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Search Results for: Digital dollar

Russian Crypto Ponzi Firm Finiko’ Key Member Arrested in UAE

A key figure in the organization of Russia’s greatest financial pyramid in recent years, Finiko, has been arrested in the United Arab Emirates. After the arrest of Zygmunt Zygmuntovich. The other co-founder of the Ponzi scam, last month, news of Edward Sabirov’s incarceration in an Arab nation comes as a

December 12, 2022 1 min read

Alameda Research Ex-CEO Engages Former SEC Official as Lawyer

Former Alameda Research CEO Caroline Ellison has engaged a former official of the Securities and Exchange Commission (SEC) and law firm WilmerHale to defend her in connection with the continuing investigation into the fatal demise of the cryptocurrency exchange FTX and its trading business Alameda Research. While at the SEC,

December 11, 2022 1 min read

FalconX Admits That 18% Of Its Funds Are Blocked on FTX

FalconX, a cryptocurrency trading firm, announced on Thursday that it had a portion of its assets caught on collapsed crypto exchange FTX. According to the corporation, its assets locked on FTX account for only 18% of its unencumbered cash equivalents. This ratio was within their counterparty exposure limit. FalconX insisted

December 10, 2022 2 mins read

Brazil NFT Market Intelligence and Future Growth Dynamics Report 2022: A $16.17 Billion Market by 2028 – NFT Marketplaces are Partnering with Brazilian Football Legends to Drive their Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Brazil NFT Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels – Q2 2022” report has been added to ResearchAndMarkets.com’s offering. The NFT industry in Brazil is expected to grow by 48.4% on an annual basis to reach

December 8, 2022 5 mins read

FTX Deploys a Forensic Team to Track Its Customers’ Hacked Assets

FTX, the bankrupt crypto exchange has hired financial forensic investigators to find the missing cryptocurrencies. According to a recent report from the Wall Street Journal, the new management of FTX has appointed a group of forensic investigators from the advisory company, AlixPartners to help find the billions of dollars that

December 8, 2022 1 min read

Tether Launching New Stablecoin on Tron Ecosystem

Tether, the major blockchain-enabled platform, has announced the release of an offshore Chinese Yuan (CNH) to the Tron blockchain. Bitfinex will be the first exchange to allow the user to deposit and withdraw CNH. Which is utilizing the Tron blockchain transport layer from the platform when it launches. #Tether Launches

December 7, 2022 2 mins read

CNBC’s Jim Cramer Warns Investors to Sell Their Crypto Holdings

Jim Cramer, head of CNBC’s Mad Money, cautioned investors that they still had time to liquidate their cryptocurrency holdings. Cramer warned investors to liquidate their cryptocurrency holdings before it’s too late since he anticipates a market collapse in 2023. He continued by saying that it’s never too late to sell

December 6, 2022 1 min read

Reddit NFT Mints Hit a New All-Time High

While the cryptocurrency market is surrounded by lots of scandals Reddit’s Non-Fungible tokens (NFT) collection achieved an all-time high on December 3. A total of 255,000 Reddit NFT avatars were minted in a single day. In addition, more than 200,000 Reddit avatars were minted each day on Aug. 30 and

December 5, 2022 1 min read

Singapore Court Orders Three Arrows To Submit Vital Documents

Su Zhu and Kyle Davies, founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC), have made a comeback on Twitter and in media appearances, and they have a lot to say about the demise of Sam Bankman- Fried’s FTX. However, neither they nor their legal team in Singapore

December 2, 2022 2 mins read