FTX customers file class-action lawsuit to get priority reparations
Customer class members don’t want to stand in line along the creditors of a failed crypto platform. While the government agencies are queuing to sue the FTX and its founder…
Argo Blockchain sells top mining facility to Galaxy Digital for $65M
Argo Blockchain reduces its total debt by $41 million by selling its flagship Helios mining facility and getting a $35 million loan from Galaxy. Cryptocurrency mining firm Argo Blockchain has…
Japanese Gaming Company Gumi Partners With Square Enix and SBI Holdings to Strengthen Metaverse Pivot
Gumi, a Japanese mobile gaming company, has partnered with Square Enix and SBI Holdings to build new business opportunities around the metaverse. The deal, which also includes the issuance of…
Venezuelan Banks Have Blocked Over 75 Accounts Since the End of Last Year Due to Cryptocurrency-Related Activities
Venezuelan Banks have started eyeing the accounts of customers with ties to cryptocurrency trading, principally related to peer-to-peer (P2P) transaction activity. According to Legalrocks, a crypto and blockchain-focused legal firm…
FBI Renews Warning About Pig Butchering Crypto Scam Sweeping the Country
The Federal Bureau of Investigation (FBI) has reiterated its warning about a very popular crypto investment scam called “pig butchering” that is sweeping across the U.S. “Be very careful when…
Alameda wallets become active days after SBF bail, community mulls foul play
The recent movement of funds from Alameda wallets just days after Sam Bankman Fried was released on bail raised many eyebrows about the timing. The crypto wallets associated with now-bankrupt…
China’s CBDC wallet resorts to ages-old tradition to boost adoption
A traditional Chinese way of gifting money that’s gone virtual with the rise of digital payments has been introduced into the digital yuan wallet app. China’s wallet app for its…
Executives from $1.5B South Korean crypto exchange fraud jailed
The latest court action now takes the number of V Global execs behind bars up to seven, as the CEO was previously sentenced to a 22-year prison term. Six executives…
100%: Public Bitcoin miners sold almost everything they mined in 2022
Publicly listed Bitcoin miners sold off nearly everything they mined in 2022 but appear to have started accumulating reserves once again. Publicly listed Bitcoin (BTC) miners sold off almost all…
Kraken quits Japan for second time blaming a ‘weak crypto market’
The crypto exchange said it will deregister from Japan’s Financial Services Agency as a Crypto Asset Exchange Operator from Jan. 31, 2023. Global cryptocurrency exchange Kraken has decided to pull…
Defrost Finance breaks silence on ‘exit scam’ accusations, denies rug pull
Defrost Finance had not publicly commented on the rug-pull accusations in the media until now. Defrost Finance, the decentralized trading platform that suffered a $12 million exploit in the days…
SBF borrowed $546M from Alameda to fund Robinhood share purchase
An affidavit by the FTX founder revealed that Alameda funded the purchase of Robinhood shares, which were later used as collateral for Alameda to secure a loan from BlockFi. Sam…
Underdog rises: Dogecoin survived carnage in 2022 better than most
DOGE has performed much better than SHIB this year, despite the Shiba Inu community actively working on an L2 network, a metaverse and blockchain games. Amid the severe crypto downturn…
Philippine Regulator Warns Against Using Unlicensed Cryptocurrency Exchanges Following FTX Collapse
The Philippine Securities and Exchange Commission (SEC) has advised investors against transacting with unlicensed cryptocurrency exchanges. The warning followed the collapse of crypto exchange FTX which “left hundreds of thousands,…
Robert Kiyosaki Warns Last Chance to Buy Gold and Silver at Low Prices — Says Stock Market Crash Will Send Them Higher
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says now may be the last chance to buy gold and silver at low prices. “Inflation moving…