Category: Latest news

[ad_1] Self-described “DeFi, non-custodial, banking protocol,” Meld responded to allegations of foul play, stating no insider trading had taken place on its platform. Meld denies wrongdoing The accusations stemmed from on-chain analysis conducted by TapTools, highlighting a series of large token sales. Further sleuthing revealed the address responsible had sold tokens worth 1.24 million ADA,…

[ad_1] New York attorney General Letitia James filed a lawsuit against Alex Mashinsky, the co-founder and former CEO of Celsius Network LLC. James said that Mashinsky violated the Martin Act and New York’s Executive and General Business Laws by allegedly defrauding investors into depositing billions of dollars into digital asset within the cryptocurrency lending company.…

[ad_1] Bitcoin (BTC) hashrate rose 20% to a new all-time high on Jan. 12 — the second time the hashrate increased to a new ATH in the last seven days. It has since retraced to 251.79 EH/s as of press time. Source: Glassnode Crypto investor Asher Hopp pointed out that Bitcoin’s hashrate rose to an…

[ad_1] Celsius Mining entered into a Jan. 7 sales agreement to sell 2,687  Bitcoin mining rigs for $1.34 million to Touzi Capital , according to a Jan. 11 court filing. The mining rigs are “MicroBT ASIC M30S” located in Houston, Texas, with a hashrate ranginf between 84TH/s to 92TH/s. Celsius Mining said it held discussions…

[ad_1] Crypto exchange platform Crypto.com has moved to lay off about 20% of its global workforce. Crypto.com CEO Kris Marszalek said in a Jan. 13 post that the exchange made the difficult decision to slash its workforce to weather the challenges of the current bear market. Crypto.com reportedly grew its workforce to roughly 4,000 in 2022.…

[ad_1] Glassnode data analyzed by CryptoSlate shows that the U.S.-based crypto exchange Gemini and its stablecoin Gemini Dollar (GUSD) are starting to lose followers and the community’s trust as metrics fall to all-time lows. GUSD holders and exchange volumes The number of active addresses that hold GUSD has slumped back to its 2020 levels. The chart…

[ad_1] Richard Heart took to Twitter teasing a PulseChain screenshot, adding, “Its [sic] working on private v3 testnet.” Word of PulseChain first broke in July 2021, with the accompanying press release openly admitting its intention to fork the Ethereum code and add “significant enhancements,” including cheaper gas fees and quicker block times, at three seconds…

[ad_1] BitConnect victims will receive $17 million in restitution money, according to an announcement from the U.S. Department of Justice (DOJ) on Jan. 12. That statement indicates that a federal court in San Diego, California has ordered said funds to be delivered to 800 individuals in 40 countries. BitConnect was widely recognized as Ponzi scheme,…

[ad_1] The U.S. Securities and Exchange Commission has charged Genesis and Gemini over their now-defunct Gemini Earn program, according to a Jan. 12 announcement. SEC chair Gary Gensler said: We allege that Genesis and Gemini offered unregistered securities to the public, bypassing disclosure requirements designed to protect investors. Today’s charges build on previous actions to…

[ad_1] The biggest news in the cryptoverse for Jan. 12 saw former FTX CEO Sam Bankman-Fried comment on a possible FTX recovery and tell his side of the story. Elsewhere, Nexo has been accused of financial crimes and has had its offices raided. Lido is accumulating staked ETH, while Binance is doubling down on Fetch.ai.…