Industry
Hindenburg Research Report Blocks Short Positions, Alleges Fraudulent Facilitation and Inflated Metrics
A report following a two-year investigation by Hindenburg Research said digital payments firm Block "systematically exploited demographic data it claimed was helpful," accusing the company of inflating user metrics and facilitate fraudulent practices.Seth RowdenDo Kwon faces fraud charges from U.S. prosecutors hours after arrest
Terraform Labs CEO Do Kwon has been charged with fraud by U.S. prosecutors in New York, hours after his reported arrest in Montenegro.Seth Rowden3AC co-founder could answer subpoena or 'take a chance' US judge
Kyle Davis, co-founder of bankrupt cryptocurrency hedge fund Three Arrows Capital, has been ordered to answer a subpoena issued to him in January or risk contempt of court.Seth RowdenChatGPT can now access the internet with a new OpenAI plugin
ChatGPT, an artificial intelligence chatbot, can now retrieve information from online sources and interact with third-party websites through a new plug-in feature introduced by its creator, OpenAI.Seth RowdenTether, the USDT issuer, has as much as $1.7B in excess reserves, says CTO
Crypto Company Tether - Issuer of Stablecoin Tether - Tether CTO Paolo Ardoino told Cointelegraph at Paris Blockchain Week 2023 that a profit of $700 million is expected in the first quarter of 2023, on par with the last quarter of 2022 .Seth RowdenBinance Employee Allegedly Helping Chinese Clients Bypass KYC Controls
Since the FTX scandal, the world's largest cryptocurrency exchange, Binance, has made a major effort to become the industry leader in transparency. However, a new report claims that Binance insiders are suspected of helping users bypass security protocols.Seth RowdenBinance Spot Trading Suspended Over Issue With Trailing Stop Orders
Cryptocurrency exchange Binance has encountered major issues with spot trading on the platform. According to an announcement from Binance’s official Twitter account, on March 24, Binance suspended all spot transactions.Seth RowdenzkSync Era launches with Uniswap and Sushi -first zkEVM on mainnet
Some of the biggest names in decentralized finance, including Uniswap, Sushi, Maker, and Curve, will launch zero-knowledge proof rollup zkSync Era on March 24.Seth RowdenVenture capitalists drop Zipmex bailout, company warns of consequences
According to reports, cryptocurrency exchange Zipmex has not received the latest payment under the acquisition agreement with venture capital firm V Ventures.Seth RowdenEuropean banks head for another weekend of uncertainty as default risks surge
European banks are heading into the weekend with fresh worries about their future, as shares of Deutsche Bank plunged more than 7% on the New York Stock Exchange on March 24 after a day of losses in Frankfurt.Herman HayesAnimoca Brands cuts metaverse fund target to $800M
Hong Kong-based blockchain gaming technology developer Animoca Brands has lowered its metaverse fund target by a further 20% to $800 million, Reuters reported, citing people familiar with the matter.Herman Hayes"America has left a vacuum that other countries are eager to fill"
With Coinbase appearing to be on the verge of a lawsuit with the U.S. Securities and Exchange Commission (SEC), the company emphasized that the U.S.Herman HayesCustodia Bank Membership Denied Due to Links to Crypto Markets, Fed Says
The U.S. Federal Reserve released an 86-page report on March 24 detailing the reasons for rejecting Custodia Bank’s application to join in January, including the bank’s foray into the crypto space.Herman HayesVenezuela Shuts Down Crypto Mining Facility, Exchange Amid Corruption Probe
Venezuela’s energy provider has shut down crypto mining facilities across the country as part of a restructuring of the state’s crypto sector and an ongoing corruption investigation involving the country’s oil company.Herman HayesFujitsu Interested in Cryptocurrency Trading Services, Trademark Filing Reveals
Japanese tech giant Fujitsu has filed a trademark application with the United States Patent and Trademark Office (USPTO),Herman HayesSEC charges Justin Sun, Jake Paul, Lindsay Lohan, and others with Tron-related violations
The U.S. Securities and Exchange Commission (SEC) announced on Wednesday that Tron founder Justin Sun and his company violated securities laws, charging him with market manipulation, fraud and airdropping unregistered securities to investors.Seth RowdenUS Senator Ted Cruz Proposes CBDC Ban Amid Republican Opposition
Republican Senator Ted Cruz proposed legislation late Tuesday to block the issuance of central bank digital currencies (CBDCs) in the United States, joining a growing number of high-profile Republican politicians opposing the idea.Seth RowdenElizabeth Warren takes aim at 'shady' crypto audits in letter to Accounting Oversight Board
U.S. Senators Elizabeth Warren and Ron Wyden said they were "disappointed" by the Public Company Accounting Oversight Board's (PCAOB) failure to hold auditors accountable for "bogus" crypto audits.Seth RowdenDeutsche Bank shares plunge, default insurance soars amid more banking panic
Shares in Germany's largest lender, Deutsche Bank, started to tumble on Friday as worries over the financial sector continued to spread following a string of global bank failures this month. Meanwhile, the cost of insuring the bank against a possible failure has risen to a four-year high.Seth RowdenTim Draper Advises Founders to Hold “At Least” Two Crypto Payrolls of “Cash Equivalent”
American venture capital investor and entrepreneur Tim Draper advises founders to keep at least two bitcoins worth of cash Or alternative cryptocurrencies, among other diversification proposals in response to the uncertainty surrounding the collapse of Silicon Valley Bank (SVB).Seth Rowden
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View more- 1S&P 500 Reclaims 200-Day Moving Average, Bitcoin Gains
- 2Trump Softens His Stance on Reciprocal Tariffs, US Stocks and Crypto Markets Rise
- 3Vitalik Buterin : The current price of ETH has not been affected by the merger event
- 4Vibhu Norby : Solana Spaces store to bring 100K people to Solana per month
- 5CZ: compared with the record high nine months ago, the current situation of the industry is much better
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