Thor Technologies and its CEO, David Chin, have been accused of violating the Securities Act of 1933 by the United States Securities and Exchange Commission (SEC), which has filed a complaint against the company and its leaders. The ICO that Thor held in 2018 involved the sale of digital tokens
Amid the ongoing depeg of stablecoins in the past and present. Along with several collapses of crypto firms, regulators around the globe are looking for legislation to regulate the crypto sector. Pennsylvania Senator Pat Toomey is leaving office this month. The Senator discreetly proposed new cryptocurrency legislation a week after
In a recent update, the widely used cryptocurrency wallet MetaMask stated that it will begin supporting Layer 2 networks like Arbitrum and Optimism for its Swaps functionality. In the past, only Ethereum, Binance Smart Chain (BSC), Polygon, and Avalanche could participate in MetaMask Swaps. Users may aggregate data from many
Let’s take a look at the top 3 cryptocurrency gainers of the past 24 hours. Helium (HNT) Helium (HNT) is the native utility token of Helium, a blockchain-powered network for the Internet of Things (IoT) devices. The HNT acts as a medium of trade between the Helium ecosystem’s two key
Leading Islamic financial institution Abu Dhabi Islamic Bank (ADIB) has received the e-marketplace Champion Award. More so, the award is given in recognition of its excellence in digital adoption. From blockchain-powered e-Marketplace TradeAssets. As part of ADIB’s partnership with TradeAssets, an online marketplace for trade finance transactions, ADIB was the
On December 20th, reports surfaced that Sam Bankman-Fried (SBF), the founder of the insolvent cryptocurrency exchange FTX, signed paperwork authorizing his transfer to FBI agents for extradition to the United States to face criminal charges. This was anticipated since on December 19 Bankman-Fried was said to have accepted in principle
Paxful, a cryptocurrency marketplace, said on Wednesday that it has removed Ethereum from its platform. Problems with the security of the blockchain network were mentioned by the firm. The CEO of the firm, Ray Youssef, has said that the move to delist ETH would have direct consequences for the platform.
The global dapp store, DappRadar, has released its 2022 end-of-year report on the blockchain, dapp, and cryptocurrency industries. One of the worst crypto winters ever occurred in 2022, resulting in a sharp decline in the value of most major cryptocurrencies and a spate of catastrophes, including the collapse of the
Coinbase said on Wednesday that it has received a Virtual Asset Service Provider license from the Central Bank of Ireland. With an eye on serving customers all around Europe and beyond, Coinbase plans to establish a European hub in Ireland. Coinbase has also appointed Cormac Dinan to the position of
The Open Network ($TON) now gains support from wallet developer SafePal. The integration enables direct communication with TON dApps, to allow users to hold and transfer $TON within SafePal’s hardware and software wallets. In addition, SafePal would provide support for $TON within the extension wallet. Initially, The Open Network was
