The development team behind the gaming project FinSoul has been accused of carrying out a massive exit scam, defrauding investors of $1.6 million through market manipulation. According to a recent report from blockchain security platform CertiK, the FinSoul team allegedly employed paid actors to pose as executives and raised funds under the pretense of developing a gaming platform. ……
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Optimism that the SEC will soon approve a spot Bitcoin ETF is growing and this is sending Bitcoin (BTC) and the broader crypto market higher on Friday. Bitcoin was last trading in the mid-$29,000s, up over 3% in the last 24 hours and up nearly 11% in the last seven days, as per CoinGecko…. Read…
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The United States Securities and Exchange Commission (SEC) has secured a default judgment against Thor Technologies and its Chief Executive David Chin. In an Oct 19 statement on its website, the SEC disclosed the current status of the case after it notched the judgment against the defendants in the U.S. District Court for the Northern…
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Allegations surfaced on Wednesday concerning Reddit moderators who are accused of dumping Moon tokens just minutes before the social media platform announced the termination of its blockchain-based community points program on October 17. The evidence comes from multiple on-chain data analytics and has caused controversy within the cryptocurrency community…. Read More: Reddit Moderators Accused of…
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YouTube crypto channels and other social media platforms play a crucial role in disseminating information and shaping retail investor sentiment. According to a recent analysis conducted by crypto research firm Delphi Digital, YouTube crypto channels are a key source of information for retail investors. … Read More: YouTube Crypto Channels Can Act as Key Information Source for Retail Investors:…
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Russia’s government intends to use the digital ruble to make welfare payments, and wants citizens to use the CBDC to pay their taxes. Per Finam, the Central Bank and the Ministry of Finance say they are “exploring the possibility of using the digital ruble for government payments,” and want to find ways to allow individuals…
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Terra Luna Classic (LUNC), the cryptocurrency that powers the original Terra blockchain that saw a spectacular blow up in May 2022 after is UST algorithmic stablecoin lost its 1:1 peg to the US dollar, is lagging the broader market on Thursday. Last at around $0.000055 per token and a market cap of around $380 million,…
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XRP (XRP), the cryptocurrency that powers the XRP Ledger launched over a decade ago by US fintech firm Ripple Lab, has jumped in the last hour following reports that the US Securities and Exchange Commission (SEC) has dropped lawsuits against two key Ripple executives. XRP was last trading close to $0.51, up around 4% on…
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Hardware wallet developer Ryder has announced the close of a $1.2 million raise and revealed the Ryder One hardware wallet featuring a recovery system designed to replace the typical seed-phrase process. In a press release shared with Cryptonews, Ryder said it raised $1.2 million from “industry heavyweights,” including Oak Grove Ventures, co-founder of Trust Machines…
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California has signed the Digital Financial Assets Law, raising concerns within the industry regarding the potential consequences of this legislation. On Friday, Governor Gavin Newsom signed the bill into law, aiming to regulate California’s cryptocurrency industry, which is home to nearly a quarter of the blockchain companies in North America…. Read More: California’s Crypto Regulation: Will It Push Firms Out? Read…
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