A new class action lawsuit has been filed against Jump Trading, alleging that the company manipulated the price of the algorithmic stablecoin UST by buying large amounts of the token in an effort to drive its value closer to $1 while concealing this fact from investors. According to the class
May 12, 2023 1 min read
On Friday, billionaire Elon Musk announced that Linda Yaccarino will be taking over as Twitter’s chief executive officer. After Musk ousted the executive team in October 2022, when he took over the social media firm, this is yet another huge upheaval at the top of Twitter leadership. Musk has said
May 12, 2023 2 mins read
Tether Holding Limited, a stablecoin issuer, has announced that its reserves surplus has increased to $2.44 billion, a $1.48 billion up in net profit. Many digital assets had a dramatic gain in value during this time, which may be attributed to the general revival of the crypto market. Tether's Latest
May 10, 2023 2 mins read
With their recent testnet launch and hackathon, Venom has garnered a lot of attention, and now they’ve inked an MOU with the Kenyan government to establish a blockchain center in Kenya dedicated to the development of Web3 apps. The strategic agreement between the Venom Foundation and the Government of Kenya would
May 10, 2023 3 mins read
The Virtual Asset Regulatory Authority (VARA) of Dubai has given the next-generation cryptocurrency exchange MaskEX initial approval to start making plans to launch in the United Arab Emirates (UAE). The approval is a significant step for MaskEX, which has been working hard to increase its footprint in the Middle East and spread awareness
May 9, 2023 2 mins read
Since September 2021, crypto transactions and mining have been illegal in China. However, the prohibition has become more of a guideline in actual use. Since its introduction, crypto taxation has been a topic of discussion among Chinese officials. In addition, a judgement decided in 2022 made it clear that residents
May 8, 2023 1 min read
Fears of a Denial of Service (DoS) “attack” on the Bitcoin network were voiced on Crypto Twitter over the weekend due to a dramatic increase in transaction fees and unconfirmed transactions. In response to these concerns, several Bitcoin experts and pundits have sought to reassure their individual communities. According to
May 8, 2023 2 mins read
The Kommersant reported that seven placements of digital financial assets (DFAs) totaling roughly 1 billion rubles ($13 million) were done in Russia last month. While this market is currently relatively tiny. Big initiatives may be anticipated by the end of the year, according to experts cited by the business daily.
May 7, 2023 1 min read
Celsius Network, a cryptocurrency lending platform, has announced that certain customers will soon be able to recover their whole initial investments. Even though it has been almost a year since the company temporarily halted withdrawals. Users of Celsius who have only ever had their funds in custodial accounts were previously
May 7, 2023 2 mins read
The $279 million payout is the highest whistleblower award ever made by the U.S. Securities and Exchange Commission (SEC). Typically, the SEC will give between 10% and 30% of any fines collected that are more than $1 million. The whistleblower must disclose information that directly aids the SEC in imposing
May 6, 2023 1 min read
