South Korean prosecutors are pushing for an eight-year sentence for Lee Jung-hoon, the former chairman of crypto exchange platform Bithumb, for an alleged $70 million fraud. According to a report by the local media outlet Yonhap, prosecutors alleged that Lee had defrauded Kim Byung Gun, the chairman of Singapore-based BK Group, in a failed attempt...Read More
Venture capital giant Andreessen Horowitz, also known as a16z, has been affected by the ongoing crypto winter, with the company’s flagship cryptocurrency fund losing nearly half of its value in the first six months of 2022. The declining performance is a massive difference from the gains experienced last year when the company’s investments grew over...Read More
China was emerging as the epicenter of the crypto industry. Within a decade, the country witnessed the spawning of giant exchanges like Binance Holdings Ltd. as well as the biggest Bitcoin mining firms. However, Beijing’s move to ban crypto trading and mining last year seemed poised to douse the entire domestic industry. Hong Kong, on...Read More
To make the best investments, investors must run counter to the general market sentiment and the prevailing thesis amongst the majority. An easy litmus test is max pain; the price which causes the most significant financial losses. Max pain is no longer down; it is up. Investors are waiting on the sidelines for lower prices,...Read More
Bitcoin reached past $21,000 on Wednesday for the first time since mid-September, following a lower-than-expected rate hike at the Bank of Canada. Economists say the move may signal a reversal from the central bank’s tight monetary policy stance. The Effect of Rate Hikes Canada’s central bank, which announced a 50 basis point increase to its...Read More
As per the data compiled from Morningstar Direct for FT, the Bitcoin Strategy fund (BITO) launched in October 2021 by ProShares lost money on an “unprecedented scale.” The ETF has attracted consistent inflows throughout the past year, with only two withdrawals. However, data suggested net inflows of $1.8 billion in its debut year, while its...Read More
[PRESS RELEASE – Please Read Disclaimer] United Kingdom, October 20, 2022 — CryptoKG, a next-generation crypto exchange platform, aims to bring a wide range of tools to users at every level of experience in the crypto space, allowing them to buy, sell and exchange their crypto coins safely and efficiently. With UK registration and EU...Read More
[PRESS RELEASE – Please Read Disclaimer] SPACE KILL, the first multiplayer real-time matching party game on the BSC chain, announced the completion of the seed round of financing. More than 10 institutions including UpHonest Capital, Welight Capital, ARPA, TKX Capital, Nihil Ventures, Spike Solution participated in the investment. Additionally, this is the first fund of...Read More
Gaming and metaverse DAO giant Merit Circle voted to burn all remaining tokens left in the Community Incentives wallet as a way to reduce the total supply. The project has been carrying out monthly token burns but decided in favor of bulk destruction. A proposal to burn 200 million MC tokens saw an overwhelming number...Read More
A phishing scammer who goes by the name – Monkey Drainer – has reportedly stolen 700 ETH worth over $1 million, as per on-chain sleuth ‘ZachXBT.’ The two largest victims – 0x02a and 0x626 – collectively lost $370k after signing transactions on malicious phishing sites operated by the perpetrator. One of the victims, 0x02a, reportedly...Read More
[PRESS RELEASE – Tampa, FL, Florida, 30th August 2022] The largest metaverse builder community SandStorm has launched its self-serve build proposals, making it easier for brands to hire on-demand builders. SandStorm is a builder marketplace that currently spans 5 virtual worlds and eventually plans to expand across the entire open metaverse. Through direct partnerships with...Read More
The end of 2022 is seeing some stellar projects launch their presales. Despite the year being a tough one for the market, investors seem to be showing a great deal of interest in projects that are building ecosystems with genuine value. The P2E game is a prime example of this. This niche has been steadily...Read More
We recently extended the crypto conversion options available on BitMEX – giving users the ability to convert USD Coin (ERC-20) into all of the coins and tokens we support – and vice versa. Starting tomorrow, we will add support for three additional cryptocurrencies – BNB, AVAX, and NEAR, with more planned in the coming weeks....Read More
A ray of light for the crypto industry has emerged amidst all the recent economic and political turmoil in the United Kingdom. Parliament convened on Oct. 25 to discuss a proposed Financial Services and Markets Bill for economic recovery following the country’s exit from the European Union. Several amendments to the bill were proposed, including...Read More
Hashed CEO and an early backer of the ill-fated LUNC token, Kim Seo-joon, failed to appear before a South Korean congressional inquiry into the crash. He cited “mental conditions” as the reason for his absence from South Korea’s National Assembly’s Political Affairs Committee, which he supposedly developed since the spectacular $40 billion wipeout in May...Read More
