Sam Bankman-Fried (SBF), the once-revered wunderkind of the cryptocurrency world, has traded his penthouse for a prison dorm. Following his conviction for orchestrating a multi-billion dollar fraud at FTX, Bankman-Fried is facing a harsh reality far removed from his former life of luxury. SBF Subsists On Rice And Retro Games A recent interview conducted within […]
In a concerted effort to tackle the escalating threat of online fraud, state authorities in Thailand have joined forces, emphasizing the need to regulate peer-to-peer (P2P) transactions involving cryptocurrencies. Led by Prasert Jantararuangthong, the Minister of Digital Economy and Society (DES), the collaborative initiative aims to curb the rampant use of P2P channels by scammers […]
Philippine investors are being warned by the Securities and Exchange Commission (SEC) about the dangers of using unregistered online investment platforms. The latest target is eToro, a popular multinational online crypto trading platform with over 33 million users worldwide. eToro Not Registered In The Philippines According to the SEC, eToro is not registered as a […]
Iceland, the volcanic island nation famed for its stunning landscapes and clean energy production, is embarking on a new chapter. In a move that highlights a growing global trend, The country is shifting its focus from supporting the cryptocurrency mining industry towards bolstering domestic food production. Iceland Pivots: From Crypto To Crops This strategic decision, […]
As Sam Bankman-Fried, the founder and former chief executive officer (CEO) of defunct crypto exchange FTX readies for his prison sentence, prosecutors have formally requested the court to authorize the sale of two jets linked to the former crypto billionaire. With the defendant and his legal team already in agreement, the final step hinges on […]
In a passionate address to Columbia Law School, Gary Gensler, the Chair of the United States Securities and Exchange Commission (SEC), delivered a scathing critique of crypto industry participants who evade registration requirements. Promoting Transparency in Cryptocurrency Gensler’s speech focused on the need for transparency and mandatory disclosure in the cryptocurrency markets, drawing on the […]
As the crypto bull market rolls around once more, top meme coins Dogecoin and Shiba Inu have started vying for the position of best performer once again. The year 2024, despite only being three months in, has already been incredibly interesting in this regard as both meme coins rally to new yearly highs. Dogecoin Vs. […]
The winds of change are whistling through the global financial system. The BRICS alliance, a formidable economic force comprising Brazil, Russia, India, China, South Africa, and newly added members, is revving up its engine for a revolutionary new payment system. This system, fueled by the cutting-edge technology of blockchain, promises to disrupt the current dollar-dominated […]
After bitcoin data analytics provider Arkham Intelligence added Tesla’s Bitcoin wallet tracking feature to its dashboard, the crypto world once again began discussing Tesla’s Bitcoin holdings. As of this writing, Tesla has 1,789 more bitcoin in its wallet than it had in its most recent earnings report, when it reported 9,720 bitcoin. The current balance […]
The cryptocurrency market is abuzz with anticipation as multiple issuers vie for a spot on the Ethereum ETF landscape. Following the successful launch of spot Bitcoin products, the quest for Ether-based investment vehicles has gained momentum. However, the path ahead is fraught with challenges, as the US Securities and Exchange Commission continues to delay decisions […]
A joint investigation by Chainalysis, a crypto analytics firm, and International Justice Mission (IJM), an anti-slavery group, has uncovered a disturbing crypto scam operating out of Myanmar. The investigation alleges that a single company in Myanmar raked in a staggering $100 million over two years through a scheme known as “pig butchering,” the Financial Times […]
The crypto community is once again on high alert after hackers compromised the official X account (previously known as Twitter) of business intelligence firm MicroStrategy. The attack, which took place on Monday morning, involved the distribution of malicious links promoting a fake airdrop of a non-existent “MSTR” token based on the Ethereum blockchain. Unwary users […]