Day: September 1, 2022

Controversial Crypto Lawyer Kyle Roche Pulls Out of Nexo, Binance.US, Solana and Dfinity Lawsuits

CryptoX – Cryptocurrency Analysis and News Portal Last Friday, whistleblower site Crypto Leaks published a series of damning videos, accusing the lawyer of weaponizing class-action lawsuits to collect sensitive information on various crypto companies. The site also alleged Roche’s lawsuits purposely attacked competitors of the blockchain project Avalanche, which Roche allegedly received tokens from and has previously represented in legal matters. Original Source The post Controversial Crypto Lawyer Kyle Roche Pulls Out of Nexo, Binance.US, Solana and Dfinity Lawsuits appeared first on CryptoX. CryptoX Portal

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Crypto Developer Brothers Leave VC Firm After CoinDesk Exposé

The Macalinao brothers built their reputation in the Solana blockchain community. In early 2021 they created a decentralized exchange for swapping stablecoins called Saber that at its zenith purported to represent $4.15 billion (nearly half) of the crypto value locked up on Solana. Part of the allure of Saber was the interlocking DeFi lego bricks that surrounded it: projects like Sunny, Quarry, Cashio, Goki, and Tribeca. Source

GMX Token Top Arbitrum Network, How Far Can It Go?

The price of the GMX token has shown so much strength despite the downtrend across the market, with the GMX token eyeing a rally to its all-time high of $60. Bitcoin’s (BTC) price has shown less steam compared to recent times, this has affected most crypto assets, but this can not be said of GMX token. (Data from Coinex) GMX Token (GMX) Price Analysis On The Daily Chart  GMX token price has shown so much strength creating a higher high after hitting a low of $13; the price bounced off…

Michael Saylor got wrecked, but Bitcoin investors needn’t panic

boss

As cryptocurrency investors know, the market moves in cycles. We had the up-cycle when Bitcoin (BTC) and Ether (ETH) hit their all-time highs, and now the bears are back in town. One of them mauled MicroStrategy founder and executive chairman Michael Saylor this week. In this case, it was a very powerful bear — Washington, D.C. Attorney General Karl Racine — suing the Bitcoin evangelist for allegedly owing $25 million in unpaid taxes. MicroStrategy’s stock price has fallen more than 13% on the news, from $251 on Aug. 29 to…

Crypto users push back against dYdX promotion requiring face scan

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Many users on social media have been lambasting decentralized exchange dYdX over the identification verification process to receive a sign up and deposit bonus of $25. In a Wednesday blog post, dYdX announced that new users who deposited 500 USD Coin (USDC) for their first transactions could receive a bonus promotion of 25 USDC, provided they were willing to do a “liveness check.” According to the exchange, the verification process accessed a user’s webcam and “compares if your image has been used with another account on dYdX.” Though the giveaway…

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Una plataforma global de CBDCs podría reducir costos de pagos transfronterizos, según el FMI

“La preocupación es que cuanto más tarde esto, más autoridades nacionales quedarán atrapadas en diferentes marcos regulatorios”, escribió Aditya Narain, subdirectora del departamento de mercados monetarios y de capital del FMI, en un documento. En él, realizó un llamado para que la respuesta global sea coordinada, consistente e integral, para cubrir “todos los actores y todos los aspectos del ecosistema cripto”. Source