The CEO and co-founder of crypto mining and investment platform Mining Capital Coin (MCC) Luiz Capuci Jr. has been indicted by the Department of Justice (DOJ) for “allegedly orchestrating a $62 million global investment fraud scheme.” The DOJ is charging Capuci with conspiracy to commit wire fraud, conspiracy to commit securities fraud, and conspiracy to commit international money laundering in…
The nonfungible token (NFT) collections by Yuga Labs have experienced a dramatic downturn in transaction volume over the past 24 hours. Otherdeed is down just over 50%, Mutant Ape Yacht Club (MAYC) is down 46%, and Bored Ape Yacht Club (BAYC) is down 25% according to data from NFT market tracker NFTGO. Over the past 24 hours, general NFT market…
According to a Gallop poll published on May 2, the public’s confidence in America’s current economic leaders has been deteriorating. Confidence in U.S. president Joe Biden managing the U.S. economy has dropped from 57% to 40%, and faith in Federal Reserve chair Jerome Powell has faltered from 55% to 43%. The April 2022 Gallop poll, published amid the highest inflationary…
The U.S. Securities and Exchange Commission (SEC) has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice (DOJ) has indicted its CEO and founder. If convicted of all counts, he faces a maximum total penalty of 45 years in prison, the Justice Department. SEC Halts $62M Global Cryptocurrency Fraud Scheme The US Securities and…
As a suitable option for long-term crypto token holders, staking pools offer the promise of earning yields in addition to the capital gains earned through token value appreciation. One can invest in a stake pool with a fraction of the number of tokens required to become a validator on a PoS blockchain, while the staking pool rewards users on a…
NFT ownership in Ice Cube’s BIG3 basketball league collection is being snapped up fast. Ice Cube announced on Saturday that the 25 Fire-Tier NFTs for his BIG3 team Tri State were bought by a group led by tech entrepreneurs Sunny Deep, Vinny Lingham, and Kevin Rose. Moonbirds, Rose’s NFT collection of 10,000 pixelated owls, will be the community sponsor behind…
The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Moreover, statistics show the total value locked (TVL) across a broad range of defi protocols shed significant value during the last seven days. Defi Protocols Shed Considerable Value Decentralized finance (defi) protocols have lost lots of…
Illustration by Mitchell Preffer for Decrypt Crypto traders are feeling the fear. For a start, the price of Bitcoin fell below $35,000 for the first time since January earlier this morning, though that’s hardly unexpected in light of the fact that most leading cryptocurrencies’ prices are in their fifth consecutive week of decline. Still, most industry pundits over on Crypto…
The S&P 500 and the Nasdaq have declined for five consecutive weeks, indicating that traders continue to reduce exposure to risky assets. Bitcoin’s (BTC) close correlation with United States equity markets has resulted in its price remaining under pressure. Bitcoin has extended its decline during the weekend and is now on track for its sixth successive weekly loss, the first…
The world of Web3—a catch-all term referring to a next iteration of the internet that incorporates blockchain technology—has an overwhelming amount of slang, jargon, and acronyms. While Crypto Twitter (CT) has used many of these phrases for years, the decentralized finance (DeFi) and NFT communities have adopted many terms and created some more of their own. Here’s part of the…
