Search
Reports Claim Beleaguered Crypto Exchange FTX Seeks Over $9 Billion From Investors
10.11.2022
On Nov. 10, 2022, two reports said that FTX CEO Sam Bankman-Fried (SBF) is canvassing for emergency funds up to $9.4 billion for the embattled exchange. One report says that SBF has solicited crypto companies like Tether, OKX, and Tron founder Justin Sun as well. FTX Is Reportedly Seeking Up...
Bitcoin price risks $17K amid claim Binance may reject FTX takeover
9.11.2022
Further losses come in step with confusion over the future of FTX under Binance, while CPI data looms on the horizon
2 Lenders Claim Bitcoin Miner Iris Energy Defaulted on Equipment Loans Worth $103 Million
8.11.2022
Another bitcoin mining company is dealing with financial issues as Iris Energy’s Form 6-K filing with the U.S. Securities and Exchange Commission (SEC) shows the company could face default on two loans. Iris Energy’s Form 6-K filing explains to the SEC that the firm “received a notice from...
Bitcoin miner Iris Energy faces $103M default claim from creditors
7.11.2022
The company is facing a cash flow crisis due to tough market conditions
Bitcoin Miner Iris Energy Faces Default Claim on $103M of Equipment Loans
7.11.2022
The bitcoin miner will default on the loans tomorrow, unless it can reach a restructuring agreement with its lender
While Official Figures Claim Turkey’s Inflation Rate Is 85%, Third-Party Stats Say It’s Closer to 200%
5.11.2022
Inflation has skyrocketed in Turkey as official figures from the Turkish Statistical Institute (Tüik) show the country’s inflation rate topped 85.5% year-on-year. The inflation rate in Turkey has risen for 17 consecutive months and last month it reached a 24-year high. Turkey’s Interest Rate...
Web3 Foundation makes bold claim to SEC: 'DOT is not a security. It is merely software'
4.11.2022
According to CLO Daniel Schoenberger, the team developed a “workable theory of how token morphing may be achieved” for DOT based on the SEC’s concerns and federal securities laws
Bitcoin price due sub-$20K dip, traders warn amid claim miners 'capitulating'
28.10.2022
Miners may hit pause on the good times for BTC price action, one theory believes, as the weekend promises support tests
South Korean Public Official ‘Used Bribes to Buy Crypto,’ Police Claim
28.10.2022
Yet another South Korean government worker appears to have used ill-gotten gains to fund their crypto cravings: After reports that a public official fled abroad with $2.8 million worth of stolen public funds that has been converted to crypto, it has emerged that another former official may have...
Ethereum at the center of centralization debate as SEC lays claim
24.10.2022
Ethereum’s transition to PoS was celebrated as a key upgrade. However, a month after the move, centralization concerns are mounting high
Crypto Biz: Bear market claim another casualty
21.10.2022
German crypto bank Nuri joins a growing list of crypto service providers to shutter their doors permanently amid the bear market
Prosecutors argue 'insider trading' claim in the OpenSea case is accurate
19.10.2022
Federal prosecutors have argued against a claim made by the former OpenSea product manager that the term “insider trading” is “inflammatory.”
Voyager Digital won’t sue its executives for incompetence, will claim insurance on them
18.10.2022
CEO Stephen Ehrlich and financial head Evan Psaropolous will keep their jobs even though they okayed a huge loan to Three Arrows Capital without sufficient due diligence
Couple sent $10.5M by Crypto.com claim they thought they won a prize
13.10.2022
The duo allegedly went on a spending spree with Crypto.com’s funds, buying four houses, vehicles, art, furniture and gifts, but 7 million AUD has now been returned
Ether staking is too difficult, community members claim
3.10.2022
Some are arguing that it would be healthy to admit that Ether staking is not for everyone yet
Euro Taps a $0.973 Low Against the US Dollar, Analysts Claim British and EU Currencies Are Trapped in a ‘Doom Loop’
23.9.2022
On Friday, the official fiat currency of 19 out of the 27 member states of the European Union (EU), the euro, plunged to a low of $0.9732 against the U.S. dollar. The drop comes at a time when fiat currencies like the yen, yuan, and pound have struggled against the greenback during the past...
Celsius Shareholders File to Stake Their Claim for Bankruptcy Payouts
23.9.2022
A motion filed by lawyers says the Celsius bankruptcy is “all about the customers” and “without regard for the equity holders.”
Coinbase counters WSJ claim its Risk Solutions group engaged in $100M proprietary trade
22.9.2022
In a blogpost, Coinbase said the WSJ seemed to confuse the nature of a transaction earlier this year made using money raised through a structured note that was later sold
Elon Musk’s $258 Billion Dogecoin Lawsuit Grows as New Defendants, DOGE Investors Join
9.9.2022
The $258 billion lawsuit filed against Elon Musk, Tesla, and Spacex over their dogecoin promotion has expanded with new defendants and DOGE investors added. The plaintiffs allege that the meme cryptocurrency dogecoin is a Ponzi scheme, emphasizing that Musk and his companies “falsely...
Russian Arrested for Defrauding Buyers of Mining Hardware Worth Over $300,000
5.9.2022
Police in the southern Russian city of Astrakhan have detained a man accused of defrauding people who wanted to purchase crypto miners. Law enforcement officials say the suspect made millions of rubles through fictitious sales of mining devices to Russian citizens and foreigners. Investigators...