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Culture converges with blockchain as luxury fashion brands launch NFT collections
It’s no surprise that nonfungible tokens (NFT) have been dominating the crypto market this year. The booming digital asset class generated over $2.5 billion in sales within the first six months of 2021, demonstrating unheard-of financial gains for artists, brands and content creators across the globe. The rise of metaverses has also impacted the adoption of…
New York bans CoinEx exchange, seizes $1.7M in crypto assets
CoinEx was shut down for failing to register as a broker-dealer and for "falsely representing itself as a crypto exchange," the NYAG said. Hong Kong-based crypto exchange CoinEx has been banned from operating in New York by Attorney General Letitia James. According to an announcement on June 15, over $1.7 million worth of the exchange's…
Sam Bankman-Fried is ‘under supervision’ in Bahamas, looking to flee to Dubai
It is understood that Sam Bankman-Fried and two former FTX associates are currently being detained by Bahamian authorities. 1060 Total views 2 Total shares FTX former CEO Sam Bankman-Fried, co-founder Gary Wang and director of engineering Nishad Singh are understood to be in the Bahamas and are “under supervision” by the local authorities. The source familiar…
Mac Users Beware — New Ransomware Targets Apple Computers
EvilQuest ransomware is launching attacks against macOS users through infected installers. 1485 Total views 20 Total shares A new ransomware is targeting macOS users who download installers for popular apps via torrent files.Known as EvilQuest, the attack was first spotted by Dinesh Devadoss, a K7 Lab malware researcher. Findings show that EvilQuest has been quite…
‘How Can You Be Bearish?’ Asks Bitcoin Trader as Tether Surpasses $12B
The market capitalization of Tether (USDT) surpassed $12 billion as of Aug. 14, according to cryptocurrency market analytics firm Coinmetrics. Meanwhile, some believe the rapidly-rising valuation of the dominant stablecoin positively benefits Bitcoin (BTC) in the long term. But some investors also fear that it makes the cryptocurrency market vulnerable.Tether has been the most widely-utilized…
Coinbase SEC investigation could have ‘serious and chilling’ effects: Lawyer
Michael Bacina, an Australian digital assets lawyer told Cointelegraph that the investigation could see a far-reaching impact on crypto exchanges and the token projects involved. 67 Total views 14 Total shares An investigation reportedly launched by the Securities and Exchange Commission (SEC) into Coinbase’s alleged trading of unregistered securities could have a “serious and chilling…
Are KuCoin Shares overvalued after KCS price gains 100% in one month?
KuCoin (KCS) prices ticked up in the early Wednesday session on July 7, in part because of an ongoing market rally across the top exchange-based utility tokens.The 72nd-largest cryptocurrency peaked for the day at $14.847 before correcting lower on interim profit-taking sentiment. The move downside accompanied decent volumes, alerting that the sell-off momentum could continue…
UK Standards Institution Partners With Blockchain Startup for Supply Chain Compliance
The United Kingdom’s national standards body, the British Standards Institution (BSI), has partnered with blockchain company OriginTrail to increase supply chain transparency. The partnership was reported in a Jan. 24 press release.BSI, which has operated since 1901 and had a reported revenue in 2017 of 473 million GBP (about $616 million), says it wants to…