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In a dramatic twist, the collapsed FTX cryptocurrency exchange finds itself at the heart of a brewing legal storm. According to a Bloomberg report, the prominent financiers and high-profile celebrity endorsers of the now-defunct platform are under the lens, facing potential consolidated class-action lawsuits. This wave of litigation comes after
Worldcoin, the crypto project co-founded by Sam Altcoin, the CEO of OpenAI, has successfully concluded a Series C funding round, raising a substantial sum of $115 million. 1/ We've led the $115M round of @worldcoin! Founders @alexblania and @sama are the perfect duo to scale a privacy-preserving identity protocol for
Increasing PoS use is indicative of a revolutionary change happening in the digital asset market. Polygon has been rather quiet this year, as discussions about Ethereum and layer 2s networks have dominated the field. Recent data, however, shows that the daily rate of new addresses established on it has increased.
As answers from the Multichain team are still needed, the biggest cryptocurrency exchange in the world, Binance, said on Thursday that it will temporarily ban deposits for certain bridging network tokens. Meanwhile, a number of reports have surfaced suggesting that Zhao Jun, co-founder, and CEO of Multichain, has disappeared and
The crypto ecosystem has encountered a notable decline, marking one of the most challenging days of the week. With a 1.4% drop over the past 24 hours, the market cap stands at $1.11 trillion. This decline in prices has triggered significant liquidation events on exchanges, resulting in a cumulative outflow
While the BRICS continue to drive down the dollar value, the U.S. is making a lot of noise with the upcoming election. In light of the current economic unrest, Florida Governor Ron DeSantis has taken a position in favor of cryptocurrencies by promoting pro-crypto policies as part of his 2024
Blur, a prominent NFT marketplace announced that the ETH borrowing platform unveils a groundbreaking feature that provides borrowers with greater flexibility in repaying their loans. Instead of the traditional requirement to repay the entire loan amount at once, borrowers can now make small, incremental payments over time. 1/ 🚨FEATURE ANNOUNCEMENT🚨
Binance, the world’s largest crypto exchange, has responded to the U.S. Treasury seizing $4.4 million and freezing accounts linked to North Korean crime. We are proud to have assisted US law enforcement in seizing $4.4M and freezing accounts linked to North Korean organized crime. Kudos to our law enforcement partners
To keep in line with other countries in the region. Japan is anticipated to enact additional anti-money laundering measures to better monitor crypto transactions. According to Japan Today on Tuesday, the country’s government plans to apply the new restrictions on June 1, which would see the implementation of what is
Class action litigation against NBA legend Shaquille O’Neal and his Astrals NFT project was announced on Twitter by web3 IP and corporate attorney Ariel Givner, Esq. She explained the lawsuit’s basis on Twitter. Noting that the plaintiffs claimed Shaq’s putative invention, the Astrals tokens, and NFTs, were unregistered securities. The
