Ark Invest Management has acquired over 157,000 Coinbase (COIN) shares for $8.6 million — its second buy order after selling in March. The investment fund’s purchase is amid a string of poor price performance for the exchange’s stock. Tradingview data shows COIN fell 15% over the last 30 days and…
Troubled digital currency company Genesis Capital saw its settlement disrupted by creditors in two months after the initial agreement, raising concerns about the timing of the process. Genesis’ parent company, Digital Currency Group (DCG), took to Twitter on April 25 to issue a statement on Genesis filing a motion for…
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In the crypto space, the term “airdrop” refers to the unsolicited distribution of tokens, usually for marketing purposes or as a reward for network participation or contributions. The first recorded crypto airdrop took place back in 2014 when Auroracoin handed out its native cryptocurrency, AUR. Another well-known airdrop was that…
OPNX CEO Leslie Lamb posted a lengthy tweet calling for “true equality between all people,” regardless of sex or race. “ I have experienced firsthand the sexism, racism and slander that runs rampant through crypto communities.” However, some in the crypto community dismissed her comments as irrelevant and a non-issue.…
On Apr. 24 the Southern district court of New York held the first jury hearing on the case against former OpenSea product manager Nathaniel Chastain, who’s being accused of insider trading with nonfungible tokens (NFTs). The allegations were filed by the U.S. Manhattan Attorney’s Office on May 31, 2022. Chastain…
The Indian enforcement directorate froze over $11.1 million on April 24 as part of an ongoing investigation into money laundering using a cryptocurrency called HPZ token. The funds were seized during searches conducted in three banks and payment gateway providers across the country that served entities involved in money laundering.…
Emerging technologies such as blockchain are ushering in a new era of interactions between humans and the digital world. This is an evolving topic of conversation for thought-leaders both inside and outside of the industry trying to predict how such technologies will prompt change in the human experience. On April…
Quick Take A lot of analysis has been around whales accumulating Bitcoin (BTC) while other cohorts sell. But it is important to understand different entity balances to see where the potential sell pressure could come from and how the trend is changing. Looking at the past five years, some notable…
The financial crimes unit at the Seoul Southern District Prosecutors’ Office reportedly indicted Terraform Labs co-founder Shin Hyun-seong and nine other individuals for the collapse of the Terra stablecoin ecosystem. The 10 individuals were reportedly indicted on charges of fraud, breach of trust and embezzlement and referred to trial after 11…