Category : Blockchain

Blockchain

CFTC Nabs 2 Crypto Fraudsters Involving in a $44M Ponzi Scheme

Two suspected cryptocurrency fraudsters Sam Ikkurty of Portland, Oregon, and Ravishankar Avadhanam of Illinois have been charged by the United States Commodity Futures Trading Commission (CFTC) for illegally soliciting as much as $44 million through...

LUNA and UST Crash Could Have Been Averted if Bitcoin Reserves were Used Earlier, Binance CEO Says

The collapse of LUNA and UST, the native tokens of the Terra network, could have been avoided if the Luna Foundation Guard (LFG) had used its Bitcoin reserves earlier, according to Binance CEO Changpeng Zhao (). Sharing his insights on the Binance...

81% of Americans Would be Motivated to Exercise if they Got Crypto Earnings, Study Shows

81% of Americans would be encouraged to work out if they were to receive cryptocurrency rewards, to a survey by fitness platform FitRated. The study interviewed more than 1,000 people with distinctive investing experiences, body types, and backgro...

Is Bitcoin Edging Closer to the End of a Bear Market?

The back and forth experienced in the Bitcoin (BTC) market might soon come to an end based on various indicators, according to a crypto analyst under the pseudonym PlanB. PlanB, who is the creator of the Stock-2-Flow (S2F) model, : “Realized...

Luxury Watchmaker TAG Heuer to Accept Crypto Payments

TAG Heuer, a Swiss luxury watchmaker that designs, manufactures, and markets watches and fashion accessories, on Friday that it will allow customers to purchase products using cryptocurrency payments. The luxury watchmaker named Bitcoin, , Dogecoi...

Ethereum Merge Might Happen in August as Testing Enters Final Round

Speaking at the Permissionless 2022 Conference in Florida, the U.S., Ethereum Researcher Justin Drake disclosed that the merge of Ethereum (ETH) might happen in August. Market insight provider Bankless . He noted: “Strong desire to make this...

Prosecutors Investigate Do Kwon with Ponzi Fraud Charges amid Terraform Labs Dissolvement

Do Kwon’s scandal seem to be deepening. Prosecutors are investigating whether they will file Ponzi fraud charges against him following the Terra crash, to The Korea Times. This comes a day after LUNA and UST investors a legal complaint against D...

Terraform Labs, Luna Foundation Guard Bought 3.06m AVAX in total: Avalanche Foundation

The Avalanche Foundation announced via Twitter on Friday that Terraform Labs and the Luna Foundation Guard (LFG) have purchased 3.06 million AVAX in total. The announcement came following an inquiry from members of the Avalanche Community about the...

Australias Commonwealth Bank Halts Crypto Rollout

Commonwealth Bank of Australia (CBA) announced on Thursday that it has paused the rollout of cryptocurrency trading through its banking app amid uncertainty in the market. In November, the largest bank in Australia announced plans to allow its cust...

Brazilian Digital Bank Neon Triples Annual Revenue in 2021 as Demands Stays Strong

Brazilian digital bank Neon announced on Thursday that its revenues grew 3x in 2021. Neon stated that it expects to see its revenue rise more than double this year. The digital bank further disclosed that it doubled its headcount from 800 to 1,600...

(Rejected) Brazilian Digital Bank Neon Triples Annual Revenue in 2021 as Demands Stays Strong

Legalizing Crypto Payments Will Happen "Sooner or Later": Russia Trade Minister

Within months, the sentiments to ban in Russia have , and at present, key government officials are the ones advocating for ways to incorporate the nascent asset class into the system. In a recent revelation, Russia’s Minister of Industry and Trad...

a16z Floats $600m Gaming Fund

After more than a decade of actively investing in the gaming industry, Andreessen Horowitz (a16z) wants to further exert its influence in that space. In order to do this, the investment giant has a $600 million fund which it believes will help po...

Multiple Hosting Site Power Cuts Plunges Bit Digital Mining Hashrate by 46.8%

Bit Digital Inc, one of the publicly listed cryptocurrency mining companies in the United States has a major halt in its operations at some of its third-party hosting sites. According to the company, its hosting partner Blockfusion USA Inc said t...

More Troubles for Do Kwon as S. Korea Levies $78M Tax Evasion Fine

Terraform Labs is currently being charged with tax evasion fraud by the South Korean National Tax Service, a move that complicates matters for the startup that is trying to salvage its collapsed blockchain ecosystem. Tax Evasion Charges With Proof...

HDAO Launches New Burning Mechanism, 50% of Tokens in Total to be Burnt

The foundation of HDAO (HKD.com DAO) announced to rolling out of a new burning mechanism aiming to destroy 50% of the total amount of HDAO tokens. The burning mechanism was introduced following unanimous approval from stakeholders in the hope that...

Bahamas’ Sand Dollar CBDC Begins Facial-Recognition Rollout to Authorize Mobile Payments

Sand Dollar CBDC has continued to advance its usage and started addressing the issue of user authentication. SunCash, a financial institution authorized to provide Sand Dollars in the Bahamas, announced on Thursday that it has partnered with PopID...

Argo Blockchain Announces 1st Quarter Financial Results

Argo Blockchain has released its financial report for the first quarter of 2022. It showed total quarterly revenue of $19.52 million, up from $17.84 million in the same period last year, attributed to an increase in hash rate over the past year. Th...

Goldman CEO "Big Believer" in Blockchain

While the digital currency ecosystem has persisted to revolve in its bearish cycle, a number of financial industry veterans have continued to validate the technology backing the . One of the latest of these experts is David Solomon, the Chief Exec...

SEC Chair Gensler Seeks More Funding for Regulatory Programs

The US Securities and Exchange Commission (SEC) is seeking additional money to fund its emerging programmes to facilitate its initiatives and cover additional costs, the SEC Chair told the House Appropriations Subcommittee on Financial Services and...

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