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 […]
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 […]
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 […]
John E. Deaton, a prominent lawyer representing XRP defendants, was honored with the Defender of Freedom Award by the International Congress of Blockchain Legal Advisors (ICBLA). This award recognizes Deaton’s exceptional dedication to defending the rights of XRP holders. Deaton expressed his gratitude for the award and highlighted the collective effort of the XRP community. […]
There were around twelve major security hacking incidents that occurred in a week which caused crypto losses of around USD 6.4 million or the equivalent of IDR 98.2 billion (assuming an exchange rate of IDR 15,357 per US dollar). Reporting from Coinmarketcap, Tuesday (26/9/2023), according to web3 security company CertiK, this loss was caused by […]
Binance Japan Inc. aims to introduce these three stablecoins, with the possibility of adding more in 2024, through its partnership with the trust banking arm of Mitsubishi UFJ Financial Group, according to Takeshi Chino, the unit’s general manager. The two companies have already begun joint studies on the issuance of these stablecoins, as stated in […]
Bitwise, a leading cryptocurrency firm, has bolstered its application for a spot Bitcoin exchange-traded fund (ETF). The company’s Chief Investment Officer, Matt Hougan, made this announcement on September 25. Hougan emphasized that if the U.S. Securities and Exchange Commission (SEC) does not ultimately approve a spot Bitcoin ETF, applicants will need to demonstrate the adequacy […]
Crypto Transactions in Indonesia Touch IDR 86.45 Trillion, Here’s the Response from Industry Players
The crypto market appears to be slowing globally, but in Indonesia it is experiencing interesting growth in the value of digital asset trading transactions. Data from the Ministry of Trade shows that in August 2023, the value of crypto asset transactions increased by 13.5 percent compared to the previous month, reaching a total of IDR […]