Nathaniel Chastain will reportedly have until Nov. 2 to surrender himself following his conviction for wire fraud and money laundering related to insider trading on OpenSea. A federal judge has sentenced former nonfungible token (NFT) marketplace OpenSea product manager Nathaniel Chastain to 3 months in prison for wire fraud and money laundering related to insider […]

The Central Bank of Brazil has issued a press release revealing details about “drex,” the Brazilian central bank digital currency (CBDC) formerly known as the digital real. The bank explained the need for a rebranding and detailed how it might revolutionize transactions with digital contracts for real estate and vehicles. Drex is expected to be […]

The DeFi platform Balancer (BAL) disclosed a vulnerability affecting several of its pools in a statement published on Aug. 22. In that post, Balancer Labs said that the vulnerability in question had not been exploited and said that 80% of the issue had been mitigated. However, the project acknowledged that a small amount of funds […]

The company also announced a partnership with artificial intelligence company SingularityNET. Decentralized wireless (DeWi) network operator World Mobile announced the launch of its app on Google Play for users in the United States, the United Kingdom, Australia, Canada and Tanzania on Aug. 22.  The launch comes on the heels of a series of beta tests […]

Memecoins reflect a higher beta to the entire crypto sector, but does their recent 25% price drop signal a deepening bear market for BTC, ETH and large caps? The recent crypto crash hit memecoins hard, culminating with a 9% drop in total market capitalization from Aug. 14 to Aug. 21. During the same period, Pepecoin […]

It’s been 40 days since the U.S. court issued a partial verdict in the SEC’s case against Ripple. In that timeframe, the digital currency XRP’s value has slumped by a significant 39.43%. Despite SEC’s Interlocutory Appeal and 39% Downturn, XRP Enthusiasts Hold out for a Rebound Recent statistics paint a tumultuous picture for XRP. Over […]

FTX founder and former CEO Sam Bankman-Fried has once again pleaded not guilty to criminal charges brought against him in connection with the collapse of the exchange. That report indicates that Bankman-Fried appeared in court for the first time since his bail was revoked in early August, as lawyers raised complaints about his holding conditions […]

The U.S. Securities and Exchange Commission (SEC) has charged Titan Global Capital Management for publishing misleading “hypothetical performance projections” regarding its crypto investment product. Titan Global is also accused of violating the marketing rule when it advertised hypothetical performance metrics without taking the required steps. Improper Use of Hedge Clauses The U.S. Securities and Exchange […]

Quick Take Last Thursday’s cryptocurrency market experienced an extreme event best described as a liquidation cascade. This phenomenon resulted in one of the most significant single-day wipeouts of open interest ever recorded. In terms of the total USD value allocated in open futures contracts, this was the second-largest decrease, underscoring the sheer scale of the […]

The recent news of Elon Musk’s aerospace company, SpaceX, liquidating its entire Bitcoin (BTC) holdings, valued at around $373 million, has sent speculation through the cryptocurrency market. This unexpected move comes amid concerns about the market’s stability, spurring a shift in investor sentiment. Investors focus on alternative assets, with Polygon (MATIC) and Litecoin (LTC) emerging […]