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Topic: crypto

This follows a New York-based lawsuit and his company going bankrupt. News 

Alex Mashinsky, CEO of Celsius Network, accused of fraud

Sanjay Patil

Celsius founder Alex Mashinsky is facing a growing list of issues, as he has been taken into custody and accused of fraudulent activities by federal authorities. According to CBS News, Mashinsky is confronting seven criminal charges, encompassing securities, commodities, and wire fraud. Additionally, his company is currently facing legal action from three government agencies, namely the FTC, CFTC, and SEC. The U.S. Attorney’s Office claims that Mashinsky deceived customers by misrepresenting his company as a bank, when in reality, it operated as a high-risk investment fund. Roni Cohen-Pavon, the former…

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The compromise would allow the exchange to continue operating in the US for the time being. News 

Binance and SEC Reach Agreement to Prevent US Asset Lockdown

Adarsh V.K, , ,

Binance has reached an agreement with the Securities and Exchange Commission that permits the cryptocurrency exchange to continue its operations in the US until the resolution of a lawsuit filed by the regulator earlier this month. The SEC had accused Binance and its founder, Changpeng Zhao, of inflating trading volumes, mishandling customer assets, and failing to prevent US investors from trading on Binance.com instead of a separate US system. After the charges were announced, the SEC attempted to freeze Binance’s US assets. The regulator said the change was necessary to…

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Lawyers for Kwon in the United States did not immediately respond to requests for comment after business hours News 

Crypto founder Do Kwon indicted in US hours after Montenegro arrest

Nitin Misra

Do Kwon, the cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion or more last year, has been indicted by U.S. Attorneys for fraud. The eight-count indictment against Kwon was announced in U.S. District Court in Manhattan several hours after learning of his arrest earlier Thursday in Montenegro. Kwon’s attorneys in the United States did not immediately respond to requests for comment after hours. Thursday’s indictment charges Kwon, a South Korean national who co-founded Terraform Labs and developed the TerraUSD and Luna currencies, with two counts of…

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After signing up, the users will have access to all their assets, including crypto funds, price trends, and the ability to send or receive crypto using known addresses, and names. News 

Microsoft likely to add Crypto Wallet feature to Edge: Learn more

Adriana Marais, ,

Microsoft is reportedly working on integrating a Crypto Wallet feature into its Edge browser, which will allow users to store, send and receive crypto assets, as well as save NFT files. The new Crypto Wallet feature, which was first spotted by a Twitter user, appears to be still in development and points to Microsoft’s internal testing, reports “Windows Central”. The wallet is not libertarian and is directly integrated into Edge’s existing wallet feature for storing payment cards. It is password protected as well as a reliable recovery method in case…

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Meta Platforms Inc is cutting off support for digital collectibles or nonfungible tokens (NFTs) on its platforms less than a year after rolling it out, as the crypto market continues to spiral. News 

Meta is ending NFT support on Instagram and Facebook as crypto market issues continue

Jim Hendler, , ,

Meta Platforms Inc is ending support for digital collectibles, or non-fungible tokens (NFTs), on its platform less than a year after its launch as the crypto market continues to spiral. “We are ending digital collectibles (NFT) for the time being to focus on other ways to support content creators, people and businesses,” Stephane Kasriel, the social media fintech executive, tweeted on Monday. The company rolled out support for creators to share NFT files on Instagram and Facebook last year, after the speculative crypto medium had exploded in popularity, with billions…

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Dogecoin dives (Dogecoin) News 

Dogecoin dives after rally, sparking outcry on Reddit

Nitin Misra, , ,

The digital coin fell 46% in 24 hours to $0.02582 as of 4:35 p.m. in New York on Saturday, according to data from CoinMarketCap. It recovered to $0.03 on Sunday, though still less than half its high on Friday, when a seven-fold surge sent the coin over $0.07. Amid the rally, Robinhood temporarily suspended instant deposits for buying crypto on Friday, citing “extraordinary market conditions,” a spokesperson told CNBC. Users can still use funds already deposited on the platform to buy cryptos. Users of the Reddit feed SatoshiStreetBets – which…

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Crypto developers seize the new corona virus morbidly symbolic

Nitin Misra, ,

Cryptocurrency developers have created a digital coin, which allows traders to bet corona virus epidemic, based on how many people get sick or die. Called “CoronaCoin,” the lower supply every other day based on the number of new cases, according to its website – which suggests the price may move higher more people to kill the virus. Corona Virus epidemic is becoming global, six new countries reported the first case on Friday, and the World Health Organization to increase its global spread and impact of alert “very high.” Latest WHO…

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