BlockFi CEO Zac Prince Accused of Fraud and Excess by Creditors The Unsecured Creditors’ Committee (UCC) of BlockFi has taken legal action against CEO Zac Prince, alleging fraud and excessive behavior. The UCC claims that Prince and BlockFi have engaged in self-enrichment while…
MicroStrategy, led by Michael Saylor, has announced the acquisition of an additional 12,333 bitcoins, worth roughly $347 million. This move solidifies MicroStrategy’s position as a major player in the cryptocurrency market. The purchase was made between April 29 and June 27, with an…
The European Union (EU) is making strides in strengthening its banking sector by proposing stringent regulations for cryptocurrencies and enhancing risk management practices. Swedish Finance Minister Elisabeth Svantesson, who chaired the talks, praised the proposed bank capital policy as a significant development. She…
The use of analytical tools in the crypto market is becoming increasingly important, as data analysis can make the difference between profit and loss. These tools help traders make informed decisions and reduce the risk of losses by providing accurate information and helping…
ConsenSys conducted a survey that included 15,000 participants from 15 different countries. The survey aimed to gather data on people’s perspectives and knowledge about cryptocurrency. The detailed results of the survey can be found on DailyCoin. The survey covered various aspects of crypto,…
Azuki, the NFT project, has admitted that it made mistakes with its new Elementals collection after facing criticism from the community. The team acknowledged that the minting process was confusing and that the new collection was too similar and dilutive to the original…
FTX.com, a crypto exchange, is seeking interested parties to reopen its platform despite its declining reputation. The company has recently filed a lawsuit against former executive Daniel Friedberg, accusing him of multiple felonies, including violating his legal duties and approving fraudulent transfers and…
The latest news for Bitcoin and the crypto market is that volatility is returning after a period of low trading volumes on centralized exchanges. Despite the complexity of macro data in the United States, cryptocurrency holders are continuing to accumulate Bitcoin in anticipation…
The Nevada Financial Institutions Division has taken legal action against Prime Trust, a provider of financial infrastructure for fintech and crypto firms, by filing a court petition to place the company in receivership. This action follows a cease and desist order issued by…