Emergency Action Filed Against BKCoin Over $100M Fraud by SEC
BKCoin collected almost $100 million from at least 55 investors.The defendants utilized over $3.6M in investor money to make Ponzi-like payments.For masterminding a $100M crypto fraud scheme, the U.S. Securities…
Vitalik Buterin Contributes $15M USDC Towards Airborne Diseases Research.
This grant is said to be the largest ever contributed to open-source research on aerosols. The study group will be headed by Prather and Rommie Amaro.Vitalik Buterin, the co-founder of…
Coinbase Introduces ‘Wallet as a Service’ To Boost Web3 Accessibility.
The goal is to remove the technical complexity associated with independent digital wallets.Coinbase wants to make wallet setup as simple as creating a username and password.On Wednesday, Coinbase introduced a…
Facebook Parent Company “Meta” Reportedly Planning to Sack employee This Week – Affecting Thousands
It has been speculated that Meta is doing this “to become a more efficient organization.”In its first-ever mass layoff, Meta fired 11,000 employees, in November of last year.A number of…
Whales Move Millions of XRP Tokens Amid Recent Court Ruling
Judge released her ruling on the parties’ petition to exclude expert evidence.Whales have traded over 364 million XRP, approximately worth $135 million. The most recent verdict in the US SEC…
CBDC Is an Alternative for Cryptocurrency – RBI
The Executive Director of the RBI let out glimpses of the CBDC plan. 50,000 users and 5,000 merchants at present are for real-world testing. Ajay Kumar Choudhary, Executive Director of…
A Beginner’s Guide: What are Crypto Bubbles?
Are the dramatic rise and consecutive demise of bullish rallies of assets in the stock market or the highly volatile crypto market normal? Do they indicate any specific economic phenomenon?…
Bitcoin Miner Canaan Reports 82.1% Revenue Decline in Q4 2022.
Canaan saw a 368.2% increase in mining income, to the tune of $10.46 million.The firm’s net income shifted to a loss of $63.6 million in Q4 2022.Canaan, a Chinese Bitcoin…
Court Approves Binance U.S to Purchase Assets of Insolvent Voyager.
Voyager will sell Binance the assets worth $1 billion under the supervision of a US court.The judge voiced his displeasure with the SEC’s decision to halt the transaction. After much…
Babel Finance Plan to Launch A New Stablecoin To Repay Debtors.
Babel co-founder Yang Zhou is now the company’s sole director. A completely reserved stablecoin dubbed HOPE is proposed as part of restructuring plan. According to a report by Bloomberg, Babel…