The recent JPEX crypto scandal has sent shockwaves through Hong Kong, a global financial hub and gateway to China. This Dubai-based cryptocurrency exchange stands accused of defrauding thousands of investors, resulting in losses exceeding $160 million. This scandal has brought to light the regulatory loopholes and lack of investor protection in Hong Kong’s nascent crypto
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The asset management firm Valkyrie, which has been considered one of the frontrunners for the first Ethereum exchange-traded fund (ETF) in the United States, recently decided to pause its purchase of Ether futures contracts. This decision comes in light of the firm’s strategy to wait for the approval of an Ether futures ETF by the
Blockchain technology is rapidly evolving, with numerous platforms striving to enhance security, scalability, and user adoption. In a significant development, Google Cloud has joined Polygon’s Proof-of-Stake (PoS) network as one of its decentralized validators. By leveraging Google’s reputation for robust security services, this collaboration aims to strengthen the blockchain ecosystem. Google Cloud’s involvement as a
In a recent statement, Gemini, the popular cryptocurrency exchange founded by the Winklevoss twins, responded to allegations made by the New York Post regarding the withdrawal of funds from the bankrupt lender Genesis. The report claimed that Tyler and Cameron Winklevoss secretly withdrew over $280 million from the lender, raising questions about whether these funds
In a recent filing by the Securities and Exchange Commission (SEC), shocking allegations have come to light regarding the co-founders of the now-defunct Terra blockchain project. The SEC claims that the leaders of Terraform Labs, the company behind the project, conspired to create fraudulent transactions during the development of the project. According to the SEC,
The cryptocurrency market has been witnessing a surge in on-chain activity and trading volumes, leading to a significant rally for HarryPotterObamaSonic10Inu (BITCOIN). After a turbulent September that saw BITCOIN experience a massive decline of nearly 80% in less than a month, the cryptocurrency has managed to bounce back with a remarkable gain of 20.51%. This
In recent months, there have been significant legal developments surrounding the cryptocurrency XRP and its parent company, Ripple. These developments have the potential to greatly impact the price of XRP, with both positive and negative implications. This article will analyze the various factors at play and assess the potential outcomes for XRP investors. The recent
The World Federation of Exchanges (WFE) has recently provided suggestions to tackle user adoption and regulatory concerns in the digital asset sector. In their press release on September 28, the exchange body highlighted six recommendations for both the sector and regulators to address user fears. As some members of the WFE adopt blockchain technology and
An unnamed individual in China recently faced a hefty fine of 1.06 million yuan ($144,907) for using a virtual private network (VPN) to access restricted websites as part of their remote work routine. This individual, who worked as a consultant between 2019 to 2022, utilized a VPN to access platforms such as GitHub, Zoom, and
Crypto exchange Coinbase has recently announced that its international exchange has received regulatory approval from the Bermuda Monetary Authority (BMA) to offer perpetual futures to non-U.S. retail customers. This move marks a significant milestone for Coinbase as it aims to tap into the largest sector of the cryptocurrency trading market. Expanding Access to Perpetual Futures