Crypto lender Nexo Capital has agreed to pay $45 million in penalties to the U.S. Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) for failing to register the offer and sale of its Earn Interest Product (EIP). The news was announced by the SEC and NASAA in two separate statements
Month: January 2023
Three men drove their car into the metal barricade outside Sam Bankman-Fried’s parent’s home where he is under house arrest, SBF’s lawyers claim. In a filing to the federal court, the lawyers for the former FTX CEO said the three men got out of the car after hitting the barricade and told a security guard
Crypto exchange OKX disclosed $7.5 billion in reserves of Bitcoin (BTC), Ether (ETH) and Tether (USDT) as part of its monthly proof-of-reserves (PoR) report. Based on data from blockchain analytics firm CryptoQuant, OKX claims to have the “largest clean asset reserves among major exchanges.” OKX claims to maintain 1:1 reserves, which would mean means the
If the foreign exchange market starts using decentralized finance (DeFi) protocols instead of the current centralized systems, the cost of remittances could be reduced by “as much as 80%,” according to a Jan. 19 paper jointly published by researchers at Circle and Uniswap. On-chain foreign exchange (FX) is a new model of global value exchange
A former FTX chief lawyer has accused the company’s US general counsel of channeling business to Sullivan & Cromwell (S&C) — the firm currently serving FTX as bankruptcy counsel. Daniel Friedberg, who was the chief regulatory officer of FTX until he resigned on Nov. 8, made the allegations as part of a Jan 19. court
NYU Professor Nouriel Roubini, aka Dr. Doom, has warned that “99.99% of crypto is a scam, a criminal activity, a total real-bubble Ponzi scheme that is going bust.” He advised investors to “absolutely stay away” from crypto, claiming that most people in the crypto space are “all crooks.” Dr. Doom Warns Nearly 100% of Crypto
Amazon Great Republic Day 2023 sale has entered its fifth day in India and the ongoing sale brings offers and discounts for products across different categories including mobile phones, accessories, laptops, wearables, kitchen products, TVs and other electronic appliances. The five-day sale started a day early on January 14 for Prime members and will go on
The total crypto market capitalization soared by 29.4% in two weeks, although Bitcoin’s (BTC) price stabilized near $21,000 on Jan. 19. As a result, it became increasingly difficult to justify that the 5-month-long bearish trend still prevails after the $930 billion total crypto channel top has been breached. Still, the psychological $1 trillion resistance remains
Our weekly roundup of news from East Asia curates the industry’s most important developments. Samsung’s new Bitcoin ETF On Jan. 13, Samsung Asset Management, a wholly-owned subsidiary of the namesake South Korean conglomerate, successfully listed the Samsung Bitcoin Futures Active ETF on the Hong Kong Stock Exchange. According to local news outlet Edaily, the ETF
Chinese games publisher NetEase said on Wednesday it has rejected a proposal from Activision Blizzard to extend their long-time partnership for six months, as the US game developer looks for a new partner. NetEase said the proposal was “commercially illogical” and accused the US firm of “seeking a divorce but still remaining attached,” in a
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Anna Moneymaker | Getty Images Google executives are deferring a portion of employees’ year-end bonus
Oppo will reportedly expand its Reno 8 series with a new smartphone Oppo Reno 8T. The phone is speculated to be launching soon in India. While the handset has been a subject of multiple leaks and rumours for some time now, a tipster has shared a detailed spec sheet for the Oppo Reno 8T, revealing
A neon Twitter bird for $35,000 (roughly Rs. 2,848,000), anyone? How about a used industrial kitchen mixer for a good price? Going once …. When Elon Musk wants to make a point, it can be pretty blunt. On the day he took over Twitter last fall, he walked in to the San Francisco company’s headquarters
Jan 19, 2023Ravie LakshmananCloud Security / Data Security A new critical remote code execution (RCE) flaw discovered impacting multiple services related to Microsoft Azure could be exploited by a malicious actor to completely take control of a targeted application. “The vulnerability is achieved through CSRF (cross-site request forgery) on the ubiquitous SCM service Kudu,” Ermetic
Ripple CEO Brad Garlinghouse commented on the legal battle with the U.S. Securities and Exchange Commission (SEC) during the World Economic Forum in Davos on Wednesday, again hinting at how important the Hinman documents could become to the case. As Bitcoinist reported, speculation about the relevance of the documents has been ongoing for quite some
Bitcoin (BTC) miner CleanSpark is expanding operations in the state of Georgia, adding to its mining capacity despite the ongoing bear market. Groundbreaking on a new 50-megawatt Bitcoin mining facility in Washington, Georgia, is underway, with expected completion in late spring, CleanSpark disclosed on Jan. 19. The nearly $16 million expansion is expected to increase
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