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” Crypto scammers abuse ‘lax’ UK company laws to fool victims: Report “ The United Kingdom is host to at least 168 companies accused of running fraudulent crypto or foreign exchange (forex) scams according to an independent analysis. A Jan. 29 joint investigation by media firms the Bureau of Investigative Journalism and the Observer suggested…
” Founder of $7.5M ‘brazen fraud scheme’ to see 8 years behind bars “ Founder of “My Big Coin” and convicted fraudster Randall Crater has been sentenced to 100 months in prison and has been ordered to pay over $7.6 million to the victims of his fraudulent scheme. The U.S. Department of Justice (DOJ) said…
” Social token platform Rally announces shutdown of sidechain “ Rally, a social token platform, has announced nonfungible tokens (NFTs) on its sidechain will no longer be accessible. Users reported across social media platforms that Rally said the platform’s sidechain will “begin to sunset” after Jan. 31, leaving users unable to access NFTs once the…
” Court permits Core Scientific to borrow $70M to replace existing loan “ Core Scientific has received permission from the bankruptcy court for the Southern District of Texas to take out a loan of up to $70 million from investment bank B. Riley, one of the company’s biggest creditors. The loan would be used to…
” Examiner finds customer deception, ‘very Ponzi-like’ use of funds at Celsius “ Court-appointed examiner Shoba Pillay submitted her final report on select aspects of operations at bankrupt cryptocurrency Celsius on Jan. 31. The document was commissioned on Sept. 29 and is 470 pages long, not counting the 31 appendices. Pillay is a former federal…
” Cronos Labs to accept second cohort for $100M-backed Web3 accelerator program “ Blockchain startup accelerator Cronos Labs has announced the opening of applications for its second cohort of the $100 million-backed Cronos Accelerator Program. The program, which begins on April 24, 2023, will last for 12 weeks and provide selected projects with upfront seed…
” Top 9 cyberpunk movies of all time “ Cyberpunk movies are a subgenre of science fiction that emerged in the 1980s. They typically take place in a dystopian future, often in a city characterized by high-tech, advanced technology and a breakdown of social order. They often feature advanced forms of artificial intelligence, virtual reality,…
” UK native stablecoin integrates into 18,000 ATMs nationwide “ A partnership between Poundtoken and BitcoinPoint will make the country’s first 100% backed GBP stablecoin ($GBPT) accessible to retail consumers via a network of 18,000 ATMs across the United Kingdom. The move marks another step towards the U.K. becoming a “crypto hub” and is in…
” Tesla records $140M Bitcoin net loss in 2022 “ According to a filing with the United States Securities and Exchange Commission on Jan. 31, electric vehicle manufacturer Tesla disclosed that it had recorded a $204-million gross impairment loss during 2022 on its Bitcoin (BTC) holdings. Simultaneously, Tesla recorded a gain of $64 million from…
” How AI can make the metaverse a more interactive space “ The potential behind the metaverse is becoming greater as virtual and physical worlds converge. Market intelligence firm Contrive Datum Insights recently found that the global metaverse market is estimated to surpass $1.3 trillion by 2030. According to the study, this growth will be…