It is yet another bitter day for the cryptocurrency industry. The attorneys for the failed crypto lender Celsius claimed that user money belonged to the business, not the customer. According to the bankruptcy filings, consumers in retail will shoulder the burden of Celsius’ failure. According to lawyers from the entity, registered users from over 100 …

Celsius legal team throws investors under the bus Read More »

A South Korean financial regulator is prepared to go on the hunt for kimchi premium dealers and has vowed to prosecute anyone found guilty.  several shrewd traders have attempted to gain from the kimchi Premium By purchasing BTC from international over-the-counter (OTC) traders overseas and afterward “dumping” the coins for a profit on South Korean …

South Korean Regulators on the hunt for determined Kimchi Premium Traders Read More »

MEXC the global economy has been weakened to some degree, but the crypto economy has grown rather than shrunk. Finbold revealed a report showing that as of December 29, 2021, there were 295 million cryptocurrency users worldwide, an increase of 178.30 percent from the beginning of 2021. People pay more attention to the crypto market …

MEXC global accelerates global expansion with its “user-centered” strategy  Read More »

Andorra has announced a new digital asset act that signals a green light toward using crypto and blockchain across the country. This is an incredible feat for a small country between European giants France and Spain. The new framework will seek to guide the activities and usage of assets such as Bitcoin and blockchain technology, …

Andorra unveils its Digital Asset Act Read More »

Microstrategy CEO Michael Saylor has drummed support for Ethereum amidst the recent market turmoil, branding the digital asset as a good form of security. Saylor said this at a recent interview where he was asked to give his opinion on Ethereum and the leading digital asset, Bitcoin. According to the widespread claim, a few investors …

Microstrategy CEO classes Ethereum as a ‘security’ Read More »

The Securities and Exchange Commission today named in a final compliance judgment against Jimmy Gale Watson, Jr., a business partner of John McAfee, Concerning his alleged involvement in an ICO scam. In October 2020, McAfee was taken into custody by Spanish authorities. According to a complaint the SEC filed, McAfee invented the antivirus industry. Watson …

SEC final Judgement against John McAfee’s ICO Partner rules a permanent Ban Read More »

OpenSea has announced that it will lay off staff in a statement released via its blog yesterday. This has been one of the few happenings across the crypto market as companies continue to find ways to cushion the effects of the crypto winter. According to a post that was made available on the Twitter page …

OpenSea lays off 20% of its staff Read More »

Celsius inventors, a cryptocurrency lending firm that declared bankruptcy less than two weeks after halting client withdrawals continue to suffer losses. Following the suspension of withdrawals and the subsequent bankruptcy filing, investors have begun to discuss their experiences as Celsius’ problems worsen. Some individuals have lost entire life savings invested in Celsius, for example. The …

Celsius token loses 85% of its value as investors lose life savings Read More »

Polygon, a layer-2 scaling platform, has been chosen to join Disney’s 2022 Accelerator Program and use its Web3 technology, which will begin this week. The Walt Disney Company revealed the participants of the 2022 Disney Accelerator, with Polygon earning a place on the illustrious list. It’s a win for the platform, but it may also …

Polygon makes the list for Disney`s 2022 Accelerator Program Read More »

The digital yuan has been a topic that has grown increasingly interesting over the years. Since its research, the Peoples Bank of China has devoted much devotion and work to ensure that a launch happens soon. Although testing is still ongoing, the PBoC is doing all it can to ensure it takes advantage of this …

Digital yuan: PBoC announces increase in test sites Read More »