Month: May 2024

Class Action Lawsuit Claims Coinbase Operates as Unregistered Broker

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A new class action lawsuit was initiated against the San Francisco-based cryptocurrency exchange Coinbase on May 3. The legal action claims that Coinbase deliberately sold securities that are unregistered with regulatory authorities. Additionally, the lawsuit charges Coinbase with operating as an unregistered securities broker. Lawsuit Alleges Coinbase Illegally Sold Securities Without Registration According to legal … Read more

BTC Ponzi Scheme Mastermind Suffers Heart Attack, Analyst Eyes $300K BTC Price, and More — Week in Review

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Johann Steynberg, the mastermind behind a South African bitcoin Ponzi scheme, died of a heart attack while under house arrest in Brazil. A technical analyst predicts a significant surge in Bitcoin’s price, suggesting it could reach $300,000 during the upcoming aggressive phase of the bull cycle. The FBI is cautioning the public against using unregistered … Read more

Bitfinex CTO Dismisses Breach Claims as ‘Pure FUD,’ Says No Group Has Asked for Ransom

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Paolo Ardoino, the chief technology officer of Bitfinex, has dismissed claims that Bitfinex has been breached as “pure FUD [fear, uncertainty and doubt].” A report by Shinoji Research suggested that the ransomware group, Fsociety, might have access to every Know Your Customer (KYC) document since Bitfinex’s inception. A security researcher suggested that these claims might … Read more

Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern

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Nigerian authorities are reportedly planning to prohibit financial institutions from facilitating peer-to-peer cryptocurrency transactions. According to a report, Nigeria’s Office of the National Security Adviser has classified cryptocurrency trading as a national security concern. Three fintech startups, known for enabling such transactions, have been directed to block and report peer-to-peer cryptocurrency transactions to law enforcement … Read more

GSR Markets Deposits $6.42 Million Worth Of ARB To Binance Amidst Market Resurgence

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In a significant development within the cryptocurrency space, GSR Markets has deposited a substantial sum of 6 million ARB tokens to Binance, valued at $6.42 million, over the past 8 hours. This influx of tokens has piqued the interest of market observers, prompting speculation about the source and motives behind the deposit. Upon tracing the … Read more

Bitcoin And Ethereum Suffer Massive Outflows, But These Altcoins Continue To Do Well

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Bitcoin (BTC) and Ethereum (ETH) have experienced significant outflows in the past few weeks. However, some altcoins have shown resilience amid the recent market turbulence, and one in particular stands out among crypto enthusiasts and experts. ETFSwap (ETFS), a new blockchain-based project for trading tokenized ETFs, has taken the market by storm in its ongoing … Read more

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