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Web3 Company Animoca Brands Lowers Fundraising Goal to $1 Billion in Q1 2023
7.1.2023
Animoca Brands, a Web3 gaming-focused company, has announced it is now targeting a raise of $1 billion for a fund directed to inject help for already established blockchain projects. The number is significantly lower than the $2 billion the company announced back in November as an upper limit...
Thai SEC Launches ‘Crypto Academy’ to Help Digital Asset Investors
7.1.2023
The Thai Securities and Exchange Commission (SEC) has launched a crypto academy where investors can learn about digital assets free of charge before investing. “The more you know your investments, the less risk you will have,” the Thai regulator emphasized. Thai SEC’s Crypto...
Crypto Conglomerate DCG Being Investigated by DOJ, SEC: Report
7.1.2023
Officials with the U.S. Department of Justice's Eastern District of New York and the Securities and Exchange Commission are examining transfers between Digital Currency Group and Genesis, one of its subsidiaries, a report late Friday said
SEC Charges Team Behind Coindeal Crypto Fraud That Promised 500,000 Times Investment Returns
7.1.2023
The U.S. Securities and Exchange Commission (SEC) has charged the team behind Coindeal, a $45 million fraudulent crypto investment scheme. The regulator explained that the defendants falsely claimed that Coindeal “would generate investment returns of more than 500,000 times...
NFT Marketplace SuperRare Cuts Staff by 30%
7.1.2023
CEO John Crain said the company overhired during the market upswing and could not sustain its growth in recent months
NFT Collective PROOF Signs with United Talent Agency
7.1.2023
The company behind the popular NFT project Moonbirds hopes to expand its partnerships and grow its brand beyond a Web3-native audience
IRS Official: Crypto Is Here to Stay and ‘Becoming More Legitimate’
7.1.2023
A top Internal Revenue Service (IRS) official says, “Cryptocurrency is here to stay,” and “it’s becoming more legitimate.” The official added that the U.S. tax authority is looking to partner with crypto companies, noting: “I don’t see how we can operate...
Chinese Researchers Claim Success in Breaking RSA Encryption With Quantum Computer, Experts Debate Veracity of Discovery
7.1.2023
According to reports circulating on the web, 24 Chinese researchers have reportedly succeeded in breaking RSA encryption using a quantum computer. This would be a significant achievement, as RSA encryption is widely used in current security practices. However, a number of experts, computer...
Two More Promoters of Forcount Crypto Ponzi Scheme Arrested, Charged With Fraud
6.1.2023
Two additional promoters of the Forcount Ponzi scheme – a Brazil-based crypto scam that defrauded Spanish-speaking investors around the world of a collective $8.4 million – have been arrested and charged with fraud for their role in the alleged grift
Crypto Markets Today: Huobi Tensions Sink Tron Token Price
6.1.2023
ALSO: Bitcoin and ether traded up. Equities also rose after a strong U.S. jobs report
Polygon Paid Top Solana Projects Y00ts and DeGods $3M to Migrate Chains
6.1.2023
DeLabs, the company behind the NFT projects, received a "$3M non-equity grant" from the layer 2 chain to fund its expansion
Report: Confirmation of Silvergate’s $8 Billion Deposit Plunge Sees Stock Price Drop by More Than 40%
6.1.2023
The price of the crypto-focused bank Silvergate Capital’s shares fell by over 40% after it reported a more than $8 billion drop in customer deposits. The share price plunge came just days after U.S. prosecutors reportedly seized collapsed crypto exchange FTX’s accounts held at the bank....
This Tech Allows Users To Smell Movies, Video Games, And Anime
6.1.2023
It’s official: the ability to smell shows and movies is finally here. Read more
Crypto Bank Juno Chooses Zero Hash to Be New Custodian
6.1.2023
The company's former custodian, Wyre, is scaling back its services
Macroeconomic data points toward intensifying pain for crypto investors in 2023
6.1.2023
Chances of a crypto bull market in 2023 decrease as the Fed maintains a hawkish stance and threats of a recession in the U.S. economy continue to appear
Bitcoin Retakes $17K as Interest Rates Plunge Following Economic Reports
6.1.2023
Friday morning's reports on job and wage growth and the service industry gave hope that the Fed may further slow the pace of monetary tightening
Crypto Experts Predict the Price of These New Altcoins to Explode 10x in 2023
6.1.2023
In 2022, the cryptocurrency market underwent a massive transformation with leading companies like FTX and Luna collapsing. This new reality has sparked numerous debates about transparency and control in this rapidly expanding industry. How will nations across the globe regulate these currencies?...
FTX's US Leadership, Bahamas Liquidators Say They've 'Resolved' Most of Their Issues
6.1.2023
FTX's U.S. leadership and the company's Bahamas wing's court-appointed liquidators have formed a cooperation agreement addressing how assets may be inventoried and disposed of, among other issues, a press release Friday said
The Niche Application of Stablecoins Is Not a Bad Thing
6.1.2023
By definition, stablecoins are tethered to the real economy. But whatever links they have should be minimized, until their applications are fully proven, says Dan Kuhn
Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine
6.1.2023
The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed...