contributor Posted: September 13, 2023 The judge also ordered the crypto scam leader to pay $300 million in forfeiture. OneCoin was a notorious crypto scam that defrauded 3.5 million people of $4 billion. U.S. District Judge Edgardo Ramos sentenced OneCoin co-founder Karl Sebastian Greenwood to 20 years in prison and a fine of $300 million. …
Co-founder of the notorious OneCoin crypto scam sentenced to 20 years Read More »
FBI stated that it would continue to “expose and combat” the North Korean regime’s criminal use of cryptos. Big names in the crypto industry expressed concerns on the growing number of incidents In a stunning disclosure, the Federal Bureau of Investigation (FBI) linked the recent $41 million theft from crypto betting platform Stake.com to the …
FBI links crypto betting platform’s theft to North Korea Read More »
contributor Posted: September 7, 2023 FASB’s new rules mandate fair-value accounting for cryptocurrencies, aligning them with the treatment of financial assets. Public companies must now separate their crypto assets from intangible assets. The Financial Accounting Standards Board (FASB) voted to adopt a new accounting and disclosure rule for cryptocurrencies, addressing a long-standing gap in financial …
FASB unveils new crypto accounting rules, details inside Read More »
LTC’s share of global payments jumped from 23% in March to a little over 34% by the end of July. LTC shed 30% of its value since the beginning of the month. Litecoin [LTC] was one of the most preferred cryptocurrencies for payments as tracked by the world’s largest crypto payment processor BitPay. LTC’s share …
How Litecoin emerged as the popular crypto for payments Read More »
Binance’s dominance waned after the SEC lawsuit. Legal battles and market shifts cast shadows on Binance’s future. In the realm of cryptocurrency, Binance [BNB] once reigned supreme as the leading centralized exchange. Yet, the tides turned when an SEC lawsuit triggered a drastic decline in the exchange’s activity, casting a shadow of doubt over the …
Is Binance losing its hold over the crypto market? Read More »
Private banks Kapital Bank and Ravnaq Bank gained approval to issue crypto cards. The crypto cards are meant to integrate traditional banking services with direct crypto exchange access. Uzbekistan has granted approval to private banks Kapital Bank and Ravnaq Bank to issue crypto cards as part of the digital sandbox for crypto regulation overseen by …
Uzbekistan banks to issue crypto cards merging TradFi and DeFi Read More »
Amid U.S. inflation data, digital asset investment products record inflows. Bitcoin’s inflows represented 93% of all inflows registered. Digital asset investment products recorded inflows last week after three consecutive weeks of outflows, according to a new report by digital asset investment firm CoinShares. Source: CoinShares The report found that digital asset investment products saw inflows …
Crypto fund inflows improve as positive sentiment returns Read More »
Cryptocurrency markets exhibited unusual stability in Q3. The Stablecoin market was projected to reach $2.8 trillion which could influence market stability and participation. Cryptocurrency markets, notorious for their fluctuations, have been surprisingly stable lately. As Q3 unfolds with unprecedented tranquility, experts are pondering the potential implications of this unusual calmness on the crypto landscape. Is …
How Q3 marks a period of extraordinary stability for the crypto market Read More »
The DeFi hack worth $73 million occurred across different Curve Finance pools on 30 July. The hacker has returned stolen funds only to a few pools. $19 million in assets still remain unrecovered. DeFi protocol Curve Finance has offered a bounty of $1.85 million to anyone who can identify the exploiter responsible for the recent …
Curve Finance offers 1.85 mln bounty to recover stolen crypto funds Read More »
India’s advantages in software development played a role in the growth of Web3. The delay in creating a regulatory framework was an area of concern. Technology never lies still. It’s forever adapting to newer narratives and purposes. The introduction of blockchain technology or Web3, was a crucial milestone in this continuous process of evolution. Birthed …
How uncertain crypto regulations can limit India’s potential to be #1 Read More »