The US Securities and Exchange Commission (SEC) charged Neil Chandran and seven other individuals and entities for orchestrating the fraudulent cryptocurrency investment scheme called CoinDeal. The suspects allegedly defrauded investors with around $45 million over the years and used the money to buy real estate, cars, and a boat. Halting the Crime The SEC accused Neil Chandran,...Read More
While Indian crypto exchanges lost a significant portion of their trading volume after new taxes for the sector came into force, the losses, so far, were referred to in percentage terms, with most estimates quoting them to be above 90%, compared to the previous year. Now, a new study has quantified the value of cumulative...Read More
2022 saw many crypto-assets lose value, prompting investors to pull their money from the market. During turbulent times, inflows plummeted massively. According to the latest report by CoinShares, the digital asset inflow was recorded at $433 million, the lowest in four years. The last time figures were hovering near the current level was in 2018,...Read More
According to the latest edition of Arcane Research, the entire market appears to be stabilizing even though there’s still some uncertainty left. Having said that, all eyes are on DCG’s next steps, which can further intensify downward price action. Bitcoin Volatility Nearing 30-Months Low Bitcoin’s current price action was defined as stale as its volatility...Read More
Creditors of the defunct cryptocurrency exchange Mt. Gox have received more time to select and register how they wish to receive compensation from the company. According to a document from the exchange’s trustee Nobuaki Kobayashi, the registration deadline, which was previously set as January 10, 2023, has been extended to March 10 (Japan time) after...Read More
The 2022 bear market does not appear to have waned as the sentiments do not appear to be in the favour of bulls. Despite a bullish start for the year 2023, the tokens are still expected to drop significantly to reach the lowest point that may mark the bottom of the current bear market. Until...Read More
The BONK price incepted the crypto markets with a blast and surged more than 300% in just a few hours. In a very less period, the Solana Shiba-INU-themed BONK gained huge attention which later impacted the SOL price which surged from a single-digit figure to as high as $13.60. However, the BONK prices have now...Read More
Binance, one of the largest crypto exchanges, faced a class action lawsuit on July 11, 2022, in the United States District Court for the Northern District of California. This was the first lawsuit filed by US-based Roche Freedom LLP, claiming that Binance misled Terra network investors by portraying Terra’s dollar-based UST as more stable than...Read More
Blue-chip DeFi protocol Balancer has issued a statement on Twitter and has warned certain pools’ liquidity providers to withdraw funds. Users of five liquidity pools are advised to withdraw all of their funds ASAP. According to a statement released by Balancer Labs, the company in charge of managing the development of Balancer (BAL) DeFi. The...Read More
