UK closes ‘trust me bro’ crypto firm that gave horrible advice to clients
It comes just two weeks after the Insolvency Service secured a winding-up order against Amey’s firm in the United Kingdom High Court on April 30.
Related Posts


Research: White Paper Writers Can Earn $50K, But Say Startups Often Mislead Investors
White paper writers are earning up to $50,000 per job, according to a Decrypt investigation published on April 22— but the freelancers involved have accused some startups of misleading investors.The writers told the website as part of its two-week investigation that completing a paper can take up to eight months and cost between $1,000 and $50,000,…

DeFi protocols launch stablecoins to lure new users and liquidity, but does it work?
Stablecoin projects have been thrust into the limelight over the past month as the popularity of algorithmic stablecoins and the collapse of the Terra project put a spotlight on the important role dollar-pegged assets play in the crypto market.In response to the void left by UST, multiple protocols have released new stablecoin projects in an…

Nigerian crypto tax move is ‘premature’ — Local stakeholders
Industry stakeholders seek clarity regarding the implications of taxation and its connection to the recognition of cryptocurrency and associated procedures. 239 Total views 1 Total shares The president of the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), Obinna Iwunna, has commented on the implementation of the Finance Act, 2023, which was signed into law…

Blockchain tech is holding NFTs back because of these three design flaws
Years after CryptoKitties were released to the masses, the nonfungible token (NFT) sector is finally going places.Coveted collectibles are selling for millions of dollars in some of the world’s finest auction houses. Top-flight soccer and basketball teams are releasing once-in-a-lifetime moments that fans cherish. Movie studios are starting to issue NFTs as memorabilia too, unlocking…

Secret Network resolves network vulnerability following white hat disclosure
Researchers were able to decrypt all of Secret's internal transactions using an exploit. 194 Total views 2 Total shares On Nov. 30, Guy Zyskind, CEO of privacy smart contract blockchain Secret Network, said that developers had patched a privacy-related vulnerability and users' funds remain secure. In a document dated Nov. 29, Secret Network wrote that…

Europe’s New Regulations Force Bitcoin Service Bottle Pay to Shut Down
The Bottle Pay service, which allowed users to send Bitcoin (BTC) via social media accounts, announced on Dec. 13 that it would be shutting down due to Anti-Money Laundering (AML) regulations. Funds will remain available for withdrawal until 13:00 GMT on Dec. 31, 2019.New user data collection would negatively impact user experienceBottle Pay, developed by United…

Suspected Crypto Ponzi Scheme Has No License in Malta, Regulator Warns
Malta’s finance regulator has issued a public warning about a cryptocurrency company falsely claiming it is licensed to operate in the country. ‘Built on the power of the Middle East’In a statement July 23, the Malta Financial Services Authority (MFSA) warned residents they should avoid Emirate Coin Tech, which offers cryptocurrency investment options with alleged weekly…

Alkemi Earn integration brings DeFi lending to 1.5M Ledger users
The objective of the Ledger project is to provide consumers with a way to purchase and use digital assets without giving up control to third-party platforms or systems. 133 Total views 4 Total shares The Alkemi Earn app has been added to the hardware wallet Ledger's Discover area, making decentralized finance (DeFi) lending and borrowing service…