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The U.S. Securities and Exchange Commission (SEC) stated that FTX’s native token, “FTT was Offered and Sold as an Investment Contract and as a Security.” The claim was made by SEC in a lawsuit filed against the FTX executives Caroline Ellison and Gary Wang on 21st December 2022. According to
On Tuesday, Twitter CEO Elon Musk introduced a new Twitter feature exclusively dedicated for investors, traders, financial experts, and organizations. With the new Cryptocurrency feature, users can look for the price of Bitcoin (BTC) and Ether (ETH) by simply typing their names or tickers into the search bar. Users can
U.S. Attorney Damian Williams said on December 21 that FTX Co-founder and former CTO Gary Wang and former Alameda Research CEO Caroline Ellison. And they have pleaded guilty to charges related to the collapse. And both are collaborating with the law, according to Williams. The SEC stated in a separate
The year 2022 couldn’t be denied that it has indeed been tough. Though the end for the year is near, yet tragedy never fails to keep out of the crypto industry. As we are in the last quarter of the financial year 2022, statistics for the year 2023 are in
Shaktikanta Das, the Governor of India’s central bank, The Reserve Bank of India (RBI), has issued a cautionary statement regarding cryptocurrencies. On Wednesday, the RBI governor declared that private cryptocurrencies will create the next financial catastrophe. He added that he still believes in the need for cryptocurrency regulation. Shaktikanta stated:
Numerous companies operating in various subsets of the cryptocurrency industry have failed this year. Multiple well-known businesses, including blockchain development firms, crypto lending platforms, and leading exchanges are feeling the heat. It has been reported that Core Scientific, formerly the leading Bitcoin mining firm, is now on a downward spiral.
Celsius Network, the bankrupt crypto lending company, has attracted 30 possible bids for its different assets, including its retail platform and mining businesses. According to a company presentation filed on Tuesday, more than 125 parties have approached since September. Also, 30 prospective bidders have signed non-disclosure agreements. As per Celsius,
Though the year 2022 is nearing its end, the aftermath is ought to be seen throughout the year 2022. The American Bitcoin (BTC) mining firm Greenidge, seems to be the latest tragic firm to nearly shut down itself, filing bankruptcy in the year 2022. Ever since Greenidge started off their
If 2021 was all about NFT technologies, 2022 was about the Metaverse. We’ve never had so much news, media attention, and new projects launching into the space. While interest was certainly piqued for the public, private publications have continued to focus on this new digital world. Yet, despite the attention,
Twitter Inc. will limit voting on significant policy decisions to paying Twitter Blue customers, according to Elon Musk, in one of his first tweets following a poll asking for his resignation. The billionaire leader had earlier asked Twitter users if they thought he should stand down and promised to put all
