The United States Federal Trade Commission (FTC) is investigating several cryptocurrency businesses. For what it believes to be fraudulent or misleading cryptocurrency-related advertising. A spokesperson for the Federal Trade Commission, Juliana Gruenwald, was quoted in a Bloomberg article published on December 6. She said that the agency is looking into
Coca-Cola and Crypto.com will memorialize the passion, intensity, and remarkable skill of the top teams playing in the FIFA World Cup Qatar 2022™ in a series of NFT artworks inspired by the distinctive “heatmaps” formed by each team’s on-field attacks, tackles, and winning goals. The 10,000 unique NFTs were produced by
Swyftx, an Australian cryptocurrency exchange, has announced the layoff of 90 employees in preparation for a “worst-case scenario” resulting from the collapse of FTX and a possible reduction in global trading volumes in 2023. Moreover, Swyftx co-CEO Alex Harper announced the decision in a statement on December 5, stressing that
On Saturday, Brian Armstrong, CEO of Coinbase, criticized Sam Bankman-Fried’s story of how FTX lost $8 billion. According to Armstrong, FTX’s prior CEO, a physicist with a degree from MIT, would not allow billions of dollars to go without a trace. The CEO of Coinbase then explained how he thought
Crypto exchange Bybit has announced yet another round of widespread layoffs for the year 2022. Bybit co-founder and CEO Ben Zhou recently unveiled a restructuring plan that includes a significant decrease in staff in the face of a protracted bear market. All staff will be impacted by the “planned downsizing”.
A group of Nigerians who are unhappy with Atom Asset Exchange (AAX) allegedly attacked the company’s Lagos headquarters and beat up personnel, as reported by the local press. The irate crowd, allegedly, asked that a ban on withdrawals that had been in place since November 12 be lifted. Legit’s article
The bankruptcy watchdog at the US Department of Justice (DOJ) demanded a separate investigation. Into the FTX Group’s demise on Thursday. Allegations of “fraud, dishonesty, incompetence, misconduct, and mismanagement” were made against the cryptocurrency exchange. Prompting the need for an independent investigation. The US Trustee, a branch of the Department
Former FTX US president Brett Harrison is now trying to raise money for a new cryptocurrency firm. The report states that he is attempting to raise $6 million while valuing the firm at $60 million. The company’s stated goal is to develop cryptocurrency trading software for institutional investors. This comes
As a result of the recent assault on Ankr, Binance has temporarily suspended withdrawals, as revealed by CEO Changpeng Zhao. Staking tokens on a proof-of-stake network is a breeze with Ankr since the service acts as a distributed node operator, eliminating the need for customers to invest in hardware. The
Binance, the biggest cryptocurrency exchange in the world, has completed the sixth batch of the LUNC burn mechanism, burning nearly 6 billion Terra Classic (LUNC) tokens. With its most recent burn, Binance has now burned about 20 billion LUNC tokens from trading fees on LUNC spot and margin trading pairings.
