Reddit founder Alex Ohanian has announced its move to launch its crypto investment platform called 776’s fund (kryptos). The social media founder revealed that the investment firm would be founded in October for crypto users to invest and take interest despite the market bear. Alex Ohanian To Launch 776’s Fund Crypto Investment Firm Reddit founder…
The past few months have seen several cryptocurrency companies shut down and winded up over bankruptcy. A crypto lending company, Holdnaut, fell victim to the market situation three weeks ago after the debt ratio rose more than the asset. The Singapore-based firm suspended its customers from withdrawing their funds and performing operations on its platform….
Following the catastrophic fallout of various crypto firms in Singapore, the MAS (Monetary Authority of Singapore) is surveying crypto firms that are operating in the state. The survey aims to help the regulator gain more information about their operations. Singapore’s MAS Sends Questionnaire To Crypto Firms According to reports, the MAS sent a questionnaire to…
On August 25th, Jay Clayton, former Chairman of the US SEC (Securities Exchange Commission), weighed in on crypto regulation in the country in an interview with the Wall Street Journal. He agreed that getting lawmakers to agree on regulations for digital currencies is not an easy task. Clayton Ask SEC To Issue Guidelines For Tokenized…
The global cryptocurrency space has embarked on a progressive and ever-growing adoption and interest in virtual currencies. Cryptocurrencies and blockchain are the future of currencies and other denominations. A high-profile crypto exchange platform, Bitstamp, has alleged that it has recorded tremendous interest in crypto on its medium. Despite the strict regulations on the crypto industry,…
The Indian Police Agency has released an arrest warrant for a cryptocurrency platform founder, Satish Kumbhani. This warrant comes after Satish was indicted by the United States Federal Bureau of Investigation in February for alleged fraud worth billions. Satish Kumbhani Declared Wanted By Indian Police The Indian Police agency launched an investigation into a cryptocurrency…
A China-based crypto mining company, Canaan, seems unscathed by the crypto ban placed by the Chinese Government last year. Indications from all ends show tremendous growth and performance in the country’s cryptocurrency space. The announcement from the company shocked the crypto enthusiasts. Despite Ban, Canaan Makes 117% Profits, Compared to 2021 The mining company revealed…
Cross-border payment facilitator and blockchain company Ripple seems unaffected by its lengthy ongoing case with the U.S. SEC. The company continued to grow with more users and astronomical gains. Goldman Sachs has acknowledged Ripple as a high-profile and reliable payment service provider globally. The banking expert also mentioned the company’s native token, XRP. He stated…
The past year has been a war tussle between Ripple, a blockchain company, and the U.S. crypto regulatory body. The Security Exchange Commission (SEC) and the cross-border payment company have met severally in court, in which the court rulings seem to be in favor of Ripple. U.S SEC Suffer Defeat Again Following Court Ruling The…
Seychelles-based crypto exchange platform, KuCoin has just announced its entry into the metaverse space. The company stated its intent to make explorations in the metaverse space. Kucoin and Univers Network To Enhance Metaverse Connectivity The collaboration between the two high-profile projects was announced earlier via a tweet from the KuCoin Twitter handle. However, the crypto…
The newly launched Polygon play-to-earn cryptocurrency project, Dragoma, has been allegedly rug pulled just a few days after launching. This announcement was made by a high-profile blockchain security company, PeckShield, via its verified Twitter handle. Dragoma Investors Lost Over $1 Million To Rug Pull Crypto enthusiasts have again fallen victims of rug pull via Web3…
WazirX crypto exchange platform has been tangled in the web of the Enforcement Directorate. The Indian crypto platform was acquired by high-profile exchange platform, Binance a few years ago. However, the exchange platform was raided a few days ago; its assets were seized and frozen by the ED over alleged money laundering charges. The federal…
