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.
In the latest episode of the All-In podcast, longtime Bitcoin bull Chamath Palihapitiya said that "crypto is dead in America."
Although the FX market has been generally stable over the last month, significant volumes of foreign currency purchases by banks pursuing overseas settlements create some additional pressure. As a solution to this, Ukraine has banned Bitcoin purchases with national currency amid martial law.
In a recent interview, the co-founder of the world’s largest crypto hedge fund, Three Arrows Capital, said they are begging for a bailout due to the Luna crash.
105 countries are investigating central bank digital currencies around the world in 2022, but the majority of nations are still conducting research.
The recent deaths of Vyacheslav Taran, a 53-year-old cryptocurrency billionaire, and two others who were pioneers in the crypto field have raised the question of who is killing the crypto millionaires and whether they were all just accidents.
A report from the International Monetary Fund (IMF) in September 2022, co-authored by BIS Chief Carstens, identifies three shortcomings that preclude cryptocurrencies from serving as a "sound basis for the monetary system," which shows how fiat money has won the battle against cryptocurrencies.
Binance is being sued by the SEC for 'billions in fraud' after allegedly working to subvert 'their own controls' to allow high-net-worth U.S. investors and customers to continue trading on Binance's unregulated international exchange.
The price of the Terra (LUNA) cryptocurrency has plummeted by over 99 percent, sweeping out crypto owners' riches. Around one stage, prominent crypto market Binance briefly banned Terra (LUNA) network withdrawals, preventing even those who needed to sell from doing so.
In the near future, central banks will need to introduce some sort of alternative system in order to preserve economic authority as many conventional currencies begin to lose public confidence due to inflation. Towards this end, the BIS is set to allow member banks to hold 1% of their reserves in Bitcoin.
