Abnormal token price movements on Binance not hack-related, confirms CZ

Crypto exchange Binance began investigating suspicious behavior on its platform after noticing abnormal price movements for certain trading pairs involving Sun Token (SUN), Ardor (ARDR), Osmosis (OSMO), FUNToken (FUN) and Golem (GLM) tokens. Nearly 40 minutes into the investigation, Binance CEO Changpeng ‘CZ’ Zhao revealed that the price movements “appears to be just market behavior.” …

What is NFT wash trading? Examples of how it works

Dec 2022, CoinGecko and Footprint Analytics Joint Report There is an underlying assumption that the entire NFT market is fraudulent and only consists of wash traders. Unfortunately, we often see media headlines pushing this narrative. After all, why would people spend millions of dollars on a JPEG? Wash trading is a trader buying and selling …

Another Member of Russian Crypto Pyramid Finiko Arrested in UAE

Law enforcement authorities in the United Arab Emirates have detained a top Finiko representative, sought for his role in the crypto Ponzi scheme which defrauded thousands of investors around the world. This is the second arrest in the Gulf state of a high-ranking member of the pyramid announced in the past month. Finiko Fraudster Caught …

Astar Network CEO: Webassembly Smart Contracts Are Going to ‘Pull a Lot of Talent From Web2 to Web3’

Ethereum is almost universally credited for kickstarting the Web3 revolution after it brought to life the concept of smart contracts. However, some in the Web3 community, like Astar Network’s Sota Watanabe, believe the protocol cannot “build the innovative future of blockchain alone.” In addition, some critics point to the language obstacle which they argue makes …

Full Ban on Crypto in Russia Would Be Counterproductive, Rosfinmonitoring Says

Russian citizens and businesses already own cryptocurrencies, which is why a complete crypto ban would be counterproductive, according to a top executive of Rosfinmonitoring, Russia’s financial intelligence agency. At the same time, the regulator supports prohibiting payments with digital coins and their advertising. Rosfinmonitoring Backs Government’s Strategy to Strictly Regulate Cryptocurrencies in Russia The Federal …

Billionaire Arthur Hayes Analyzes State of Crypto Markets, Says Several Major Players Have No More Bitcoin To Sell

BitMEX founder Arthur Hayes is looking at the possibility that Bitcoin may have already printed a bear market bottom, saying that three key players have likely run out of BTC to sell. In a new blog post, the crypto veteran identifies three investor groups that were forced to part with their Bitcoin troves this year …

FTT investors’ claims to be investigated for securities laws violations

To help out the recently duped investors of FTX Tokens (FTT), shareholder rights litigation firm — Schall Law Firm — has taken up the task of investigating the investors’ claims against FTX for violations of the securities laws. It is estimated that over one million people have lost their life savings owing to the financial …

Sam Bankman-Fried’s parents no longer on the Stanford Law School roster

The domino effect of FTX CEO Sam Bankman-Fried’s actions came full circle as his reputation began impacting the professional lives of his parents — Stanford Law professors Joseph Bankman and Barbara Fried.  SBF’s father, Bankman, had to cancel his winter session course on tax policy, which according to The Standford Daily, was at a time …

Judge Dismisses Crypto Lawsuit Against Kim Kardashian

A class action lawsuit against Kim Kardashian and Floyd Mayweather Jr. over their promotion of crypto token ethereummax has been dismissed. The judge stated that the law “expects investors to act reasonably before basing their bets on the zeitgeist of the moment.” Crypto Lawsuit Against Kim Kardashian Dismissed A federal judge dismissed a proposed class …

Elon Musk: Recession Will Be Greatly Amplified if the Fed Raises Rates Next Week

Billionaire Elon Musk, the CEO of Tesla and Spacex, has warned that the recession will be “greatly amplified” if the Federal Reserve raises interest rates again next week. He added that things will “probably start looking better” in the second quarter of 2024. Tesla CEO Elon Musk on Recession and Fed’s Rate Hikes Tesla CEO …

Robert Kiyosaki Expects Bitcoin Investors to Get Richer When Fed Pivots, Prints Trillions of Dollars

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that bitcoin investors will get richer when the Federal Reserve, the Treasury, and Wall Street pivot and trillions of dollars are printed. Robert Kiyosaki Predicts Bitcoin Investors Will Get Richer The author of Rich Dad Poor Dad, Robert Kiyosaki, has predicted …

Survey Reveals Turkey is Highly Obsessed With Crypto, Especially Dogecoin

The entire crypto industry has been experiencing a winter since the last quarter of 2021. Some cryptocurrency prices experienced a massive price slump, with many declining over 65%. However bad things may look, crypto may not go extinct as its popularity has not reduced. A recent study by CryptoManiaks, a crypto education platform, shows that …

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