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For masterminding a $100M crypto fraud scheme, the U.S. Securities and Exchange Commission (SEC) stated Monday that it had filed an “emergency action” against Miami investment advisor BKCoin and one of its owners, Kevin Kang. “It successfully obtained an asset freeze, the appointment of a receiver, and other emergency relief,”
A debtor subsidiary of the FTX conglomerate, Alameda Research. Has filed a lawsuit against Grayscale Investments in the Delaware State Court of Chancery, the company stated today. Thus, adding a fresh wrinkle to the ongoing bankruptcy battle. Further claims were filed by the FTX Debtors against Grayscale CEO Michael Sonnenshein,
Fraudulent crypto mining operations are in no way escaping the regulatory radar of the US Securities and Exchange Commission (SEC). On March 3, SEC filed a lawsuit against Utah-based crypto mining firm Green United LLC for raising over $18 million in a fraudulent sale of crypto mining equipment and assets
On Monday, authorities in Singapore announced that they had opened an investigation into Terraform Labs Pte, the firm co-founded by South Korean national Do Kwon. Terraform Labs is now operational in Singapore, with the number of active projects rising steadily. On March 6, Bloomberg reported that the Singapore Police had
Bitcoin’s proof-of-work consensus mechanism has been the subject of criticism for years. It was said that the BTC mining process was hazardous to the environment since it required a lot of energy. Others have also speculated that it might have an adverse effect on the availability of various forms of
In an effort to “reinvent” the online entertainment sector. Crypto casino Roobet announced on March 1 that it has partnered with legendary rapper Snoop Dogg. Roobet claims that the partnership with Snoop Dogg would “shake up the industry and bring players a one-of-a-kind gaming experience.” Because of the rapper’s extensive
President Nayib Bukele of El Salvador introduced legislation on June 5, 2021, that would recognize Bitcoin as legal money in the country. Since then, El Salvador has been the pioneer in officially recognizing Bitcoin as a legal tender. That was the first time in history that a government had officially
While the ‘SHIB Army’ awaits Shiba Inu’s much-anticipated layer-2 blockchain “Shibarium” launch, Pawswap, the decentralized exchange (DEX) built on Shibarium, announced its burn portal “PAWBURN”, which is planned to launch next week. Dear #PAWFAMILY, expect amazing things coming next week!#pawswap $PAW pic.twitter.com/tr9QXVzxgJ — Pawswap – The Shibarium DEX (@PawShibarium) March
Shiba Inu ecosystem continues to sustain its trending spot in the crypto sector. The memecoin’s fandom, ShibArmy, is locked with the anticipation of significant upgrades – SHIB The Metaverse’s preview, and Shibarium beta launch date’s reveal through its sequential blog release. Currently, SHIB: The Metaverse’s premier at the VR/AR exhibition
Earlier today, PancakeSwap, a multichain Dex platform, announced the release of its third version, dubbed PancakeSwap v3. The application launch on Binance Smart Chain (BSC) is scheduled for the first week of April. Accessible via a streamlined interface, the updated software will provide users with a number of useful new
