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Co-Founder of OneCoin Pyramid Scheme Pleads Guilty; ‘CryptoQueen’ Still Wanted.
One of the founders behind OneCoin pleaded guilty to federal U.S. charges on Friday after one of the largest financial scams of all time, according to the Department of Justice. The purported cryptocurrency project was fraudulent from its 2014 beginnings, prosecutors said, with OneCoin – co-founded by Karl Greenwood – setting up a pyramid scheme to market it to millions of people, generating as much as $4 billion in revenue. origin »
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Cardano Founder Is Done with XRP.
The Cardano founder says that he will not answer any questions related to the XRP cryptocurrency or Ripple origin »
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Bitcoin Whales Double Down On Gigantic BTC Buys Despite Macro Headwinds.
However, despite the continued drop in crypto prices, the number of Bitcoin investors stacking BTC recently has been rising, based on data by Glassnode. origin »|
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Auditing firm BDO could follow Mazars in abandoning crypto clients.
BDO could become the latest auditing firm to halt or limit services to crypto companies, based on reports from the Wall Street Journal on December 16. The post Auditing firm BDO could follow Mazars in abandoning crypto clients appeared first on CryptoSlate. origin »
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Why Stellar [XLM] chose USDC to power its new aid initiative?.
Stellar Development Foundation announced its partnership with UNHCR to help refugees in Ukraine. The decision to go with USDC might be due to USDT's recent woes. On 15 December, the SteThe post Why Stellar [XLM] chose USDC to power its new aid initiative? appeared first on AMBCrypto. origin »
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BNB slides as Binance’s auditor stops working with crypto firms.
Mazars, a consultancy service provider behind Binance’s PoR, stopped working with crypto clients. BNB reacted with a drop of almost 7%. At press time, Binance Coin (BNB), a native token of Binance, slid 6.7% and is traded at roughly $251.… origin »
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XCN, TWT, FLOW, DOGE, FIL Are The Worst Performing Assets In The Crypto Market.
A look at five altcoins that decreased the most from the crypto market during the previous week. The post XCN, TWT, FLOW, DOGE, FIL Are The Worst Performing Assets In The Crypto Market appeared first on BeInCrypto. origin »
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Binance’s proof of reserves auditor pulls report, what does it mean?.
Key Takeaways Mazar’s, the accounting firm who worked with Binance on the proof of reserves report, has pulled the link from its website It has also paused all crypto work indefinitely Controversy followed the report, with critics decrying its lack of information on the liability side Mazar’s had previously stated that this was a “report” […] The post Binance’s proof of reserves auditor pulls report, what does it mean? appeared first on CoinJournal. origin »
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Binance will not refund Mithril 200,000 BNB after delisting.
Binance CEO CZ defends the decision made by the Binance team to delist Mithril from the exchange and confirms that the exchange will not refund the 200,000 BNB deposited. Delisting Mithril The Binance team recently delisted Mithril (MITH), a decentralized… origin »
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8 Best Cryptos To Buy Right Now: Top Picks For December 2022.
With a bull market on the horizon, today’s prices represent the perfect opportunity to buy at a substantial discount and ride the next wave of crypto investment. But with over 12,000 cryptocurrencies on the market, where do you start? This article highlights eight of the best cryptos to buy right now that have excellent potential … Continued The post 8 Best Cryptos To Buy Right Now: Top Picks For December 2022 appeared first on BeInCrypto. origin »
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SOL Plummets 10% Following $2 Million Exploit on Solana-Based DEX.
SOL token lost 9.5% Friday to trade at $12.82 - according to CoinMarketCap - after Solana-based decentralized exchange Raydium was compromised for $2.2 million. origin »|
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Web2 gaming heavyweights increasingly making inroads into Web3.
The creators of the blockbuster mobile RPG Legendary: Game of Heroes, has revealed that it’s developing a play-to-own RPG dubbed Legendary: Heroes Unchained, on the blockchain. origin »
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ETH, ADA, XRP Suffer Losses as 24-Hour Market Liquidations Rise Above $110 Million.
About $112 million in overleveraged positions have been blown out across whole market origin »
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Solana showing signs of life even as TVL and SOL's price decline massively.
Solana was on track to bring some developments to its network. SOL's TVL and price suffered a decline while NFT trades ran smoothly. Solana [SOL] has been locked in FUD for a long time, affeThe post Solana showing signs of life even as TVL and SOL's price decline massively appeared first on AMBCrypto. origin »
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Why Did CHZ Price Underperform During The FIFA World Cup?.
The Chiliz price is trading above crucial support at $0.135. It might have completed an A-B-C correction. The post Why Did CHZ Price Underperform During The FIFA World Cup? appeared first on BeInCrypto. origin »
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Is Ongoing XRP Price Drop a Sign of Things to Come?.
The long-term XRP price structure is still intact despite a short-term breakdown.
The post Is Ongoing XRP Price Drop a Sign of Things to Come? appeared first on BeInCrypto.
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Japan to Exempt Token Issuers From Corporate Tax on Unrealized Gains.
Project founders will no longer be subject to hefty taxes which forced them abroad from next April onwards. origin »
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3AC’s assets were $2bn less than liabilities in July: report.
The holdings of now-defunct crypto hedge fund Three Arrows Capital (3AC) were worth roughly $1 billion as of July, while its liabilities were over $3 billion, the liquidator paper claims. The liabilities greatly outweigh 3AC’s assets Mid-June saw the collapse… origin »
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New York Regulator Publishes Crypto Guidance For Banks.
The New York state financial regulator has issued its latest guidance on banks' involvement with virtual currencies. The post New York Regulator Publishes Crypto Guidance For Banks appeared first on BeInCrypto. origin »
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Trillions of Shiba Inu Wired Between Anon Wallets as Top Whales Dump Their SHIB.
Anonymous addresses have moved nearly three trillion SHIB; still, this meme coin has fallen out of top 10 holdings list origin »
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SEC Rejects Grayscale ETF as Hong Kong Debuts See Gains.
The Securities and Exchange Commission has reaffirmed its decision to reject Grayscale’s application for a Bitcoin exchange-traded fund (ETF). The post SEC Rejects Grayscale ETF as Hong Kong Debuts See Gains appeared first on BeInCrypto. origin »
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Raydium Exploiter Drains Millions from Liquidity Pools.
Leading Solana decentralized exchange Raydium saw some of its liquidity pools drained of their funds today after an attacker gained special authority over the protocols smart contracts. Raydium Compromised Solana... origin »
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New York financial regulator sets crypto guidelines for banks.
The New York State Department of Financial Services (NYDFS) has laid out details state-regulated financial institutions must submit before gaining approval to engage in cryptocurrency-related operations. origin »
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This XRP Ledger Coin Is up 25% in Week, What's Known About onAVAX (OVX)?.
onAVAX (OVX) soars 25% in week, here's what's known about this XRP Ledger asset origin »
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Op-ed: What happens to Bitcoin if Binance goes down?.
After the spectacular collapse of the United States cryptocurrency exchange FTX, investor confidence in the cryptocurrency ecosystem is very low. The post Op-ed: What happens to Bitcoin if Binance goes down? appeared first on CryptoSlate. origin »
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Yearn Finance: Value continues to drop in the face of rising daily active addresses.
YFI's daily active addresses have rallied in the past few days. Its value, however, continues to decline. YFI, the native token that powers the decentralized finance (DeFi) protocol Yearn FiThe post Yearn Finance: Value continues to drop in the face of rising daily active addresses appeared first on AMBCrypto. origin »
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Australian Open Adds NounsDAO Collaboration Ahead of Second Web3 Activation.
The famed tennis tournament is teaming up with NounsDAO, OnCyber and Vayner Sports Pass ahead of its second Art Ball NFT release. origin »
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NYDFS: Banks must seek approval before engaging with crypto.
New York Department of Financial Services published the new guidelines on 15 December 2022. All banking organisations must apply for permission to undertake any crypto activities. The regulatory guidelines are effective immediately and come as the spotlight is firmly on crypto following FTX’s implosion. origin »
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Chainlink: Staking, integrations fail to offer respite to LINK holders, but....
Chainlink partners with Coinbase Cloud to launch its NFT Floor Price Feeds on Ethereum mainnet. LINK's price continues to plummet. On 15 December, leading oracle network Chainlink [LINK] annThe post Chainlink: Staking, integrations fail to offer respite to LINK holders, but... appeared first on AMBCrypto. origin »
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Decentraland Price Prediction: Metacade Seems to Be a Better Option.
The metaverse looks increasingly poised to become a major player in the tech world in the next few years. As more and more major companies are joining in, it looks like widespread adoption is just on the horizon. origin »
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TrueUSD unveils yuan-backed stablecoin on Tron.
TrueUSD has launched its new stablecoin TCNH, backed by Chinese yuan and issued on the Tron (TRX) network. The move comes days after Tether launched its yuan-pegged token CNHT. TrueUSD, the issuer of the dollar-backed TUSD stablecoin, has announced the… origin »
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Crypto Markets Today: Co-Founder of OneCoin Pyramid Scheme Pleads Guilty; CoinDesk Market Index Drops.
Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets. origin »
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This Week in Crypto: SBF Statements and Arrest, Robinhood in Peril and Kardashian Case Dismissed.
Crypto News: Here are the most popular stories from across the cryptosphere as featured on BeInCrypto this past week. The post This Week in Crypto: SBF Statements and Arrest, Robinhood in Peril and Kardashian Case Dismissed appeared first on BeInCrypto. origin »
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Experts Predict New Project Orbeon Protocol (ORBN) Could Rise By 100x – ETH And AVAX Holders Seemingly Unfulfilled.
Ethereum and Avalanche are some of the most popular blockchain networks known for providing market-leading features. However, bearish conditions have slowed things down, even for big players like ETH and AVAX. origin »
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2023: The Year DAOs Follow the Law?.
Decentralized autonomous organizations should make the necessary handshake with the existing legal system in order to mature and integrate with the rest of the global economy. origin »
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FTX and Crypto Bust Show Capitalism’s Limits.
Investors have been led astray by misleading signals from the market. It enticed them to go "all in" on centralized exchanges rather than focusing on real-world use cases for tokenized value exchange. origin »
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Crypto Exchange Zipmex to Seek Creditor Support for Recovery Process: Source.
The goal is to fully reactivate customer withdrawals once creditors have approved the plan in a vote. origin »
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Going short on SAND? Traders should watch for this possible patterned breakout .
SAND has formed a parallel channel pattern. A bearish breakout could stall SAND at the target of $0.4483. Despite recent partnerships, The Sandbox [SAND], a blockchain gaming platform, has bThe post Going short on SAND? Traders should watch for this possible patterned breakout appeared first on AMBCrypto. origin »
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Basel Committee Endorses Global Crypto Banking Rules to Be Implemented by 2025.
The rules suggested that a banks exposure to certain crypto assets must not exceed 2% and should generally be lower than 1%. origin »
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US Rings Crypto Warning Bell That Regulators Say Only Congress Can Silence.
There are hazardous gaps in how crypto is overseen, according to U. S. Treasury Department officials briefing the Financial Stability Oversight Council (FSOC) – restating a view that’s long been adopted by U. origin »
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The outcome of SBF's prosecution could determine how the IRS treats your FTX losses.
Will your losses to FTX be classified as capital losses or as a “theft loss” that involved a Ponzi scheme? Either way, you’ll probably win. origin »
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2023 Will Be the Year of Dapps – Here's What to Expect.
The greatest areas for decentralized application (dapp) development will be across gaming, identity and the evolution of Web2 apps. origin »
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The Faulty Moral Universe of Sam Bankman-Fried.
His legal-scholar mother, Barbara Fried, believed personal responsibility was an outdated concept. Did those ideas create a monster? origin »
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Crypto exchange Bitvavo says €280m are locked at DCG.
Bitvavo claims that €280 million of its funds are locked at DCG. The organization claims that this will not affect users’ finances. Bitvavo explains DCG’s troubles won’t affect users Amid the crypto drawdowns, including FTX fall, the Dutch cryptocurrency exchange… origin »
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‘Big Short’ Michael Burry says crypto audits are useless.
Michael Blurry, In a recent tweet, stated that audits reports were as good as nothing, which seemed directed on Binance. This development comes amid FUD surrounding Binance's audits. origin »
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Snowfall Protocol (SNW) Shoots at the Moon; Dai (DAI) and ApeCoin (APE) Hitting New Usage Lows.
Coinspeaker Snowfall Protocol (SNW) Shoots at the Moon; Dai (DAI) and ApeCoin (APE) Hitting New Usage Lows At a time when most of the crypto world is receding, including some of the biggest tokens like Dai (DAI) and ApeCoin (APE), the newcomer Snowfall Protocol (SNW) is hitting record highs every week. origin »
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Shorting Uniswap [UNI] in 2023? Well, as per metrics, you might be....
The daily active users on Uniswap declined, along with UNI's NFT transaction volume. The revenue generated by Uniswap also declined, while whales continued to show interest. New data from SaThe post Shorting Uniswap [UNI] in 2023? Well, as per metrics, you might be... appeared first on AMBCrypto. origin »
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SHIB Rival BabyDoge Hits New Milestone, Leaving Shiba Inu Behind.
Another ambitious meme coin community is trying to reduce its supply greatly origin »
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Oryen Network (ORY) Takes Avalanche (AVAX) And Solana (SOL) Holders By Storm; Presale Live.
Crypto investors are always casting their nets deep, and the entry of new projects into the fore elicits excitement in the crypto community. ORY is causing ripples across the industry, and Solana (SOL) and Avalanche (AVAX) holders are not letting this storm pass them and are joining the bandwagon. Oryen (ORY) Currently, in presale 8, […] origin »
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Democrats to reportedly return over $1M of SBF's funding to FTX victims.
Three democratic committees, the DNC, the DSCC and the DCCC, pledged to return SBF’s political donations after the entrepreneur was charged with eight counts of financial crimes. origin »
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