Paxful co-founder Schaback faces 5 years jail, admits AML failure
Artur Schaback, one of the co-founders of crypto exchange Paxful, has agreed to a plea deal with U.S. prosecutors that could see him locked up for five years.
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Stablecoin market cap hits new all-time high amid 11 months of growth
The stablecoin market cap, excluding algorithmic stablecoins, has reached $168 billion, its highest point in history.
US Crypto Exchange Launches Spot Trading for Institutional Investors
Chicago-based, licensed crypto exchange Seed CX has launched spot trading for institutional investors, according to an official press release published on Wednesday, Jan. 23.Spot trading is the purchase or sale of a currency, financial instrument or commodity for immediate delivery. Spot contracts can include the physical delivery of the the instrument, commodity or currency.Per the…
Nifty News: Amex and SZA sell out debut drop, Asics launches tokenized footwear, Space Jam gets looney for NFTs
American Express (Amex) has teamed up with popular neo-soul singer and songwriter, SZA, to enter the NFT market. The duo partnered to drop a set of 14 one-of-one edition NFTs, dubbed “Amex Unstaged x SZA: The Collection,” that depict moments from one of SZA’s recent concerts. Participation in the NFT sale was made available only…
SEC sues Kraken alleging it’s an unregistered exchange, mixes user funds
The SEC alleged Kraken operated as an unregistered exchange, broker, dealer and clearing agency. 697 Total views 5 Total shares The United States Securities and Exchange Commission (SEC) has sued Kraken alleging it commingled customer funds and failed to register as a securities exchange, broker, dealer, and clearing agency with the regulator.In a Nov. 20 complaint
Hut 8 agrees to develop mining site to build equity with Celsius creditors
Hut 8’s new mining site in Cedarvale, Texas, will house almost 66,000 miners and will be powered by more than 215 MW of energy. 198 Total views 2 Total shares The Canadian Bitcoin mining firm Hut 8 has signed an interim agreement to launch a new mining site in Cedarvale, Texas, in connection with the
Content creators introducing a new paradigm with NFTs
Artists and content creators are expanding the creator economy past the $100 billion mark by taking control of their brands through NFTs. 69 Total views 7 Total shares Nonfungible tokens (NFT) have created an environment where artists can take control of their work and finances. Experts agree that artists and creators that tokenize their work…
Ransomware Gang Strikes Again with More Auctions Listing Stolen Data
Two US-based law firms are the latest victims of the REvil malware group, which is auctioning off their sensitive data. 1688 Total views 34 Total shares Ransomware group REvil has started another auction on the dark web listing sensitive data stolen from two US-based law firms.The listing appeared June 6 through REvil’s official blog on…
AVAX blockchain explorer to shut down as Etherscan fees draw controversy
Annual subscription fees for Etherscan's EaaS service has reportedly grown to $2 million per year. 368 Total views 2 Total shares Snowtrace.io, a popular blockchain explorer tool for Avalanche (AVAX), will shut down its website, powered by Etherscan's Explorer-as-a-Service (EaaS) toolkit, on November 30. The Snowtrace team clarified that only its explorer powered by Etherscan