Faruk Fatih Özer – the founder of crypto exchange Thodex – has been extradited to his home country, Turkey, where he faces charges of fraud and operating a criminal organization. Thodex was one of the largest crypto exchanges in Turkey. It later turned out to be an exit scam, with Özer disappearing with $2.6 billion...Read More
In a landmark ruling, Hong Kong’s High Court declared crypto as property that can be held in trust. This marks the first time such a decision regarding asset class has been made in the city-state. The ruling, which was handed down in liquidation of a case involving the now-defunct crypto exchange Gatecoin, essentially puts crypto...Read More
Bitcoin has shown immense resilience this year. While the overall rally hasn’t been smooth sailing per se, it holds significance as it came against the backdrop of the banking scandal. This essentially represented a shift in investor sentiment shifted toward viewing Bitcoin as a hedge against banks. According to the latest report by the market...Read More
Uwerx will be a new crypto project looking to disrupt the market for freelance workers. By leveraging that fast-growing sector, Uwerx can see strong gains in 2023. The crypto market rebound is likely to be slow, and coins like Ethereum (ETH) and Ethereum Classic (ETC) will face an uphill battle for returns. Ethereum (ETH) Flops...Read More
Many investors looking for long-term profitability are gravitating towards Sparklo, a project in its presale run that could overhaul an entire industry! And with prominent tokens such as Solana (SOL) and Toncoin (TON) slowly falling down the charts, experts believe this crypto newcomer may outperform them in 2023. Keep on reading and find out why! ...Read More
The authorities of Venezuela have reportedly urged local bitcoin miners to temporarily halt operations while inspecting a major corruption scheme that could have drained up to $20 billion. People who are part of President Maduro’s inner cycle are suspected of orchestrating the crime that involved the national oil and gas company – Petróleos de Venezuela....Read More
Damian Williams, the US attorney for the Southern District of New York, has requested a seven-year sentence for Reginald Fowler, the alleged executive in a crypto shadow banking business that operated in 2018. According to an April 18 filing, Fowler’s court case has dragged on for five years, and he is scheduled to be sentenced...Read More
[PRESS RELEASE – San Francisco, United States, April 21st, 2023] Introducing Flow: The Game-Changing NFT Ecosystem Set to Revolutionize the NFT Market. Aggregator Beta Launches on Ethereum Mainnet. Groundbreaking AI and Rollup-Centric Roadmap Unveiled; Anticipated Token Launch on April 30. Flow’s aggregator makes NFT bidding a breeze with their groundbreaking “place bid once, buy from...Read More
The New York State Department of Financial Services (NYDFS) said it will start billing cryptocurrency entities registered in the state in exchange for annual examination and supervision. Superintendent Adrienne Harris explained the fees will be different for each organization, depending on their size and complexity. Bringing Crypto Closer to Banks The NYDFS stated the new rule will...Read More
