Market News
Check out the news cycle for the past 24 hours and see what’s moving the market today!
Aussie admits to promoting BitConnect crypto services without a license
The Australian Securities and Exchange Commission claims that John Louis Anthony Bigatton promoted the crypto lending platform at four seminars and via two social media posts.
Genesis Debt Repayment: Creditors Get Greater Priority Over DCG
Genesis Global, the bankrupt cryptocurrency lender secured a court approval in order to distribute billions of dollars in digital assets to the creditors. This is the second major announcement of debt repayment to creditors after FTX…
Bybit Deemed Illegal by French Financial Regulator
The French financial regulator, Autorité des Marchés Financiers (AMF), has issued a reminder that Bybit, a cryptocurrency exchange, is banned in France.
French Financial Regulator Warns Investors About ByBit
The French financial regulator, Autorité des Marchés Financiers (AMF), has issued a reminder that Bybit, a cryptocurrency exchange, is banned in France.
Over 80% of Newly Listed Crypto Assets on Binance Have Declined in Value: Data
According to the analyst, most new tokens on Binance are listed with an inflated valuation despite lacking a substantial user base.
Genesis Global To Return $3B In Cryptocurrency, Cash To Customers After Court Approval: Report
Crypto lending firm Genesis Global has reportedly been given the green light by a U.S. Bankruptcy Judge to return approximately $3 billion in cash and cryptocurrency to its clients. This move leaves the firm's owner, Digital Currency Group…
Binance Aids Taiwan in Busting $6M Crypto Money Laundering Ring
Binance's Financial Crimes Compliance Department recently collaborated with Taiwan's Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office on a significant cryptocurrency-assisted money laundering case…
Chinese Nationals Nabbed in $73 Million Pig Butchering Crypto Fraud
The US Department of Justice (DOJ) has arrested two Chinese nationals, Daren Li and Yicheng Zhang, for orchestrating a massive crypto scam known as “pig butchering.” This scheme led to the laundering of at least $73 million.
Dolce & Gabbana Sued Over $6,000 NFTs Losing 97% Value
Dolce & Gabbana USA Inc. faces a lawsuit from a customer who claims the non-fungible tokens (NFTs) he bought for $6,000, which included metaverse outfits, lost 97% of their value due to delivery failures by the luxury fashion house.