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Class Action Filed Against Fenwick & West, LLP, Former Law Firm of FTX, in Connection with Largest Financial Fraud in U.S. History

A class action complaint has been filed against Fenwick & West, LLP (“Fenwick”), a prominent law firm, in the United States District Court, Northern District of California, San Francisco Division, on August 7, 2023. The complaint alleges Fenwick’s involvement in the FTX disaster, described as “the largest financial fraud in US history.” FTX Disaster Unveiled … Continue reading Class Action Filed Against Fenwick & West, LLP, Former Law Firm of FTX, in Connection with Largest Financial Fraud in U.S. History

Pepe Coin Hits Lowest Price Since Binance Listing

Pepe Coin (PEPE), deriving its theme from the popular Pepe the Frog meme of the early 2000s, registered a decline in its value today, reflecting the broader Bitcoin downturn. The Dynamics in Depth After its Binance debut on May 5, 2023, PEPE surged to its zenith of $0.00000439. This performance was followed by a drop … Continue reading Pepe Coin Hits Lowest Price Since Binance Listing

WeStreet Credit Union Opens Public Access to Cryptocurrency Trading Portal

In a stride towards embracing digital currency, WeStreet Credit Union, based in Tulsa, Oklahoma, has unveiled a Crypto Portal to facilitate the buying, selling, and holding of cryptocurrencies for its members and the general public. Initially launched in August 2023 as a members-only feature, the portal extended its access to the public in October. Cryptocurrencies, … Continue reading WeStreet Credit Union Opens Public Access to Cryptocurrency Trading Portal

Iran Joins BRICS to Reduce Reliance on Western Economic Systems

Iran’s recent accession to the BRICS economic organization, a coalition led primarily by China, marks a significant development in international geopolitics, particularly in the context of the country’s ongoing economic challenges and diplomatic isolation. This move, officially commencing on January 1, 2024, represents Tehran’s attempt to navigate the impacts of U.S. sanctions and its broader … Continue reading Iran Joins BRICS to Reduce Reliance on Western Economic Systems

SEC Requests $158 Million Boost to Rein in Crypto's "Wild West"

The U.S. Securities and Exchange Commission, the primary regulator overseeing securities markets, has announced its intention to ask Congress for a substantial budget increase aimed at expanding its capabilities in response to the rapidly growing and changing financial markets, particularly the cryptocurrency sector. The proposed $158 million increase for fiscal year 2025 is a strategic … Continue reading SEC Requests $158 Million Boost to Rein in Crypto's "Wild West"

Report by Bitget Reveals 1.5 Million Daily Active Crypto Traders in Western Europe

Bitget Research, the research arm of a prominent cryptocurrency exchange and Web3 company, has released a comprehensive report examining the structure and current landscape of the cryptocurrency markets in Western Europe. The report sheds light on the region’s growing adoption of cryptocurrencies, with a substantial number of daily active traders estimated to be between 1.2 … Continue reading Report by Bitget Reveals 1.5 Million Daily Active Crypto Traders in Western Europe

Exclusive: Bitcoin – The Killer App in Africa and Latin America?

In driving financial inclusion and FinTech adoption in emerging markets, Ray Youssef, CEO of Paxful explains the key challenges in Bitcoin adoption in Africa and the strategies penetrating into the African markets. We are glad to have an in-depth interview with Ray, on Paxful’s strategies into Africa and Latin America. He also explained the biggest … Continue reading Exclusive: Bitcoin – The Killer App in Africa and Latin America?

Exclusive: Arbitrage – the Key Business Opportunity Brought by Blockchain

Following the latest update of Paxful, Ray took a step back and shared to us his inspiration to set up Paxful and what he learnt from 11 failed startups! He then identified arbitrage as the key business opportunities by blockchain and instead of decentralization, peer to peer should be the core value preposition of Bitcoin! … Continue reading Exclusive: Arbitrage – the Key Business Opportunity Brought by Blockchain

Exclusive: Did Facebook Copy Hedera Hashgraph's Governance Model?

Exclusive interview with Sami Mian: Part 1 “Imitation is the sincerest form of flattery.” When Facebook released Libra’s whitepaper, Hedera Hashgraph allegedly “thanks” Facebook for imitating their governance model, what is the story behind? We spoke exclusively with Sami Mian, the Head of Japan and Korea for Hedera Hashgraph, to reveal the hidden story of … Continue reading Exclusive: Did Facebook Copy Hedera Hashgraph's Governance Model?

US Declares China a 'Currency Manipulator' while Bitcoin Sees Growth

The US Declares China a ‘Currency Manipulator’ The US Treasury Department officially designated China as a “currency manipulator” on Monday following the most significant stock market losses the US has seen in 2019. There was a 2.9% plunge overnight in the Dow Jones Industrial Average, Nasdaq down 3.4% while Bitcoin is up 3.2% as tweeted by Tim Draper. In a … Continue reading US Declares China a 'Currency Manipulator' while Bitcoin Sees Growth