SEC charges siblings over $60M Ponzi touting a crypto trading bot
The SEC has accused the two brothers of using investor money to fund lavish lifestyles, including the purchase of cars and a multimillion-dollar condominium.
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Marshall Islands President Survives No Confidence Vote Prompted by National Crypto Plans
The President of the Republic of the Marshall Islands Hilda Heine has narrowly survived a no confidence vote that was partly prompted by her plans to introduce a national digital currency, Asia-focused English-language publication Nikkei Asian Review reports Nov. 12.The Marshallese parliament was reportedly split 16-16, just one vote short of the number needed to…
Financial System Blind to Crypto’s Deflationary Impact, Says Analyst
Investment strategist William Peets has pointed to a widespread underestimation of the deflationary impact of cryptocurrencies such as Bitcoin and blockchain for global finance.Peets is currently CIO and portfolio manager for digital asset strategies at Passport Capital. In an Oct. 30 interview with Real Vision Finance, he said that blockchain represents a generational change in technology…
Sam Bankman-Fried reveals the circumstances behind Bahamian withdrawals
FTX’s former CEO Sam Bankman-Fried has divulged what really went on in the days before it filed for bankruptcy when the exchange selectively reopened withdrawals — only for Bahamian users. In a telephone interview with crypto blogger Tiffany Fong, dated Nov. 16, Bankman-Fried claims to have made the decision to reopen withdrawals to Bahamian citizens as…
Report: Global Blockchain Tech Market to Surpass $16B by 2024
The global blockchain technology market is estimated to surpass $16 billion by 2024, according to a recent report from market research firm Global Market Insights, Inc.The reportIn a Sept. 20 press release, Global Market Insights provided highlights from its 180-page-long report entitled "Blockchain Technology Market By Providers (Infrastructure Provider, Application Provider, Operators), Application (Smart Contract,…
Ex-TradingView COO Joins Binance as Director of Fiat, Europe and CIS
Binance, one of the world’s largest cryptocurrency exchanges, is planning to further bolster its fiat-to-crypto gateways by hiring a former TradingView exec.Iskander Malikov, a former chief operating officer at major trading chart analysis service TradingView, has joined Binance as the new director of fiat, the exchange announced Feb. 6.Former TradingView COO to focus on fiat-to-crypto…
Vitalik Says He Has ‘Some Respect’ for How EOS Handles Governance
Ethereum's co-founder recently tipped his hat to EOS for its niche-carving efforts. 434 Total views 22 Total shares In a recent series of tweets, Ethereum co-founder Vitalik Buterin gave a nod of approval to competing blockchain EOS with regard to the niche they are trying to carve out. "If I were designing a new chain to live alongside Bitcoin…
HSBC enters The Sandbox to offer educational finance games
Partnership hopes to promote financial literacy via gamified experiences within the metaverse. 105 Total views 1 Total shares HSBC, one of the largest European banks, with total assets of $2.4 trillion, announced its intention to buy a virtual plot of LAND within The Sandbox for an undisclosed amount. The new partners will develop opportunities for users…
Will Telegram-linked Toncoin bounce back after Pavel Durov’s arrest?
TON traders might view the recent dip as a chance to buy low if Durov’s arrest is an isolated incident.