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Karl Sebastian Greenwood, the co-founder of the multi-billion dollar fraudulent cryptocurrency scheme OneCoin has pleaded guilty to multiple charges brought forward by the United States Department of Justice (DOJ) and faces a maximum of 60 years in prison.The DOJ announced on Dec. 16 that Greenwood submitted a guilty plea in
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press release PRESS RELEASE. In December 2022, CoinEx will celebrate its fifth birthday. Since its inception, the crypto exchange has gone through bulls and bears and attracted over four million users across more than 200 countries and regions worldwide. For both CoinEx and the crypto space, the past five years
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Top Stories This Week FTX founder Sam Bankman-Fried arrested, set to be extradited to US Sam Bankman-Fried was taken into custody by the Royal Bahamas Police Force and is likely to stay there until February, after his application for bail
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According to data provided to Cryptox on Dec. 15, network growth still appears to be strong for blockchain indexer The Graph (GRT). Launched two years ago, The Graph Network allows developers to easily search, index, use and publish data from public blockchains. From Nov. 2021 to Nov. 2022, the total number
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On Wednesday, the apex bank its increased its interest rate to between 4.25% and 4.5%, marking the highest level in 15 years. The Federal Reserve has hiked the interest rate to its highest level in 15 years. On Wednesday, the apex bank announced it was increasing rates to
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However, CBDCs are not without their risks and challenges. They could expose economies to "greater systematic financial risk brought on by volatility and sudden foreign exchange fluctuations," the report said. Plus, central banks will have to workout how they can use a CBDC to ensure inclusion if not everyone has
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It was no small task for the hundreds of developers and client teams to build, coordinate, and successfully swap out Ethereum’s core from proof-of-work to proof-of-stake. That’s why Vitalik Buterin and Ethereum developers are among CryptoX’s Most Influential 2022. Source
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During the last seven days, bitcoin’s price has remained above the $16K region following the aftermath of FTX’s collapse. Since then, a number of ‘sleeping bitcoins’ that sat idle for five to nine years have been moving during the last four days. Bitcoins that were worth far less back then
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In a bid to alleviate worries for retail investors, Patrick Hillman, chief strategy officer at Binance, discusses the crypto exchange’s proof-of-reserve system following the collapse of FTX. Source
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One of the leading figures convicted of being behind the $100 million crypto “Ponzi” scheme, EmpiresX, has just been handed an over four-year jail sentence by a United States court.The sentencing was handed to Joshua David Nicholas, the “head trader” of purported crypto platform EmpiresX, who is nowset to serve
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