According to the complaint, from September 2017 through January 2018, Vista falsely advertised that it would trade customers’ digital assets and earn a 2.5% daily return or “double in just 80 days.” The company said it would trade customers’ bitcoin and ether using “Robot Traders” that the CFTC said it never had access to, and instead engaged in a Ponzi scheme with new and old customer funds. Original Source AssetsCaliforniaCEOCFTCChargesDigitalFirmFraudMisappropriation CryptoX Portal
Month: February 2023
Binance moved $400M from Binance.US account to firm tied to CZ: Report
An investigative report has suggested that major cryptocurrency exchange Binance was behind transferring roughly $400 million in funds from a Binance.US account to a trading firm managed by Changpeng Zhao. According to a Feb. 16 Reuters report, an investigation of Binance’s banking records and company messages showed more than $400 million was sent in a series of transactions starting in 2020 from an account controlled by Binance.US to trading firm Merit Peak. The United States Securities and Exchange Commission reportedly launched a probe into potential connections between Binance.US and the…
‘Bit-tendo’ prototype offers Bitcoin retro games for bars, conferences
Play-to-earn retro games with Bitcoin (BTC) payouts may soon be making their way to a bar, conference or meetup near you, according to a Feb. 12 tweet by Zebedee founder Christian Moss. The software is tentatively called “Bit-tendo.” Bitcoin Pay to Play & Play to Earn in Super Mario 3 on the original NES! #bitcoin #retrogames #lightningnetwork powered by @zebedeeio and @lnbits 200 retweets and i’ll integrate SONIC “Bit-tendo” will be a free retro game bitcoin infuser for bars, conferences, meet ups etc pic.twitter.com/4GBuXX9pN2 — Christian Moss (@MandelDuck) February 12, 2023…
Blur Surpassed OpenSea in Daily NFT Trading Volume Wednesday, Nansen Shows
CryptoX – Cryptocurrency Analysis and News Portal NFT marketplace OpenSea’s dominance in the NFT ecosystem faces a growing challenge from Blur’s rapid ascent. Source The post Blur Surpassed OpenSea in Daily NFT Trading Volume Wednesday, Nansen Shows appeared first on CryptoX. CryptoX Portal
Binance Moved Funds From US Affiliate’s Silvergate Bank Account in 2021: Reuters
According to the report, Binance moved the funds between January and March 2021 from BAM Trading’s Silvergate Account. BAM Trading is the name of the entity operating Binance US. Merit Peak is a trading firm that the U.S. Securities and Exchange Commission (SEC) is investigating over its ties to Binance. Source
eBay NFT platform KnownOrigin launches creator smart contract
According to a new twitter post on Feb. 16, e-commerce platform eBay’s nonfungible tokens (NFT) marketplace KnownOrigin will launch creator smart contracts for its artists. With the new contract, artists will be able to split earnings and earn royalties as co-creators. As told by KnownOrigin, users have been testing its Creator Contract beta release for the past few weeks, with 84 contracts thus far deployed and 250 edition of NFTs minted. From Feb. 24 onwards, all approved creators on KnownOrigin will be able to deploy and mint work on their own…
Crypto Exchange OKX To Launch New Blockchain As Utility Token OKB Reaches Fresh All-Time Highs
Crypto exchange platform OKX is gearing up to launch a new blockchain as its native token surges to new all-time highs. Star Xu, the founder of crypto derivatives exchange OKX, says that the firm will be launching a new but separate blockchain as its native asset OKB reaches new all-time highs. According to Xu, the new blockchain called the OKXChain will focus on creating a decentralized ecosystem for the protocol, granting users access to decentralized finance (DeFi) and decentralized applications (DApps). OKXChain will be created and operated solely by the…
Canada Close to Tightening Rules for Crypto Exchanges: Sources
Later this month, Canada’s umbrella markets regulator, the Canadian Securities Administrators (CSA), will tighten requirements for cryptocurrency exchanges operating in the country, according to two people who have been briefed on the plans. Source
Blockchain is changing the way we fight for sustainability
The COP has also created tools to prevent climate doomsday. Such economic tools as voluntary and compliance carbon markets, carbon credits, green bonds and other green assets tied to positive environmental impact play a crucial role in decarbonization global efforts. However, they are often inaccessible to small and medium-sized companies from developing countries. The main reasons are high upfront costs and complex structuring processes in line with global green standards. Positive and negative impacts on the environment have to be forecasted and described according to approved methodologies. This information is…
Shiba Inu and Dogecoin Rival That’s Exploded 520% This Year Finds More Momentum Ahead of Major Exchange Listing
A rival of dog-themed crypto assets Shiba Inu (SHIB) and Dogecoin (DOGE) is continuing to surge after being listed on a major crypto exchange. In a new update, the team behind the crypto project Floki (FLOKI) announces that the meme asset is going to be listed by Kucoin, a prominent crypto exchange platform. “The people’s exchange has listed the people’s cryptocurrency! FLOKI is now live on the Kucoin exchange. This is MASSIVE and one of FLOKI’s biggest exchange listings, introducing Floki and our utility to 27 million users in 207…