The former CEO of Alameda Research, Caroline Ellison, admitted that she and Sam Bankman-Fried, a co-founder of FTX, deliberately misled lenders about the funds which the bankrupt trading company was borrowing from the cryptocurrency exchange. Additionally, Caroline Ellison admitted in the court record of her hearing on 19th December how
The proposed merger between Bullish, a crypto exchange backed by Peter Thiel, and Far Peak Acquisition Corporation, a special purpose acquisition company (SPAC), has been called off. With the merger agreement reached in July 2021, Far Peak and Bullish planned the cryptocurrency exchange would be listed on the New York
On December 21st, Crypto.com had an NFT campaign prohibited by the Advertising Standards Authority (ASA), the UK’s advertising authority. A sponsored Facebook ad for the crypto platform was reported by ASA. The agency said in a press statement that it didn’t adequately warn about the potential downsides of investing in
As a result of pooling liquidity from several DEXs, aggregators may provide their consumers with more advantageous token exchange rates than any single DEX could provide. When executed properly, DEX aggregators may optimize slippage, swap fees, and token prices, providing customers with a more favorable exchange rate. OpenOcean, a DEX
As of Thursday, holders of Terra Classic (LUNC) and TerraClassicUSD (USTC) were distributed the second batch of Terra (LUNA) airdropped by the biggest cryptocurrency exchange in the world, Binance. The initial airdrop, which took place in May, is associated with Do Kwon’s “Terra Ecosystem Revival Plan 2,” which involves the
Audit firms doing crypto company audits may expect heightened attention from the U.S. Securities and Exchange Commission (SEC). The SEC has voiced worry about the possibility of investors being given a false sense of security by auditing reports, increasing their vulnerability to cryptocurrencies. This comes after a number of cryptocurrency
Despite the current crypto market conditions, Decentralized finance (DeFi) still proved its higher scaling potential than the traditional financial industry. Some segments of the DeFi industry continue to “display a positive trend,” while the overall value locked fell from its peak of $180 billion in December 2021 to around $50
Binance, a major crypto exchange, was purportedly utilized by a Mexican-based international drug cartel to launder millions of dollars. And the exchange assisted police in identifying the criminals. And CZ has stated that, unlike currency, crypto is not a useful instrument for unlawful activity. Because blockchain is transparent. According to
For users to access and learn about the most recent Web3 and cryptocurrency news, as well as for creators to further engage with their community, Binance, the world’s leading blockchain ecosystem, and cryptocurrency infrastructure provider, is launching new features to Binance Feed on December 22nd, 2022. Binance Feed’s most recent
The U.S. Securities and Exchange Commission (SEC) stated that FTX’s native token, “FTT was Offered and Sold as an Investment Contract and as a Security.” The claim was made by SEC in a lawsuit filed against the FTX executives Caroline Ellison and Gary Wang on 21st December 2022. According to
