Staples Center Los Angeles will be renamed Crypto.com Arena
After a deal with its owner AEG, the Staples Center will be known as Crypto.com Arena from December. Go to Source Powered by WPeMatico
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Crypto investments a financial backup for Facebook whistleblower
Frances Haugen also received financial help from nonprofit organizations backed by Pierre Omidyar, a co-founder of eBay. Go to Source Powered by WPeMatico
China to ‘maintain a high-pressure situation’ on crypto, official says
An official at the People’s Bank of China saidthat the public should increase their risk awareness and stay away from crypto investments. Go to Source Powered by WPeMatico
American investors inclined to buy crypto with credit card, new study reveals
Out of the 1,000 respondents, 21% plan to take on consumer debt for buying cryptocurrency while more than 20% have decided to use either their bank savings or refinancing homes. Go to Source Powered by WPeMatico
Australian regulator issues warning about unlicensed crypto businesses
Based on the reports from Aussie investors, ASIC said that citizens have suffered significant losses due to “excessive leverage, platform outages, or unfair liquidations.” Go to Source Powered by WPeMatico
Rothschild’s trust led funding round for Aspen Digital’s London expansion
Aspen Digital aims for the Europe, Asia and Middle Eastern markets, leading the initiative by establishing headquarters in London and Singapore. Go to Source Powered by WPeMatico
Coinbase Ventures backs Ethereum-based streaming network
Livepeer’s $20 million Series B funding round saw participation from large VCs, including Coinbase Ventures, Coinfund, Northzone, 6th Man Ventures and Animal Ventures. Go to Source Powered by WPeMatico
Large VCs are sidelining smaller crypto investors, PwC crypto lead says
Inflated valuations for crypto businesses have raised the bar for small investors to participate in the ongoing innovation. Go to Source Powered by WPeMatico
Nigerian Regulator Issues ‘Extreme Caution’ Crypto Investments Warning
Nigeria’s Economic and Financial Crimes Commission (EFCC) has become the latest body to warn of risks associated with cryptocurrency investments. In a public warning, the law enforcement agency argues that investing in cryptos “is a high-risk activity as the terrain is largely unregulated and prone to fraud.” Proliferation of Scams According to a report that … Read more
Crypto Hedge Funds Defraud $100 Million From Investors, Founder Faces 20 Years in Prison
The founder of two cryptocurrency hedge funds has been charged in U.S. federal court for securities fraud. He has pleaded guilty and is facing up to 20 years in prison. His two funds cumulatively had over $100 million in investments. The U.S. Department of Justice (DOJ) announced Thursday that Stefan He Qin, a 24-year-old Australian … Read more
