Hashdex Enters Competition for Bitcoin ETF Spot with Unique Approach
Hashdex, a crypto asset management company, has joined the competition for a spot Bitcoin (BTC) ETF in the United States. The firm, known for its global leadership in crypto asset management, has submitted an application to the U.S. Securities and Exchange Commission (SEC) for a Bitcoin futures E ...
Lawsuit Targets Bored Ape Yacht Club NFTs’ Plummeting Value and Alleged Collusion
Four investors who bought NFTs from the Bored Ape Yacht Club collection are suing project creator Yuga Labs and one of the oldest auction houses, Sotheby's, accusing them of promoting tokens whose value has fallen significantly. Investors have accused Sotheby's of colluding with developer Yuga La ...
Ben McKenzie Advocates Treating Cryptocurrencies as Securities for Enhanced Investor Protection
American actor Ben McKenzie and co-author of "Easy Money: Cryptocurrency, Casino Capitalism and the Golden Age of Fraud" believes cryptocurrencies should be recognized as securities. Ben Mckenzie, known for his prominent role in the movie "Lonely Hearts," said the lack of regulation of cryptocurr ...
Class Action Lawsuit Filed Against Jump Trading Over Terra-Luna Project
A class action lawsuit was filed against the brokerage firm Jump Trading allegedly "saved" UST when the asset lost its USD peg in 2021 For this, the company received almost free huge amounts of LUNA These tokens were sold when the rate went up, bringin ...
Crypto Analyst Warns Against Emotional Investing in Meme Tokens
Popular cryptoanalyst warned Twitter audiences against overly emotional investing in meme tokens, which could eventually devalue. Benjamin Cowen believes there are too many illiquid and simply fraudulent meme tokens on the market: "The people who create these meme- ...
South Korean Authorities Pursue Extradition of Terraform Labs CEO Do Kwon
South Korean authorities seek Kwon's extradition Most of the evidence is held in the fraudster's home country The scandalous co-founder and CEO of Terraform Labs Do Kwon risks 40 years in prison. South Korean authorities are also seeking Kwon's extradition. Pr ...
Terraform Labs Founder Do Kwon’s Hidden Apartment Confiscated by Serbian Police
The police in Serbia have taken possession of an apartment in Belgrade where Do Kwon, the founder of Terraform Labs, had been hiding for six months before being apprehended in Montenegro. The duplex, worth €2.2 million, was raided by the police on Friday, after it was revealed that Han Chang-Joon ...
Terraform Labs Founder Do Kwon Accused of Fraud and Setting up Company in Serbia for Less Than $1
According to reports from various media outlets, Do Kwon, the founder of Terraform Labs, established a new company in Serbia for a remarkably low price of less than $1 just a few weeks after being placed on the international wanted list by Interpol. Kwon founded a company named "Codokoj22 d.o.o. ...
Binance Responds to CFTC Lawsuit, Denies Violating Federal Laws
On March 27, the Commodity Futures Trading Commission (CFTC) made allegations against Binance, a popular cryptocurrency exchange, for not being registered in the United States and for violating federal laws that regulate commodity markets. Binance CEO, Changpeng Zhao, has swiftly responded to the ...
Founder of Terra, Do Kwon, charged with multiple criminal counts including fraud and market manipulation
Following the recent arrest of Do Kwon, the founder of Terra, in Montenegro, U.S. prosecutors have filed criminal charges against him on allegations of fraud, securities fraud, wire fraud, commodity fraud, and conspiracy to manipulate the market. The charges come as American law enforcement seeks ...
SEC Files Lawsuit Against Tron Founder Justin Sun and His Companies for Unregistered Sale of Cryptocurrency Securities
The SEC has filed a lawsuit against Justin Sun, founder of the Tron project, and his companies for the alleged unregistered sale of securities in the form of cryptocurrencies. The SEC claims that TRX coins and BTT tokens are securities and that Sun engaged in market manipulation to stimulate publ ...
Dutch Financial Regulator Considers EU Crypto Regulations too Soft
According to the Chairman of the Dutch Financial Markets Authority (AFM), Laura van Geest, the European Union Crypto Asset Regulation (MiCA) bill is too lenient for the cryptocurrency industry. Despite the regulations in place for digital assets, the Dutch regulator intends to maintain a strict s ...
CNBC’s Jim Cramer Advises Selling Bitcoins Despite Market Rise
A cryptocurrency blogger who is passionate about the digital currency world recently announced that there has been a significant increase in the value of the first currency, Bitcoin, since the host of CNBC's MadMoney program advised people to sell their Bitcoins a few days ago. Despite Jim Cramer ...
Collapse of FTX Cryptocurrency Exchange Postpones Launch of Bitcoin ETFs in US, Says Valkyrie Investments Director
The director of investments at Valkyrie believes that the recent collapse of the FTX cryptocurrency exchange has caused a delay in the launch of exchange-traded funds tied to bitcoin in the United States. Steven McClurg expressed his opinion on the status of spot ETFs for bitcoin to journalists. ...
Concentration of Ether among Large Holders Raises Concerns for Ethereum Investors
According to reports by IntoTheBlock, a significant portion of the Ether supply, accounting for 39%, is owned by a limited number of addresses. This stands in contrast to Bitcoin, where the share of large holders, also known as whales, does not exceed 11% of the total supply. This observation by ...