NFT Advert on Facebook by Crypto.com Taken Down by UK Advertising Authority
A sponsored Facebook ad for the crypto platform was reported by ASA. Crypto.com disagrees with the ASA’s assessment. On December 21st, Crypto.com had an NFT campaign prohibited by the Advertising…
Mercedes Benz Seeking Metaverse Trademarks
Mercedes-Benz files for NFT and metaverse trademarks.Mercedes formula one team previously released NFT tickets for Miami Grand Prix.Mercedes-Benz group, the German luxury automobile is planning to expand its empire in…
Italy and Albania lost to scammer over €15 million Crypto equivalent
Eurojust-organized operation in 13 places within Albania.The authorities seized assets worth over $3 million.The European Union criminal justice agency Eurojust engaged with Albanian and Italian law enforcement authorities to prevent…
Security Exchange Commission Warns Crypto Investors: “Be Wary Of Proof of Reserve ”
Since the demise of FTX, several crypto firms have commissioned “proof-of-reserves” audits.The change comes as the fallout from FTX has spread throughout the crypto industry.The Securities and Exchange Commission (SEC)…
Bitcoin Tends to Trail Significant Stock Market Bottoms
Bitcoin tends to bottom out at least six weeks before the S&P 500 Index.Delphi Digital shows that cryptocurrencies are riskier assets than stocks.Bitcoin (BTC), the dominant cryptocurrency in the global…
Brazil’s President Bolsonaro Signs Crypto Regulations Into Law
The new law establishes a crime of fraud involving virtual assets, with a penalty.It also creates a “virtual service provider” license .Brazil’s President Jair Bolsonaro approved a crypto regulatory bill…
Sam Bankman-Fried Released on a $250M Bail allowed to Stay at Parents’ House
The former FTX CEO can stay at his parents’ home in California. FTX founder Sam Bankman-Fried is to be released on bail, as ruled by a New York federal judge…
Binance Assists the DEA in Tracing Illicit Funds
Binance was used by a global drug cartel to launder millions of dollars. From $42 million in crypto, at least $16 million of which came from drug money.Binance, a major…
Firms Auditing Crypto Firms Being Watched Closely by U.S SEC
The SEC has voiced worry about investors being given a false sense of security.A number of cryptocurrency exchanges have advocated publishing evidence of reserves.Audit firms doing crypto company audits may…
DeFi has a Rapid Growth than Traditional Finance
DeFi’s total value locked surged to $50 billion in October 2022.Significant venture capital spent around $14 billion on 725 different crypto ventures in the first half of 2022.Despite the current…