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US Attorney Seizes $3.6 Billion From Silk Road Dark Web Fraud – Second-Largest Crypto Seizure in History
8.11.2022
The US Department of Justice (DOJ) has seized 50,676 BTC worth around $3.36 billion in its second-largest crypto seizure in history.
According to a Monday press release, the billion-dollar seizure is from a man who “unlawfully obtained” the coins from darkweb market Silk Road over a decade ago....
Meta Joins Growing List of Tech Companies Letting Workers Go – Crypto Firms to Follow Suit?
7.11.2022
With Facebook-owner Meta now joining a growing list of tech companies that are letting workers go, the inevitable next question becomes what crypto companies will do.
Per a report from the Wall Street Journal, “large-scale layoffs” are set to begin at Meta as early as this week. The layoffs could...
Financial Crisis: Lebanese Economy Forces Residents Toward Crypto – Future of Money?
7.11.2022
As Lebanon’s financial woes continue, the Middle Eastern nation increasingly depends on cryptocurrencies, with many locals mining bitcoin (BTC) to survive and using tether (USDT) to buy groceries amid a legacy finance meltdown. ...
Read More: Financial Crisis: Lebanese Economy Forces Residents...
Sam Bankman Fried Announces Substantial Donations in US Mid-Term Elections
6.11.2022
FTX CEO Sam Bankman-Fried has revealed that he donated millions of dollars to support bipartisan politicians in a bid to lure more crypto allies.
In a Saturday tweet, Bankman-Fried said that he was "a significant donor" in both Republican and Democrat primaries, "supporting constructive...
Influencers of $7 Billion Crypto Project Issued Subpoenas by SEC – Here’s What You Need to Know
6.11.2022
The US Securities and Exchange Commission (SEC) has subpoenaed some influencers of HEX, a crypto project with a market cap of around $7 billion.
Prominent crypto evangelist Eric Wall initially revealed the news on Twitter, sharing the official documents sent by the regulatory body. He added that...
SEC Charges Coin Club Founders for $295 Million Ponzi Scheme
5.11.2022
The US Securities and Exchange Commission (SEC) has filed charges against the founder and three promoters of Trade Coin Club, arguing that they duped investors into sinking money in a fraudulent crypto trading bot....
Read More: SEC Charges Coin Club Founders for $295 Million Ponzi Scheme
Santander Bank Limits Cryptocurrency Exchange Transactions – Find Out Why
4.11.2022
Santander UK, the UK unit of banking giant Banco Santander, has placed restrictions on crypto transactions for its customers, including a £1,000 limit on individual transactions with crypto exchanges and a £3,000 limit on total monthly transactions.
In a note to customers on Thursday, the bank...
Earnings Report: Coinbase Loses $545 Million in Third Quarter – Stock Plummets
4.11.2022
Amid a crypto market downturn, major exchange Coinbase has reported disappointing results for the third quarter of this year. Between July and September 2022, the business reported a net loss of some $545 million. The latest announcement has caused the exchange’s stock price to plummet. ...
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Arweave Price Prediction as Instagram uses Storage Service, AR up 45% in 7 Days
4.11.2022
AR, the native token of a relatively less-known decentralized storage service called Arweave, has gained over 45% over the past week amid the news that Meta has chosen the protocol to archive its creators' digital collectibles....
Read More: Arweave Price Prediction as Instagram uses Storage...
FTX Goes Live As First Licensed Crypto Exchange in the UAE – What Does Sam Bankman-Fried Have Planned?
3.11.2022
Major crypto exchange FTX has announced it has gone live as the first institution of this type which secured a full license to operate in the United Arab Emirates (UAE).
"As the first licensed crypto exchange in the UAE, we're super excited to expand our operations and grow FTX's presence in...
Crypto Exchange Zipmex 'On Track to Sign a Majority Buyout' Following Three Arrows Capital Contagion
3.11.2022
The troubled Asian crypto exchange Zipmex is in “advanced talks” with one of its investors about a potential bailout for the company.
According to a Bloomberg report from Wednesday, the Singapore-based exchange is “on track to sign a majority buyout” agreement with an investor as early as this...
Filecoin Price Prediction - Watch Out For FIL Today as 15% Gain Yesterday
3.11.2022
FIL, the native token of the decentralized storage network Filecoin, has gained around 15% over the past 24 hours amid the news that Meta has selected a decentralized data storage solution to archive its creators' digital collectibles.
The token is currently trading at $5.96, up by 13.6% over...
Sam Bankman-Fried's Alameda Holds $14.6 Billion in Assets – Here's What You Need to Know
3.11.2022
Alameda Research, a trading firm linked to major crypto exchange FTX, had some $14.6 billion of assets as of June 30, but as much as $5.82 billion of these assets consists of the exchange’s native token FTT, according to a document sourced from the company. ...
Read More: Sam Bankman-Fried's...
Biggest Crypto Options Exchange Deribit Hacked for $28 Million – What Happened?
2.11.2022
Panama-based crypto derivatives exchange Deribit has suffered a hacking attack estimated to be worth some $28 million. The exchange claims that its customers’ funds remain safe despite the latest attack.
"Deribit hot wallet compromised, but client funds are safe and loss is covered by company...
Binance CEO Reveals Main Reason For Investing $500 Million in Elon Musk Twitter Deal
2.11.2022
Binance CEO Changpeng Zhao (CZ) has shared that his company invested $500 million into Elon Musk's buyout of Twitter in a bid to support the freedom of speech.
At the opening event of Europe's largest tech conference, the Web Summit, in Lisbon, the CEO said he was "extremely supportive"...
Leading Global Payments Network MoneyGram to Offer Cryptocurrency Services
2.11.2022
Global payments company MoneyGram has announced that US users can now use its platform to buy, sell, and hold some major cryptocurrencies.
In a November one press release, the payments giant said that it will offer crypto purchase services via its app to customers in nearly all U.S. states...
Department of Justice Revamping Investigations into Tether USDT – Here’s What You Need to Know
1.11.2022
The US Department of Justice has revamped a probe into whether Tether’s executives committed bank fraud in the early days of the stablecoin.
According to a Bloomberg report, the investigation has been transferred to another team within the DOJ and is now directed by US Attorney Damian Williams...
Huobi Crypto Exchange Denies Mass Layoffs and Exec Resignations
1.11.2022
Major crypto exchange Huobi Global has denied mass layoff claims and allegations that two of its top executives have resigned.
In a tweet on October 29, prominent Chinese journalist Colin Wu claimed that the company’s CEO Leon Li and chief financial officer Chris Lee have resigned. Citing people...
Investment in Crypto Hits a New Low – How Much was Raised?
31.10.2022
Venture capital investments in crypto companies hit its lowest level for the year in the third quarter, but still remains well above a 7-year average for the industry.
According to data from Galaxy Digital, venture investments into the crypto space in the third quarter reached $5.5bn, still $2bn...
Sam Bankman-Fried to Step Back from Crypto Lobbying and Let ‘Crypto Twitter’ Take Charge
31.10.2022
Sam Bankman-Fried, the outspoken CEO and founder of major crypto exchange FTX, has offered what he calls his "final thoughts" on the optimal lobbying strategy for the crypto and blockchain industry that could pave the way for more industry-friendly regulation in the U.S. At the same time,...