Crypto news

[PRESS RELEASE – Please Read Disclaimer] New Delhi, February 13, 2023: 5ire is one of the world’s fastest-growing unicorns with a mission to make blockchains sustainable and accessible for over one billion people by 2030. 5ireChain is an EVM-compatible sustainability-oriented smart contract platform that focuses on developing a sustainable and for-benefit ecosystem based on the United Nations Sustainable Development Goals (UN SDGs). 5ire’s Testnet: Thunder (Beta) went live on...

According to Sam Bankman-Fried, the disgraced head executive of the now defunct crypto exchange FTX, he only had about $100,000 to his name after his business fell into bankruptcy and he was arrested on alleged fraud charges. However, it appears federal prosecutors have seized as much as $700 million, all of which is believed to have been in accounts owned either by SBF himself or by the exchange. Sam Bankman-Fried Says He Only Had $100K In yet another string of lies,...

Hong Kong’s position as an upcoming hub of crypto businesses is being increasingly noticed and discussed in the relevant circles. In a tweet, Coinbase CEO Brian Armstrong referred to the city-state to stress that the United States may lose its position as the financial hub of the world for lacking crypto regulations. Armstrong Calls for Regulations “America risks losing it’s status as a financial hub long term, with no clear regs on crypto, and a hostile environment from...

The Dutch Central Bank has thrown a $3.6 million penalty fee at Coinbase for allegedly failing to meet the region’s registration requirements prior to offering digital currency services in the Netherlands. Coinbase Hit with Huge Penalty Fee The bank says Coinbase has been operating on an unregistered basis since November of 2020. While the appropriate registration protocols were finally adhered to in September of 2022, the company went through a two-year period where it...

Two women in Grand Traverse County in Michigan were scammed out of more than $50K in crypto funds after falling victim to a digital currency fraud scheme. The news came by way of a statement given by Sheriff Lt. Brandon Brinks. Lt. Brinks on Crypto Scams In the statement, Brinks said crypto scams are always difficult to narrow down and track given that they’re always changing, and fraudsters are always altering their methods of obtaining digital asset funds. He said:...

On February 17, the Securities and Exchange Commission (SEC) charged NBA Hall of Famer Paul Pierce with illegally promoting the EMAX token on his social media accounts. The EMAX token was offered and sold by EthereumMax. According to the complaint, Pierce has agreed to pay a penalty of $1,115,000, plus approximately $240,000 in disgorgement and prejudgment interest, without admitting or denying guilt, to avoid greater sanctions from regulators. He is also prohibited from...

Bitcoin’s volatile performance as of late continued in the past 24 hours as the asset touched $25,000 once again before falling back down by $500. Several altcoins are well in the green as well, with OKB stealing the show and tapping a new all-time high beyond $50. Bitcoin Stopped at $25K Again It was just several days ago when the primary cryptocurrency had dipped to $21,500 amid the ongoing regulatory scrutiny by the United States authorities. However, the landscape changed...

Gilbert Armenta – the former boyfriend of Ruja Ignatova (more famous as the “Cryptoqueen”) – will reportedly spend five years in jail for participating in the fraudulent cryptocurrency project OneCoin. The Bulgarian-born Ignatova – the Founder of the infamous Ponzi scheme – sits on the FBI’s ten most-wanted list. She was last seen in 2017 in Greece, while some sources hinted she could have been killed. Armenta Gets Five Years, Instead of Seven According to a Bloomberg...

Binance.US refuted an earlier report made by Reuters, which stated that the international exchange allegedly moved $400 million from an account belonging to the American affiliate. In an attempt to clarify the situation, Binance.US said that only executives of the platform had such access to its bank accounts. Binance Purportedly Transferred $400 Million from Binance.US A report released by Reuters on Thursday (Feb. 16, 2023) claimed that bank records and company messages...

The largest creditors of bankrupt cryptocurrency exchange Mt. Gox have chosen a payment option that will allow them to receive a lump sum of their recovery payout in bitcoins rather than fiat. The creditors, now-defunct crypto exchange Bitcoinica and Mt Gox Investment Fund (MGIF), collectively represent about one-fifth of the bankruptcy claims. Gox Biggest Creditors Choose Bitcoin Payment Both entities have opted to receive up to 90% of their claims in BTC during the early...