CZ & Binance Sued Over FTX Downfall.
A California resident named Nir Lahav has filed a class-action lawsuit against Binance and its CEO, CZ.Lawsuit claims Binance and CZ violated laws by harming competitor FTX in an alleged…
CFTC Targets Mosaic Exchange Limited in Alleged Crypto Fraud Case.
CFTC Commissioner calls Mosaic exchange scheme a ‘sham’ and ‘virtual house of cards.’The US commodities regulator has targeted yet another crypto exchange for allegedly running a “fraudulent” digital asset commodity…
AirBit Club Co-Founder Sentenced to 12 Years in Prison for Crypto Pyramid Scheme.
Six AirBit executives had previously pleaded guilty for their roles in the Ponzi scheme.Pablo Rodriguez – the co-founder of the cryptocurrency pyramid scheme AirBit Club – was sentenced to 12…
Toncoin (TON) Witnesses Brief Correction; Further Decline Likely?
TON has decreased in value by 5.81% in the last 7 days as per data from CMC.The price has faced brief correction after encountering resistance at $2.58 level.The crypto market…
Result of HTX’s $8M Hack on Centralized Crypto Exchanges.
Crypto experts believe the unending hack incidents are damaging the industry’s reputation.Earlier this week, cryptocurrency exchange HTX, formerly Huobi, lost roughly 5,000 ether (ETH) worth $7.9 million to a hacker.…
Bybit Teams Up with American University of Sharjah for Unique Hackathon.
Bybit, the third-most visited cryptocurrency exchange globally, is collaborating with American University of Sharjah (AUS) to organize an inter-college hackathon that will enable students to build innovative AI and cryptocurrency…
CZ Addresses CommEX FUD Following Binance’s Russian Exit.
CZ is not the ultimate beneficial owner of CommEX.Binance announced the sale of its Russian entity to a relatively unknown company called CommEX, the transaction of which raised several questions…
Epic Games Downsizing Blamed on ‘Unrealistic’ Metaverse Goals
Epic is offering six months of pay to all laid-off employees.Fortnite developer – Epic Games – has confirmed reports about laying off around 16% of its employees, affecting nearly 830…
Circle Claims Stablecoins are Not Securities in Binance Lawsuit.
Circle argues that stablecoins like BUSD and USDC are not investment contracts and fall outside SEC jurisdiction.In a significant development in the ongoing legal battle between the U.S. Securities and…
Crypto. com Partners PayPal to Become Preferred Exchange for PYUSD.
The crypto trading platform has amassed and now holds the deepest liquidity for PYUSD trading pairs globally.Leading digital asset exchange, Crypto.com, announced a partnership with global payments giant PayPal to…