherside, the
July 19, 2022 2 mins read
Teneo released a 1,157-page court petition that included the numbers. 3AC filed for Chapter 15 bankruptcy on July 1 amid all the confusion. Three Arrows Capital (3AC), a crypto lending platform, owes Genesis $2.36 billion, according to court documents from Trustee Teneo. According to court documents, Genesis Asia Pacific Ltd.
July 19, 2022 1 min read
The former Ripple co-founder sent 1.1 million XRP, valued at $394,742.18. Jed left Ripple Labs in 2014 to co-found Stellar, a competing payment technology. It’s been eight years since Ripple Labs co-founder Jed McCaleb began dumping his XRP holdings, leaving him only 46.7 XRP in his wallet. XRP Scan, a
July 18, 2022 1 min read
AAVE’s effort to break above the flag trendline may face strong selling pressure. Aave is down 0.25% in the last 24 hours. AAVE’s bullish momentum may be running out of steam. The price of AAVE has more than doubled in a month. After touching a low of $45.60 on June
July 17, 2022 2 mins read
Bankruptcy proceedings have been halted, and client funds have been frozen. EquitiesFirst seems to be a creditor of crypto hedge firm Three Arrows Capital (3AC). EquitiesFirst, a single counterparty that owes Celsius $439 million, has been making monthly payments of $5 million to clear its debt with the company. Due
July 17, 2022 2 mins read
