Aiden Pleterski – a 23-year-old Canadian trader and self-described “Crypto King” – is being sued after allegedly failing to return at least $35 million to his investors. Authorities have already seized $2 million in assets from the Ontarian, including two McLarens, two BMWs, and a Lamborghini. Crypto Trader, or Fraudster? Pleterski ran a business called...Read More
With a decrease in the Cardano price, the environment flipped to bearish for a week. The asset is trading at $0.4586 as the bears took control of the market at the beginning of the week. The last three days have been overwhelmingly bullish, so the bulls still have a chance. Bulls May Outperform Bears Soon ...Read More
Douglas-based cryptocurrency exchange CoinCorner has partnered with Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to facilitate Bitcoin transactions in the United Arab Emirates (UAE). Under the agreement, Seed Group will aid in the expansion of CoinCorner’s operations across the emiratesand the wider Middle East as well as...Read More
The price of Bitcoin has dropped by 4.44% over the previous week, and it is now worth $18,992.77 after rising by 0.02% over the past hour. Bitcoin saw a severe bear market in the latter part of August as the bears seized power. The bears were driving prices below $19003.72 in the first week of...Read More
A Guatemalan circular Bitcoin economy known as “Bitcoin Lake” is leveraging Bitcoin ASICs to clean the nearby Lake Atitlán while generating income for the community. As Bitcoin Lake Founder Patrick Melder explained, the “Kaboom” mining project is repurposing used cooking oil to help mine Bitcoin, rather than pollute the local environment. Mining Helping the Environment?...Read More
South Korean law enforcement officers have reportedly confiscated around 260 billion won ($183 million) worth of cryptocurrencies from local individuals and businesses in two years as they were not abiding by local taxation laws. Not long ago, the authorities targeted the notorious leader of Terraform Labs – Do Kwon. He was accused of gifting tokens...Read More
Investors of the virtual real estate cryptocurrency Decentraland (MANA) and Sandbox (SAND) are losing hope following analysts predicting a 60.00% drop for the two tokens by the end of this year. In the ICO market, The Hideaways (HDWY), which offers more practical and utility gains than Decentraland and Sandbox looks set to pump hard. Analysts...Read More
Ethereum’s Merge has done a lot to shift the issuance dynamics of ETH, fulfilling most of what was estimated by analysts and the Ethereum Foundation prior to the transition. However, there are still some nuances that need clarification as to if and when ETH can become deflationary, and its supply would cease to expand. Let’s...Read More
The Commodity Futures Trading Commission (CFTC) has filed an enforcement action lawsuit against Ooki DAO, a crypto margin trading and lending platform for engaging in digital asset margin trading that only CFTC-registered Futures Commission Merchants (FCM) can perform. Ooki DAO also failed to adhere to customer identification requirements prescribed under the Bank Secrecy Act, the...Read More
