The U.S. Securities and Exchange Commission (SEC) recently filed charges against two brothers, Jonathan Adam and Tanner Adam, for orchestrating a Ponzi scheme that defrauded over 80 individuals of a staggering $60 million. The complaint, lodged in the United States District Court for the Northern District of Georgia, revealed that the siblings had falsely claimed
admin
Ethereum (ETH) has been experiencing a lackluster performance in the market lately, with the price struggling to break past the $2,600 mark. According to critical data from Farside Investors, interest in Ethereum ETFs has been on the decline, adding to the overall cautious sentiment surrounding ETH. This decrease in interest may signal broader concerns about
The crypto world is built on the idea of decentralization, with the goal of reducing the influence of a few entities. However, recent data has shown that popular project tokens like Polygon (MATIC) and Shiba Inu (SHIB) are facing high concentrations of holdings among the top wallets. This level of centralization can lead to increased
Ethereum co-founder Vitalik Buterin has once again made headlines within the crypto community by moving a substantial amount of ETH. Recent reports have indicated that Buterin transferred 800 ETH, valued at $2.01 million, to a multisig wallet. Following this transfer, 190 ETH from the wallet was exchanged for 477,000 USDC, a stablecoin pegged to the
The Financial Times reported that crypto firms are increasingly turning away from the UK due to burdensome and time-consuming regulatory processes. According to law firm Reed Smith, registrations for crypto exchanges and custodian wallet providers with the Financial Conduct Authority (FCA) have dropped by more than 50% in the past three years. This decline signals
The Nigerian Securities and Exchange Commission (SEC) has recently approved two local crypto exchanges, namely Busha Digital Limited and Quidax, to operate under the Accelerated Regulatory Incubation Program (ARIP). This initiative is part of the SEC’s efforts to encourage innovation and protect investors in the digital asset space. The Approval-in-Principle granted to Busha Digital Limited
The past week has been a wild ride for Bitcoin and the cryptocurrency markets. Starting with a significant surge in price on Saturday, with BTC reaching over $64,000, the rally was short-lived. By Wednesday, the price had plummeted by over $7,000, dropping below $58,000. Despite a slight recovery attempt on Thursday, Bitcoin continues to struggle
Recently, Floki Inu (FLOKI) experienced a significant drop of nearly 20%, causing it to lose its position among the top 5 meme coins. The token’s price is now hovering around $0.0001272, with a market capitalization of $1.23 billion, placing it at the sixth position. Bonk Inu (BONK) surpassed FLOKI to claim the fifth spot with
Blowfish Studios, known as Animoca Brands’ flagship game studio, is currently in the process of developing an exciting new multiplayer PvP game called DarkTimes. This medieval-themed game is set to revolutionize the gaming world by integrating the Sui blockchain, with assistance from Mysten Labs. Drawing inspiration from Nordic mythology, DarkTimes takes players into a dark
Elon Musk, the CEO of Tesla Inc., emerged victorious in a high-profile lawsuit worth $258 billion alleging him and his company of manipulating the price of Dogecoin (DOGE), a meme-based cryptocurrency. U.S. District Judge Alvin Hellerstein ruled in favor of Musk and Tesla, thereby dismissing the claims brought forth by a group of dissatisfied investors.
