Category: Latest news

[ad_1] Singaporean crypto exchange Pionex announced that it removed Huobi’s market-making funds from its platform due to the gradually declining trading activity on the exchange. The announcement states: “Huobi Exchange’s trading activity on the platform has gradually decreased in recent months, and Pionex’s security team has also gradually reduced the aggregated market-making funds on the…

[ad_1] A U.S. district court has ordered the detention of  Mango Markets’ exploiter Avraham Eisenberg over concerns that he may flee before the trial is finished. Avraham Eisenberg was arrested on Dec. 27 for allegedly exploiting Mango Markets to steal assets worth approximately $110 million. The accused has publicly admitted to perpetrating the attack. Prior…

[ad_1] Top Solana (SOL) NFT marketplace Magic Eden has promised to refund users who mistakenly bought unverified NFTs from its platform, according to a Jan. 4 statement. Several users of the NFT marketplace reported that scammers passed off fake NFTs as part of popular collections like y00ts and ABC and sold them for hundreds of…

[ad_1] The U.S. Securities and Exchange Commission has filed charges against eight individuals involved in a crypto scheme called CoinDeal, according to a Jan. 4 press release. The SEC said in its complaint that CoinDeal founder Neil Chandran operated a fraudulent crypto investment scheme along with other individuals and groups. CoinDeal’s perpetrators raised over $45…

[ad_1] The sports collectible company Fanatics is divesting its stake in the NFT firm Candy Digital, according to reports from CNBC on Jan. 4. Candy Digital was founded in 2021 and has produced collections of NFTs for various sports leagues and groups including MLB, WWE, and NASCAR. It also branched out to produce crypto-collectibles for…

[ad_1] A new update regarding the Celsius bankruptcy case came on Jan. 4 as Judge Martin Glenn ruled that the funds deposited to Earn Accounts, which amount to $4.2 billion, are the property of Celsius, not the investors. The ruling document  states: “The Court concludes, based on Celsius’s unambiguous Terms of Use, and subject to any…

[ad_1] U.S. authorities will take control of Robinhood shares that are under dispute by FTX-related parties, according to various reports on Jan. 4. Those reports indicate that the U.S. Department of Justice (DOJ) either has seized or is currently seizing Robinhood shares related to FTX. During a hearing, counsel for the DOJ said that the…

[ad_1] The biggest news in the cryptoverse for Jan. 4 includes the World Economic Forum outlining its future vision for crypto, the US DOJ taking control of Robinhood shares under dispute by FTX-related parties and CryptoSlate’s analysis of Bitcoin UTXOs. CryptoSlate Top Stories Coinbase had “inadequate” AML measures; settles for $100M with NYDFS Coinbase will…

[ad_1] The U.S. Securities and Exchange Commission (SEC) is pausing Voyager Digital’s plans to sell its assets to Binance.US, according to a court filing dated Jan. 4. In that limited objection, the SEC asserted that Voyager has failed to provide certain pieces of information. Specifically, it said that Voyager has not shown that Binance.US will…

[ad_1] Officials at Dec. 13-14 FOMC meeting agreed to continue increasing the cost of credit in 2023 but gradually to limit economic growth risks. The FOMC meeting declared: “No participants anticipated that it would be appropriate to begin reducing the federal funds rate target in 2023.”   According to the minutes of the meeting, released on…