Unravelling the Moonstone Bank stablecoin gambit
A few weeks before the collapse of FTX, Moonstone Bank partnered with fintech company Fluent Finance on a stablecoin venture to "accelerate crypto adoption by issuing US+ stablecoin."
A few weeks before the collapse of FTX, Moonstone Bank partnered with fintech company Fluent Finance on a stablecoin venture to "accelerate crypto adoption by issuing US+ stablecoin."
An online investment from Tether Pay claimed to offer investors returns of up to 210% in 70 days or 3% daily while assuring users of the option to withdraw their funds at any time.
Celsius set the initial deadline to January 3 but is now seeking to push it to early February, with those who fail to file risking losing out on distribution.
Gemini was among the many digital asset companies offering Earn accounts but with the contagion hitting its business partner Genesis, it suspended the accounts.
Non-U.S. FTX customers argue that their identities should be kept hidden during court proceedings, as revealing them could put them at risk of scams and identity theft, a call opposed by the DOJ.
The next 'halving' of the BTC block reward, expected to take place in mid-2024, would further reduce margins and squeeze out smaller miners struggling to make a profit from their existing operations.
London-based Faes & Company claims that Blockware lied about owning hosting facilities and BTC mining machines' uptime and wants $250,000 in damages.
Industry players behind the BTC software control the hash power, while companies with weak cash positions and low debt suffer, cementing BTC's position as a 'very, very' centralized system.
YouTuber Chico Crypto claims that the likely implosion of Digital Currency Group will result in a new level of crisis that can lead to regulators taking immediate action against the asset class.
The securities regulator filed a motion claiming that the Hinman speech materials need to be sealed as they “unquestionably reflect confidential deliberations” by its officials.
The DOJ is looking into the $372 million hack from FTX-controlled wallets that occurred the day after the embattled firm of former CEO Sam Bankman-Fried filed for Chapter 11 bankruptcy.
Sam Bankman-Fried’s only hope of not spending the best years of his life behind bars is to dish the dirt he has on the biggest crypto criminals: Binance and Tether.