Saniya Raahath

SEC Files Charges Against Dragonchain Over $16.5 Million DRGN ICO

John Joseph Roets and his firms-Dragonchain, the Dragonchain Foundation, and the Dragon Company are accused of raising $16.5 million in unregistered crypto asset securities offerings. SEC alleges between 2019 and 2022, Roets and the entities allegedly sold approximately $2.5 million worth of DRGNs to develop and market Dragonchain technology

Saniya Raahath
August 17, 2022
News

Crypto Scams Witnessed 65% Decline This Year, Crypto Hacks on a Surge

Illicit activity involving cryptocurrency went down 15% in volume this year. The total scam revenue for 2022 is now $1.6 billion, a 65% decline compared to the same period in 2021. $1.9 billion worth of cryptocurrency has been stolen in hacks of services, compared to just under $1.2 billion at the same point in 2021

Saniya Raahath
August 17, 2022
News

Binance Granted In-Principle Approval to Operate in Kazakhstan

Binance will soon be able to provide its services as an operator of a Digital Asset Trading Facility in Kazakhstan. AFSA is the first regulator in Kazakhstan to grant in-principle approval to a Binance entity

Saniya Raahath
August 15, 2022
News

Polkadot-Based Acala USD Depegs 70% Following $1 Billion Hack

A bug in the iBTC/AUSD pool allowed hackers to issue an additional 1.2 Acala Dollar (AUSD) billion tokens. aUSD dropped by over 70% following the attack

Saniya Raahath
August 14, 2022
News

CFTC Charges Ohio Man for Running $12 Mn Bitcoin Ponzi Scheme

Giri and his companies NBD Eidetic Capital, LLC and SR Private Equity, allegedly solicited $12 million and 10 bitcoins from over 150 customers using fraudulent means. Giri allegedly lured customers by promising guarantees of profits instead spent it on lavish goods.

Saniya Raahath
August 14, 2022
News

Uzbekistan Blocks Binance and FTX Over Unlicensed Trading

Binance, FTX, Huobi, and Bybi-among exchanges that got blocked. From January 1, 2023, Uzbek citizens and companies are legally permitted to conduct transactions only with licensed cryptocurrency exchanges.

Saniya Raahath
August 13, 2022
News

Spot Crypto Trading Volume hits a 19-month Low

Spot cryptocurrency trading edged lower to $1.39 trillion in July, a 1.3% monthly decline. In July, the derivatives trading volume of major exchanges fell 5.2% MoM. Binance's trading volumes surged 76% in July

Saniya Raahath
August 13, 2022
News

Huobi’s Leon Li Plans to Sell Majority Stake in the Company for $1 Billion

Key Takeaways Li plans to sell 60% of his stake in Huobi at $1 billion. As per reports, the potential buyer’s list includes Justin Sun and FTX’s Sam Bankman-Fried. HT’s price jumped nearly 25% to $5.43 following the Bloomberg report.…

Saniya Raahath
August 12, 2022
News

After WazirX, ED freezes Rs 370 Cr assets of troubled Vauld

The move comes after a month after Vauld froze withdrawals in July ED recently froze Rs 64.67 crore worth of bank deposits belonging to WazirX. The latest move is part of the ED's ongoing money laundering investigation against at least ten crypto exchanges.

Saniya Raahath
August 12, 2022
News

Ethereum’s Final Goerli Testnet Merge Goes Live

Key Takeaways The transition happened when TTD exceeded 10,790,000 around 1:45 UTC. Goerli test net was the third and final test run before the Mainnent Merge schedule on Mid-September. Ethereum’s final testnet ahead of the Merge went live on Goerli…