Can stablecoins save US freelancers from Venmo fee hike? Industry weighs in
According to Dan Romero, as Venmo introduces higher fees, stablecoins could emerge as a potential lifeline for 1099 workers.
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US SEC Charges Convict and Associates for $30M Fraudulent ICO
The United States Securities and Exchange Commision has charged a group of criminals, who raised over $30 million through a fraudulent initial coin offering (ICO).Per a Jan. 12 press release, the SEC charged convicted Boaz Manor, his business associate, and two companies, CG Blockchain Inc. and BCT Inc. SEZC, with violating the antifraud and securities…
Floyd Mayweather and DJ Khaled Escape Lawsuit Brought by Defrauded ICO Investors
High-profile boxer Floyd Mayweather and music producer DJ Khaled have been dismissed from a lawsuit brought by investors in a fraudulent initial coin offering (ICO,) according to a court document filed on May 13.The celebrities had been involved in promoting Centra Tech’s ICO — but a judge has ruled that the investors who brought the legal…
August sees 215% rise in crypto phishing, $55M lost in single attack
The majority of the stolen funds is accounted for a major phishing incident that cost an unfortunate user $55 million.
Chainlink launches price feeds on Solana to provide data to DeFi developers
Solana co-founder Anatoly Yakovenko noted that the integration will be beneficial to DeFi developers building on the platform. 118 Total views 23 Total shares Blockchain oracle platform Chainlink has announced the launch of its price feeds on the Solana blockchain. The integration allows decentralized finance (DeFi) developers to use the feeds within their decentralized applications (DApps). In…
CFTC and SEC propose amending reporting rules for large hedge funds on crypto exposure
The two U.S. financial regulators cited the growth in the hedge fund industry as the reason for the proposed change, due in part to digital asset investments becoming more common. 196 Total views 7 Total shares The United States Securities and Exchange Commission, or SEC, and the Commodity Futures Trading Commission, or CFTC, has proposed…
Malaysian regulators add Huobi to investor alert list
The Securities Commission of Malaysia says Huobi is operating without official registration from local regulators. The Securities Commission (SC) of Malaysia issued a statement on Aug. 22 regarding Huobi operations in the country. According to the statement, the crypto exchange is now on the SC’s Investor Alert List. Malaysian financial regulators say Huobi has been operating…
Crypto custodian Prime Trust files for Chapter 11 bankruptcy
The crypto custodian's bankruptcy comes as it's been unable to honor customer withdrawals for months. 451 Total views 1 Total shares Crypto custodian Prime Trust has filed for Chapter 11 Bankruptcy in Delaware after it faced a shortfall in customer funds.The company said in an Aug.15 filing that it has between 25,000 to 50,000 creditors…
Redditor could lose young family after crypto trading addiction spirals
A self-confessed crypto trading addict and father of two is facing the dire prospect of losing his family forever after secretly racking up $180,000 in debt from his crypto trading habits. Posting his story on the r/relationship advice subreddit on Feb. 21, Reddit user “Leather_Opposite2135” said he started dabbling in cryptocurrency trading around 2021.Fast forward two…