Prager Metis to pay $745K to settle SEC charges over FTX audit misconduct
The regulator alleges that Prager issued two audit reports for FTX between February 2021 and April 2022 that falsely represented auditing standards.
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Argo Blockchain buys 320 acre land plot in Texas to expand mining operations
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South Korea plans interagency crackdown on illegal crypto transactions
South Korea’s top financial regulator established dedicated crypto investigation teams across the country last week. 440 Total views 7 Total shares Several South Korean financial authorities are planning to join forces to combat illegal operations involving cryptocurrencies like Bitcoin (BTC).The interagency crackdown comes in response to growing concerns over speculative investments and potentially illegal activities…
OneCoin Fugitive Cryptoqueen Allegedly Paid $50 M to Lawyer to Launder Funds
United States prosecutors told a Manhattan jury that lawyer Mark S. Scott was paid $50 million to help OneCoin co-founder and current fugitive Ruja Ignatova launder $400 million.On Nov. 20, Law360 reported that the Manhattan U.S. attorney's office and the New York County district attorney's office are in the last phase of prosecuting Scott, a…
Social NFT platform DeFine raises $5M from Asian investors
The market for nonfungible tokens appears to be growing in Asia. Several companies and venture funds have backed DeFine in its quest to bring NFTs to mainstream audiences. 153 Total views 1 Total shares DeFine, a socially oriented nonfungible token platform, has raised $5 million in strategic investments as part of a wider effort to…
Telegram issues official statement on Pavel Durov detention
The Telegram team said, “Telegram’s CEO Pavel Durov has nothing to hide and travels frequently in Europe.”
Andreessen Horowitz Looks to Double Down on Crypto With New $450M Fund
Private venture capital firm Andreessen Horowitz may have plans for another crypto asset fund. Established by Marc Andreessen and Ben Horowitz over 10 years ago, the firm looks to start its second crypto investment fund, hoping to garner $450 million in capital for the endeavor, Financial Times said in an April 14 article, citing sources familiar with the…
How the NFT market leveraged blockchain tech for explosive growth
It’s fun to talk about nonfungible tokens, or NFTs, because they are the perfect example of how the impact of blockchain technology in people’s lives goes way beyond the financial market. As we could see in hundreds of headlines in the past few months, they have gripped the world’s attention because they are a new…