Multichain CEO Zhao Jun ‘arrested’ by Chinese Police amid a series of ‘hacks’- A rug pull at play?
The Chinese Police took Multichain CEO Zhao Jun in May; since then, no one has heard from him. Multichain suspiciously claims no one can access Jun’s cloud server; thus, everyone is locked out of MPC node servers and cannot access funds stashed away by his sister.
US SEC under fire for posting an unconvincing press release following loss to Ripple
Voices have been raised against US SEC following its recent loss in the case against Ripple regarding XRP being security. The crypto community feels that authority should have been fair, meaning they would have expected SEC to have an outright win.
Gary Gensler must work with Congress to develop proper crypto rules after Ripple drama- Financial Services GOP
Gary Gensler is under fire after the US SEC partially lost a case against Ripple in the Southern District of New York. Judge Torres ruled on July 13 that the XRP token is not a security so long as it is traded programmatically on exchanges. The US House Committee on Financial Services for Republicans has asked him to work with Congress to regulate digital assets.
Ripple wins case against SEC as US Judge rules XRP is not a security
Ripple has scored a win in the Southern District of New York after the Judge presiding over SEC vs Ripple ordered that XRP is not a security. This filing has sent the crypto token exploding 60% in minutes.
Alex Mashinsky, ex-CEO of bankrupt crypto lender Celsius, arrested as US SEC presses charges
Alex Mashinsky is being sued by the US SEC following the collapse of the crypto lender Celsius. Mashinsky served as the CEO of the fallen crypto giant till its last days.
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Hot Stories
Bitcoin price rallies to new 2023 high ahead of halving cycle
Bitcoin price rallied to the highest point on July 6, 2023, as the market approaches the eagerly awaited Bitcoin halving period in 2024. It has been noticed that as Bitcoin gains more security from the halving periods, more market buy pressure is seen, which increases the price.
Money Market Funds: A Comprehensive Guide to Understanding and Investing
In the realm of investments, money market funds provide a safe and stable option for individuals and institutions seeking low-risk and short-term investment opportunities. Money market funds are a type of mutual fund that invests in short-term debt securities, aiming to preserve capital while providing modest returns.
A Step-by-Step Guide to Downloading and Using Threads, Instagram’s New App
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Twitter secures money transmitter licenses in three US states
Twitter has secured licenses to operate as a money transmitter in Missouri, New Hampshire, and Michigan, setting the stone rolling for its dream of becoming a financial service provider. Elon Musk disclosed this plan when taking over the social media giant last year to set it apart from the growing competition.
Crypto hacks and cyber attacks claimed over $300 M in Q2 2023
Crypto hacks have persisted into 2023 though a noticeable drop of 58% YoY has occurred. A report by Certik, however, shows that $300 million was stolen from the industry in Q2 2023.
Denmark asks Saxo Bank to erase crypto holdings
Denmark has asked one of its largest banks, Saxo Bank, to erase its cryptocurrency holdings as a de-risking effort. It expects the bank not to be impacted in any way while closing its crypto market positions.