CEO Manipulated Trading Volumes and Created False Deposits A South Korean cryptocurrency exchange CEO, Jinwook Shin, has been sentenced to seven years in prison for operating a sophisticated fraudulent scheme totaling $7.6 million. The CEO of Bitsonic, a major exchange, manipulated trading volumes using the exchange’s funds to inflate the price of its self-issued digital…
Cathie Wood, the CEO and CIO of ARK Invest, believes that Bitcoin has the potential to surpass gold as a valuable investment. Bitcoin vs. Gold In a recent interview on ARK Invest’s YouTube channel, Wood and ARK Invest’s Chief Futurist, Brett Winton, discussed Bitcoin’s historical and recent price movements in relation to gold. Wood described…
Early Entry and Rapid Growth In 2019, Vast Bank partnered with Coinbase and SAP to offer crypto trading directly through its checking accounts. By 2021, the launch of the “Vast Crypto” app allowed customers to buy, sell, and hold cryptocurrencies. This innovative approach reportedly led to a 50% growth in Vast’s retail customer base in…
Insider Testifies Against Terra Founders Terra founder Do Kwon and co-founder Shin Hyun-Seong are facing legal battles two years after the collapse of their crypto project. An insider, identified as “Lee,” testified against the co-founders in a South Korean court. Lee’s Testimony Lee, who worked on developing the technology for Terra, claimed that he realized…
Janet Yellen Addresses Crypto Risks to Congress US Treasury Secretary Janet Yellen is scheduled to address Congress today, focusing on the potential risks the crypto industry poses to the financial system. Yellen’s Prepared Remarks Yellen will emphasize the need for legislative action, specifically regarding the regulation of stablecoins and the spot market that are not…
Analyst Predicts Altcoins to Double in Value Crypto analyst Michaël van de Poppe believes altcoins are poised for a significant rally in the coming months. He analyzed the TOTAL3 chart, which tracks the total market cap of all cryptocurrencies excluding Bitcoin and Ethereum, and identified a bullish higher low setup at around $450 billion. Van…
Hanoi, Vietnam (February 5, 2024) – Heroes of Mavia, the highly anticipated mobile strategy game, has taken the gaming world by storm, surpassing 1 million downloads on Android and iOS. This remarkable milestone reflects the game’s widespread appeal, combining captivating gameplay with innovative Web 3.0 elements. Global Dominance: Heroes of Mavia’s global success is evident…
CoinShares Report CoinShares, a digital assets manager, reports that institutional investors are pouring money into crypto exchange-traded products (ETPs). This surge in investment comes just weeks after the U.S. Securities and Exchange Commission (SEC) approved spot BTC exchange-traded funds (ETFs). Crypto Investment Products See Massive Inflows CoinShares’ latest Digital Asset Fund Flows report reveals that…
Key Factors Influencing Bitcoin’s Next Move Bitcoin’s recent price action has been marked by indecision, with the cryptocurrency trading sideways. Crypto analyst Eric Krown Crypto has identified key factors that will determine Bitcoin’s next move. Potential Correction Krown’s analysis using the Stochastic indicator suggests that Bitcoin is due for a correction. He believes a drop…
Key Points: Insiders of a Solana-based memecoin, dogwifhat (WIF), made a staggering profit of $1.77 million from an initial investment of just $3,694. The insiders bought WIF at the time of its launch and sold it on the decentralized exchange Uniswap for a significant profit. The price of WIF surged after its launch, allowing the…
