Cryptocurrency broker Voyager became the next platform to announce stopping operations amid the market plunge. On July 1, the company said it temporarily suspends trading, deposits, withdrawals, and loyalty rewards. The team reported that they are in discussions with different parties over adding...
US financial regulator, the Commodity Futures Trading Commission submitted charges against South Africa-based crypto trading platform Mirror and its head Cornelius Johannes Steynberg for running a misleading pool worth over $1.7 bln in BTC. According to the agency's filing, Mirror was fraudulent...
The French court ruled against the Russian Alexander Vinnik, as a result of which he can be extradited to Greece, and then to the US. As lawyer Frederic Belomentioned, the court rejected the cassation petition with an appeal against the sentence of five years in prison: “As a consequence,...
Ruja Ignatova, the founder of the crypto Ponzi scheme OneCoin is now in the FBI's most wanted list. Ignatova, who's also known as the "Cryptoqueen" allegedly deceived investors and got away with $4 billion. The U.S. The Attorney's Office for the Southern District of New York announced...
Binance has announced a collaboration with vlogger Khabane "Khaby" Lame. An Italian of Senegalese origin with 144 million followers on TikTok has become an ambassador for the bitcoin exchange. Lame leads the ranking of TikTok accounts in terms of the number of subscribers. He attained...
The EU reached a deal on crypto regulations to stop illicit flows. A release by the organization says that the legislation is a part of the new anti-money laundering package and will be aligned with the Markets in Crypto-Assets (MiCA) conditions. The union of 27 countries will regulate the crypto...
Grayscale Investments initiated a lawsuit against the US Securities and Exchange Commission (SEC) after the regulator rejected an application to convert a GBTC trust into a bitcoin ETF. The regulator justified the verdict by inconsistency with the requirements for “preventing fraudulent and...
The price of bitcoin may recover to $28,000 by the end of 2022, according to Deutsche Bank experts. According to the bank's strategists Marion Labour and Galina Pozdnyakova, the growth will be associated with a rally in the US stock market. Experts have noticed that since November, cryptocurrencies...
Popular crypto exchange platform Coinbase intends to expand in Europe, registering in Italy, Spain, France, the Netherlands, and other countries. Coinbase VP Nana Murugesan said in a recent interview with Bloomberg that the company has welcomed its first employee in Switzerland. The business is...
Popular financier Robert Kiyosaki periodically comments on the situation in the cryptocurrency market. In the fall of 2020, he predicted the collapse of bitcoin after the appearance of the American vaccine against COVID-19. Now, the author of the acclaimed investor book Rich Dad Poor Dad believes...
Dan Morehead, the CEO of the hedge fund Pantera Capital expects more meltdowns in the crypto sector. According to Morehead, continuous mistakes by the Federal Reserve have had repercussions that are seen in crypto, where more major meltdowns are possible. Bloomberg reports Morehead wrote a note...
Top NFT platform OpenSea has warned customers of possible phishing attacks after reporting a data breach. OpenSea announced the news, saying that the leak happened as an employee of the company's email vendor Customer.io took advantage of their employee access to download and share email addresses...
Trading in the US ended with a decline in business activity indices. Capital with renewed vigor began to withdraw from risky assets, but the dollar index rose on Thursday, June 30, to 105 points. Bitcoin (BTC) is depreciating along with tech stocks. This morning, the BTC rate in Asia fell below...
A hurricane that struck Montana on June 11 damaged a power plant in Hardin that powers 30,000 miners at Marathon Digital Holdings. According to the statement, this hardware accounts for more than 75% of the firm's active mining capacity. It is expected that devices will be able to resume operation...
A British Virgin Islands (BVI) court ordered the cryptocurrency hedge fund Three Arrows Capital to liquidate assets. According to a report by the channel Sky News, a person close to the subject said that advisory firm Teneo will handle the insolvency of the 3AC. It means that the company is...
Amid the bear market, business analytics company MicroStrategy added its Bitcoin holdings, purchasing 480 BTCs for about $10 M. The company paid around $20,817 per BTC. A release by the company says now it holds around 129,699 bitcoins purchased for $3.9 bln at an average price of about $30,664 per...
BTC mining equipment and services provider Compass Mining has announced the resignations of CEO Whitt Gibbs and CFO Jody Fisher. “Compass Mining was founded to make mining easy and affordable. We acknowledge that there have been numerous setbacks and disappointments that have detracted from this...
Mark Lamb, the Chief Executive Officer of the cryptocurrency exchange platform CoinFLEX said investor Roger Ver owes the company $47 M in the USDC stablecoin. He tweeted that they have a contract with Ver which obligates him to guarantee his account’s negative equities and add margin. Lamb also...
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