The Terra Luna Classic price has fallen to $0.00016791, with its 4.5% drop today following the news that the SEC is charging Terraform Labs and CEO Do Kwon “with orchestrating a multi-billion dollar crypto asset securities fraud.” LUNC remains up by 4.5% in the past week, but is down by 4% in the last month, … Read more
The early lump sum payment they picked is set to be paid out in September. The option to wait until all Mt. Gox litigations settle could net higher payouts but may take another five to nine years, sources said. However, they are still considering waiting for a potentially larger payout. The two creditors, Mizuho Bank … Read more
As long as crypto platforms and lenders stay unregistered as exchanges or banks, they would not qualify as custodians under the latest SEC limits proposed for registered investment advisors. The U.S. Securities and Exchange Commission (SEC) proposed a rule that would effectively require registered investment advisors (RIA) to store digital assets with third-party custodians, rather … Read more
WithSecure researchers have exposed a network of fraudulent YouTube videos, channels and associated web applications that are manipulating users into joining dodgy cryptocurrency investment schemes. Some of these videos have millions of views, and many users have been scammed out of their money. The fraudulent operation is promoting a USDT cryptocurrency investment scheme. USDT, which … Read more
Stocks ended Monday lower following a lackluster rally last week. Investors may have jitters ahead of this week’s big Federal Reserve meeting, a deluge of earnings from top tech firms and the jobs report on Friday. The stock market had a rough day on Wednesday, with the Dow Jones Industrial Average falling more than 260 … Read more
The FBI on Monday evening released a report blaming North Korean government-linked hackers for stealing $100 million in cryptocurrency last June from a California-based firm. This month, North Korean operatives laundered over $60 million of the money stolen in the June hack, according to the FBI statement. The bureau said “a portion” of the $60 … Read more
The Securities and Exchange Commission has reached a $30 million settlement with the cryptocurrency platform Kraken that will require it to unwind a program offering investment returns to US users who committed their digital assets to the company. Kraken’s “staking” program was shut down by the SEC after they alleged that the company had not … Read more
Sam Bankman-Fried, the founder of the now-defunct cryptocurrency firm FTX, had his restrictions extended by a federal judge on Tuesday. The restrictions were put in place in order to prevent Bankman-Fried from contacting any former employees of FTX, as the government fears he may attempt to delete text messages or obstruct the investigation in some … Read more
Geoff Morrell, a former Pentagon spokesperson and current head of public relations at BP, is a hero I never knew I needed. After reading about his work in the public relations field, I understand the temptation to go to the “dark side.” Morrell has shown that it is possible to be an effective spokesperson for … Read more
President Joe Biden is set to deliver his annual State of the Union Address at 9 p.m. ET on Tuesday, January 20th in front of a newly fragmented Congress and to Americans confused by positive economic signs, a dismal earnings season and ongoing recession predictions. The markets are on the edge of their seats awaiting … Read more
