The UK government’s Insolvency Service has shut down a crypto advisory firm for accounting negligence and the loss of investors’ money. The firm seemingly claimed to help users with investments while promoting crypto schemes that resulted in millions lost. False Crypto Expert Company Shut Down On Monday, The UK’s government …
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Data from analytics platform IntoTheBlock have illuminated a troubling trend within the Cardano (ADA) network, showing a significant dip in ‘profitability’ for its holders. While cryptocurrencies like Bitcoin and TRX show a high percentage of holders in profit, Cardano stands in stark contrast, with only 35% of its holders currently …
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According to a recent Bloomberg report, a group of investors and customers of cryptocurrency exchange FTX have agreed to drop their claims against co-founder Sam Bankman-Fried. In exchange, Bankman-Fried has agreed to cooperate with the plaintiffs in the ongoing lawsuits against other defendants related to the collapse of FTX. Sam …
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[PRESS RELEASE – Grand Cayman, Cayman Islands, April 18th, 2024] The annual event is a culmination of Sui’s exceptional debut Over 1,000 projects, partners, investors, and enthusiasts from 65 countries around the world gathered last week in Paris to celebrate Sui at the vaunted Layer 1’s inaugural global Sui Basecamp …
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Dogwifhat (WIF) has been on a wild ride this week. As of Tuesday evening, its value surged by nearly 10%, however, the canine-inspired cryptocurrency could not sustain the momentum and by Wednesday, it lost 14% of its value. Dogwifhat’s Aggressive Rise And Sudden Dip The rollercoaster ride began with a …
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Michael O’Leary took the stage at CinemaCon for the first time as president-CEO of the National Association of Theater Owners and his message was clear: strained theater circuits need assistance, as they are still dealing with the lingering impact of the COVID-19 crisis and the dramatic slowdown in movies due …
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Polygon’s native token, MATIC, finds itself at a crossroads as it grapples with price volatility amidst an impending network upgrade and challenges surrounding Total Value Locked (TVL). In the past week, MATIC has witnessed a notable downturn in price, slipping by 4.44% according to data from CoinMarketCap. Despite earlier optimism …
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A new virtual reality project, 5thScape (5SCAPE), is generating massive buzz in the crypto world. Investors are excited about 5thScape (5SCAPE)’s potential to disrupt the crypto-gaming space – with the project’s presale having now raised over $2.5 million. 5thScape Creates New Future for VR Gaming on the Blockchain The hype …
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In the XRP lawsuit, the US Securities and Exchange Commission (SEC) filed its motion for remedies and entry of final judgment against Ripple, proposing a suite of penalties that includes injunctive relief, disgorgement of profits, and a notable $2 billion in civil penalties today. But that’s not the whole story …
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[PRESS RELEASE – Singapore, Singapore, March 25th, 2024] DigiFT, the first licensed exchange for on-chain real-world assets, announced the launch of the first-ever U.S. Treasury Bill depository receipt tokens that represent direct beneficial ownership in the underlying U.S. Treasury Bill. Depositary receipts (DR) are a well-tested structure in traditional finance …
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Arbitrum (ARB), the Ethereum Layer 2 (L2) scaling solution, recently went through an unlocking event as part of its 2024 roadmap. However, the event raised concerns about how the token’s price would react amid the market slowdown. It’s been a week since Bitcoin’s price started to dip. Despite BTC’s recovery, …
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The crypto bull run ahead of the much-awaited Bitcoin halving is going strong. Despite short-term setbacks, the market is gripped with extreme greed. $100,000 is not a wildly far-fetched price forecast for BTC at this point. One of the crypto projects seeking to gain momentum along with established players like …
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