Sam Bankman Fried, a crypto billionaire, is contesting allegations that two of his companies, FTX and Alameda Research, are integrating their venture capital investing activities. The companies in question are FTX and Alameda Research. The announcement, which was made public by Bloomberg, came just one day after Alameda co-CEO Sam Trabucco resigned from his position, … Read more
Another cryptocurrency company in India is now the target of an investigation by India’s financial crimes unit. According to recent reports, India’s Enforcement Directorate (ED) has leveled allegations of illegal forex activity against one of India’s top cryptocurrency exchanges, CoinSwitch Kuber. Additionally, on Thursday, the agency conducted investigations at five other CoinSwitch locations. Reuters was … Read more
In Afghanistan, bitcoin dealers are coming under increasing pressure from the hardline Islamic group known as the Taliban. On Friday, the topic was discussed in the Bloomberg media. A prominent Afghan police official named Sayed Shah Sa’adaat recently discussed the crackdown in a chat with Bloomberg News. Since late December of the previous year, when … Read more
Celsius, a defunct cryptocurrency lending company, based in New Jersey, has filed a countersuit against decentralized cryptocurrency lending platform KeyFi and the company’s CEO, Jason Stone. It asserts that KeyFi lost CEL, which was worth millions of dollars, due to negligence and dishonesty on the company’s part. The lawsuit filed by Celsius follows closely on … Read more
According to Vitalik Buterin, Cryptographic payments are superior, and people underestimate their potential. Vitalik Buterin, one of the co-founders of Ethereum (ETH), is of the opinion that crypto payments offer advantages that are underappreciated by the general public due to the convenience and censorship-proof nature of these transactions. People continue to underrate how often cryptocurrency … Read more
The Nomad Protocol is pleased to announce the launch of the Nomad Whitehat Prize. Hackers who were responsible for the theft of funds from the Nomad bridge earlier this month are being offered an incentive in the form of a Whitehat-inspired non-fungible token (NFT) to refund the money they stole. 1/ Our friends at @metagame … Read more
According to a report from Bloomberg News dated August 24, the High Court of Singapore has given the liquidators of Three Arrows Capital, Teneo, the authority to secure and liquidate the company’s assets in the country. According to this report, Teneo is now authorized in Singapore to make requests to access assets and financial documents … Read more
A lawsuit has been filed against Argentina’s eccentric Bitcoiner presidential candidate, who is accused of pushing a cryptocurrency ponzi scam. In December of 2017, Javier Milei, a leading candidate for the presidency of Argentina, published an Instagram post to his 1.3 million followers in which he promoted CoinX. This cryptocurrency investment platform made users the … Read more
According to a member of the nation’s tax compliance special staff named Yon Arsal, Indonesia has gathered close to $6.8 million in revenue since the implementation of taxes on fintech and cryptocurrency transactions in May. Arsal voiced his confidence that the number would increase during a recent retail conference. He reasoned that since the taxes … Read more
Cryptocurrency regulators in Australia are seeking to do something that no other government has ever done before. The Australian Treasury issued a statement on Monday announcing a multi-step strategy for establishing a crypto regulatory regime that it asserts is more comprehensive and effectively than those previously developed “anywhere else in the world.” The statement refers … Read more