A UK High Court has issued a global freeze order on assets linked to individuals accused in the $4 billion OneCoin fraud case, according to an Aug. 8 statement shared with CryptoSlate. The order targets the assets of OneCoin founder Ruja Ignatova, known as “CryptoQueen,” and co-founder Sebastian Greenwood, who received a 20-year prison sentence …
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The Brazilian securities regulator (CVM), equivalent to the U.S. SEC, has greenlighted the launch of a solana spot ETF for national markets. The product, the first of its kind to be approved, is offered by QR and managed by Vortx. It is already in its pre-trading stages. Brazilian SEC Pioneers Solana Spot ETF Approval Solana …
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On Aug. 8, following the imposition of a $125 million civil penalty on Ripple Labs by a district judge, the firm’s executives and community celebrated the outcome as a “victory.” This led to an uptick in XRP’s trading volume and price. In the 24 hours leading up to the ruling, XRP rose from $0.4933 to …
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The U.S. Federal Reserve Board has found “significant deficiencies” in Customers Bancorp, Inc.’s management of risk and adherence to anti-money laundering (AML) regulations. These issues, particularly troubling for the bank known for its crypto-friendly stance, were detailed in an enforcement action filed on Thursday. Kamala’s Crypto Reset: Still Loading… Please Wait The Federal Reserve’s action …
Avraham “Avi” Eisenberg, who was previously convicted of commodities fraud, commodities manipulation, and wire fraud related to his trading activities on Mango Markets, is pushing for his conviction to be cleared. Eisenberg’s legal team has filed a motion for judgment of acquittal or, alternatively, a new trial, citing several legal and evidentiary flaws in the …
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The team behind Hamster Kombat, the popular TON network-based tap-to-earn game, has announced the development of a gaming ecosystem to create demand for its upcoming token. They declared that this initiative would help differentiate Hamster Kombat from other similar projects and that each game would offer different rewards to participants. Hamster Kombat Develops Gaming Ecosystem …
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A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director of the Commodity Futures Trading Commission’s Division of Enforcement, emphasized that this multibillion-dollar recovery is the largest recovery in CFTC history. FTX and Alameda Ordered …
Yield-bearing stablecoins are gaining traction, with the modular DPoS network Elixir recently introducing a new stablecoin, DEUSD, that offers holders the opportunity to earn returns from the crypto asset. Since Aug. 7, DEUSD’s market value has grown from $952,443 to $115.92 million. Yield-Bearing Stablecoins Continue to Rise In the midst of the rising popularity of …
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Macroeconomist Alex Krüger doesn’t think crypto is destined to wallow in a long bear market. In a new thread, Krüger tells his 179,000 followers on the social media platform X that digital assets are facing three possible historical scenarios after suddenly plunging in price over the weekend. The first scenario occurred in March 2020, when …
A widely followed crypto analyst says that one rival of global payments network Stellar (XLM) is primed to skyrocket against Bitcoin (BTC). In a new strategy session, pseudonymous crypto trader Kaleo tells his 643,500 followers on the social media platform X that XRP, the native token of the XRP Ledger, is on the cusp of …
A deep-pocketed crypto holder who bought troves of Bitcoin (BTC) when the flagship digital asset was still trading for less than $30,000 made its first transaction in over a decade. On-chain data shows that on Wednesday, the previously dormant crypto wallet moved 249.9 Bitcoin worth $13.94 million based on the cryptocurrency’s current price of $55,817. …
The co-founder of software firm MicroStrategy is reportedly disclosing the size of his personal Bitcoin (BTC) stash. According to a new report by Bloomberg, former MicroStrategy CEO and Bitcoin maxi Micheal Saylor says that he owns about $1 billion worth of the top crypto asset by market cap. Though he didn’t disclose the exact amount …
US hedge funds and institutional investors reportedly remain bullish on Bitcoin (BTC) despite a massive selloff in the crypto market this week. According to a new report by Bloomberg, Yevgeniy Feldman, the co-founder of private brokerage firm SwapGlobal, says that blue-chip investors saw an opportunity to buy crypto at lower prices as Bitcoin fell by …
Donald Trump, a name synonymous with political spectacle, has now set his sights on the world of cryptocurrency. We analyzed his recent remarks. At the recent Bitcoin conference in Nashville, the former president made a bold promise: if elected, he would make the U.S. the “crypto capital of the planet” and usher in a “Bitcoin superpower.” The …
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NEAR Protocol has unveiled a technology called Chain Signatures, which allows smart contracts to sign transactions across any blockchain without relying on cross-chain bridges, according to an Aug. 8 statement shared with CryptoSlate. Chain Signatures enables NEAR account holders to interact with nearly any blockchain — including Bitcoin, Ethereum (and any EVM chain), Dogecoin, XRP, …
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