An unexpected turn was revealed in Sam Bankman-Fried’s FTX disaster despite U.S. representatives summoning SBF to testify at a hearing on December 13, the House Committee on Financial Services. Federal prosecutors and the Securities and Exchange Commission (SEC) opened an investigation into whether the former FTX CEO manipulated the market’s
Following the release of its Ethereum Smart Staking solution, Nexo saw a 5.3% increase in the value of its native coin. Nexo’s Ethereum Smart Staking allows users to convert ETH for Nexo Staked ETH (NETH) and get staking incentives of between 4% and 12% APY, paid out in NETH. According
On the whole, quite dangerous, and extremely volatile is the serious business of firms relating themselves with the crypto industry. Though being a good field of opportunity to make money on one side, it also persists as the best way to lose on the other side. Likewise, the Wemix gaming
TORONTO–(BUSINESS WIRE)–Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a publicly-traded company that invests in web3 assets and builds businesses linked to crypto staking, the metaverse and play-to-earn gaming, provides an update on its digital asset inventory. In consideration of volatile crypto
Telegram, a popular messaging app, has released an upgrade that allows users to register using blockchain-based anonymous numbers rather than mobile phone numbers. To the delight of privacy-conscious users, Telegram will allow its users to conceal their phone numbers from everyone, rather than only those they haven’t registered to the
Coinbase, a major cryptocurrency exchange, expects sales to drop significantly in 2022. According to Brian Armstrong, CEO of Coinbase, investor trust has been rattled. Due to declining prices and the bankruptcy of a competitor exchange, FTX. As a consequence, it’s possible that 2022 revenues may drop by as much as
Today, the FBI announced that they had detained and filed charges against Rikesh Thapa, co-founder of Blockparty, a blockchain event firm, on charges that he stole $1 million in cash and cryptocurrency from the company to spend on personal luxuries. On Wednesday, the DOJ made allegations that Rikesh Thapa, 28,
Koinly, a crypto tax firm located in the United Kingdom, has announced the layoff of 14% of its worldwide staff to tackle the tough circumstances affecting the cryptocurrency sector and economy at large. There will be a total of 16 layoffs, with CEO Robin Singh citing the worsening bear market
Sherlock, a crypto auditing platform, anticipates a massive loss from the troubled loans on the blockchain-based institutional capital marketplace, Maple Finance. In a recent blog post, Sherlock predicted a $4 million loss for its stakers, or roughly one-third of the capital in its staking pool, due to Orthogonal Trading FTX-induced
Dogecoin (DOGE) is a popular memecoin with a large user base holding a wide investors community. The main pillar for the coin to emerge and grow in the market is Elon Musk who is known as “Father of DOGE”. In the past few months, Dogecoin continues to plummet marking a
