The blockchain gaming platform Animoca Brands seeks to raise around $1 billion for its latest Web3 and Metaverse investment fund during the year’s first quarter. The initiative comes in spite of the market decline and the FTX crash, which have vaporized much of the interest in cryptocurrencies. Special Attention on Web3 The Hong Kong-based Animoca...Read More
Magic Eden revealed that it will refund all the users who mistakenly bought unverified NFTs that showed up on the collection pages as a result of a recent breach. In a statement, the Solana-based NFT marketplace said that a bug was deployed in an update to two of its features – Snappy Marketplace and Pro Trade...Read More
Alex Mashinsky, the co-founder and former CEO of bankrupt cryptocurrency lender Celsius Network has been sued by New York Attorney General Letitia James for allegedly defrauding investors, including more than 26,000 New Yorkers, out of billions of dollars worth of digital assets. In an official press release, the AG alleged that before Celsius’ bankruptcy, Mashinsky...Read More
Logan Paul has been at the receiving end of seemingly endless controversies since his career took off as a media star. His two-year-old NFT venture – Crypto Zoo – is now under intense scrutiny. The latest development has ruffled a lot of feathers in the space. The crypto scam allegations are yet to fizzle out,...Read More
Solana has rallied for the week as the network continues to gain more users. Excitement over the new memecoin, Bonk Inu (BONK), coincided with the cryptocurrency’s rally. The asset is moving in stride, brushing off recent losses in connection with the FTX’s collapse. Solana is pulling through tough times. It’s rough for the Ethereum competitor,...Read More
Arcane Research, in a new report, has highlighted that investors should keep an eye on Digital Currency Group’s (DCG) prolonged financial troubles because it could have a negative impact on the cryptocurrency market. Analysts and investors have voiced a critical concern following the disclosure of Genesis’ issues: what would happen to Grayscale, a DCG subsidiary...Read More
A federal bankruptcy judge has ruled that crypto-assets deposited in Celsius Network’s “Earn” accounts do not belong to the customers. Instead, the funds in the interest-bearing accounts belong to the bankrupt cryptocurrency lending platform. In a 45-page written decision, Martin Glenn, the chief US bankruptcy judge in the Southern District of New York, determined that...Read More
Daniel Friedberg – the former leading lawyer of crypto exchange FTX – has reportedly given vital information to American prosecutors that could help the authorities during the lawsuit against Sam Bankman-Fried. The attorney is expected to appear in SBF’s trial in October to shed more light on the actions of the 30-year-old while being in...Read More
The former lawyer of bankrupt FTX, Daniel Friedberg, has agreed to disclose details of the company to US prosecutors as they investigate the collapse of FTX. This comes after the Manhattan US Attorney’s Office announced plans to form the FTX Task Force on January 3. This task force will focus on investigating and seeking recovery...Read More
The American authorities have reportedly seized or will soon confiscate 56 million shares of Robinhood tied to the former CEO of FTX – Sam Bankman-Fried (SBF). The 30-year-old recently sought help from a United States Bankruptcy Court to obtain control of the HOOD stocks. SBF Takes Another Punch According to a Bloomberg coverage, the American government...Read More
In a filing on Jan. 4, the financial regulator submitted a limited objection and reservation of rights. The SEC is pushing back on Binance’s U.S. division’s plan to buy bankrupt crypto lender Voyager Digital in a deal valued at around $1 billion. According to the agency, the purchase agreement does not include sufficient detail about...Read More
Cryptocurrency exchange Coinbase reached an agreement to pay a $50 million penalty to New York state’s Department of Financial Services to settle accusations that it enabled customers to open accounts without conducting necessary background checks. The regulator stated that Coinbase violated the New York Banking Law and the New York State Department of Financial Services...Read More
The Israel Securities Authority (ISA) could amend three of its existing monetary laws to squeeze in cryptocurrencies. The regulator’s proposals seek to grant investors maximum security when dealing with digital assets, reminding about the recent collapse of FTX and the severe losses it caused to consumers. Paying Attention to Crypto Israel’s financial watchdog proposed that...Read More
