Cryptocurrency Analysis and News Portal
Fraud makes up over 40% of crime in the country, and costs the U.K. government £7 billion ($8.8 billion) a year, U.K. Prime Minister Rishi Sunak said in the statement. The country wants to crack down on fraud and scams, and is setting up a National Fraud Squad to tackle
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The former chief technology officer at crypto exchange Coinbase and a former partner at venture capital firm Andreessen Horowitz, Srinivasan in mid-March – shortly after the failures in short order of Silvergate Bank, Signature Bank, and Silicon Valley Bank – said he expected a banking crisis to trigger a sizable
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"You can buy a gift on Venmo and send it out. You can invite people and send it to another Venmo user, you can send it to a PayPal user. You can send it to an external wallet, you can send it to the hardware wallet, which we think is
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On Wednesday, Sotheby’s, one of the world’s largest brokers of fine and decorative art, announced its plans to auction a number of non-fungible token (NFT) assets that were previously owned by the now-defunct crypto hedge fund Three Arrows Capital (3AC). The auction, called the “Grails” NFT collection, will take place
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FTX’s sister company Alameda Research had previously acquired Ren to provide long-term funding before shutting down. Source
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Bankrupt crypto lender Celsius Network has announced it will be moving forward on its Chapter 11 restructuring plan with a disclosure statement containing information for claim holders.In a April 7 notice to users, the Celsius debtors said they will file a disclosure statement on April 12. A March 31 court
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The United States Securities and Exchange Commission has announced a series of educational events targeting underrepresented communities and others — but suggested participants would be taught to “exercise caution” on crypto.In an April 3 announcement, the SEC said it will reach out to groups including high school students, members of
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The notice said the exchanges were in violation of the country's fund settlement laws at the time of issuing the warning letter by "conducting crypto asset exchange business without registration." The regulator also said the list of unregistered traders "does not necessarily indicate the current state of unregistered business." Source
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A fortnight after the newly appointed Silicon Valley Bank (SVB) chief executive officer (CEO) cheered customers to return funds to the bank, the Federal Deposit Insurance Corporation (FDIC) has reportedly sent emails informing customers that their funds were in receivership. Mayopolous woos depositors Developments emanating from the embattled SVB, after Mayopolous’ advice, have
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On Thursday, embattled ex-FTX CEO SBF pled not guilty to the latest federal charges, which he also does not acknowledge. Disgraced former FTX CEO Sam Bankman-Fried (SBF) recently pled not guilty to five additional federal fraud and bribery charges. SBF appeared in a New York federal court on Thursday to plead not guilty to the
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