Tribe Capital Eyes Investment in FTX Exchange’s Revival Plan
FTX Exchange’s Revival Plan Attracts Potential Bid from Tribe Capital – Will Sam Bankman-Fried Be Involved? FTX Exchange, one of the world’s leading cryptocurrency exchanges, has been in the headlines recently due to a potential bid from venture capital firm Tribe Capital. According to reports, Tribe Capital is considering investing in FTX Exchange’s revival […]
FTX Co-Founder Gary Wang’s Cooperation with Prosecutors Sparks Speculation in Cryptocurrency Community
Gary Wang, co-founder of the cryptocurrency exchange FTX, has reportedly been cooperating with prosecutors in an undisclosed legal case. Details about the case are scarce, but sources familiar with the matter have indicated that Wang’s cooperation may be related to an investigation into potential financial crimes, including money laundering and fraud. The case […]
Craig Wright Threatens Legal Action Against Apple Over Hosting of Bitcoin White Paper
Self-proclaimed Bitcoin creator Craig Wright has hinted at a possible legal battle against Apple over the company’s hosting of the Bitcoin white paper on its App Store. In a recent tweet, Wright accused Apple of infringing on his copyright by hosting the Bitcoin white paper without his permission. He claimed that he is the […]
Bitcoin Shorts Liquidated as Cryptocurrency Surges Above $30K
Bitcoin’s recent surge above $30,000 has led to the obliteration of short positions held by traders, according to market data. The cryptocurrency, which had been trading in a range between $30,000 and $40,000 for several weeks, broke out of that range on Monday, soaring past the $30,000 mark and reaching a high of $33,000 […]
Bank of America Report Indicates Growing Confidence in Bitcoin’s Long-Term Prospects
Bank of America has released a report stating that support for Bitcoin’s rally is increasing as personal wallet hoarding also rises. According to the report, the number of active Bitcoin wallets has been steadily increasing since the start of the year, with a notable surge in the first quarter of 2023. This surge coincides […]
Beijing-Based Bitmain Fined $21 Million for Tax Evasion, Pledges to Rectify Situation
Beijing-based Bitcoin mining company Bitmain is facing fines after allegedly breaching tax regulations, according to local authorities. The Beijing Municipal Bureau of Local Taxation announced on Monday that it had fined Bitmain 137.4 million yuan ($21 million) for unpaid taxes and fines related to value-added tax and corporate income tax. The investigation found […]
Crypto Exchange Accused of Facilitating U.S. Derivatives Trading Ban Violations
A major crypto exchange is facing accusations of allowing U.S. firms to trade derivatives on its platform, circumventing a ban on such activities by the U.S. Commodity Futures Trading Commission (CFTC). The allegations have raised concerns about the integrity of the crypto industry and the effectiveness of regulatory oversight. The exchange in question had […]
Workers of Suspected Brazilian Crypto Scam Firm Apprehended Trying to Flee with Company Assets
Authorities in Brazil have detained several workers from a suspected crypto scam firm after they were caught on CCTV cameras attempting to remove items from the company’s headquarters. The firm, which had been under investigation for fraud and money laundering, had suddenly closed its doors, leaving investors with losses totaling millions of dollars. The […]
Tech Giants Struggle to Bring Metaverse to Life Amid Complex Challenges and Ethical Implications
The concept of the metaverse, a virtual world that combines elements of gaming, social media, and other digital experiences, has captured the imagination of many in the tech industry and beyond. However, turning this vision into a reality has proven to be a daunting task for even the biggest tech giants. Companies such as […]
Hong Kong Emerges as Crypto Haven Amid U.S. Regulatory Crackdown
Hong Kong’s ambitions to become a major player in the digital asset market have received a significant boost from the recent crypto crackdown in the United States. The regulatory uncertainty in the U.S. has prompted many crypto companies to look to other jurisdictions, and Hong Kong has emerged as an attractive destination due to its […]
