The U.S. Commodity Futures Trading Commission (CFTC) has recently concluded a case against a South African company involved in crypto fraud. In an announcement made on September 7, the CFTC disclosed that a judge has entered a consent order against Mirror Trading International Proprietary Limited (MTI), holding the company accountable for various types of fraud.
Meme coins have gained significant attention from both the crypto community and the general public. These cryptocurrencies, known for their blend of humor, culture, and financial speculation, have become social phenomenons. One project that has drawn attention is Wall Street Memes, which has brought a new crowd to the market with its million-strong social media
Binance, one of the leading cryptocurrency exchanges, has been surrounded by rumors and negative news lately, causing fear, uncertainty, and doubt (FUD) among investors. However, CEO Changpeng ‘CZ’ Zhao has taken to Twitter to address these concerns and reassure customers about the company’s financial position and employee retention. Despite the market uncertainty, CZ firmly asserts
Crypto lender Celsius Network has taken legal action against EquitiesFirst Holdings by submitting an “adversary complaint” in an attempt to recoup assets from the private lender. The complaint states that EquitiesFirst owes Celsius $439 million, consisting of $361 million in cash and 3,765 BTC as of July 2022. Celsius is seeking injunctive relief and a
In a shocking revelation, the Federal Bureau of Investigation (FBI) has identified the North Korean Lazarus Group as the mastermind behind the recent $41 million hack of crypto gambling site Stake. This notorious cybercrime organization has a long history of carrying out sophisticated attacks, and the FBI has linked them to over $200 million in
In a shocking turn of events, former FTX co-CEO Ryan Salame is set to plead guilty to criminal charges against him, according to a report by Bloomberg. Salame, who was jointly responsible for FTX Digital Markets alongside Sam Bankman-Fried, is scheduled to appear at the Manhattan federal court to enter his plea. This development comes
Tamadoge, a leading web3 games platform, has recently unveiled an exciting new burn program aimed at enhancing the scarcity and value of its native token, $TAMA. This comprehensive strategy focuses on reducing the circulating supply of $TAMA by implementing three distinct methods: Mega Burns, Community Burns, and Platform Revenue Burns. To kickstart the burn program,
Mirae Asset Securities, one of the major finance powerhouses in Korea, has recently partnered with Polygon, a popular blockchain network. This collaboration has sparked curiosity about how it will affect the price of Polygon’s native cryptocurrency, MATIC. With Mirae Asset Securities’ extensive influence and Polygon’s innovative blockchain technology, the partnership holds the potential to drive
The world of gaming is constantly evolving, and the recent Korea Blockchain Week showcased the groundbreaking work of Planetarium Labs. As a key player known for developing community-driven Web3 gaming experiences, Planetarium Labs unveiled two highly anticipated titles at the Web3 Game ‘Unplugged’ event. Co-hosted by Animoca Brands and Intella X, this event provided gaming
The rapid growth of crypto-assets, including Bitcoin and stablecoins, has caught the attention of global financial regulators. The International Monetary Fund (IMF) and the Financial Stability Board (FSB) recently published a report commissioned by G20 under India’s leadership, which highlights the need for a comprehensive framework to regulate these digital currencies effectively. The report emphasizes
