Scams

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    Harsh Truth Behind the Terra Luna Narrative

    The fall from grace of the Terra Luna network indicated one of the worst catastrophes the crypto ecosystem has ever witnessed. The network crashed and rebranded while developing a multiverse ecosystem in the aftermath. Early last year, Do Kwon, the Chief Executive Officer and co-founder of Terraform Labs, the organization behind Terra Luna, purportedly withdrew…

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  • Will the Collapse of South Korean Blockchain Disrupt the Nation’s Crypto Space?

    South Korea has a surging crypto market worth more than 200 billion dollars; the nation is home to around seven million customers and is the second largest after China in East Asia. However, the high adoption rate might be due to the volatility of the South Korean won and the strong digital culture. Conversely, the…

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  • Miami-Dade Cuts Ties with FTX

    One of the most populated counties in the United States, Miami-Dade, Home to Basketball legends, has nullified its affiliation with FTX following its collapse late last year. According to Miami Herald, a U.S. judge immediately terminated the contract between the parties. However, in early 2021, both parties agreed to a nineteen-year contract worth 135 million…

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  • Collapsed Crypto Exchange FTX Regains Over 5 Billion in Assets

    “FTX has regained over 5 billion in assets.” one defense team member responded. However, a United States bankruptcy court received a report that the limit of losses to users is still unavailable. In addition, this action might have costed customers, investors, and creditors trillions. The former FTX Chief Executive Officer still pleads not guilty to…

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  • Is Bitcoin Under Siege? Evaluating Recent Developments

    Bitcoin ATMs have mushroomed everywhere recently, with more than 36,000 installations. However, the majority are in the United States, and this number had appreciated until recently when cryptocurrency began receiving criticism and bitcoin prices experienced downfalls. These machines enable individuals, specifically those not digitally oriented, to buy and sell bitcoin rather than the exposures to…

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  • Solana’s (SOL) Fall from Grace – Project Analysis

    Recently, the cryptocurrency environment has been receiving criticism from different corners since the collapse of FTX; similarly, Solana has experienced a similar downfall. However, due to the uncertainty, doubt, and fear instilled in investors’ minds, it is clear to say that Solana is yet to receive a bombshell. SOL dropped by 51.14% since the collapse…

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  • Minnesota Representative Says SEC Chair Must Appear Before Congress to Address Its Concerns

    On Sunday, Minnesota Representative Tom Emmer called out Securities and Exchange Commission(SEC) Chair Gary Gensler, demanding that he addresses Congress about his approach to regulating crypto. Emmer believes SEC’s failure to gather information needed from crypto firms will continue to cause disasters like the recent FTX exchange collapse. Emmer claims that the SEC has not…

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  • SBF Denies He Attempted to Make USDT & UST Lose Their Pegs to the Dollar

    Former FTX CEO Sam Bankman-Fried has ignored several allegations since stepping down from his position. However, he came out on Friday to deny claims that he targeted Tether and Terra stablecoins. On his Twitter account, Bankman-Fried acknowledged making many mistakes this year, but he says this allegation was not one of them. The Bankman-Fried statement…

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  • Exchange Nexo to Quit US, Citing Regulatory Barriers

    Nexo is among the leading cryptocurrency lending platforms within the digital finance sector. Meanwhile, a Tuesday report from news outlets such as Reuters revealed plans to suspend its United States services after regulators fumbled in debates meant to ensure a clear road for blockchain businesses. The 2018-found Swiss cryptocurrency lender expressed disappointment following participation in…

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  • Claim Justice – Get Your Money Back From Forex Scams

    Forex trading is very popular and very effective. Especially in the current scenario it is good to send some investment in forex trading because inflation crisis has just begun. However, there are people who are looting and plundering public money by defaming the business of forex trading. These people are widely recognized as scammers and…

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