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Finance

U.S. SEC Files Lawsuit Against Bitcoin Miner Geosyn and Co-founders for Alleged Fraud and Unlicensed Securities Distribution

U.S. SEC Files Lawsuit Against Bitcoin Miner Geosyn and Co-founders for Alleged Fraud and Unlicensed Securities Distribution

The United States Securities and Exchange Commission (SEC) has launched a lawsuit against the bitcoin mining company Geosyn and its co-founders, Caleb Ward and Jeremy McNatt. The SEC accuses them of engaging in fraudulent activities and distributing securities without proper licensing. According to the SEC, from November 2021 to December

Justin Bieber's NFT Portfolio Takes a Steep Dive, Dropping by 94.7% in Value

Justin Bieber's NFT Portfolio Takes a Steep Dive, Dropping by 94.7% in Value

The volatile world of digital assets has seen its fair share of ups and downs, and the latest victim of this unpredictability is none other than pop sensation Justin Bieber. A recent report from Arkham Intelligence has revealed that Bieber’s investment in non-fungible tokens (NFTs) has faced a significant

LayerZero Announces Token Generation Event for the First Half of 2024; Prepares for Stargate v2 Update

LayerZero Announces Token Generation Event for the First Half of 2024; Prepares for Stargate v2 Update

LayerZero, a pioneering team in the development of cross-chain compatibility protocols, has announced a Token Generation Event (TGE) scheduled for the first half of 2024. The announcement promises the distribution of ZRO tokens, which are set to play a central role in the protocol's ecosystem. The CEO of LayerZero Labs,

SEC Demands $5.2 Billion in Damages and Fines from Terraform Labs and Do Kwon Following Fraud Conviction

SEC Demands $5.2 Billion in Damages and Fines from Terraform Labs and Do Kwon Following Fraud Conviction

The Securities and Exchange Commission (SEC) has formally requested that Terraform Labs and its co-founder, Do Kwon, pay a staggering $5.2 billion. This demand follows a legal finding of fraud against them, as the fallout from the collapse of the Terra ecosystem continues to unravel. On April 5, 2024,

Over 40% of Solana Ecosystem Presales Halted Further Development, Raising Concerns Over $26.7 Million Lost to Scams

Over 40% of Solana Ecosystem Presales Halted Further Development, Raising Concerns Over $26.7 Million Lost to Scams

In a recent expose, independent on-chain analyst ZachXBT has brought to light concerning trends within the Solana ecosystem, revealing that a significant portion of token presales has ended in scams and halted projects, putting investors' money at risk. According to ZachXBT, more than 40% of the projects ceased further development

Grayscale Representative Predicts Approval of Altcoin-Based ETFs within Two to Three Years

Grayscale Representative Predicts Approval of Altcoin-Based ETFs within Two to Three Years

During a recent discussion, a spokesperson from Grayscale's investment team, David LaValle, confidently expressed his belief that exchange-traded funds (ETFs) based on cryptocurrencies other than Bitcoin and Ethereum are likely to be approved within the next two to three years. This statement was reported by The Block and marks a

Two Top Executives Depart from Crypto Exchange OKX

Two Top Executives Depart from Crypto Exchange OKX

The cryptocurrency exchange OKX has recently seen the departure of two of its top executives, as reported by CoinDesk. Tim Byun, the head of government relations, and Wei Lan, the head of product, have both left the company. The specific reasons behind their resignations remain undisclosed. Tim Byun has a

Bitcoin Miners May Sell $5 Billion Worth of Bitcoin Post-Halving, Analyst Predicts

Bitcoin Miners May Sell $5 Billion Worth of Bitcoin Post-Halving, Analyst Predicts

Bitcoin mining operations could be preparing to sell off approximately $5 billion worth of Bitcoin following the upcoming halving event, according to Marcus Tilen, an analyst at 10x Research. The cryptocurrency market may face significant challenges during what Tilen refers to as the "six-month summer lull," a period expected post-halving.

Bitcoin Halving in 2024: Experts Predict $10 Billion Loss for Miners Amidst Reward Reduction

Bitcoin Halving in 2024: Experts Predict $10 Billion Loss for Miners Amidst Reward Reduction

As the next Bitcoin halving approaches, projected to occur on April 20, 2024, miners face the potential of significant financial losses, with expert analysis forecasting a staggering $10 billion hit to the industry within the year following the event. This critical point in Bitcoin’s lifecycle will slash the reward

VanEck CEO Reports: 90% of Bitcoin ETF Inflows Come from Retail Investors, Institutional Players Yet to Join the Game

VanEck CEO Reports: 90% of Bitcoin ETF Inflows Come from Retail Investors, Institutional Players Yet to Join the Game

In a recent statement, Jan van Eck, CEO of investment firm VanEck, has highlighted that a staggering 90% of the capital inflows into their spot Bitcoin ETFs have been sourced from retail investors. This detail emerged during his interview at the Paris Blockchain Week, where van Eck shared insights into