Month: January 2023

SEC Charges Team Behind Coindeal Crypto Fraud That Promised 500,000 Times Investment Returns โ€“ Regulation Bitcoin News

boss

The U.S. Securities and Exchange Commission (SEC) has charged the team behind Coindeal, a $45 million fraudulent crypto investment scheme. The regulator explained that the defendants falsely claimed that Coindeal โ€œwould generate investment returns of more than 500,000 times for investors.โ€ SEC Takes Action Against Coindeal Crypto Fraud The U.S. Securities and Exchange Commission (SEC) announced Wednesday that it has charged the creator of crypto investment scheme Coindeal and seven others in connection with the $45 million fraud. Describing Coindeal as โ€œa brazen and far-reaching unregistered offering fraud conducted between…

MATIC Up 6.5% In Last 7 Days

boss

The year 2022 saw the value of Polygonโ€™s native token MATIC drop by 64%. But the network started this year on a positive note, with the price shooting up 8% according to the charts. However, can MATIC maintain this momentum?ย  On-Chain Developments To Play A Big Role For MATIC The Layer 2 ecosystem has been seeing on-chain developments grow. Just before the turn of the new year, Polygonโ€™s first prediction market Bhavish Finance made several records that brought Polygon in the spotlight. Uniswap, a decentralized exchange in the ecosystem, ended…

SuperRare cuts 30% of staff as growth slows during crypto winter

boss

Non-fungible token (NFT) marketplace SuperRare has announced a 30% staff-member cut as CEO John Crain explained that the firm mistakenly over-hired during the last bull market. In a Jan. 7 tweet, Crain shared a screenshot of his message to SuperRareโ€™s Slack channel announcing the 30% cut, stating that he had โ€œsome tough news to share.โ€ โ€œStartups are a balancing act of managing rapid growth while doing everything possible to conserve limited resources. During the recent bull run, we grew in tandem with the marketโ€ he noted, adding that: โ€œIn recent…

Crypto Is Here to Stay and ‘Becoming More Legitimate’ โ€“ Regulation Bitcoin News

boss

A top Internal Revenue Service (IRS) official says, โ€œCryptocurrency is here to stay,โ€ and โ€œitโ€™s becoming more legitimate.โ€ The official added that the U.S. tax authority is looking to partner with crypto companies, noting: โ€œI donโ€™t see how we can operate in this space without it.โ€ Top IRS Official Says Crypto Is Here to Stay Thomas Fattorusso, acting special agent-in-charge of the Internal Revenue Service-Criminal Investigation (IRS-CI)โ€™s New York office, talked about cryptocurrency in an interview with The Wall Street Journal earlier this week. โ€œWe canโ€™t be hostile to the…

Mastercard partners with Polygon to launch Web3 musician accelerator program

boss

Global payments giant Mastercard is ramping up its exposure blockchain tech yet again, after announcing a Polygon-based accelerator program to help musicians build their careers via Web3. The firm announced the “Mastercard Artist Accelerator” program via a Jan. 7 blog post, outlining that from this spring, it will connect five emerging musicians from across the globe with mentors that willย  help them set up their brand in the Web3 music space. “The artists will gain exclusive access to special events, music releases and more. A first-of-its-kind curriculum will teach the…