Category : Cryptocoins News

Cryptocoins News

FTX investors file class-action suit against Sequoia

FTX investor class-action lawsuit venture capital companies have a "tricky case," according to a crypto lawyer. (Read More)

Polygon Announces Beta Launch of Zero-Knowledge Ethereum Virtual Machine

Polygon's zkEVM Ethereum scaling solution will deploy on mainnet beta March 27. (Read More)

Celsius Creditors to Sue Executives for Fraud

The Celsius Official Committee of Unsecured Creditors alleges "substantial claims and causes of action" against Alex Mashinsky and other executives for fiduciary breaches and fraudulent transactions. (Read More)

LidoDAO is considering selling or staking its $30 million

LidoDAO, the decentralized autonomous organization behind Lido, is considering staking or selling its $30 million ETH treasury to meet unexpected market swings. (Read More)

What the U.S. Congress Decides on Crypto Will Ultimately Overstepping their authority

Jake Chervinsky, the Blockchain Association's chief policy officer, criticized the SEC's enforcement-based regulation and urged Congress to regulate the sector. (Read More)

Japan set to launch its digital yen pilot

Japan has been conducting proof-of-concept (PoC) experiments on its CBDC for the last two years. The Japan central bank now says that the project is now set for a pilot program. Currently, China’s digital Yuan continues to lead the CBDC race g...

Circle Denies Receiving 'Wells Notice' Over USDC

Circle's CSO refused SEC Wells notices for its USDC token. (Read More)

Polaris Ventures, a charity created by former FTX and Alameda

Ruairi Donnelly, a former FTX employee, earned $562,000 in FTT tokens at a discount. (Read More)

Siemens Issues World's First Blockchain Bond

Siemens claims that "releasing the bond on a blockchain provides a variety of advantages compared to prior approaches," including removing banks as middlemen. (Read More)

Taurus raised $65 million

Credit Suisse, Deutsche Bank, Arab Bank Switzerland, and others invested $65 million in digital asset infrastructure provider Taurus. (Read More)

Many Lawmakers and Witnesses Call for hearing exploring the crash of the crypto market

At a Senate Banking Committee meeting dubbed "Crypto Fall," financial professionals and politicians discussed how to address the crypto market crash. (Read More)

CFTC Busts California Firm and CEO for $7M Crypto Ponzi Scheme

<p>The US Commodity Futures Trading Commission (CFTC) has charged California-based Vista Network Technologies and its Chief Executive, Armen Temurian, for fraudulently soliciting more than $7 million in <a href="https://www.financemagna...

Mt. Gox top creditor goes with early payout option: Report

The creditor will be paid by September this year instead of waiting for the legal processes to be finished. The top Mt. Gox creditor chose to have an early payout in...

Oman to establish regulatory framework for virtual assets

Despite the warnings about investing in digital assets by Oman’s central bank, about 65,000 residents hold cryptocurrencies. The Capital Market Authority (CMA), Oman’s...

SEC Charges Terraform Labs and CEO Do Kwon for "Securities Fraud"

<p>The US <a href="https://www.financemagnates.com/terms/s/securities-and-exchange-commission-sec/" class="terms__main-term" id="3718b4df-fc5f-479a-861e-f52759439c15" target="_blank">Securities and...

Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs

Delphi Lab’s general counsel said the SEC was being “more thorough than usual” in its lawsuit against Terraform Labs and its co-founder Do Kwon. The United States Secu...

Sony Network and Astar partner for web3 incubation program

Sony Network and Astar Network have partnered to launch a web3 incubation program. The program will support projects that focus on the utility of NFTs and DAOs.& The incubation program will be organised by Startale Labs.& Astar Netw...

California regulator launches complaint-based crypto scam tracker

The regulator receives thousands of consumer and investor complaints about possible crypto scams each year, and it appears it’s done something with the information. Th...

Crypto investors spent $4.6B buying 'pump and dump' tokens last year

Nearly 10,000 tokens launched on BNB and Ethereum last year are suspected to have been created just to dump on investors, according to Chainalysis. Cryptocurrency inve...

FTX's Bankman-Fried could 'conceivably' get bail revoked, says judge

A federal judge said there was "probable cause" to believe that SBF engaged in activities that could land him in jail. Former FTX CEO Sam Bankman-Fried could “conceiv...

FTX’s Bankman-Fried could ‘conceivably’ have bail revoked, says judge

A federal judge said there was “probable cause” to believe that SBF engaged in activities that could land him in jail until his trial in October. Sam Bankman-Fried cou...

Binance mints 50M TrueUSD days after Paxos ordered stop issuing BUSD

Despite the minting of $50 million in TUSD, Zhao previously said the regulatory crackdown on stablecoins in the U.S. will cause the USD-back stablecoin market to “shrink.”...

Crypto scammers feel the chill: Revenue drops 46% in 2022 — Chainalysis

Falling crypto prices caused crypto scam revenue to plummet in 2022, but two scam types managed to persist. Crypto scam revenue was slashed by almost half in 2022 due...

U.S SEC Sues Do Kwon And Terraform Labs For Fraud

The SEC has sued Do Kwon and his defunct crypto firm Terraform Labs.& The fugitive founder is being charged with orchestrating a multi-billion dollar crypto asset securities fraud.The SEC has alleged that Kwon misled investors about the stabilit...

Binance Moved $400 Million From U.S Exchange To Trading Firm Managed By Changpeng Zhao

Binance reportedly transferred over $400 million from its U.S. exchange to Merit Peak, a trading firm.& Binance chief Changpeng Zhao is listed as the manager of Merit Peak.& It is unclear at this time if the transferred funds were customer d...

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