Celsius co-founder Mashinsky is being sued by the NY Attorney General for "defrauding investors out of billions". The lawsuit accuses Mashinsky of violating the state's Martin Act, which is used to combat securities and commodities fraud, as well as a state general business law that allows the attorney general to investigate fraud. This article will explore the details of the case and its potential implications for the crypto industry.
As the use of bitcoin grows, more and more locations are vying to attract bitcoin businesses and individuals. One such place is Lugano, Switzerland, which has adopted bitcoin as a de facto legal tender and offers a wide range of merchants that accept the cryptocurrency. You can now live in this Swiss city solely on bitcoin.
The EU's Markets in Crypto-Asset Rule (MiCA) regulation of the European Commission is one of the many attacks against bitcoin.
The economic effects of the billions of dollars lost due to FTX's collapse are starting to be felt, and the digital dollar is one of them.
In his first appearance on US soil since his arrest in the Bahamas, Bankman-Fried was granted a $250 million bail package, secured by his parents' Palo Alto home, which is worth nowhere near that amount. Furthermore, Sam Bankman-Fried pleads not guilty.
According to data provided by the crypto forensic organisation Arkham, Alameda wallets has funnelled over $1.7M via crypto mixers overnight
The former billionaire frequently advocated for more crypto regulation and portrayed himself and his companies as ethical players in the sector. Let's take a look inside of Bankman-Fried White House meetings before FTX collapse.
More than 60% of the assets under management at Midas were removed as a result of the failure of Celsius Network and FTX. As a result, Midas Crypto exchange is declaring bankruptcy.
After the failure of cryptocurrency exchange FTX and hedge fund Alameda Research, the troubled cryptocurrency sector and its rich pioneers face a day of reckoning. In particular, these crypto founders and bitcoin moguls lost $116 billion in 2022.
In order to continue operating, Core Scientific had to liquidate 9,618 BTC in April as a direct consequence of a protracted bear market. Now, the giant Bitcoin miner Core Scientific has filed for bankruptcy.
