According to the U.S. Securities and Exchange Commission (SEC), eleven individuals who ran and marketed the cryptocurrency company Forsage stand accused of running a Ponzi scheme that generated more than $300 million from millions of investors in the U.S....
Brazilian challenger bank Nubank has acquired 1 million bitcoin users in Brazil since launching its cryptocurrency offering at the end of June. The milestone achievement came three weeks after Neobank made Bitcoin and Ethereum available to all its 60...
The chair of the Senate Banking Committee, Senator Sherrod Brown, has requested that Google and Apple disclose more information about the countermeasures they employ to ensure that some apps do not promote cryptocurrency scams. In letters addressed to Alphabet,...
Industry participants may be forgiven for assuming that specific sectors, such as DeFi and Web3, are in jeopardy given the recent wave of events rocking the entire crypto industry. Deploying capital while uncertainty looms is not without inherent risks...
Blockchain data reveals that Nirvana Finance, a Solana-based yield protocol, was hacked for $3.5 million using flash loans to manipulate and deplete its liquidity pools. The price of the protocol’s native token, ANA, has declined by over 80% in...
The United States Federal Trade Commission (FTC) has filed a lawsuit against Meta and its CEO, Mark Zuckerberg, to prevent them from allegedly owning everything related to the metaverse technology. According to its Press Release, the FTC claims that...
According to a new proposal made by the Harmony blockchain network, the platform’s developers plan to distribute ONE tokens as compensation to the victims of the June Horizon bridge hack. A statement released by Harmony on July 26 revealed...
Johnny Lyu, the CEO of KuCoin, has announced on his Twitter page that the exchange will launch an "Anti-FUD Fund" to combat FUD in the cryptocurrency space. The goal of the fund is to reduce FUD through education and...
The Federal Bureau of Investigation (FBI) has warned the general public, especially crypto investors, to be wary about a scam project using liquidity mining to fleece unsuspecting people of their money. According to the statement, "This scam has been...
In light of the recent wave of bankruptcies in the cryptocurrency sector, venture capital investments have slowed significantly. This is why news of Barclays' move to invest in Copper, a prominent crypto custody firm, comes as a surprise. According...
