On Wednesday, Bo Shen, a founding partner at Fenbushi Capital, tweeted about the theft of as much as $42 million in cryptocurrency from his personal wallet. Shen claims that on November 10, criminals made off with $38 million worth of the USDC stablecoin. The stolen funds, he clarified, are just
In spite of the current cryptocurrency market downturn, El Salvador is increasing its wagers on the investment market. The first government to recognize Bitcoin as legal cash is currently drafting a Digital Asset Issuance Law. That would make it easier to do business with any cryptocurrency. A document posted on
The Federal Open Market Committee (FOMC) members usually release the updated reports of the inflationary scenario in the economy. Further the FOMC meeting held on November 1-2 will be revealed tomorrow with the current insights of the crypto markets. As the entire investor community is awaiting for the release, the
As part of an alleged $575 million crypto fraud scheme. The two co-founders of the defunct Bitcoin cloud mining service HashFlare have been detained in Estonia. HashFlare, founded in 2015, claimed to be a cloud mining service. Where consumers could lease the company’s hashing power to mine cryptocurrency and split
Evidence of JP Morgan’s trademark registration for cryptocurrencies was found in a document obtained from a USPTO application. JP Morgan Wallet is the brand’s official name. And it will be used for facilitating the buying and selling of virtual currencies. As well as the processing of payments made in cryptocurrencies.
FTX, a cryptocurrency behemoth crumbled recently. Due to financial embezzlement and other circumstances, the billion-dollar enterprise has disintegrated. Sam Bankman-Fried provided the audience with an extraordinarily rich picture of FTX. Following the FTX disaster, worldwide officials were apparently in negotiations to adopt global cryptocurrency laws. The waves of the FTX’s
After valuing its assets at between $100 million and $500 million. Compute North filed for chapter 11 bankruptcy in September, with the sale representing a tiny portion of that potential revenue. While it figures out how to pay back its approximately 200 debtors, the firm is keeping operations going. After
The 100% sustainable data center infrastructure business Arkon Energy has announced the successful closing of a US $28 million fundraising. The Australian business has also completed acquiring Hydrokraft AS, one of Norway’s top data centers using renewable energy. The acquisition of Hydrokraft is a component of a bold strategy to build
The entire crypto industry is worrying for the ongoing crypto winter and the crash of the market. Investors community and users are suffering a lot for investing their savings in digital assets. As a matter of fact, Bitcoin is the top leading cryptocurrency which is emerging as legal tender in
A lawsuit was filed against cryptocurrency miner Core Scientific on Monday. Alleging that the company misled investors. By concealing a succession of negative financial situations in its presentations to investors this year. Mei Pang, the plaintiff, and a shareholder claims the business intentionally misled investors. This is between March 3
