Tag: crypto coins

National Australia Bank boycott cryptocurrency over scam risk claims

National Australia Bank (NAB) will block payments to certain cryptocurrency platforms due to high scam risk Other major Australian banks have also blocked...

Crypto taxation report: IMF wages war against cryptocurrencies

IMF states that crypto ownership runs to tens of billions of dollars and is concentrated at the top, with most crypto investors having...

$7.8B lost in cryptocurrency pyramid and ponzi schemes in a year

Cryptocurrency pyramid and Ponzi schemes edged out with a staggering $7.8 billion in 2022, according to TRM Labs Investment fraud involving cryptocurrency rose...

FTX seeks to draw $700M from Bankman Fried in lawsuit

FTX, a major crypto trading firm, has filed a lawsuit in the United States Bankruptcy Court for the District of Delaware, seeking over $700 million from investment firms it had previous ties with. The lawsuit, filed on June 22, contains 16 counts. The defendants named in the lawsuit include K5 Global, Mount Olympus Capital, SGN Albany Capital, and individuals Michael Kives and Bryan Baum. They are accused of being involved in transactions that resulted in the transfer of funds from FTX-affiliated firm Alameda Research.

How Blockchain Technology revolutionizing the Internet

The internet has undoubtedly transformed our world, revolutionizing communication, transactions, and access to data. However, as we move forward into the future, new technologies are emerging that have the potential to reshape the Internet as we know it. One such technology is blockchain, a decentralized and secure system revolutionizing various industries.

Recurrent mistakes made by over 2350 dead crypto coins since 2013

Since 2013, at least 2,383 dead crypto coins have run their course. In 2018, Manish Ranjan created the Indian -based token...

Bitcoin dominance in the crypto market surpasses 50 per cent

Bitcoin dominance, a metric that measures the percentage of Bitcoin's market capitalization to the total cryptocurrency market cap, has surpassed the 50% mark. ...

FTX co-founder Sam Bankman-Fried slapped with two criminal trials

The former CEO is now facing two separate trials for the charges against him during his time as the CEO, including mismanagement of...

Crypto payments platform Wyre closes, cites bear market pressure

Cryptocurrency payment platform Wyre has closed its operations after nearly a decade in business The firm urged users with assets on its platform...

Far-reaching effects of aggressive crypto market regulation

The spectacular rise of the cryptocurrency industry has presented a fresh challenge for financial regulators. Some researchers and policymakers have warned the overly aggressive crypto market regulation might clutter the promising new financial asset class. Others have indicated that businesses could flee the jurisdictions whose regulations they consider ‘anti-crypto’ to the less regulated jurisdictions. Moreover, some have suggested that crypto regulatory actions will inspire market activity by offering clarity to participants.

Mara exchange lays off employees further reducing staff

The web3 startup launched Mara Chain, a layer-1 blockchain and Alchemu-esque platform. On May 2023, the famous web3 startup had to lay off...

Binance Declared “Illegal” by Nigeria’s SEC

Nigeria's Securities and Exchange Commission (SEC) declared the exchange and its subsidiary, Binance Nigeria Limited, "illegal." The SEC's primary contention is that Binance...

Exploring the surge and popularity of meme coins

Memes are humorous or satirical ideas, images, or videos that spread rapidly across the internet. One of the earliest and most prominent meme...

Robinhood to delist ADA, SOL, and MATIC amid SEC crackdowns on Coinbase and Binance

The SEC named ADA, SOL, and MATIC in lawsuits filed against Coinbase and Binance. The SEC referred to the three crypto-assets targeted for delisting from Robinhood as unregistered securities in the lawsuits. The lawsuits are part of a broader SEC endeavour to regulate the crypto industry.

CAR bitcoin failure: Is Africa ready to legalize cryptocurrencies

Bitcoin failure in CAR reveals loopholes that must be fixed before the continent is ready to adopt cryptocurrencies widely. The Central African country...

Qatar under FATF scrutiny for failure to take action against crypto companies

The Financial Action Task Force (FATF) has slammed Qatar for not taking enough action against cryptocurrency firms. The rise of Artificial Intelligence (AI)...