Entrepreneur and billionaire Mark Cuban recently engaged in an Ask Me Anything (AMA) session on social media, where he shared his insights on various topics, including cryptocurrencies, non-fungible tokens (NFTs), and decentralized finance (DeFi). Let’s dive into Cuban’s thoughts and perspectives on these emerging technologies. Cuban’s Preferred Cryptocurrencies When asked about his preferred cryptocurrencies beyond
Crypto
The demand for spot Bitcoin exchange-traded funds (ETFs) has been growing rapidly, and Hong Kong is not willing to be left behind. Harvest Fund Management’s Hong Kong branch has recently applied for a spot Bitcoin ETF with local regulators, signaling the city’s readiness to embrace this new investment avenue. As the first wave of spot
The United States Financial Industry Regulatory Authority (FINRA) has recently come forward with some alarming statistics regarding the state of communication within the cryptocurrency industry. According to a report released by FINRA, approximately 70% of retail communications related to cryptocurrencies are in violation of its rule against misleading claims. This finding raises concerns about the
The security and blockchain auditing firm, CertiK, which is renowned for its comprehensive approach to securing digital assets and decentralized technologies, has found itself becoming a victim of scams and exploitation. Despite its expertise in detecting and preventing security breaches, scammers have managed to leverage the CertiK brand to spread misinformation and defraud unsuspecting users.
In a recent development, Mark Scott, a former partner at the U.S. law firm Locke Lord, has been sentenced to 10 years in prison for his role in a fraudulent cryptocurrency scheme. The scheme, known as the OneCoin cryptocurrency fraud, involved the laundering of $400 million. The Manhattan federal prosecutors successfully convicted Scott of conspiracy
Changpeng Zhao, also known as CZ, is the founder of Binance, one of the most prominent cryptocurrency exchanges in the world. However, CZ’s journey has been filled with setbacks and legal challenges. In this article, we will delve into the recent obstacles faced by CZ, including his failed attempt to travel to the United Arab
Bitcoin mining company Core Scientific has emerged from Chapter 11 bankruptcy with a reorganization plan that has significantly improved its financial standing. As part of the plan, the company has successfully reduced its debt by $400 million through the conversion of debt from equipment lenders and convertible note holders into equity. This move not only
On January 9, 2024, the Securities and Exchange Commission (SEC) experienced a significant security breach that resulted in false posts regarding the approval of spot Bitcoin exchange-traded funds. This breach raised concerns about the SEC’s cybersecurity measures and highlighted the vulnerabilities that exist in today’s digital world. According to the SEC, the breach occurred when
Bitcoin exchange-traded funds (ETFs) have been making waves in the financial world since their recent approval. Within just six days of trading, these ETFs have accumulated an impressive number of bitcoins (BTC). As volumes increase and assets under management (AUM) soar to $3.96 billion, it is clear that investors are flocking to these new investment
The world of finance is on the brink of a potential paradigm shift, as digital assets gain increasing traction and challenge the longstanding dominance of the U.S. dollar. Andrew Peel, the Head of Digital Assets at Morgan Stanley, has recently issued a cautionary statement about this shift, highlighting the rising interest in Bitcoin, the surge