Examiner finds customer deception, ‘very Ponzi-like’ use of funds at Celsius
[ad_1] Court-appointed examiner Shoba Pillay submitted her final report on select aspects of operations at bankrupt cryptocurrency Celsius on Jan. 31. The document was commissioned on Sept. 29 and is 470 pages long, not counting the 31 appendices. Pillay is a former federal prosecutor and partner at law firm...
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SEC approves 9 more WisdomTree ‘blockchain-enabled’ funds
[ad_1] The U.S. Securities and Exchange Commission (SEC) has given the green light to nine more blockchain-enabled funds from $82 billion asset manager WisdomTree. None of these funds track crypto assets themselves, but the firm does utilize the Ethereum and Stellar blockchains to keep a secondary record of share...
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LDA Capital Funds GameFi Company Digital Entertainment Asset (DEA) to the Tune of USD10M | by Bit Media Buzz | Dec, 2022
[ad_1] Singapore, December 14, 2022 — Digital Entertainment Asset (DEA), operator of the PlayMining NFT gaming platform, has raised a US$10 million investment from LA-based LDA Capital, a global alternative investment group. The announcement comes less than a month after receiving a minority investment from Rakuten Capital, the corporate...
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Blockstream raising funds for mining at 70% lower company valuation
[ad_1] The depths of a bear market may not be the best time to raise funds but that is exactly what Blockstream is doing. The crypto infrastructure firm is seeking fresh funding, but at a much lower valuation than previous rounds, according to a Dec. 7 Bloomberg report. Blockstream...
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FTX reportedly used Alameda’s bank accounts to process customer funds
[ad_1] The FTX contagion saga sees new revelations around its misconduct every other day, and the latest one solidifies the collusion between the failed crypto exchange and its sister company Alameda Research from the very beginning. FTX like many other crypto exchanges found it difficult to get a banking...
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FTX US Deal with Voyager Offers 72% Funds Recovery
[ad_1] According to court documents from this week, clients of the bankrupt crypto lender, Voyager Digital might have a chance to recover some of their funds. Under a preliminary deal with FTX US, a cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange...
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MEVbots backdoor drains users’ Ethereum funds via arbitrage trading bot
[ad_1] MEV gain, an Ethereum (ETH) arbitrage trading bot built by MEVbots, which claims to provide stress-free passive income, has been actively draining its users’ funds via a fund-stealing backdoor. Arbitrage bots are programs that automate trading for profits based on historical market information. An investigation of MEVbots’ contract...
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CZ says funds are ‘SAFU’
[ad_1] Crypto’s Black Monday continues to wreak havoc. Changpeng Zhao, the CEO of crypto exchange Binance, tweeted that there would be a temporary pause on Bitcoin (BTC) withdrawals. Temporary pause of $BTC withdrawals on #Binance due to a stuck transaction causing a backlog. Should be fixed in ~30 minutes....
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NFT GameFi Paladin Pandas Raises USD 4 Million in Funds and Launch $BAMB Token | by Bit Media Buzz | Apr, 2022
[ad_1] OHDAT-affiliated NFT Game Project Paladin Pandas launched their ERC-20 Token $BAMB on the Ethereum chain on April 6th 2022. This established Paladin Pandas as one of the first NFT projects that has completed both the launch of their play-to-earn game and their token. A hand-drawn 10K NFT collection...
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Valkyrie Funds Launch the Valkyrie Bitcoin Miners ETF
[ad_1] Valkyrie Funds announced the launch of the Valkyrie Bitcoin Bitcoin Bitcoin is the world’s first digital currency that was created in 2009 by a mysterious entity named Satoshi Nakamoto. As a digital currency or cryptocurrency, Bitcoin operates without a central bank or single administrator. Instead, Bitcoin can...
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