Recent news has brought to light the shocking revelation of two brothers, Jonathan Adam and Tanner Adam, who have been charged by the U.S. Securities and Exchange Commission (SEC) for orchestrating a $60 million Ponzi scheme. The complaint, filed in the United States District Court for the Northern District of Georgia in Atlanta, uncovers how
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The performance of Ethereum (ETH) has been lackluster recently, with the cryptocurrency trading in a narrow range between $2,300 and $2,800 since the beginning of August. However, what is more concerning is the decreasing interest in Ethereum ETFs, as revealed by critical data from Farside Investors. This waning interest has contributed to the cautious sentiment
The Financial Times recently reported a concerning trend in the cryptocurrency industry – a significant decrease in registrations for crypto asset exchanges and custodian wallet providers with the UK’s Financial Conduct Authority (FCA). According to law firm Reed Smith, registrations have plummeted by more than 50% in the past three years, indicating growing frustration with
The recent transfer of 800 ETH by Ethereum co-founder Vitalik Buterin has once again sparked discussions within the crypto community. This move, estimated to be worth $2.01 million, was made to a multisig wallet. Following this transfer, 190 ETH from the same wallet was exchanged for 477,000 USDC, a stablecoin pegged to the U.S. dollar.
Centralization in the cryptocurrency space has long been a point of contention among enthusiasts and proponents of decentralized finance. The concentration of holdings in the top wallets of popular project tokens such as Polygon (MATIC) and Shiba Inu (SHIB) has raised significant concerns about the potential risks associated with high centralization. According to data shared
The past week has been a tumultuous one for Bitcoin and most altcoins in the cryptocurrency markets. Bitcoin started the week on a high note, soaring from around $60,000 to over $64,000 following bullish developments in the US. However, the weekend proved to be quiet for Bitcoin, despite turbulence in the rest of the crypto
The Nigerian Securities and Exchange Commission (SEC) has recently announced the granting of “Approval-in-Principle” to two local crypto exchanges, Busha Digital Limited and Quidax. This approval comes as part of the Accelerated Regulatory Incubation Program (ARIP) and is a step towards ensuring compliance with upcoming regulations in the digital asset space. The SEC aims to
Blowfish Studios, a flagship game studio under Animoca Brands, is currently in the process of developing an exciting new multiplayer PvP game known as DarkTimes. This medieval-themed game is already making significant strides in the gaming industry by incorporating the innovative Sui blockchain, with assistance from Mysten Labs. Drawing inspiration from Nordic mythology, DarkTimes is
The recent performance of Floki Inu (FLOKI) has been less than stellar, with a sharp decline of nearly 20% causing the coin to lose its coveted position among the top 5 meme coins. The current market capitalization of FLOKI sits at $1.23 billion, making it the sixth-largest meme coin on the market. This slip in
Elon Musk, the CEO of Tesla Inc., recently had a high-profile $258 billion lawsuit against him and his company, Tesla, dismissed by U.S. District Judge Alvin Hellerstein. The lawsuit, filed by a group of Dogecoin holders in June 2022, accused Musk and Tesla of manipulating the price of Dogecoin through social media and public statements.
