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author

Article by Steven Stradbrooke

SEC calls Forsage a ‘fraudulent crypto pyramid and Ponzi scheme’
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2 August, 2022

SEC calls Forsage a ‘fraudulent crypto pyramid and Ponzi scheme’

U.S. securities regulators have charged 11 individuals for creating and promoting the “fraudulent crypto pyramid and Ponzi scheme” that is...
Meta’s profit slides due to big bet on proprietary metaverse
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29 July, 2022

Meta’s profit slides due to big bet on proprietary metaverse

Meta, formerly Facebook, reported its first ever revenue decline in Q2, while profits tumbled by more than one-third as its...
Kraken under US investigation over allegedly violating Iran sanctions
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29 July, 2022

Kraken under US investigation over allegedly violating Iran sanctions

U.S. authorities are reportedly investigating Kraken due to suspicions that the controversial digital currency exchange has violated economic sanctions against...
Helium users fret as revenue fails to keep pace with network growth
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27 July, 2022

Helium users fret as revenue fails to keep pace with network growth

Helium set out to revolutionize ‘decentralized wireless’ networks but the users supporting this network are discovering that the later they...
Peter Thiel-backed ‘crypto’ lending platform Vauld bankrupt
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25 July, 2022

Peter Thiel-backed ‘crypto’ lending platform Vauld bankrupt

Singapore-registered/India-based Vauld filed an application for a moratorium order under section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018,...
SEC labels 9 tokens as securities in Coinbase insider trading scandal
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22 July, 2022

SEC labels 9 tokens as securities in Coinbase insider trading scandal

Ishan Wahi, his brother Nikhil and friend Sameer Ramani are accused of violating securities laws’ antifraud provisions to earn over...

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