Category: Latest news

[ad_1] Canadian pension fund CPP Investments which manages $388 billion for roughly 20 million Canadians, has given up its crypto investment plan after a year-long study of crypto investment opportunities, according to Reuters sources. Early in 2021, CPPI’s Alpha Generation Lab, which studies emerging investment trends, formed a three-member team to research cryptocurrencies and blockchain…

[ad_1] The US Department of Justice said it has arrested Rikesh Thapa, the former chief technology officer of a blockchain company, for allegedly defrauding his company of over $1 million. The DOJ did not name the company in its Dec. 7 news release. Thapa’s LinkedIn reveals that he co-founded the blockchain company Blockparty in 2017…

[ad_1] European Central Bank official Fabio Panetta has argued that the crypto market cannot be trustless and stable without adequate transparency and regulatory safeguards. Panetta while speaking at the London School of Economics on Dec. 7, said that the FTX implosion showed that crypto was a bubble waiting for the right time to burst. It…

[ad_1] Polygon co-founder Sandeep Nailwal went on the defense against “ecosystems who are feeling defeated & jealous.” The comment was motivated by a tweet from Mert Mumtaz, the co-founder, and CEO of Helius Labs, who pointed out Polygon had received more VC money than Solana and had used the funding to “pay people to use…

[ad_1] Tech giant Microsoft uncovered an attack targeting crypto startups using a pdf file that uses the names OKX, Binance, and Huobi. The pdf file is titled “OKX, Binance & Huobi VIP fee comparison.xls.” and includes a malicious code that allows the attackers to access the victim’s software remotely, and run an excel macro in…

[ad_1] The U.S. Department of Justice (DOJ) has revisited its case against Frank Schneider who served as the Crisis Manager for OneCoin — a $4 billion scam project. OneCoin was a crypto-based Ponzi scheme led by Bulgarian national Ruja Ignatova in 2014. The scam project collapsed in 2017 after raising about $4 billion from investors…

[ad_1] KuCoin Labs, the investment and incubation arm of the KuCoin ecosystem, has announced its co-lead investment in LiquidFactory.io, a startup that is building a privacy network with native encrypted cross-chain communication. The $1.25 million fund raise also attracted backing from VC firms including IDG capital, CDH VGC, Lapin.Digital, Ascensive Assets, and Acheron Trading. Aviv…

[ad_1] Warner Music Group and Polygon have announced a multi-year partnership with LGND to establish a new collaborative, digital collectible platform called LGND Music. According to a Dec. 6 announcement, “select WMG artists” will be able to launch digital collectibles and connect their fans to “special content and experiences.” This collaborative announcement follows on from…

[ad_1] Liquidators of Three Arrows Capital (3AC) have received approval to issue a subpoena to co-founders Su Zhu and Kyle Davis. A subpoena is an order issued by the court to have the recipient testify and provide documents needed in a legal proceeding. Since Three Arrows Capital filed for bankruptcy on July 1, Su Zhu…

[ad_1] The biggest news in the cryptoverse for Dec. 6 includes  Michael Saylor criticizing SBF, Ethereum inflation coming back, Silvergate exposure to FTX, and MetaMask addresses IP address concerns.  “Fatmanterra Alleges Terraform Labs Dumped 450m UST Over 3 Weeks Before Its Collapse” Cryptocurrency analyst Fatmanterra has accused Terraform Labs of dumping 450 million UST tokens…