Cryptocurrency has served as a breeding ground for fraudulent schemes and scams, with the Austin family being the latest culprits apprehended by authorities in the United States. This father-son duo, Brandon and Eugene “Hugh” Austin, are facing charges of operating a significant cryptocurrency fraud, accused of embezzling more than $10 million from unsuspecting investors. The
Crypto
Binance, the leading cryptocurrency exchange in the world, is reportedly planning to lay off a significant number of employees as it confronts a legal dispute with US regulators. Although the CEO of Binance, Changpeng Zhao, has acknowledged the layoffs, he has disputed the reported figures concerning the terminated staff members. This article examines the situation
The world of cryptocurrencies and non-fungible tokens (NFTs) has undoubtedly revolutionized various industries, offering new opportunities and avenues for investment and digital art. However, with the rise of these digital assets, there has also been an alarming increase in cybercrime targeting unsuspecting victims. One recent case that stands out is the alleged theft of cryptocurrencies
Multichain, once a promising cross-chain router protocol, has found itself in a devastating situation. The company recently made the heart-wrenching decision to cease its operations due to a dire lack of operational funds. However, the financial struggles are not the only challenges faced by Multichain – its CEO, Zhaojun, is currently in police custody, adding
Renowned author and entrepreneur Robert Kiyosaki has once again voiced his support for bitcoin, gold, and silver, highlighting their significance in the face of the US government’s policies. In a recent tweet, Kiyosaki emphasized that the wealthy individuals will continue to accumulate wealth, indicating his belief in the potential of these assets. While the US
Attorneys representing Sam Bankman-Fried (SBF) have made a formal request to Judge Lewis Kaplan, seeking permission for select individuals to visit their client without the need for rigorous security checks. Currently, while SBF is allowed to reside at his parents’ residence in Palo Alto, California, he must comply with strict restrictions, including wearing an electronic
The team behind Base, in collaboration with Optimism, has made a major announcement – the mainnet of their Ethereum Layer 2 chain is now available for builders to deploy their products. This marks a significant milestone in the development of the Base ecosystem. In order to commemorate the early adopters of this platform, Base will
In just nine days, Shiba Memu, a revolutionary dog-themed memecoin, has generated an astounding $800,000 during its presale. This overwhelming response sets the stage for its official exchange launch and highlights the potential impact of this unique token. With a current purchase value of $798,000 worth of SHMU tokens, Shiba Memu is poised to shake
The cryptocurrency exchange Bybit has recently announced the opening of registration for the highly anticipated ‘2023 World Series of Trading (WSOT).’ This event, with a prize pool of up to $8 million worth of USDT, promises to be the most thrilling edition yet. Traders from around the world will have the chance to showcase their
