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Fed’s Powell Scrutinized for Owning Bonds of the Same Type the Central Bank Bought During Pandemic
21.9.2021
As a number of Federal Reserve presidents have been criticized for their 2020 stock moves, Fed chairman Jerome Powell has been cast into the limelight for owning $1.5 million municipal bonds like the ones the U.S. central bank purchased in 2020 during the pandemic. All Eyes Are On Jerome...
Korean Province Seizes Cryptocurrencies From 1,661 Investors for Unpaid Fines
21.9.2021
A South Korean province has seized cryptocurrencies worth over $5 million from 1,661 investors who were more than $12 million in arrears on their fines in total. The seizure followed an investigation of nearly 30,000 companies and individuals as well as their cryptocurrency holdings at four...
Largest NFT Market by Volume Opensea Launches Smartphone Application
20.9.2021
On September 17, the largest non-fungible token (NFT) marketplace in terms of volume, Opensea, announced the launch of the platform’s mobile application. Opensea marketplace users can now access a wide variety of NFT collections on their smartphones by downloading the application from...
US Court Sentences Cryptocurrency Hedge Fund Founder to 7.5 Years in Prison
19.9.2021
The founder of two cryptocurrency hedge funds in New York, Stefan Qin, has been sentenced to 7.5 years in prison and three years of supervised release. He is also ordered to forfeit about $55 million. The Department of Justice (DOJ) said that he “engaged in a scheme to steal assets”...
Viral Philanthropic App Dreamr® Announces the Return of Charlie Rocket’s Dream Machine Tour
18.9.2021
PRESS RELEASE. Social media dream builder Charlie Rocket and Dreamr Labs announce 2nd nationwide tour with $1 million traveling giveaway kicking off at Life is Beautiful Festival in Las Vegas, 9/17 Click to tweet: Hit the road with Charlie Rocket and @dreamr_app as they travel the country building...
NFT-based Fixed Lending Protocol Pledge Backed by Stanford Alumni Announces Successful Fundraise
18.9.2021
PRESS RELEASE. Pledge Finance is launching a cross-chain decentralized finance ecosystem, purpose-built for the financial sector following a successful private round in which it raised more than $3 million. Hong Kong – Pledge Finance, an algorithm-driven, multi-chain decentralized finance...
After Fed Members Disclose Million-Dollar Stock Trades Fed’s Powell Initiates Ethics Inquiry
17.9.2021
The Federal Reserve chairman Jerome Powell has directed his staff to start an ethics inquiry into the financial activities of Fed members, as a number of senior central bank officials are being questioned for their investments. Reports indicated last week that the president of the Dallas Federal...
Massachusetts Casinos Net $26 Million In Tax Revenue
17.9.2021
As per the August reports, the Massachusetts Commission stated that it had collected a total tax of $869 million in a year from three casinos, MGM Springfield Casino, Plainridge Park Casino, and the Encore Boston Harbor Casino. A total tax amount of $26.2 million, collected from the state-licensed...
Avalanche Pulls Down $230 Million Investment Led by Polychain and Three Arrows Capital
17.9.2021
Avalanche, a smart contract-enabled cryptocurrency, has received a $230 million investment from a group of VC companies. The funding round, which is being described as a private sale, was led by Polychain and Three Arrows Capital, with the participation of other companies. This investment will give...
USD 230M Avalanche, Binance Centralization, Influential Vitalik + More News
16.9.2021
e/">AVAX tokens, according to Bloomberg. Other participants in the token sale included R/Crypto Fund, Dragonfly, CMS Holdings, Collab+Curre
Zabu Finance Suffers First Big Exploit in Avalanche Defi, Loses $3.2 Million
15.9.2021
Zabu Finance, a decentralized yield farming protocol on Avalanche, suffered the first big hack related to the chain. The protocol was the victim of an exploit that allowed an attacker to steal $3.2 million in tokens, according to reports. The core of the exploit happened due to a vulnerability...
FUFU Raises $1.7m From Major Investors to Develop the Next Generation Content Marketing Platform
14.9.2021
UwUFUFU.com, a content marketing platform, has successfully raised $1.7 million USD from early investors. Adopting the play-to-earn mechanism in the form of viral quizzes, anyone can create, play, share quizzes and earn NFTs through FUFU’s reward system. NFTs on FUFU function as...
Elon Musk’s New Puppy Tweet Sends Shiba Floki Token Soaring, FLOKI Jumps More Than 900% in 24 Hours
13.9.2021
The CEO of Tesla, Elon Musk shared a picture of a Shiba Inu pup and said “Floki has arrived” to his 59.8 million Twitter followers. Of course, the tweet affected the price of a few specific meme-based crypto assets that leverage the “Floki” name. Shiba Floki Token Soars...
Microstrategy Buys 5,050 More Bitcoins, Now Hodls 114,042 BTC
13.9.2021
Nasdaq-listed Microstrategy has purchased 5,050 more bitcoins for $243 million, raising its total bitcoin holdings to 114,042 coins. Microstrategy Continues to Grow Its Bitcoin Stash The pro-bitcoin software company Microstrategy announced Monday that it has purchased more bitcoins. CEO Michael...
ADALend Is Building a Cardano Native, Scalable and Decentralized Lending Protocol
13.9.2021
ADAlend.finance , a protocol that is bringing decentralized lending to the Cardano blockchain, has just sold out its private sale in less than one hour. Seven private angel investors have purchased the entire seed allocation of 1.8 Million Cardano native ADAL tokens for $540,000. Seed round...
$30 Million Crypto Scheme’s Leader Pleads Guilty, Facing up to 20 Years in Prison
11.9.2021
The leader of a cryptocurrency scheme that swindled over $30 million from investors has pleaded guilty to fraud, the U.S. Department of Justice (DOJ) said. He now faces a maximum sentence of 20 years in prison. Leader of $30M Crypto Scheme Pleads Guilty to Fraud The U.S. Department of Justice (DOJ)...
Leading Auction House Sotheby’s Auctions 107 Bored Ape Yacht Club NFTs for $24 Million
11.9.2021
The British-founded American multinational corporation headquartered in New York City, Sotheby’s, closed the Yuga Labs “101 Bored Ape Yacht Club” non-fungible token (NFT) collection auction at $24.3 million for the lot. The auction ended on September 10 and surpassed...
Report Says Western Union Could Lose $400M if El Salvador’s Chivo Bitcoin Wallet Gains Traction, Tim Berners-Lee Weighs In
10.9.2021
The Republic of El Salvador has made many headlines this week as the country adopted bitcoin as legal tender on Tuesday and became the first-known nation-state to purchase the leading crypto asset. A recent report details that remittance providers like Moneygram and Western Union could lose up...
Super Bowl Star Tom Brady, Supermodel Gisele Bundchen Star in $20M Ad Campaign for Crypto Exchange FTX
9.9.2021
Seven-time Super Bowl winner Tom Brady and his supermodel wife Gisele Bündchen are featured in a new commercial for cryptocurrency exchange FTX. The company plans to invest $20 million in the ad campaign. Tom Brady and Gisele Bündchen Star in Commercial for FTX Tom Brady and Gisele...
CoinFLEX Announces Its Major Milestones of 2021
8.9.2021
PRESS RELEASE. Since early August, CoinFLEX has seen a tremendous increase in trading activity, climbing to a staggering high of $3 billion USD daily trading volume with Open Interest over $200 million dollars. The increase in trading volumes and market liquidity are indications...