Lamb claimed that Ver owes CoinFLEX $47 Million USDC, and that the company has a “written contract with him obligating him to personally guarantee any negative equity on his CoinFLEX account and top up margin regularly. He has been in default of this agreement and we have served a notice of default.” Source
Month: June 2022
Twitter User Accuses Nexo of Embezzlement Through Charity, Crypto Lender Denies Allegations – Bitcoin News
A Twitter account has accused the Bulgarian co-founders of the Swiss-based cryptocurrency lender Nexo of misappropriating funds from a charity platform. The company has rejected the allegations in the anonymous attack, which comes after Nexo offered a buyout deal to troubled rival Celsius. Anonymous Allegations Against Co-Founders Circulated on Social Media A Twitter user going by the handle @otteroooo has drawn attention to media reports about misuse of donations to a charity allegedly linked to the people behind Nexo, a major provider of crypto-backed loans. In a thread published on…
Aduana de Argentina incauta $21M en equipos de minería de criptomonedas
El caso está siendo investigado por el juez Pablo Yadarola, quien el lunes ordenó un relevamiento de los bienes incautados. “Hay que cuidar los dólares para la producción y generación de empleo, no para la especulación financiera”, dijo, por su parte, Guillermo Michel, director general de la Aduana. Source
Are custodied crypto funds at risk? Industry veterans explain
With rumors of insolvency flying high among crypto firms such as Celsius and Three Arrows Capital, investors couldn’t help but ask a simple question: What happened to all the funds that were supposedly under “safe custody?” As it turns out, a small fraction of crypto firms began leveraged trading with customers’ deposits to deliver promised high APY returns on supposedly fixed-income instruments. Things worked out well when the market was thought to have endless potential. However, as token prices plunged, such firms simultaneously suffered heavy losses on their positions and…
OKX to Increase Staff by 30% Despite Market Downturn
“We are mostly focused on increasing our headcount in product and tech,” Lennix Lai, director of financial markets at OKX, said on CoinDesk TV’s “First Mover” program. Source
‘Crypto Dad’ Chris Giancarlo Knighted by French Government
This knighthood was founded in the last century to honor people who distinguish themselves in the military or civilian world, and includes 182,000 members globally, according to the organization’s website. Giancarlo, who is a U.S. citizen descended from a French immigrant, was also recognized for his involvement in the French American Academy, a bilingual elementary school program. Source
From an Attention Economy to a Values-Driven Economy
Yes, the current version of the web has fostered digital communities and other forms of social organization unconstrained by geographical limitation. Social media platforms, especially, have extended our capacity to connect with others who share our views, interests and goals via attention markets and matchmaking algorithms. Source
Crypto News Today: What is Blockchain Technology Explained in Hindi | Cryptocurrency Latest Update
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What is Blockchain Explained in Hindi: जब भी Cryptocurrency की बात होती है, तो उसके साथ Blockchain का नाम भी शामिल होता है. जैसे-जैसे Crypto Market बढ़ रही है, Cryptocurrency (Bitcoin, Ethereum, Dogecoin, Shiba Inu) का चलन बढ़ रहा है, Blockchain Technology भी आगे बढ़ रही है. लोग Blockchain Developer Course भी कर रहे हैं. दरअसल, Blockchain पर ही Cryptocurrency काम करती है. Crypto के अलावा भी Blockchain के कई और इस्तेमाल हैं. इस वीडियो में जानिए Blockchain क्या है (What is…
Bitcoin’s bottom might not be in, but miners say it ‘has always made gains over any 4-year period’
Your favorite trader is saying Bitcoin (BTC) bottomed. At the same time, the top on-chain indicators and analysts are citing the current price range as a “generational buy” opportunity. Meanwhile, various crypto and finance media recently reported that Bitcoin miners sending a mass of coins to exchanges are a sign that $17,600 was the capitulation move that pins the market bottom. There’s so much assurity from various anon and doxed analysts on Crypto Twitter, yet Bitcoin price is still in a clear downtrend, and the metrics don’t fully reflect that…
All 5B toncoins mined on PoS TON blockchain
The TON Foundation, an organization developing the Telegram-initiated blockchain project, the TON blockchain, on Tuesday officially announced that TON miners have mined the final toncoin. “Tens of thousands of miners have mined the entire issuance of toncoins, which was about 5 billion tokens,” TON Foundation founding member and core developer Anatoly Makosov said in a statement to Cointelegraph. The last toncoin was mined on June 28, he noted. The end of toncoin mining marks a major milestone in TON’s distribution, starting its new era as an entirely PoS blockchain. From…