A group of investors has filed a class-action complaint against Gemini Trust Co. and its founders, Tyler and Cameron Winklevoss, alleging that the U.S. cryptocurrency exchange sold unregistered securities in the form of interest-bearing accounts. The lawsuit comes about a month after Gemini halted withdrawals due to liquidity issues facing one of its business partners....Read More
The Solana ecosystem that was once heavily tied to Sam Bankman-Fried’s FTX has been badly wounded after the collapse. As debates accelerated over the prospects of Solana, its native token – SOL – has plummeted 96% from its all-time high of $260 in November last year. Adding to its woes, crypto asset management company Matrixport...Read More
Mike Novogratz – the CEO of Galaxy Digital – praised his company’s decision to purchase the bitcoin mining facility – Helios. The firm recently won the auction to acquire another cryptocurrency entity – the blockchain cybersecurity platform GK8. ‘Long-Term Believers in BTC’ In a recent tweet, Novogratz justified the Helios’ acquisition with the fact that...Read More
Blockchain protocol Coti announced the successful hard fork event – MultiDAG 2.0 – that aims to transition the ecosystem from a single currency infrastructure to a multi-token network. In a press release shared with CryptoPotato, Coti also revealed the launch of the Mainnet on December 29th, during which Explorer 2.0 was also deployed alongside the...Read More
Cryptocurrency has taken the world by storm in recent years, creating a passionate and ever-growing community of users. Three top contenders in this space are Oryen Network (ORY), Polygon (MATIC), and Cardano (ADA). These projects have set themselves apart from the rest with their innovative and user-friendly technology. All three of these platforms boast excellent...Read More
Analysts are constantly looking for the next significant cryptocurrency to revamp people’s hopes, especially after the damaging impact of the fall of FTX. The focus has been on one major thing: the long-term viability of such crypto coins and positive investment returns. It doesn’t matter if the crypto is a traditional coin, an altcoin, a...Read More
Cryptocurrency lender Celsius Network said it is preparing to file a motion requesting a deadline extension for users to submit their claims by another month. In its latest update, Celsius stated that the motion is scheduled to be heard by the bankruptcy court on January 10. The deadline will be extended until at least then....Read More
[PRESS RELEASE – Singapore – December 28, 2022] EQBR Holdings (“EQBR”), a Web3 business solution provider, announced that it will unveil EQ Hub, a next generation blockchain development platform at upcoming CES 2023 to be held in Las Vegas between January 5, 2023 and January 8, 2023. EQ Hub is a trailblazing product seeking to...Read More
[PRESS RELEASE – Toronto, Canada, 28th December 2022] Dr. Ming Wu, co-founder of Conflux Network, was invited to Hong Kong to speak with various government and private organizations about the digital economy, innovation and technology, and has reached an initial strategic cooperation intention. Conflux is already in the process of registering related entities for the...Read More
Former FTX CEO Sam Bankman-Fried, otherwise known as SBF, will enter a plea on January 3, 2023, regarding the criminal charges filed against him in the aftermath of the FTX collapse. The latest development comes shortly after the former crypto boss was released on bail following his arrest and extradition to the United States. According...Read More
The first hints of trouble started brewing back in October. At the time, 3Commas was accused of leaking API keys that allowed bad actors to take control of APIs sold to end users, with disastrous consequences. An automated trading platform, 3Commas provides customers with an API that they can then connect to exchange platforms in...Read More
Kraken announced plans to shut operations in Japan again, citing a weak global crypto market as well as market conditions in the East Asian country. In a statement, the San Francisco-based crypto exchange said it will deregister from the Financial Services Agency on January 31, 2023. Kraken explained, “Current market conditions in Japan in combination...Read More
The cryptocurrency platform Midas Investments disabled deposits and swaps due to severe financial losses caused by Celsius’ bankruptcy and FTX’s fiasco. CEO Iakov Levin said the organization will aim to focus on a new project next year that will be “fully transparent” and will offer an “improved investment experience.” Another Victim In a recent blog...Read More
