OmegaPro co-founder arrested over $4 billion crypto scam
Andreas Szakacs, the co-founder of OmegaPro was arrested in Turkey in relation to his alleged involvement in a multi-billion-dollar crypto scheme.
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Data Shows $1,000 Bitcoin Price Gains Are Followed by 38% Drawdown
This week Bitcoin price pulled off an incredible rally that appears to have exceeded the expectations of many investors. Data from Cointelegraph Markets and CoinMarketCap shows record trading volume across multiple crypto exchanges occurred as Bitcoin rallied to $9,400 but this doesn’t mean that the long awaited bull market has started. Crypto market daily price chart.…
Chinese traders turn to OTC desks amid regulatory crackdown
Threats from China’s central government appear to have done little to quash local demand for crypto assets. 1156 Total views 2 Total shares As Beijing attempts to regulate and suppress the cryptocurrency boom, traders have been evading regulatory oversight by using over-the-counter, or OTC trading desks.According to a May 31 report published by Bloomberg, there…
Report: Blockchain Startup ConsenSys Seeks $200 Million From Outside Investors
New York-based blockchain company ConsenSys is reportedly seeking investors to raise $200 million, technology media outlet The Information reported on April 15.According to sources familiar with the matter, ConsenSys is trying to attract outside investors to raise $200 million. The company’s executives reportedly talked to investors in Hong Kong and South Korea, however as of…
PayPal's PYUSD stablecoin hits $1B market cap
PYUSD competes with rivals such as Circle’s USDC and Tether's USDT.
Court victory precedent: IRS may not tax staking rewards until sold
The Nashville couple’s case against the IRS compared unclaimed and unsold crypto rewards to an unsold book from a writer, and will be rewarded a refund with interest for tax paid. 602 Total views 5 Total shares A Nashville couple’s lawsuit over taxes they paid on unclaimed and unsold Tezos staking rewards is coming to…
Tech Firm Plans to Transform Advertising on Facebook, YouTube and Twitter Via Blockchain
Paying for the ultimate result of an advertising campaign, and not just impressions or clicks, has always been the dream of advertisers. There have been attempts to solve this fundamental problem, but despite technological advancements, inefficiencies have remained. Fraud has been an issue, with underperforming publishers lacking of transparency, which means that advertisers have been…
Crypto adds efficiency to global trade and financing, says Bequant exec
Martha Reyes, head of research for Bequant, says that tokenizing trade finance assets can facilitate access to capital for SMEs. 308 Total views 26 Total shares Global trade and financing suffer from inefficiencies because of traditional infrastructures. However, according to Martha Reyes, the head of research at Bequant, crypto can fix this issue.In an interview…
CeFi and DeFi will finally meet in 2021 — Let’s hope they hit it off
The decentralized finance industry undoubtedly has vast potential — the value locked in it has exploded, surpassing $14 billion this month. Though there is speculation over whether decentralized finance is yet another bubble, I believe it is here to stay. How it stays, however, is another matter that depends on how DeFi handles ongoing hacks…