cryptocurrency
Abra Settles with 25 US State Regulators, Agrees to Return $82M to Customers
- The crypto lender already ceased offering its retail services in the US on 15 June 2023.
- The settlement waived any penalties that otherwise would have been imposed by the regulators.
Thursday, 27/06/2024 | 06:09 GMT by
Arnab Shome
Mt. Gox Prepares to Roll Out Repayments to Defunct Users in BTC and BCH
- The firm will repay defunct users after confirming details with certain crypto exchanges.
- The rehabilitation trustee has announced that repayments will be processed starting July 2024.
Monday, 24/06/2024 | 09:51 GMT by
Tareq Sikder
Binance Leaders Off the Hook in Nigeria Tax Evasion Case after Legal Shuffle
- Tigran Gambaryan and Nadeem Anjarwalla denied the tax evasion charges and were removed as defendants in the case.
- Nigeria blames Binance amid currency challenges, citing cryptocurrency platforms' role in trading the Nigerian naira.
Friday, 14/06/2024 | 13:39 GMT by
Tareq Sikder
Profit and Planet: Forex Brokers Embrace Sustainability amid $50 Trillion ESG Surge
- Investors’ preferences are pushing brokerages such as INFINOX, CedarFX and Exness to prioritize sustainability.
- "Companies with strong ESG practices often exhibit resilience and attract investor demand, but the risks include greenwashing, performance volatility, and regulatory uncertainty": EBC's Director of Brand and Sustainability.
Wednesday, 12/06/2024 | 13:40 GMT by
Tareq Sikder
Decoding Crypto Investment: The Scientific Strategy for Venture Capitalists
- Successful crypto venture capitalists have embraced a scientific approach to investing, resulting in substantial returns.
- VC investing involves thorough research, crafting hypotheses, conducting experiments, and making data-driven decisions.
Monday, 10/06/2024 | 09:14 GMT by
Anndy Lian
Binance Seeks to Throw Out Major Part of $12.8 Billion London Lawsuit
- A London lawsuit accuses Binance, Kraken, and others of anti-competitive behaviour in delisting BSV.
- The suit, with 200,000 BSV owners, alleges delisting hindered BSV from major status, seeking damages up to 9 billion pounds.
Wednesday, 05/06/2024 | 16:51 GMT by
Tareq Sikder
ASIC Fails to Impose Any Penalty on Block Earner for Unlicensed Offerings
- The regulator was seeking a civil penalty of AU$350,000 from the crypto company.
- The court pointed out that Block Earner acted honestly and not carelessly when it offered the Earner product.
Tuesday, 04/06/2024 | 05:57 GMT by
Arnab Shome
Fan Tokens Were a Flop: Can Bitcoin Fill the Gap in Sports Financing?
- Fan tokens were praised as innovative tools for deepening fan engagement through voting rights and exclusive rewards. However, their practical impact has been disappointing.
- The arbitrary pricing of fan tokens, with no underlying value to justify their cost, has led to inevitable market speculation.
Sunday, 02/06/2024 | 07:18 GMT by
George Manolov
Tether Throws Hat in Ring with $100 Million Bitdeer Investment
- The investment includes an option for an additional $50 million in shares within a year.
- The ownership percentage remains undisclosed, with Bitdeer's share value increasing by 6.5% post-announcement.
Friday, 31/05/2024 | 15:34 GMT by
Tareq Sikder
Texas Regulator Halts Alleged Crypto Cloud Mining Scheme
- Payment processor used despite jurisdiction restrictions; account holder located outside the claimed base.
- Manipulated media, including CEO video at conference, were cited; no evidence of presence was found.
Wednesday, 29/05/2024 | 11:01 GMT by
Tareq Sikder
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