Sat, October 3

Tron Founder Justin Sun Sued by the U.S. SEC

The Securities and Exchange Commission (SEC) accused Tron founder Justin Sun on Wednesday of orchestration of the unregistered offer and sale, manipulative trading. And unlawful touting of crypto asset securities.  Today we charged crypto entrepreneur Justin Sun and three of his wholly-owned companies for the unregistered offer and sale of

March 23, 2023 1 min read

Cathie Wood Sells Portion of Coinbase Shares Capitalizing 12% Price Surge

Shares in Coinbase (COIN) are being sold by Cathie Wood’s investment management company, Ark Invest, for the first time since July of last year. Cathie Wood claimed in October that Bitcoin will reach $1 million by 2030, prompting Ark Invest to begin a big purchasing frenzy of Coinbase shares. Concerns

March 22, 2023 2 mins read

Core Scientific to Hand Over $20.8M Worth of Hardware to Priority Power

Priority Power, a company that specializes in energy infrastructure, was given an order by the United States Bankruptcy Court for the Southern District of Texas to acquire around $20.8 million worth of mining equipment from Core Scientific. Two Texas mining facilities that were expected to generate 1,000 megawatts of power

March 22, 2023 1 min read

Ordinal Marketplace For Bitcoin NFTs Launched by Magic Eden

During the last two months, the popularity of “Bitcoin NFTs” has skyrocketed with the introduction of Ordinals, a protocol that enables users to digitally imprint media and text on the original blockchain, with over 500,000 such “inscriptions” having been produced already. Today, a major NFT marketplace on another chain is

March 22, 2023 1 min read

SushiSwap CEO Proposes Legal Defense Fund Amid SEC Serving Subpoena

The U.S. Securities and Exchange Commission (SEC) has subpoenaed SushiSwap and its CEO, Jared Grey, shocking the cryptocurrency market. The firm is in the midst of conversations with the financial watchdog. And has so far refrained from making any public comments related to the probe. Moreover, Jared Grey reported on

March 22, 2023 1 min read

Tether Treasury Moved 166M USDT to Binance

On March 21 Tether minted 1 billion USDT on the Tron Network. This follows the billions of stablecoin that it has minted over the last week. In the last seven days, Tether has minted 4 billion USDT.  Tether’s mintings have come as the stablecoin sector is facing increased competition, with

March 22, 2023 1 min read

Governor of Florida Calls For Ban on Central Bank Digital Currency (CBDC)

Ron DeSantis, governor of Florida, is the latest Republican leader to speak out firmly against the use of CBDCs in the United States. The governor has publicly called for a prohibition on CBDCs inside the state, denouncing them as instruments of financial surveillance. DeSantis, in a speech posted on Twitter

March 21, 2023 2 mins read

Gala Games Files $28 Million Lawsuit Against pNetwork

In a lawsuit filed on March 20th, Gala Games, developer of the GameFi project, said it had recently sued pNetwork, the cross-chain interoperability bridge it had been using on the BNB Smart Chain. When an illegitimate wallet address mined over $2 billion in GALA and dumped it on PancakeSwap in

March 21, 2023 1 min read

Amazon Announces Another Mass Layoff Affecting 9,000 Personnel

According to Bloomberg, Amazon has joined the recent wave of layoffs in the IT sector by letting go of another 9,000 workers today. Meta, Facebook’s parent company, has announced the layoff of an additional 10,000 workers, after the earlier dismissal of 11,000 staff. Amazon is just the latest IT company

March 21, 2023 1 min read

Mastercard Collaborates with Stables to launch Stablecoin Wallet

The leading global payment provider Mastercard is launching the Stablecoin wallet collaborating with the Australian stablecoin platform, Stables. On March 20, Mastercard announced the collaboration. And It’s an attempt to allow the retail customer to use the stablecoin transaction in the APAC region.  At the time of launch, Stables only

March 21, 2023 2 mins read