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Search Results for: crypto exchanges

FDIC Scrutinizes FTX U.S Over Deposit Insurance Claims

The FDIC demanded taking down any content implying FDIC-insured. The FDIC requested that they refrain from making any additional such representations. Today, the FDIC revealed that five cryptocurrency firms had misled investors about the extent to which their deposits were insured. Among the entities mentioned were the cryptocurrency exchange FTX.US

August 20, 2022 2 mins read

Cardano Metaverse Pre-Sale Achieved More than 70% Allocation

Users who invested a min of 7K $LONIA and 200 $ADA are eligible for the listing. Less than 30% of the presale allocation remains in the $LONIA token presale. A Cardano Metaverse Project called Cardalonia is comparable to Ethereum’s The Sandbox, but the Cardalonia runs on the Cardano blockchain. Following

August 17, 2022 2 mins read

Coinbase Exchange Reportedly Sued in the State of Georgia

Pomerantz LLP has also filed suit against the exchange. Coinbase is accused of making false and misleading statements. Coinbase is been sued many times and is under growing scrutiny from authorities. Two law firms filed lawsuits against the cryptocurrency exchange in San Francisco, which is already under investigation by the

August 17, 2022 2 mins read

Huobi Global Stops Derivatives Trading in New Zealand

Inaccessibility to these features would take effect on August 23 for these users. Huobi left Thai territory not too long ago after a dispute with authorities. Governments everywhere are scrambling to find ways to accommodate the cryptocurrency industry as interest in it grows. All throughout the globe, exchanges have been

August 16, 2022 2 mins read

LBank Weekly Listing Report, 15th August 2022

INTERNET CITY, DUBAI, Aug. 15, 2022 –As a world class digital asset exchange, LBank continues to focus on providing its users quality projects to participate in. Here is a weekly report made by LBank Exchange presenting this week’s exciting new listings and a summary of the ones listed last week,

August 16, 2022 6 mins read

Singapore High Court Grants Zipmex 3 Months of Protection

Due to cash flow problems, the company temporarily halted withdrawals. High Court’s Justice Aedit Abdullah has put a hold on any further legal action. Several cryptocurrency ventures failed because of the weak market and the demise of Terra. Even while some investors had begun leaving the sector when Bitcoin’s price

August 15, 2022 1 min read

 Ethereum One Step Closer for PoS Transfer

Goerli testnet has successfully shifted from PoW to PoS. The final merge is expected to come live within a 5 weeks time period. The final and third Ethereum testnet, the Goerli test environment network has moved successfully from Proof-of-Work (PoW) to Proof-of-Stake (PoS). The transition in the network happened when

August 11, 2022 1 min read

Cardano Network Gets Promoted on Racing Car at NASCAR

NASCAR driver Trent Barnes’ vehicle had the network’s name all over. Charles Hoskinson, the founder of Cardano, surprisingly seemed clueless. Cardano, a well-known network, and its community seem to be surprised by a sudden event. The network has been criticized for having low adoption and for being less popular than

August 11, 2022 1 min read

Hackers Utilized Cross-chain Bridge ‘RenBridge’ to Launder $540M

RenBridge was used to launder at least $540 million from 2020 via chain hopping. These bridges have also been used by ransomware gangs, exploiters, and hackers. There have been several thefts of cross-chain bridges this year, but new information from blockchain analytics vendor Elliptic suggests that one of these bridges

August 11, 2022 1 min read