FDIC investigates Voyager’s deposit insurance claims: Report
The issue for Voyager has gotten worse as the FDIC is looking into prior allegations made by the cryptocurrency company. The troubled cryptocurrency brokerage firm Voyager Digital has apparently come under investigation from the U.S. Federal Deposit Insurance Corporation (FDIC) for making claims that money was FDIC-insured shortly after declaring bankruptcy. On Thursday (July 7, […]
VC firm Konvoy opens new $150M fund, targets blockchain-based games
According to Konvoy, a portion of the new $150 million fund would be invested in cryptocurrencies and blockchain-based games. Konvoy Ventures, a venture capital firm, plans to invest at least $30 million to support numerous games using cryptocurrencies and blockchain technology. With $150 million in funding, the American company announced the opening of Konvoy Fund […]
Reddit introduces new “Collectible Avatars” supported by blockchain
Reddit said that the initiative will use the Polygon (MATIC) blockchain for decentralized trading and third-party sales. Reddit, a platform for content aggregation, discussion, and ranking, unveiled a brand-new avatar system on Thursday. The business stated that the avatars will be accessible to the general public in the coming weeks, though no specific release date […]
Celsius transfers WBTC worth $529M to FTX exchange
The cryptocurrency industry is worried that the transfer of the wBTC might result in the dump of more than $500 million worth of Bitcoin. Concerns have been raised by some in the community regarding the possibility of a dump when troubled loan provider Celsius transferred nearly 25,000 Wrapped Bitcoin (wBTC) valued at $528.9 million to […]
Shocking fraud claims as KeyFi sues Celsius in court
In the complaint filed by KeyFi Inc., Celsius is accused of breaching a multi-million dollar profit-sharing agreement after successfully implementing multiple staking and DeFi tactics for the company. KeyFi Inc., a staking software and investment company has filed a complaint against struggling cryptocurrency lender Celsius, alleging that the business has been conducting business in a […]