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Investors Fume Over Hounax Scam, Blame Fraudsters On YouTube And WhatsApp Groups
Monday, November 27, 2023 - 11:33am | 458Over 130 Hong Kong citizens have fallen prey to a sophisticated cryptocurrency fraud, losing a staggering HK$120 million (US$15.4 million). The victims expressed frustration, stating that the Securities and Futures Commission's (SFC) identification of the involved platform, Hounax, as...
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Gemini Vs. Genesis In Court: Billion-Dollar Bitcoin Battle Erupts Over Grayscale Shares
Friday, October 27, 2023 - 4:24pm | 629Gemini Trust Co., a leading cryptocurrency platform, has initiated legal action against the now-insolvent crypto lender, Genesis Global Holdco LLC. The litigation revolves around the rightful ownership of Grayscale Bitcoin Trust shares, currently valued at nearly $1.6 billion, Bloomberg reported....
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Bitcoin Whale Exposed: Robinhood Revealed As Owner Of Massive Wallet
Thursday, August 24, 2023 - 3:14pm | 471The previously unidentified address that accumulated more than $3 billion in the world's largest digital currency over the past three months and now recognized as the third largest Bitcoin (CRYPTO: BTC) wallet, has been identified. It allegedly belongs to Robinhood Markets Inc. (...
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Shibarium Launches To Chaotic Start As Platform Suffers Technical Issues: Developers Say Funds Safe
Thursday, August 17, 2023 - 11:24am | 509In light of recent concerns surrounding the launch of the Layer 2 network Shibarium (CRYPTO: SHIB), lead developer Shytoshi Kusama said Thursday there are no bridge issues and all user funds remain secure. Contrary to circulating rumors, any screenshots suggesting otherwise have been...
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Bankrupt Celsius Seeks Deadline Extension For Account Holders To File Claims
Thursday, December 29, 2022 - 1:00pm | 443Defunct cryptocurrency lending and borrowing platform Celsius is preparing to file a motion to extend the bar date for its account holders, as part of its ongoing bankruptcy proceedings. The bar date, also known as the deadline to file a claim, is currently set for Jan. 3, 2023. However, Celsius is...
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If You Invested $1,000 In Bitcoin When FTX Launched, Here's How Much You'd Have Now
Tuesday, December 13, 2022 - 7:08pm | 537One of the biggest stories for the financial markets in late 2022 is the collapse of the cryptocurrency platform FTX and the continuation of the crypto winter. Here’s a look at how much an investment in leading cryptocurrency Bitcoin (CRYPTO: BTC) would be worth now, based on when FTX...
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Bankman-Fried Takes Blame For FTX, But Skirts Questions In GMA Interview: 'I Wasn't Spending Time Or Effort Trying To Manage Risk'
Thursday, December 1, 2022 - 2:07pm | 824FTX co-founder and former CEO Sam Bankman-Fried, once a beloved leader in the cryptocurrency sector, is now being labeled a criminal. The disgraced entrepreneur is currently on a media tour to discuss how the exchange he founded went into disarray, but appears to be having a tough time answering...
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Robinhood Shares Pop On Takeover Talk, FTX CEO Has This To Say On M&A Chatter
Monday, June 27, 2022 - 5:29pm | 419Stock and cryptocurrency platform Robinhood Markets (NASDAQ: HOOD) saw shares surge Monday as it was reported the company could soon be acquired. Here’s the latest. What Happened: Robinhood shares surged Monday on a report by Bloomberg that FTX could be looking to acquire the company...