The New York Attorney General’s Office (NYAG) recently escalated its fraud claims against Digital Currency Group (DCG) and affiliated parties. The lawsuit, originally alleging over $1 billion in losses, has been amended to include an additional $2 billion in losses, bringing the total to $3 billion. Allegedly, more than 230,000 investors have been affected by
In a recent development, a former official from the Securities and Exchange Commission (SEC), John Reed Stark, has criticized the NBA’s decision to approve a partnership between cryptocurrency exchange Voyager Digital and the Dallas Mavericks. Stark argues that the NBA should be held accountable for any misconduct related to cryptocurrencies by NBA teams. This allegation
In a joint effort, Hong Kong’s Securities and Futures Commission (SFC) and local law enforcement have issued a public warning against an entity masquerading as a legitimate crypto exchange called MEXC Global. The scammers are exploiting unsuspecting victims by posing as a virtual asset trading platform (VATP) and enticing them into what appears to be
Treasury Secretary Janet Yellen has voiced her concern over the need for stricter regulatory measures for cryptocurrencies and artificial intelligence (AI) in the financial sector. In her recent testimony before the Senate Banking, Housing, and Urban Affairs Committee, Yellen emphasized the increasing complexity and potential risks associated with digital assets and the growing reliance on
As Bitcoin closes in on the $48,000 mark and ignites a widespread rally in the cryptocurrency market, investors seeking higher risk have begun exploring the markets of smaller-cap altcoins in search of the best crypto to buy today. While Bitcoin continues its upward trajectory, other cryptocurrencies have also shown promise. In this article, we will
Hong Kong’s Securities and Futures Commission (SFC) recently issued a warning to the public about an allegedly fraudulent crypto exchange. The organization, operating under the name MEXC, posed as a legitimate crypto exchange and targeted victims through social media and instant messaging chat groups. This article critically examines the details of this warning and highlights
The National Fraud Intelligence Bureau (NFIB) in the UK has announced that they have successfully blocked 43 potential crypto phishing websites. These websites were identified as engaging in fraudulent activities, with bad actors impersonating popular blockchain-based firms. This article delves into the details of the NFIB’s findings and sheds light on the broader issue of
The recent success of the Dymension Network’s native token, DYM, has sparked interest among investors and crypto enthusiasts alike. However, with the emergence of meme coins like Meme Kombat, it is crucial to analyze the current price trends and evaluate the potential investment opportunities they present. Despite technical difficulties and the shaky launch of the
The crypto market has witnessed a remarkable increase in the total assets under custodial accounts, soaring by a staggering 250% in the past four months. This surge can be largely attributed to the significant hype surrounding the spot Bitcoin exchange-traded fund (ETF), as revealed in a recent report by Bitget shared with CryptoSlate. However, there
Cardano (ADA) has recently gained momentum, attempting a fresh increase from the $0.4720 zone. With a close above the $0.5350 resistance, ADA could potentially start a strong rally. In this article, we will analyze the current market situation for Cardano and discuss the potential upside for the cryptocurrency. Cardano’s price is currently moving higher above