Alexander Vinnik, co-founder of BTC-e, is currently being held in the United States on charges of money laundering, aiding ransomware attacks, identity theft schemes, and drug trafficking. The US Department of Justice originally charged Vinnik in 2017, and BTC-e was seized and halted by US authorities in July 2017. Prisoner Swap According to The Wall
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Shaquille O’Neal, a well-known basketball player in America, is currently facing a class-action lawsuit for promoting the Solana-based crypto project, Astrals. The lawsuit was filed by Daniel Harper in a Floridan court, claiming that Shaquille promoted the Astrals token through posts and videos on his social media handles. About Astrals Astrals is a 3D-modeled NFT
Multichain users have reportedly been experiencing delays in receiving their funds following a recent upgrade of the cross-chain router protocol. There have also been rumors circulating about the arrest of the Multichain team, although these have not been confirmed. According to complaints from several Multichain users, their funds have been stuck in the protocol for
Fabio Panetta, a board member of the European Central Bank (ECB), has emphasized the importance of a digital euro to ensure that central bank money continues to be used as people increasingly turn to digital currencies. In an interview with Les Echos, Panetta, who is leading the ECB’s central bank digital currency (CBDC) project, said
OPNX co-founder Mark Lamb has announced that its bankruptcy tokenization product will be available for Celsius users in a week. The product will help users with funds frozen on defunct crypto platforms to unlock their underlying value and recoup their locked funds. OPNX went live on April 4, offering spot and derivative trading. However, its
In the complex world of cryptocurrency trading, finding the next profitable investment can be a daunting task. However, Launchpad XYZ aims to simplify this process by streamlining the often fragmented Web3 space, making it easier for investors to navigate and invest in the digital future. Recently, Launchpad XYZ’s presale for its utility token, $LPX, has
While Bitcoin and Ethereum are currently facing a downturn, meme coin prices continue to dominate charts. In the latest surge, the new coin $BIBLE saw an impressive 37% increase following exchange listings. While currently experiencing a minor retracement, $BIBLE appears to be bouncing back with consolidatory footing. However, key indicators are shifting bearish, with the
Hong Kong is preparing to introduce new regulations for virtual asset regulation. The Securities and Futures Commission (SFC) has released its conclusions from weeks of consultation on regulatory guidelines for cryptocurrency platforms. The new guidelines will come into force on June 1, and Hong Kong crypto exchanges will have to seek licenses under the Securities
yPredict is a new crypto trading and market intelligence platform that has been developed using state-of-the-art predictive models and data insights. It is also a first-of-its-kind, institutional-grade crypto price prediction system that is powered by yPredict’s in-house deep data analysis. This tool will help crypto investors discover the next explosive crypto with ease. The best
Cameron and Tyler Winklevoss, the founders of Gemini, are reportedly considering opening a second headquarters in the United Kingdom. The move comes as regulatory scrutiny increases in the United States. Several crypto exchanges have complained about the regulatory environment in the US, as regulators have doubled their enforcement actions against crypto firms in response to
The world of cryptocurrency has taken the financial industry by storm, with digital assets like Bitcoin, Ethereum, and Dogecoin surging to new heights. Futures contracts allow traders to speculate on the future price of a particular cryptocurrency, with the potential for profits if they correctly predict market movements. However, it is important to understand that
CEDEN Network Ltd, a Network-as-a-Service (NaaS) open-source infrastructure company, has acquired Galaxy Rendered Limited, a Web3 gaming innovator, for an undisclosed sum. The acquisition strengthens the foundation of the EDEN Content Creation Ecosystem with a wholly-owned subsidiary Web3 development studio and its debut metaverse game title, Rocket Monsters. The Acquisition The acquisition of Galaxy Rendered
UPbit, a South Korean exchange, announced that the Digital Asset Exchange Association (DAXA) has removed investment warnings on KAVA and WAVES and resumed deposits for these assets. DAXA had issued warnings about KAVA and WAVES in the past when stablecoins linked to them were discovered to be “not normally linked to 1 dollar”. At the
Bitcoin, the primary cryptocurrency, saw a reversal of its trajectory after slipping to $26,600 on Bitcoin pizza day, rising by almost $1000. Other altcoins like Ethereum (ETH), Polygon (MATIC), Shiba Inu (SHIB), Tron (TRX), and Avalanche (AVAX) also saw a slight increase, jumping by around 3% daily. Glassnode, an analytics resource, acknowledged that BTC had
Bitcoin NFTs have recently secured the second spot in the NFT sales per blockchain, proving their growing prominence in the market. This is a significant achievement since Bitcoin NFTs were almost non-existent until the emergence of Bitcoin Ordinals earlier this year. Over the past 30 days, Bitcoin NFTs recorded gross sales of $167 million, which
Upstream, a Web3 infrastructure company, is set to launch a comprehensive 24-week program called “My First DAO” to educate individuals interested in building decentralized autonomous organizations (DAOs). The program aims to cover topics such as governance structures, tokenomics, and compliance concepts, providing participants with the necessary tools for creating autonomous online communities. What sets this
ConsenSys, the blockchain firm behind MetaMask, recently issued a clarification that its self-custodial wallet does not collect taxes on crypto transactions. The company addressed rumors that had been circulating on social media, stating that the rumors were based on inaccurate information. The clarification comes after several users raised concerns over MetaMask withholding customers’ crypto assets
Web3 game development is revolutionizing the gaming industry by creating games that seamlessly interact with public blockchains. Blockchain-based game development platforms, such as Unity and Unreal Engine, are paving the way for developers to create engaging games with innovative features such as Non-Fungible Tokens (NFTs) and cryptocurrencies. In this article, we will explore the best
Hotbit, a cryptocurrency exchange based in Shanghai, has announced that it will cease all operations on May 22nd, citing the increasing complexity and regulation of centralized exchanges. The platform has urged its users to withdraw their remaining assets before June 21st. Reasons for Closure The team behind Hotbit believes that centralized exchanges are becoming increasingly
The South Korean crypto exchange Coinone has been embroiled in a listing scandal, which has led to the indictment of four individuals, according to The JoongAng newspaper on May 21. The indictment was brought against Coinone listing team leader Kim Mo and Coinone listing broker Hwang Mo, as well as two others who were not
Pascal Gauthier, the CEO of Ledger, recently addressed concerns over the new Recover program, which allows user wallet seeds to be shared and stored by three different parties. The crypto community raised concerns that shard holders could reveal user seeds or gain direct control of user wallets through this feature. Gauthier Addresses Concerns on What
Bitcoin has experienced losses recently after failing to overcome the $27,000 mark over the weekend. The asset slipped by almost $500 earlier today, charting a new multi-day low. This lack of substantial volatility has seen its market capitalization decline to $520 billion once again. Bitcoin tried twice last week to take down $27,500, but ultimately
Hotbit, a China-based cryptocurrency exchange, has announced that it will cease operations on June 21, 2022. The company has cited several challenges that have impacted the industry and its operating conditions as reasons for the decision. In a statement released on May 22, the exchange urged its users to withdraw their assets before the deadline.
The US Department of Justice (DOJ) has charged Bryan Lee, a Las Vegas resident, with conspiring to defraud investors in a $45 million cryptocurrency scam. Lee is accused of working with Neil Chandran and other parties to defraud over 10,000 investors through one of the companies controlled by Chandran. The DOJ alleges that Lee was
A Russian man named Mikhail Pavlovich Matveev has been charged by US authorities for his alleged involvement in multiple ransomware schemes that earned him and other attackers nearly $200 million, much of which came through cryptocurrencies. These ransomware attacks targeted hospitals, schools, and police departments, among others. Matveev was reportedly part of three different ransomware
ConsenSys, the owner of Ethereum wallet MetaMask, has clarified that it does not collect taxes from cryptocurrency users. The company made this statement in response to rumors circulating in the crypto community that MetaMask and ConsenSys’s terms of service indicated that certain parties were required to pay taxes, and that MetaMask could freeze user funds
Pudgy Penguin’s recent foray into the world of physical toys has taken Amazon by storm. The launch of their NFT-inspired toy collection has ignited speculations about a potential resurgence for the NFT market. Within the first two days of the launch, Pudgy Penguin’s toy collection garnered an astounding $500,000 in purchases, surpassing all expectations. More