The founder of two cryptocurrency hedge funds in New York, Stefan Qin, has been sentenced to 7.5 years in prison and three years of supervised release. He is also ordered to forfeit about $55 million. The Department of Justice (DOJ) said that he “engaged in a scheme to steal assets” from his hedge funds and defraud investors. Crypto Hedge Fund…
Although Ethereum is not mooning anymore, its price is still slowly rising. In fact, multiple experts still give it a “Buy/Strong Buy” signal, indicating that they have a bullish outlook on the coin. There is a big chance that what we’re experiencing right now is the calm before the storm – and ETH price will shoot for the moon in…
An AT&T customer filed a lawsuit against the company last week accusing it of failing to provide “reasonable and appropriate security to prevent unauthorized access to its customer wireless accounts.” This has led to the theft of cryptocurrency from the plaintiff’s crypto exchange account. AT&T Sued by Crypto Investor An AT&T customer, Jamarquis Etheridge, filed a lawsuit in the district…
Seven days ago, non-fungible token (NFT) marketplaces saw sales nosedive after reaching all-time highs during the month of August. A week later sales have rebounded to a degree and NFT marketplaces like Opensea, Rarible, and Superrare have seen improvements in terms of seven-day trade volumes. Opensea, Rarible, Hic et nunc, Makersplace, Superrare See NFT Weekly Volumes Improve On September 12,…
Solana is not exactly a new cryptocurrency, but it has only gained traction and widespread popularity in the last few months. Its astronomical rise upwards has attracted the attention of many investors, helping them to discover the project’s high usability and incredible functionality. With so many people jumping in on the Solana hype, many are left wondering whether the coin…
Dmitry Vasiliev, former chief executive of Russian cryptocurrency exchange Wex, has been detained in Warsaw, the Polish press reported. Vasiliev is wanted in Kazakhstan where he is accused of fraud related to the now defunct trading platform, successor of the infamous BTC-e exchange. Former Wex Executive in Polish Custody as Prosecutor’s Office Reviews Extradition Request Ex-owner and CEO of Wex…
Changelly, an instant cryptocurrency exchange, announced today a new partnership with Abra, a leading wealth management platform with functionality for buying, selling, trading and earning interest on cryptocurrencies. The partnership with Changelly enables Abra users to exchange over 200 different crypto assets directly via Abra’s platform, making the user experience seamless. The integration of the Changelly API enables Abra app…
Amid the ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC), Ripple’s legal team reportedly said that they have no plans to settle with the securities watchdog. They are confident that SEC Chairman Gary Gensler will be convinced that pursuing the case is picking winners and losers in the crypto business to the detriment of innovation. No Plans to…
In fall 2021, XYO cryptocurrency went through the second wave of popularity. The cryptocurrency was listed on Coinbase, Gate.io, and Kucoin exchanges – and here’s where the boom started. But what’s XYO actually about and will XYO price go up? The project was founded back in 2017, so there are a lot of milestones passed. Let’s explore the basics, and…
One of Bitcoin’s biggest upgrades of all time is just around the corner, but few understand its potential impact. In Kraken Intelligence’s latest report, “Taproot Primer: An Upgrade For The Ages,” our team breaks down each of the three Bitcoin Improvement Proposals (BIPs) included in the Taproot upgrade and explains the transaction efficiency and user privacy benefits the upgrade will…
