In a recent development that has sent ripples across the cryptocurrency industry, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has likened the current state of the crypto market to the chaotic financial landscape of the 1920s, prior to…
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Popular Star Taylor Swift Dodged the FTX Bullet
The FTX fallout affected a lot of companies and retail investors. This understandably earned the ire of a lot of people who demanded their pound of flesh. Celebrities, who were paid to endorse the collapsed crypto platform, were not spared…
Navigating the Risks of Crypto Asset Securities: What Investors Need to Know – SEC writeup and Advice
The SEC’s Office of Investor Education and Advocacy continues to advise investors to exercise caution when considering investments involving crypto asset securities. These investments can be highly speculative and extremely volatile, and the platforms used for buying, selling, borrowing, or…
SEC Filed Miami-based Investment Advisor BKCoin Management of $100 Million Crypto Fraud Scheme
On March 6, 2023, the Securities and Exchange Commission (SEC) announced that it had taken emergency action against Miami-based investment adviser BKCoin Management LLC and one of its principals, Kevin Kang, regarding a crypto asset fraud scheme. The SEC’s complaint,…
Bitcoin a Hyped-up Fraud and a Pet Rock – JPMorgan CEO
Bitcoin (BTC) has its share of haters. One of the most prominent is JPMorgan’s Chairman and Chief Executive Officer, Jamie Dimon. He has been a Bitcoin critic for years and even described the top cryptocurrency project as fool’s gold and…
SBF and FTX Influencers Shark Tank’s Mr.Wonderful & Tom Brady among many other Influencers involved in a Lawsuit
The FTX collapse saga has turned a new page as a class-action lawsuit has been filed against Sam Bankman-Fried (SBF), the former CEO of the embattled crypto company. A class action is a lawsuit filed by an individual or a…
Tom Brady And Other Celebrities Face Class Action Lawsuit For “Promoting” FTX
A class action lawsuit has been brought by FTX investors against the platform’s founder and former CEO as well as a number of well-known figures who supported it. The class action, which was filed on Tuesday evening in Miami, asserts…
SEC Goes After Trade Coin Promoters Alleging $295 Million Scam
The founder and three U.S. promoters of Trade Coin Club were charged by the Securities and Exchange Commission with operating a Ponzi scheme that raised 82,000 bitcoins, worth $295 million in 2018, from investors throughout the world. Charges against four…
China Has A $3.9 Billion Bitcoin Stash Despite Hostile Crypto Stance
The Chinese government is a crypto whale, according to Ki Young Ju, co-founder of CryptoQuant, despite its hostile stance toward the sector. Young Ju claims that China has seized $6 billion worth of cryptocurrencies from the PlusToken scam in 2019,…
South Africa Declares Digital Assets to Be Financial Products.
With the country’s financial authority designating digital assets as financial goods, South Africa has made a significant advancement in Bitcoin legislation. The Financial Advisory and Intermediary Services Act of the nation was revised to incorporate digital assets, according to a…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
