Author: e_cash_top

[ad_1] Investment firm Albright Capital has voluntarily dismissed its fraud charges against the failed Terraform Labs and its executives including Do Kwon. Following the historic Terra collapse in May 2022, Albright Capital, law firm Scott +Scott, Bragar Eagel & Squire independently filed class actions against Terraform Labs. Albright Capital in its lawsuit alleged that Terraform…

[ad_1] The brother of a former Coinbase manager, Nikhil Wahi, was sentenced to 10 months in prison on Jan. 10 for making trades based on confidential Coinbase information he acquired from his brother, Reuters reported. Nikhil Wahi is the brother of Coinbase’s former product manager Ishan Wahi. Prosecutors claimed that Ishan Wahi tipped his brother…

[ad_1] The biggest news in the cryptoverse on Jan. 10 saw Gemini co-founder Cameron Winklevoss accuse DCG CEO Barry Silbert of fraud and demand his removal — only to receive a rebuttal from DCG itself. Elsewhere, Binance liquidated more than $75 million of Shiba Inu tokens, Albright Capital dropped a lawsuit against Terraform Labs, and…

[ad_1] Binance failed to follow its procedures for BUSD reserves between 2020 and 2021 since it didn’t keep enough reserves to support its BUSD stablecoin, according to a report by Bloomberg. The mismanagement led to Binance-peg BUSD being undercollateralized three times between 2020 and 2021, with collateral gaps exceeding $1 billion on each occasion, according…

[ad_1] After a brutal sequence of events led to the collapse of several crypto-related firms in 2022, FTX’s bankruptcy dealt a massive blow to public trust in centralized crypto entities. During this period of heightened market volatility, crypto investors preferred Circle’s USD Coin (USDC) to Tether’s USDT. According to Glassnode’s data, while USDT is the…

[ad_1] Grayscale’s Bitcoin Trust (GBTC) shares rose 12% on Jan. 9 to $9.65 and narrowed the discount to its net asset value to 38.55% — its largest one-day increase since February 2022, according to YCharts data. Bitcoin Magazine CEO  David Bailey has started a campaign labeled “redeem GBTC.” The campaign’s goal is to reduce GBTC’s…

[ad_1] The Digital Currency Group (DCG) has responded to recent allegations made by Gemini co-founder Cameron Winklevoss against the DCG, calling them “desperate and unconstructive publicity stunts.” This is another desperate and unconstructive publicity stunt from @cameron to deflect blame from himself and Gemini, who are solely responsible for operating Gemini Earn and marketing the…