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A joint research effort by Korean regulators — the Financial Supervisory Service (FSS) and Korea Financial Intelligence Unit (FIU) — has revealed that seven out of 10 cryptocurrency exchanges in South Korea failed to fully return investors’ money after ceasing operations. “And even if they did, just one or two employees were tasked with giving … Read more
New York Attorney General Letitia James has sued Novatechfx, AWS Mining, and their founders for orchestrating crypto pyramid schemes that defrauded over 11,000 New Yorkers out of more than a billion dollars in cryptocurrency. These companies targeted vulnerable immigrant communities, particularly Haitians, with false promises of high returns. NYAG Letitia James Takes Action Against Crypto … Read more
BlockDAG’s Presale Drives $3M Overnight Surge, Surpassing $46.4M Amid QNT’s Dip and ApeCoin’s Rise BlockDAG’s dashboard burst into life as its presale soared by $3 million overnight, pushing the total to $46.4 million. This spike in activity, fueled by the launch of the advanced X1 mining app, places BlockDAG at the pinnacle of crypto innovations, … Read more
Neil Leon De Waal, a key figure in the GS Partners metaverse fraud case, was reportedly arrested by South African law enforcement in late May. He was subsequently released on bail on June 3. Authorities began investigating De Waal following a complaint from one of his victims. The complainant, who lives in Benoni, had to … Read more
Insiders, who spoke to Bloomberg, say a breakup of the company, a sale, or the decision to maintain its current structure are all on the table. Go to Source
Ethereum co-founder Vitalik Buterin has expressed his dissatisfaction with the current wave of celebrity crypto projects, emphasizing their lack of meaningful societal contributions. He highlighted projects like Stoner Cats, which actually fund real initiatives, as more commendable. Buterin also detailed the criteria that celebrity crypto projects must meet to gain his respect. Vitalik Buterin Critiques … Read more
Bill Hughes, Consensys’ senior counsel and director of global regulatory matters, spoke to Cointelegraph at Consensus 2024 in Texas on the status of its lawsuit against the SEC. Go to Source
BlockDAG Ranks #1 on CoinSniper as Presale Grows to $45.7M; Ethereum Trading Volume Surges & LINK Price Forecast Shows Optimism Ethereum’s trading volume surged recently, reflecting the broader strength of the market’s trading volume. Meanwhile, the Chainlink price forecast remains optimistic amid Chainlink’s integration with Circle and expansion into Brazil. On the other hand, BlockDAG … Read more
This week’s Crypto Biz explores ARK Invest’s partnership with 21Shares, Galaxy Digital’s tokenized loan for Animoca Brands, Avail’s fundraising, the Toposware acquisition, and Bitcoin miners’ first reports since the halving. Go to Source
The meme trader revealed that he was down $235 million and held call options on 12 million GameStop shares in his YouTube livestream, dated June 7. Go to Source