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SEC Strategic Plan: Crypto Initiatives Among Top Priorities Over Next 4 Years

November 30, 2022 by admin

SEC

The U.S. Securities and Exchange Commission (SEC) has revealed some initiatives involving crypto assets in its Strategic Plan for the fiscal years 2022-2026. The initiatives are intended to address the SEC’s top priorities over the next four years. SEC’s Strategic Plan for FY 2022-26 The U.S. Securities and Exchange Commission (SEC) published its “Strategic …

Report: NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff

November 29, 2022 by admin

Report: NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff

With non-fungible token (NFT) sales a lot lower than they were at the start of the year, NFT companies and marketplaces are feeling the pain associated with the second-largest crypto winter to date. According to a report published on Monday and “multiple people familiar with the situation,” the NFT company Candy Digital is laying …

The Girles Token Presale Raised Over $1 Million – What to Expect?

October 16, 2022 by admin

sponsored Girles Token is a decentralized NFT GameFi token created on the Ethereum platform that also has a Proof-of-Staking protocol. The Girles Token is the main product in the Girles Metaverse, which has applications in over 15 different products. Girles Token was tested before being released on the main Ethereum network, and also after …

Bitgo Files Lawsuit Against Novogratz’s Galaxy Digital for $100M Over ‘Intentional Breach’ of a Merger Agreement

September 14, 2022 by admin

Bitgo Files Lawsuit Against Novogratz’s Galaxy Digital for $  100M Over

According to statements made by the digital asset custody business and financial services provider Bitgo, the firm has filed a lawsuit against the crypto company Galaxy Digital and is seeking damages for more than $ 100 million. Bitgo says Galaxy’s “improper repudiation and intentional breach of its merger agreement” caused the lawsuit. Bitgo …

China’s Metaverse Gaming Market Might Explode to Over $100 Billion According to JPMorgan

September 14, 2022 by admin

JPMOrgan China Metaverse

Analysts from JPMorgan believe that the metaverse gaming market could explode in China even with the current state of regulation, which presents certain difficulties for adoption. Companies like Tencent, Netease, and Bilibili are JPMorgan’s picks when it comes to taking advantage of this potential growth, that at best, might pass the $ 100 …

DC Attorney General Sues Billionaire Michael Saylor and Microstrategy Over Alleged Tax Fraud — Seeks $100 Million

September 2, 2022 by admin

DC Attorney General Sues Billionaire Michael Saylor and Microstrategy Over Alleged Tax Fraud — Seeks $  100 Million

The attorney general of the District of Columbia has sued Microstrategy’s co-founder and executive chairman, Michael Saylor, for tax fraud. The lawsuit also names Microstrategy as a defendant “alleging that it conspired to help him evade taxes he legally owes.” Both Saylor and Microstrategy denied the allegations. The attorney general is seeking more than …

Report: Just Over Half of South Africans Have Little to Zero Knowledge About Cryptocurrencies

July 27, 2022 by admin

About 53% of South Africans have little to no knowledge about cryptocurrency, while only 14% thought or felt they had a better understanding of the subject, a report has said. Nearly half of the respondents said they would only invest in cryptocurrency if or when their respective banks are involved. South Africans Weigh In …

Over Half of This Year’s Financial Pyramids in Russia Involved Crypto, Bank of Russia Finds

July 17, 2022 by admin

Over Half of This Year’s Financial Pyramids in Russia Involved Crypto, Bank of Russia Finds

A majority of the financial pyramids identified in 2022 used cryptocurrencies in one way or another, Russia’s central bank announced in a new report. Amid Western sanctions, Russian scams have stepped up their activities, often claiming to be licensed by foreign authorities to offer access to crypto assets. Russian Pyramids Take Advantage of Western …

Top 100 Apecoin Holders Control Over 51% of the Supply, APE Lost 81% in 2 Months

July 10, 2022 by admin

Top 100 Apecoin Holders Control Over 51% of the Supply, APE Lost 81% in 2 Months

Back in mid-March 2022, Bored Ape Yacht Club’s (BAYC) Apecoin DAO launched and airdropped millions of apecoin tokens to specific NFT holders. The crypto asset dedicated to the BAYC ecosystem tapped an all-time high two months ago reaching $ 26.70 per unit on April 28. However, apecoin is down more than 81% since …

Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship

June 15, 2022 by admin

Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring lawyers. Basically, hiring restructuring and insolvency attorneys is one of the first stages of fixing a company’s financial hardship by essentially attempting to avoid …

Billionaire Stan Druckenmiller Prefers Bitcoin Over Gold in ‘Inflationary Bull Market’

June 13, 2022 by admin

Billionaire Stanley Druckenmiller Prefers Bitcoin Over Gold in

Renowned billionaire hedge fund manager Stanley Druckenmiller says that in an inflationary bull market, he wants to own bitcoin more than gold “for sure.” However, he explained that in a bear market, he would prefer to have gold. Stanley Druckenmiller on Crypto, Bitcoin, and Blockchain Stan Druckenmiller shared his view on bitcoin and cryptocurrency …

US Regulator: Investors Reported Losing Over $1 Billion in Crypto to Scams Since 2021

June 5, 2022 by admin

US Regulator: Investors Reported Losing Over $  1 Billion in Crypto to Scams Since 2021

The U.S. Federal Trade Commission (FTC) has revealed that more than 46,000 people have reported losing over $ 1 billion in cryptocurrency to scams since the beginning of last year. FTC Says Scammers Stole Over $ 1 Billion in Crypto The U.S. Federal Trade Commission published a “Data Spotlight” report on crypto …

Biggest Movers: WAVES up Over 120% in the Last Week, XLM Moves Towards 3-Week High

June 3, 2022 by admin

WAVES was once again higher on Friday, with prices now gaining by over 120% in the last seven days. While WAVES soared, XLM also had a stellar showing, as it moved closer to a three-week high on Friday. WAVES While crypto markets have been either falling or consolidating over the past week, WAVES has …

Bored Ape and Cryptopunk Values Wobble — During the Last Month, Blue-Chip NFT Floor Values Dropped Over 50%

May 28, 2022 by admin

Bored Ape and Cryptopunk Values Wobble — During the Last Month, Blue-Chip NFT Floor Values Dropped Over 50%

While the crypto economy has dropped considerably in value during the last few weeks, seven-day statistics indicate non-fungible token (NFT) sales are down 17.32% lower than last week. Data also shows NFT floor values have tumbled a great deal during the past month as some of the most popular NFTs are selling for a …

Aave Launches Social Media Project Lens Protocol With Over 50 Apps Built on Polygon

May 18, 2022 by admin

Aave Launches Social Media Project Lens Protocol With Over 50 Apps Built on Polygon

The blockchain firm Aave has launched the Lens Protocol, a social media project with applications built on the Polygon blockchain. Lens is similar to the social media platform Twitter but Lens profiles are linked to a non-fungible token (NFT) that can be ported into decentralized applications. Lens Protocol Is Live – Aave Founder Believes …

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