According to reports, Yuzo Kano, co-founder of Japan’s prominent cryptocurrency platform BitFlyer, plans to return to the company’s helm as CEO. Finally, he hopes to lead the company to an IPO and end the conflict between the existing management and the shareholders. Bloomberg reports that the 47-year-old Japanese entrepreneur has
February 28, 2023 1 min read
Binance, the biggest cryptocurrency exchange in the world, has shifted its attention to the TrueUSD (TUSD) stablecoin. While regulators examine the Binance USD (BUSD). According to research conducted by Nansen, a cryptocurrency intelligence business. Binance has minted TUSD stablecoins worth over $130 million in the last week. Because of this,
February 28, 2023 1 min read
Almost $5 billion worth of BUSD stablecoins have been redeemed. Since Paxos stated on February 13, 2023, that it will no longer issue the dollar-pegged cryptocurrency BUSD. There were around 16.1 billion BUSD coins in circulation at the time of the announcement. But there are now only about 11,129,348,406 BUSD
February 26, 2023 1 min read
While the price of cryptocurrencies fell dramatically last year, the industry that mines them suffered greatly. Some well-known firms in the industry went bankrupt, while others were forced to lay off employees and close locations to stay competitive. Revenue for the Canadian cryptocurrency miner Hive Blockchain, which had been at
February 26, 2023 1 min read
A group of celebrities including Kim Kardashian, Floyd Mayweather, and others have asked a federal court in California to dismiss their revived case over EMAX. Magistrates dismissed a similar indictment against the accused in December of last year. It has been alleged that Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona
February 25, 2023 1 min read
Moving steadily towards a Mainnet Beta release in March 2023, Polygon’s (MATIC) zero-knowledge Ethereum Virtual Machine (zkEVM) is making progress. Due in large part to this monumental development, MATIC has seen its price rise dramatically over the last 30 days. Yet ETH whales have been discovered stockpiling MATIC in preparation
February 25, 2023 1 min read
Although both Shiba Inu and Dogecoin are still well behind their respective highs, they have both been trending upwards over the last week. Recent occurrences have kept both the popular meme currencies in the spotlight. Shiba Inu and Dogecoin are pitted against one another as competitors because of their relative
February 24, 2023 2 mins read
A complex international network of crypto call-center fraudsters, allegedly headed by Israeli organized crime kingpins, has been exposed as a major threat to Australian citizens. Australians were determined to be among the most targeted nationalities when Serbian, German, Bulgarian, and Cypriot officials conducted a massive raid on four call centers
February 24, 2023 2 mins read
U.S. Department of Justice (DOJ) confirms in a statement that four Forsage founders have been indicted on charges totaling more than $340 million. The authorities claim that Forsage operated using a Ponzi scheme–like system based on smart contracts. Indictments are handed out by grand juries. If prosecutors are able to
February 23, 2023 1 min read
Since the U.S. Securities and Exchange Commission’s (SEC) assault on crypto businesses, scrutiny of crypto players in the U.S. continues. In the latest development, an attorney from New York has filed a complaint with regulators over a cryptocurrency exchange. Global regulatory agencies stepped up their attempts to standardize crypto market
February 23, 2023 2 mins read
