On Wednesday, the United States Justice Department revealed that it had filed charges against nine individuals for running two crypto scam projects, including Forcount and IcomTech. In a statement, U.S. Attorney Damian Williams said that these charges should serve as a warning to all crypto scammers targeting innocent investors. According to the Justice Department, both … Read more
The cryptocurrency market saw a slight recovery today, with the global market capitalization gaining 0.08% to $854.54 billion during this publication. Meanwhile, the past 24hrs had the cryptocurrency market volume at $35.30 billion, indicating a 7.14% decline. Meantime, the world’s leading digital coins, Bitcoin and Ethereum, noted slight gains of 0.13% & 0.14% to $17,033 … Read more
Binance cryptocurrency exchange has made another feat again after it secured approval to operate in a prominent city in the United Arab Emirates, Abu Dhabi. The blockchain service provider company will be able to offer its blockchain service provision in the Abu Dhabi Global Market (ADGM) the UAE’s financial center. Abu Dhabi Grants Regulatory Approval … Read more
Former FTX exchange CEO, Sam Bankman-Fried has been under a series of investigations, following the sudden collapse of the exchange. In a recent update, it has been revealed that SBF is likely to be extradited by American law enforcement agencies to the United States. American Authorities In Talks To Extradite SBF to US According to … Read more
Digital payment facilitator, Visa has ended all ties with the FTX cryptocurrency exchange, following a series of negative events happening to the exchange. The termination announcement was made known earlier by the company’s Crypto Head of Department, Cuy Sheffield. Visa Terminates Partnership With FTX, In Less Than 2 months The crypto debit card partnership deal … Read more
Gate Technology Inc has announced the extension of its footprint into the Turkish market in the coming months. Gate.io Since the inception of 2022, the exchange platform has made known its plan to launch and create branches in different continents and regions. Gate.io Set To Launch An Office In Turkey The expansion announcement was made … Read more
FTX crypto exchange is going through a difficult phase, as the exchange suffered another considerable loss a few hours ago. The exchange was attacked by a cyber-criminal, who transferred funds from the exchange’s wallet. Hackers Divert Over $300 Million From FTX Wallet In the early hours of Saturday, FTX suffered a cyberattack after its wallet … Read more
BlockFi announced on Twitter that this will halt customer payouts due to “a shortage of information” regarding the situation of FTX US, a former sponsor, along with the ambiguity surrounding FTX.com and sibling financial firm Alameda Research. Moves by BlockFi At the time, BlockFi users were urged not to add money to their involvement or … Read more
The sudden fall and collapse of one of the largest crypto exchanges globally, FTX, has continued to exert a negative effect on the crypto markets. The current liquidity and bearish appearance of the market have also continued to create fear in traders, investors, and sellers. Although, the dumping and sale of holding have been ongoing … Read more
Few days ago, the global cryptocurrency/web3 space was shocked by an announcement from Binance exchange to acquire a rival exchange, FTX. Although Binance is one of the biggest crypto exchanges in the world, acquiring/merging with FTX was an unexpected dream. During the past few months, Binance and FTX have acquired/merged with different struggling companies in … Read more
