THORSwap Pauses Its Platform After Trades Linked to FTX Hack Incidents Oct 6, 2023, 13:24 GMT+7 THORSwap exchange announced on Friday that it is temporarily entering a “maintenance” mode following a series of transactions involving illicitly-acquired funds on the platform in recent days. In a statement to CoinDesk, a THORSwap developer expressed the team’s strong […]
EMAX investors have been given a final opportunity to amend their claims against celebrities accused of promoting the now-defunct cryptocurrency EthereumMax (EMAX), according to a recent court order issued by United States District Court Judge Michael Fitzgerald on October 3rd. The class-action lawsuit was initially filed against prominent figures such as boxer Floyd Mayweather, NBA […]
Indonesian YouTuber, Bro Omen, who has around 1.5 million subscribers, had to sell his YouTube account due to losses from crypto fraud. Not only that, Bro Omen also admitted that he had mortgaged his house for IDR 5 billion for crypto investment capital. In total, Omen spent up to IDR 10 billion in capital in […]
1. Ethereum Futures ETFs Debut in the US On October 2, nine Ethereum futures ETFs were introduced in the United States, a first of its kind. However, the excitement didn’t translate to massive trading volumes, with all nine ETFs seeing less than $2 million in total trading volume on the first day. The most popular […]
The former boss of crypto company Terra Labs, Do Kwon, admitted to falsifying trading volumes, according to court documents from the US Securities and Exchange Commission (SEC). An SEC filing on Sept. 22 shows a text message exchange between Do Kwon and Daniel Chin, the founder of payment app Chai, in which Do Kwon told […]
Bitcoin (BTC) ended the first U.S. trading day of the week in positive territory, but it relinquished some gains as the U.S. 10-year yield surged to its highest level in over 16 years. Over the past 24 hours, the world’s largest digital currency slipped into the red, experiencing a 1.57% decline. Meanwhile, despite high expectations, […]
Rich Dad Poor Dad author Robert Kiyosaki has warned of the risk of the United States (US) central bank or the Federal Reserve (the Fed) launching a central bank digital currency (CBDC). In a post on platform X, formerly known as Twitter, Robert Kiyosaki said that the Fed’s central bank digital money is coming. When […]
Judge Lewis Kaplan issued an order stating that Bankman-Fried’s emphasis on implicating FTX’s lawyers in certain company decisions carries the potential to confuse or prejudice the jury. The judge expressed concerns about the risk of confusion and unfair prejudice to the government if the defendant were to focus on the presence or involvement of lawyers […]
On September 28, U.S. Representative Don Beyer introduced the “Off-Chain Digital Commodity Transaction Reporting Act,” which mandates trading platforms to report all transactions to a repository registered with the Commodity Futures Trading Commission (CFTC). The new legislation aims to protect cryptocurrency investors from disputes, manipulation, or fraud potentially arising from transactions occurring off-chain or beyond […]
On September 28, the U.S. Securities and Exchange Commission (SEC) filed several documents related to pending spot Bitcoin exchange-traded funds (ETFs). These filings serve as orders that initiate proceedings through which the SEC will determine whether to approve or reject proposed rule changes. If these rule changes are approved, it could pave the way for […]